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Nupur Anand

Jet Airways creditors agree to new owners after months of talks

Oct 17 2020

MUMBAI India's Jet Airways would be acquired by an investor consortium under a multi-million dollar resolution plan approved by the carrier's creditors on Saturday.

Amid tensions with China, India warns Amazon, Flipkart over country of origin rule

Oct 17 2020

MUMBAI The Indian government has warned Amazon.com's local unit and Walmart's Flipkart that sellers on their platforms are not complying with a rule requiring that a product's country of origin be specified.

Indian banks say government interest waiver will add to costs, spark litigation

Oct 07 2020

MUMBAI Indian bankers fear the government's decision to waive some interest payments on loans under a COVID-19 support plan will create unnecessary work for lenders and lead to more litigation, without providing much of a boost for the sagging economy.

India to waive certain interest levies on loans in COVID-19 relief

Oct 03 2020

NEW DELHI/MUMBAI The Indian government has told the Supreme Court it will waive certain interest levies on loans up to 20 million rupees ($272,888) under a COVID-19 support plan, a legal filing showed, in a move that will bring relief to millions of borrowers.

General Atlantic, Silver Lake co-investors buy stakes in Reliance's retail arm

Sep 30 2020

MUMBAI/BENGALURU India's Reliance Industries Ltd said on Wednesday private equity firm General Atlantic will invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, while Silver Lake co-investors will also buy a stake.

Dhanlaxmi Bank shareholders vote to oust chief executive

Sep 30 2020

MUMBAI Shareholders of regional lender Dhanlaxmi Bank ousted its chief executive at its annual general meeting on Wednesday, the bank said in a regulatory filing.

Paytm executive says India's secondary listing plan would be undue burden

Sep 22 2020

NEW DELHI India's potential plan to compel companies to do a secondary listing on an Indian stock exchange if they opt to first list on an overseas bourse would unfairly penalise Indian firms, according to a senior executive at fin-tech company Paytm.

Eye-watering problem: Indian optician's claim threatens nation's banks

Sep 18 2020

AGRA, India When business evaporated at Gajendra Sharma's eyeglass shop a couple of miles from the Taj Mahal during India's strict COVID-19 lockdown, he was relieved to hear about a pandemic debt moratorium that would give him breathing room on his home loan.

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