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Sachin Ravikumar

India tightens rules on loan default disclosure for public firms

20 Nov 2019

MUMBAI/BENGALURU India's publicly listed firms must disclose any failure to repay loans within 24 hours in cases where 30 days have passed since the default, its securities regulator said on Wednesday, tightening rules at a time when bond defaults have soared.

India tightens rules on loan default disclosure for public firms

20 Nov 2019

MUMBAI/BENGALURU, Nov 20 India's publicly listed firms must disclose any failure to repay loans within 24 hours in cases where 30 days have passed since the default, its securities regulator said on Wednesday, tightening rules at a time when bond defaults have soared.

Burger King's India unit looks to raise 4 billion rupees in IPO

04 Nov 2019

BENGALURU The Indian arm of U.S.-based Burger King filed for a local initial public offering (IPO) to raise up to 4 billion rupees ($56.6 million) on Monday, as it looks to open more restaurants in a country where international fast-food brands are gaining in popularity.

India's competition watchdog to probe SoftBank's Oyo, MakeMyTrip

29 Oct 2019

BENGALURU An Indian regulator has ordered an investigation into allegations that hotel-booking service MakeMyTrip Ltd gives special treatment to SoftBank-backed hotel chain Oyo on its platform, stifling competition in the industry.

India's competition watchdog to probe Softbank's Oyo, MakeMyTrip

29 Oct 2019

BENGALURU, Oct 29 An Indian regulator has ordered an investigation into allegations that hotel-booking service MakeMyTrip Ltd gives special treatment to Softbank-backed hotel chain Oyo on its platform, stifling competition in the industry.

IndiGo reports biggest quarterly loss, cuts expansion targets

24 Oct 2019

BENGALURU/NEW DELHI India's biggest airline IndiGo reported its biggest ever quarterly loss on higher maintenance costs and cut capacity expansion targets, at a time when the industry is grappling with slowing passenger growth in a sluggish economy.

As Softbank's Oyo booms, some Indian hotels cry foul and check out

08 Oct 2019

BENGALURU India's Oyo Hotels and Homes shot out of nowhere to become one of the world's largest hotel chains with a simple promise of "hassle-free" online booking, transparent pricing and cheerful lodging.

UPDATE 2-Indian shares slide, bond yields rise after cenbank cuts rates

04 Oct 2019

* Benchmark 10-year bond yield rises 5 bps (Updates prices, adds quote)

Indian shares rise before likely rate cut

04 Oct 2019

BENGALURU, Oct 4 Indian shares rose on Friday ahead of a likely interest rate cut by the central bank in the backdrop of slowing economic growth, with beaten-down banking stocks leading gains.

Sensex slides as banking, realty stocks hammered

01 Oct 2019

BENGALURU Indian shares fell 1% on Tuesday, as investors fretted about the exposure of major banks to the troubled real estate sector, compounding worries about a slowdown in economic growth.

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