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Savio Shetty

CITIC Capital bidding for 22% McDonald's China stake - chief

12:29pm GMT

Chinese private equity firm CITIC Capital is actively bidding for a 22% stake in McDonald's Corp's mainland China and Hong Kong businesses, its chairman and chief executive told Reuters on Thursday.

CITIC Capital bidding for 22% McDonald's China stake: chief

10:12am GMT

Chinese private equity firm CITIC Capital is actively bidding for a 22% stake in McDonald's Corp's mainland China and Hong Kong businesses, its chairman and chief executive told Reuters on Thursday.

India asks states to halt online drug sales

04 Dec 2019

NEW DELHI/MUMBAI India's drugs regulator has asked all states to enforce a court directive prohibiting online medicine sales, a senior government official said on Wednesday, raising industry concerns it could disrupt some online businesses.

Exit polls cheer India's ruling party; markets set to rally

19 May 2019

MUMBAI/BENGALURU Indian equities, rupee and bonds are set to rally on Monday after almost all exit polls suggested that the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) was likely to secure a clear mandate at the 2019 national elections.

Exit polls cheer India's ruling party; markets set to rally

19 May 2019

MUMBAI/BENGALURU Indian equities, rupee and bonds are set to rally on Monday after almost all exit polls suggested that the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) was likely to secure a clear mandate at the 2019 national elections.

Indian bourses to stop licensing index, stock prices to foreign exchanges

10 Feb 2018

MUMBAI India's three main stocks exchanges said on Friday they would stop licensing their indexes and securities or providing data to foreign exchanges, saying such agreements had led trading to migrate outside of the country.

India's Religare says it suffers cyber attack

17 Jul 2017

MUMBAI Several units of India's Religare financial services group suffered a cyber attack, but its systems, operations and sensitive client information were secure and unaffected, it said on Monday.

India's biggest stock exchange grapples with system fault ahead of IPO

10 Jul 2017

MUMBAI A technical glitch shut down India's National Stock Exchange (NSE) for five hours on Monday, dealing the country's biggest stock market an embarrassing blow ahead of its plans to list and leading to a surge in volumes on a rival bourse.

Markets set to gain after Modi's landslide victory in Uttar Pradesh

12 Mar 2017

MUMBAI Indian shares, bonds and rupee are likely to gain when trading resumes on Tuesday as Prime Minister Narendra Modi's landslide victory in Uttar Pradesh is seen as an endorsement of his economic reform agenda.

Indian bonds, bank shares fall as RBI temporarily hikes cash reserve ratio

28 Nov 2016

MUMBAI Indian bonds and banking shares slumped on Monday after the Reserve Bank of India ordered banks to temporarily increase their cash on deposit at the RBI to absorb excess liquidity caused by a government ban on high-denomination notes.

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