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☆ Krystyna Pyszková of Czech Republic crowned Miss World 2024
▼ + stars: | 2024-03-09 | by ( Alex Rees | ) edition.cnn.com time to read: +2 min

CNN —Besting 111 of her fellow titleholders from across the globe, Krystyna Pyszková of the Czech Republic was crowned Miss World 2024 on Saturday in Mumbai, India, where the international pageant was held this year. Krystyna Pyszková, the newly-crowned Miss World, models during the "Best Designer Award" contest at the 71st Miss World pageant preliminaries on March 2. Chopra Jonas appeared at the pageant in a video message, paying tribute to both Miss World owner Julia Morley and Nita Ambani, winner of the pageant’s Humanitarian Award. Pyszková replaces the outgoing Miss World, Karolina Bielawska, of Poland, whose reign dates back to March 2022. (Due to scheduling issues, no Miss World pageant was held in 2023.)

Persons: Krystyna Pyszková, Francis Mascarenhas, Aché Abrahams, Lesego, Jessica Gagen, ”, Aishwarya Rai Bachchan, Priyanka Chopra Jonas, Chopra Jonas, Julia Morley, Nita Ambani, Pyszková, Karolina Bielawska Organizations: CNN, Miss, 71st Miss Locations: Czech Republic, Mumbai, India, Africa, Americas, Caribbean, Asia, Oceania, Europe, Lebanon, Trinidad and Tobago, Botswana, England, United Kingdom, Poland

[1/2] Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. While all manufacturers including Samsung (005930.KS) have agreed to India's plan, Apple is pushing back. Apple, whose India lobbying efforts are being reported for the first time, and India's IT ministry, did not respond to Reuters requests for comment. Renowned Apple analyst Ming-Chi Kuo has estimated 12-14% of iPhone production in 2023 will be from India, with the number set to rise to as much as 25% next year. In terms of market share, Apple accounts for 6% of India's booming smartphone market, compared with just about 2% four years ago.

Persons: Francis Mascarenhas, Apple, Narendra Modi, Ming, Chi Kuo, Prabhu Ram, Aditya Kalra, Susan Fenton Organizations: Apple, REUTERS, DELHI, European Union, Samsung, India's, Reuters, IT, Research, Indian, Consumers, Industry Intelligence, CyberMedia, Thomson Locations: Mumbai, India, New Delhi, U.S, KS, EU, PLI, China

☆ Japan's TDK Corp to manufacture iPhone battery cells in India - minister
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

A man takes a video inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Dec 4 (Reuters) - Japanese electronic parts maker TDK Corp (6762.T) will manufacture lithium ion (li-ion) battery cells for Apple (AAPL.O) iPhones in India, a minister said on Monday. loadingApple has been touting India as its next big growth driver as it looks to move some production away from China. Cells manufactured at the facility will be supplied to Apple's li-ion battery assembler Sunwoda Electronics, the report added. Apple and TDK Corp did not immediately reply to Reuters' request for comment.

Persons: Francis Mascarenhas, TDK, Information Technology Rajeev Chandrasekhar, Manvi, Varun Organizations: Apple, REUTERS, Rights, TDK Corp, Information Technology, Twitter, Business, Reuters, Thomson Locations: Mumbai, India, iPhones, China, Wistron, Haryana, Manvi Pant, Bengaluru

☆ India's Nifty 50 hits all-time high after upbeat growth data
▼ + stars: | 2023-12-01 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

The NSE Nifty 50 index (.NSEI) rose as much as 0.52% to 20,238.45, a new record high, while the S&P BSE Sensex (.BSESN) was up 0.44% at 67,286.16, as of 9:35 a.m. IST. "India's growth outlook remains positive, with various capex initiatives of the government likely to trigger consumption at the bottom of the pyramid," Pramod Gubbi, founder of Marcellus Investment Management, said. India's Nifty and Sensex posted their best month in 2023 in November, aided by the return on foreign portfolio investor (FPI) inflows. India's general elections are due early next year. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema and Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Gubbi, India's, Sensex, Madhavi Arora, Bharath Rajeswaran, Sonia Cheema Organizations: National Stock Exchange, REUTERS, Rights, NSE, BSE, Reuters, Reserve Bank, Marcellus Investment Management, Wall, Dow Jones, Bharatiya Janata Party, BJP, Indian National Congress, Emkay Global Financial Services, Thomson Locations: Mumbai, India, U.S, Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Bengaluru

A billboard for the Netflix film "Thar" is seen on a street in Mumbai, India, May 19, 2022. India last month introduced the new draft law to regulate the broadcasting sector that will also apply to streaming giants. Netflix and Viacom18, as well as India's Information and Broadcasting Ministry, which has proposed the law, did not respond to a request for comment. India's government says the new law and formation of content committees will help in "robust self-regulation". Top Bollywood stars feature in Indian streaming shows, some of which have faced criticism from lawmakers and the public for scenes deemed vulgar or offensive.

Persons: Francis Mascarenhas, Mukesh Ambani's Viacom18, Aditya Kalra, Munsif Vengattil, Emelia Sithole Organizations: Netflix, REUTERS, DELHI, Broadcasting Ministry, Disney, Media Partners Asia, Thomson Locations: Mumbai, India

☆ Central banks of India, England resolve trade settlement stand-off
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] FILE PHOTO: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas//o/File Photo Acquire Licensing RightsMUMBAI, Dec 1 (Reuters) - The central banks of India and England on Friday signed an agreement on information exchange for settlement of bond trades, the Reserve Bank of India (RBI) said. In India, bonds are settled through the Clearing Corporation of India (CCIL). The two central banks have also established a framework for the BoE to rely on the Indian central bank's regulatory and supervisory activities, while safeguarding the United Kingdom's financial stability, the RBI said. This meant that European banks had to settle their India-based trades through banks based in other jurisdictions.

Persons: Francis Mascarenhas, BoE, CCIL, Siddhi Nayak, Jayshree, Nivedita Bhattacharjee, Sohini Organizations: Bank of India, REUTERS, Rights, Reserve Bank of India, Clearing Corporation of India, Bank of England, United, European Securities and Markets Authority, Siddhi, Thomson Locations: Mumbai, India, England

☆ India's blue-chips open higher, inch towards record high ahead of GDP data
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: 1 min

The Bombay Stock Exchange (BSE) building is seen lit up for Diwali, the Hindu festival of lights, in Mumbai, India, November 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 30 (Reuters) - Indian blue-chip shares opened higher on Thursday, with the benchmark indexes inching towards new record highs, as bets of U.S. interest rate cuts by March 2024 have triggered foreign inflows ahead of key macroeconomic data. The NSE Nifty 50 index (.NSEI) rose 0.17% to 20,130.10 points and the S&P BSE Sensex (.BSESN) was up 0.15% at 66,995.97, respectively, as of 9:16 a.m IST. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Mrigank Dhaniwala, Sohini Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru

☆ China's Alipay sells stake in India's Zomato for nearly $400 mln - term sheet
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: 1 min

[1/2] A delivery worker of Zomato, an Indian food-delivery startup, prepares to leave to pick up an order from a restaurant in Mumbai, India, July 13, 2021. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsNov 29 (Reuters) - Chinese payments group Alipay launched a $400 million accelerated bookbuild to sell its stake in Indian food delivery giant Zomato (ZOMT.NS), according the deal's term sheet on Wednesday. The deal comes after Reuters reported on Tuesday that Alipay was planning to sell its 3.4% in Zomato through block deals on Indian stock exchanges. Reporting by Baranjot Kaur in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Alipay, Baranjot Kaur, Rashmi Organizations: REUTERS, Reuters, Thomson Locations: Mumbai, India, Zomato, Bengaluru

☆ Indian rescuers say very close to reaching 41 men trapped in tunnel
▼ + stars: | 2023-11-28 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

Rescue operations continue as evening approaches, where workers got trapped in a tunnel construction collapse in Uttarkashi, northern state of Uttarakhand, India, November 27, 2023. The men, low-wage workers from India's poorest states, have been stuck in the 4.5 km (3 miles) tunnel in Uttarakhand state since it collapsed on Nov. 12. "Sure, 100%," he said when asked if the men could be reached on Tuesday. Rescuers on Monday brought in the "rat miners", experts at a primitive, hazardous and controversial method used mostly to get at coal deposits through narrow passages. Authorities have not said what caused the cave-in but the region is prone to landslides, earthquakes and floods.

Persons: Francis Mascarenhas, Deepak Patil, Narendra Modi's Organizations: REUTERS, Authorities, YP Rajesh, Thomson Locations: Uttarkashi, Uttarakhand, India

[1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. But he acknowledged service capacity issues and said Ola was "aggressively" bolstering its service network by adding 100 new centres and hiring more technicians. 'TESLA FOR WEST, OLA FOR REST'Aggarwal often declares, "Tesla is for the West, Ola for the rest", and he's a man in a hurry. "Electric vehicles are new to people so they aren't aware of how to ride the vehicle to maximise optimal output," he said.

Persons: Francis Mascarenhas, it's, Elon Musk, Aggarwal's Ola, Tesla, Ola, Devendra Ghuge, Aggarwal, Ola EVs, Ravi Bhatia, Bhatia, Japan's SoftBank, Ronald Radhakrishnan, Koradia, Riddhima Talwani, Aditi Shah, Rishika Sadam, Sriram, Arpan Chaturvedi, Anushree, Pandya, Francis Mascerehnas, Varun Vyas, Munsif, Jatindra, Saurabh Sharma, Sumit Khanna, Jose Devasia, Aditya Kalra Organizations: Ola Electric Service Centre, REUTERS, Staff, Reuters, JATO Dynamics, WEST, OLA, West, Singapore's Temasek, Industry, Hero Electric, TVS, EV, Ola, Fayaz Bukhari, Thomson Locations: Thane, Mumbai, India, THANE, HYDERABAD, DELHI, MUMBAI, Chennai, Bengaluru, India's, U.S, China, Kochi, New Delhi, Bhubaneswar, Lucknow, Ahmedabad, Jose, Srinagar

[1/4] Ambulances move inside a tunnel where rescue operations are underway to rescue trapped workers, after the tunnel collapsed, in Uttarkashi in the northern state of Uttarakhand, India, November 28, 2023. While augur machines managed to horizontally drill through nearly three-quarters of the debris, it fell on half a dozen miners adept at burrowing in tight spaces to reach the trapped workers on Tuesday. Some of the miners involved in the rescue operation said they were not involved in coal mining and got their training in Delhi. The pits are sized just enough for the workers, often children, to descend using ropes or ladders to extract coal - often without safety measures and proper ventilation. The practice became illegal in the 1970s, when India nationalised coal mines and gave state-run Coal India a monopoly.

Persons: Francis Mascarenhas, Qureshi, Nasir Hussain, Saurabh Sharma, Shivam Patel, Angus MacSwan Organizations: REUTERS, Rescuers, Thomson Locations: Uttarkashi, Uttarakhand, India, Meghalaya, Delhi, Silkyara, New Delhi

☆ India tunnel workers could face PTSD after rescue from ordeal - doctor
▼ + stars: | 2023-11-28 | by ( Shivam Patel | ) www.reuters.com time to read: +2 min

A concrete block is carried into the tunnel where rescue operations are underway to rescue trapped workers, after a tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 28, 2023. REUTERS/Francis Mascarenhas Acquire Licensing RightsNEW DELHI, Nov 28 (Reuters) - The 41 Indian construction workers trapped in a collapsed highway tunnel for 17 days will need long-term support after their rescue, including monitoring for post-traumatic stress disorder, officials said on Tuesday. Rescuers drilled through rocks and debris to finally reach the men on Tuesday in the Himalayan tunnel where they have been trapped since it collapsed on Nov. 12. Ambulances were waiting at the mouth of the tunnel on Tuesday afternoon to take the men to hospital and R.C.S. "All 41 would experience some post traumatic symptoms like insomnia, recurrent bad dreams, recurrent reliving of the tunnel collapse, anxiety," he said.

Persons: Francis Mascarenhas, Dinakaran D, Dinakaran, Shivam Patel, Robert Birsel Organizations: REUTERS, National, of Mental Health, Neurosciences, Thomson Locations: Uttarkashi, Uttarakhand, India, DELHI, Uttarkashi district, New Delhi

☆ After machines fail, 'rat miners' to help rescue 41 men stuck in Indian tunnel
▼ + stars: | 2023-11-27 | by ( Saurabh Sharma | ) www.reuters.com time to read: +3 min

SILKYARA, India, Nov 27 (Reuters) - Rescuers on Monday brought in "rat miners" to drill through a narrow pipe and help pull out 41 construction workers trapped in a tunnel in the Indian Himalayas for more than two weeks after high-powered machines failed, officials said. The men, low-wage workers from India's poorest states, have been stuck in the 4.5km (3 miles) tunnel in Uttarakhand state since it collapsed on Nov. 12. The men have been getting food, water, light, oxygen and medicines through a pipe but efforts to dig a tunnel have run into a series of snags with machines. "Rat mining" is a primitive, hazardous and controversial method used in India mostly to remove coal deposits through narrow passages. Mishra visited the site and spoke to the trapped men through a communication link.

Persons: Rakesh Rajput, Francis Mascarenhas, Harpal Singh, Mahmood Ahmad, Narendra Modi's, P.K, Mishra, Sakshi Dayal, YP Rajesh, Ed Osmond Organizations: Reuters, REUTERS, Government, Organisation, Authorities, YP, Thomson Locations: SILKYARA, India, Uttarakhand, Uttarkashi, Char, New Delhi

☆ Indian rescuers, two weeks after tunnel collapse, try new tack to reach 41 workers
▼ + stars: | 2023-11-26 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/5] Heavy machinery is used amid rescue operations after workers got trapped in a collapse of an under-construction tunnel, in Uttarkashi, in the northern state of Uttarakhand, India, November 26, 2023. REUTERS/Francis Mascarenhas Acquire Licensing RightsSILKYARA, India, Nov 26 (Reuters) - Indian rescuers began drilling vertically on Sunday from the top of a mountain under which 41 workers became trapped two weeks ago while working on a highway tunnel in the Himalayas, government officials said. The men, construction workers from some of India's poorest states, have been stuck in the 4.5-km (3-mile) tunnel being built in Uttarakhand state since it caved in early on Nov. 12. But rescuing them will take much longer than previously hoped as rescuers have switched to manual drilling following damage to the drilling machine, officials said on Saturday. Initially, the rescue plan involved pushing a pipe wide enough to pull the trapped men out on wheeled stretchers.

Persons: Francis Mascarenhas, Deepak Patil, Priyanka Chaturvedi, Mayank Bhardwaj, Nick Macfie Organizations: REUTERS, Authorities, Rescuers, Reuters, Sunday, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ India markets regulator to oversee online platforms offering fraction real estate assets
▼ + stars: | 2023-11-25 | by ( Jayshree P Upadhyay | ) www.reuters.com time to read: +2 min

A man walks past the Securities and Exchange Board of India (SEBI) headquarters in Mumbai, India, April 19, 2023. REUTERS/Francis Mascarenhas Acquire Licensing RightsMUMBAI, Nov 25 (Reuters) - The board of India's markets regulator on Saturday said it will regulate online platforms offering fractional ownership of real estate assets, and such platforms will be registered under a framework for small and medium real estate investment trusts. In a statement after its quarterly board meeting, the Securities and Exchange Board of India (SEBI) also said that fresh investments by alternative investment funds would be stored electronically from Sept. 2024. But Buch said the rise in equity derivatives trading did not pose any systemic concerns. Concerns regarding SEBI's plan to allow same-day settlement of equity market trades to help retail investors were "exaggerated”, Buch said.

Persons: Francis Mascarenhas, Madhabi Puri Buch, Buch, SEBI, Jayshree, Krishn Kaushik, Alexandra Hudson, Christina Fincher Organizations: Securities and Exchange Board of India, REUTERS, Rights, National Stock Exchange, Thomson Locations: Mumbai, India, Rights MUMBAI

The deadline to submit takeover bids ends on Tuesday, and the sources told Reuters Jindal had decided against bidding after evaluating the airline's financial statements. "The EoI was largely to check the valuation of the airline and get access to the company's data," said one of the sources. Jindal Power and Go First's resolution professional did not reply to emails seeking comment. The Central Bank of India (CBI.NS), Bank of Baroda (BOB.NS), IDBI Bank (IDBI.NS) and Deutsche Bank (DBKGn.DE) are among the top creditors to the airline. Both bankers said the liquidation of the airline was now the most likely option as there were no serious bidders.

Persons: Francis Mascarenhas, India's, Reuters Jindal, Jindal, Banks, Siddhi Nayak, Sarita Chaganti Singh, Miral Organizations: REUTERS, Rights, India's Jindal Power Ltd, Reuters, Jindal Power, Bankers, Central Bank of India, Bank of Baroda, IDBI Bank, Deutsche Bank, Siddhi, Thomson Locations: Shivaji, Mumbai, India, Rights MUMBAI, Bank, BOB.NS, Delhi

☆ Indian shares set for muted opening; TCS, Cipla in focus
▼ + stars: | 2023-11-20 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBANGALORE, Nov 20 (Reuters) - Indian shares are set to open on a slightly muted note on Monday, with a focus on the global interest rate outlook after a more than 3% rally so far this month. The NSE Nifty 50 index (.NSEI) gained 1.58% last week, its best in two months, while the Sensex rose 1.37%. "Market is expected to continue its upward movement driven, by robust macro data and diminishing global concerns," SMC Global Securities said in a note. In global markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.3%, with investors awaiting minutes of the Fed's last meeting.

Persons: Francis Mascarenhas, Nifty, Sohini Goswami Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, U.S . Federal, SMC Global Securities, India's Tata Consultancy Services, United, United States Food, Drug Administration, CFM Mozambique, General Tax Authority, Sethuraman NR, Thomson Locations: Mumbai, India, Rights BANGALORE, Asia, Pacific, Japan, United States, Qatar, Bengaluru

REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 16 (Reuters) - India's central bank on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth. Reuters GraphicsRBI Governor Shaktikanta Das said last month the central bank was closely monitoring some fast-growing personal loan categories for signs of stress. Subsequently, Reuters reported that the RBI was particularly concerned with the surge in small personal loans and was considering tighter rules for such borrowings. Unsecured personal loans increased 23% from a year ago as of Sept. 22, 2023, while outstanding amounts on credit cards jumped nearly 30%, central bank data shows. "In particular, limits shall be prescribed for all unsecured consumer credit exposures," the central bank said.

Persons: Francis Mascarenhas, Dhananjay Sinha, Shaktikanta Das, Transunion, Systematix, Sinha, Siddhi Nayak, Ira Dugal, Shinjini Ganguli, Dhanya Ann Thoppil Organizations: Bank of India, REUTERS, Rights, Reserve Bank of, NBFCs, Systematix Research, Reuters, Siddhi, Sethuraman NR, Thomson Locations: Mumbai, India, Reserve Bank of India, Bengaluru

Regulators have so far not mandated any minimum net worth or investor qualifications for those trading stock options, and the stock markets almost always rise each year - both recipes for higher risk-taking and complacency. The "stark" increase in daily options trading turnover raises issues of investor protection, said Ajay Tyagi, former SEBI chief. The platform has seen an uptick in futures and options trading activity, Zerodha said in response to Reuters queries. Siddharth Joshi, a 36-year old from Surat in western India, said he lost 200,000 rupees trading options on Adani Enterprises (ADEL.NS) shares in January. "In options trading, I know my loss is capped but there is an opportunity to make maximum profit," he said.

Persons: Francis Mascarenhas, Mihir Vora, SEBI, Ashish Chauhan, Ajay Tyagi, Kailash, Bhavesh Shah, Shah, Zerodha, Siddharth Joshi, he's, Ira Dugal, Vidya Ranganathan, Raju Gopalakrishnan Organizations: Bombay Stock Exchange, REUTERS, Rights, Securities, Exchange Board of India, Trust Mutual Fund, National Stock Exchange of India Ltd, BSE Ltd, Reuters, Axis Mutual Fund, National Stock Exchange, Adani Enterprises, Thomson Locations: Mumbai, India, Rights MUMBAI, South Korea, Bhavesh, Ahmedabad, Surat

A billboard for the Netflix film "Thar" is seen on a street in Mumbai, India, May 19, 2022. "Every broadcaster or broadcasting network operator must establish a Content Evaluation Committee (CEC) with members from various social groups," stated the draft law document, which is open for public consultation for 30 days. The proposal however comes at a time of increasing scrutiny of streaming companies in India over content-related issues. Under the new proposed law, the federal government "can define the CEC's size, quorum, and operational details" and only those shows shall be broadcast that are "duly certified" by such a committee, the draft law stated. The law will also provide powers to the government to regulate any online creator or news media platform, Gupta added.

Persons: Francis Mascarenhas, Anurag Thakur, Apar Gupta, Gupta, Aditya Kalra, David Evans Organizations: Netflix, REUTERS, Disney, Media Partners, Reuters, Thomson Locations: Mumbai, India, DELHI, New Delhi

☆ LSEG says FX system briefly impacted by technical glitch, it is investigating
▼ + stars: | 2023-11-10 | by ( Swati Bhat | ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas//o/File Photo Acquire Licensing RightsMUMBAI, Nov 10 (Reuters) - Financial technology and data provider LSEG said on Friday it had resolved a technical incident that affected its Indian foreign exchange trading platform earlier in the day and was investigating what had happened. Whether standard operating procedures were followed and a business continuity plan was put in place when the system went down". "They are keen to find out if the issue was due to a system failure or some human error," the source said. Six traders said there was a system outage for about 10 minutes on the spot dollar/rupee trading platform during which they had been unable to transact. LSEG said earlier on Friday that all indices compiled by FTSE Russell, which it also owns, were hit by a technical issue that prevented them being published for forty minutes.

Persons: Francis Mascarenhas, LSEG, Swati Bhat, Alun John, Jon Boyle, Catherine Evans Organizations: Bank of India, REUTERS, Rights, Reuters, Reserve Bank of India, FTSE Russell, London Stock Exchange Group, Thomson Reuters, Thomson Locations: Mumbai, India, Rights MUMBAI, LSEG, London

☆ India’s gamified equities are a wake-up call
▼ + stars: | 2023-11-08 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

The result is an acceleration of Indian savings away from gold and real estate into financial products. However, it is also leading to what Ashish Gupta, chief investment officer at Axis Bank’s mutual fund, dubs “the gamification of Indian equities”. A frenzy for index options has driven up volume in the derivatives market to the tune of $4.3 trillion a day. Retail traders made up a higher share of equity derivatives turnover than their institutional counterparts on the National Stock Exchange between 2017 and 2021. Whatever the fix, it’s a reminder that India’s digital leapfrog which other developing countries are urgently trying to replicate has a dark side too.

Persons: Francis Mascarenhas, Ashish Gupta, Gupta, weren’t, Ananth Narayan, SEBI, Nithin Kamath, Zerodha, Lalit Keshre, Una Galani, Thomas Shum Organizations: Bombay Stock Exchange, REUTERS, Rights, Reuters, National Stock Exchange, Tiger, Securities, Exchange Board of India, Thomson Locations: Mumbai, India, U.S

☆ Indian shares rise as falling oil prices boost energy stocks
▼ + stars: | 2023-11-08 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 8 (Reuters) - Indian shares rose on Wednesday, led by energy stocks, as crude prices fell, while a drop in high weightage financials after a recent rise capped gains. The NSE Nifty 50 index (.NSEI) was up 0.23% at 19,451.10 as of 10:07 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.14% to 65,027.13. "Moderation in U.S. bond yields, positive earnings and a drop in crude oil prices are positive for the markets," said analysts at Centrum Institutional Research. Ten of the 13 major sectors rose, with energy (.NIFTYENR) and oil & gas (.NIFYOILGAS) rising 0.5% and 1%, respectively. ICICI Bank (ICBK.NS), SBI Life Insurance (SBIL.NS), Bajaj Finance (BJFN.NS), Kotak Mahindra Bank (KTKM.NS) were among the top Nifty 50 losers, shedding between 0.3% and 0.8%.

Persons: Francis Mascarenhas, Powell, Brent, Bharath Rajeswaran, Dhanya Ann Thoppil, Sohini Goswami, Nivedita Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Centrum Institutional Research, Bharat Petroleum Corporation, ICICI Bank, SBI Life Insurance, Bajaj Finance, Kotak Mahindra Bank, Wall, U.S, Treasury, Nasdaq, Apollo Tyres, Prestige Estate, Thomson Locations: Mumbai, India, China, Bengaluru

☆ India's aviation watchdog proposes less work, more rest for pilots - draft
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Francis Mascarenhas Acquire Licensing RightsNEW DELHI, Nov 4 (Reuters) - India's air safety watchdog proposes reduced night work hours and more rest for pilots, among measures to address rising complaints of pilot fatigue, according to draft regulations seen by Reuters on Saturday. The proposal from the Directorate General of Civil Aviation come more than two months after it decided to conduct a review of pilot fatigue data collected during spot checks and surveillance of airlines. The review was launched after an IndiGo (INGL.NS) pilot collapsed and died in August before his flight. Changes would include cutting the maximum flight duty period to 10 hours from 13 hours for pilots operating at night, and increasing the minimum weekly rest period to 48 hours from 36 hours. IndiGo, India's biggest airline, has said the pilot who died had a 27-hour break before duty and was in good health.

Persons: Francis Mascarenhas, Aditi Shah, YP Rajesh, William Mallard Organizations: IndiGo, REUTERS, Reuters, Civil Aviation, Tata, Air, India's, YP, Thomson Locations: Chhatrapati Shivaji International, Mumbai, India, DELHI, Air India

☆ Metals lead rise in Indian shares amid global rebound
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: 1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsBENGALURU, Oct 25 (Reuters) - Metals led Indian shares higher amid a rebound in global stocks, as U.S. Treasury yields eased and crude oil prices moderated below $90 per barrel. The NSE Nifty 50 index (.NSEI) was up 0.25% at 19,329.35 as of 9:16 a.m. IST, and the S&P BSE Sensex (.BSESN) rose 0.28% to 65,744.08. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, Metals, Treasury, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru

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