India's Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries. The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand.

Debt marketplace Yubi (formerly CredAvenue) has partnered with BSE-listed small business lending platform U GRO Capital.

BENGALURU – By far the world’s largest exporter of the cereal, India is the single biggest source of rice both for wealthy Middle Eastern countries like Saudi Arabia and the United Arab Emirates, and for developing nations in West Africa like Ghana, Benin and Togo. China, which started importing rice from India only a few years ago, now counts the South Asian nation as its single biggest supplier. Now, the food staple for more than half the planet could help India redeem itself after New Delhi’s ban on wheat exports last month sent shockwaves through the world at a time when the war in Ukraine has set off a global food crisis.

Manish Tiwary had only been in his new job as head of Amazon.com Inc.’s India business a couple of months when he faced a weighty decision: How aggressively should the US e-commerce giant bid for media rights to the Indian Premier League? Securing digital streaming rights to the cricket tournament would be a huge coup, potentially luring hundreds of millions of viewers to Amazon. In a stunning move, Amazon pulled the plug before the auction started. Tiwary and senior management in Seattle decided those billions would be better spent on Amazon’s e-commerce business.

Amazon.com Inc and India's Tata Group warned government officials on Saturday that plans for tougher rules for online retailers would have a major impact on their business models, four sources familiar with the discussions told Reuters. New rules limiting flash sales, barring misleading advertisements and mandating a complaints system, among other proposals, could force the likes of Amazon and Flipkart to review their business structures, and may increase costs for domestic rivals including Reliance Industries' JioMart, BigBasket and Snapdeal.

The India Pulses and Grains Association (IPGA) has predicted a strong possibility of shortage in pulses production, especially due to uncertainty over sowing this crop year due to the pandemic. India is most likely to face scarcity of pulses this year including masoor, chana and other pulses. There could be a shortage of around 10 lakh tonne in the production of tur this year, he said.

The index has to cross and hold above 14,750 to witness an up move towards 14,900 and 15,000, while on the downside, support exists at 14,600 and 14,500 levels, say experts.

NEW DELHI - Amazon.com Inc has asked India's market regulator to investigate Future Retail Ltd for insider trading, a letter seen by Reuters showed. The Nov. 8 letter to Sebi alleges Future Retail disclosed to Reliance price sensitive details of an injunction granted by a Singapore arbitrator to block the deal.

JACKSON HOLE - The Federal Reserve on Thursday rolled out a sweeping rewrite of its approach to its dual role of achieving maximum employment and stable prices, putting new weight on bolstering the U.S. labor market and less on worries about too-high inflation. It promises to aim for 2% inflation on average, so that periods of too-low inflation would likely be followed by an effort to lift inflation “moderately above 2% for some time.”

The change suggests the U.S. central bank’s key overnight interest rate, already near zero, will stay there for potentially years to come as policymakers woo higher inflation.

It is important to be debt-free. Having to pay EMIs when your income stops is like retiring with a millstone around your neck.