(Reuters) – India’s Mohammed Shami led an incredible bowling performance as his team beat New Zealand by eight wickets to seal the one-day international series with a game to spare in Raipur on Saturday. India got off to a solid start as they reduced New Zealand to 15-5 inside 11 overs after a top-order batting …
Cricket-Shami shines as India beat New Zealand by eight wickets to seal series Read More »
MUMBAI (Reuters) – India’s Yes Bank reported a surprise 80% plunge in quarterly profit on Saturday as provisions for bad loans increased. Net profit fell to 515.20 million rupees ($6.36 million) for the three-months ending December 31, from 2.66 billion rupees in the year-earlier period. Analysts had expected profit to rise to 3.36 billion rupees, …
India’s Yes Bank reports surprise 80% plunge in quarterly profit Read More »
MUMBAI(Reuters) – India’s ICICI Bank on Saturday reported a 34.2% increase in net profit for the October-December quarter, on the back of improved revenues and healthy loan growth. Net profit for the quarter was 83.12 billion Indian rupees ($1.03 billion) up from 61.94 billion rupees in the same quarter a year earlier. That was in …
India ICICI Bank’s profit jumps 34% in October-December Read More »
MUMBAI (Reuters) -India’s Kotak Mahindra Bank reported a 31% increase in net profit on Saturday for the October-December quarter, aided by a strong top line and healthy loan growth. The lender’s net profit reached 27.92 billion rupees ($344.2 million), compared with 21.31 billion in the same period last year and with an average analyst expectation …
India’s Kotak Mahindra Bank quarterly net profit jumps 31% Read More »
MUMBAI (Reuters) – India’s Yes Bank has “strong” legal grounds to appeal against a court order quashing the write-off of its additional Tier-1 (AT1) bonds, Chief Executive Officer Prashant Kumar said on Saturday. “The judgment in itself is not questioning the regulatory guidelines in terms of writing off (AT1 bonds). I think there are questions …
India’s Yes Bank has ‘strong’ grounds to appeal ATI bonds court order, CEO says Read More »
By Sriram Mani MUMBAI (Reuters) – India’s Adani Group, which is controlled by billionaire Gautam Adani, said it plans to spin off more businesses by 2028 and dismisses any debt concerns. The corporate house plans to spin off, or demerge, its metals, mining, data centre, airports, roads and logistics businesses, said Chief Financial Officer Jugeshinder …
India’s Adani Group plans to demerge more business; dismisses debt concerns Read More »
BEIJING (Reuters) – The possibility of a big COVID-19 rebound in China over the next two or three months is remote as 80% of people have been infected, a prominent government scientist said on Saturday. The mass movement of people during the ongoing Lunar New Year holiday period may spread the pandemic, boosting infections in …
China says COVID outbreak has infected 80% of population Read More »
CHENNAI (Reuters) – India’s top cement maker, UltraTech Cement, reported a 38% decrease in quarterly profit on Saturday, dented by a surge in expenses. Profit for the three months through December fell to 10.62 billion rupees ($131.2 million) from 17.10 billion rupees the same period a year earlier, UltraTech said in an exchange filing. Expenses …
India’s UltraTech Cement quarterly profit falls 38% Read More »
By Kwang JirapornKuhakan PHUKET, Thailand (Reuters) – An elephant camp in Thailand has purchased six new jumbos to welcome tourists and returning Chinese visitors, offering activities from elephant rides to elephant showers, the owner said. Pang Chang Kamala Elephant Camp on the resort island of Phuket is also adding programmes such as elephant care due …
Thai elephant camp adds more jumbos as Chinese tourists return Read More »
BENGALURU (Reuters) -Jaguar Land Rover (JLR) on Monday forecast free cash flow for the third quarter at more than 400 million pounds ($485 million), after reporting a 15% rise in wholesale volumes for the period on strong demand and improved chip supply. The British automaker, in its earnings statement for the second quarter, had forecast …
Jaguar Land Rover sees Q3 free cash flow above $485 million Read More »
