(Reuters) – India is expected to receive investments worth $87 billion in the next decade to meet the nation’s rising demand for petrochemicals, the country’s oil minister Hardeep Singh Puri said on Friday. “As more citizens enter the middle class, the demand for a diverse range of products, many of which are derived from petrochemicals, …
By Shrivathsa Sridhar BENGALURU (Reuters) – New Zealand’s Rachin Ravindra pumped his fists and flashed a big smile to acknowledge the loud applause that followed his century in the first test against India on Friday, as adoring Bengaluru fans celebrated like he was one of their own. The 24-year-old had every reason to soak up …
Cricket-Born in New Zealand, roots in Bengaluru: Ravindra celebrates special ton Read More »
(Reuters) – India’s ICICI Lombard General Insurance reported a 20% increase in its second-quarter profit on Friday, aided by higher premiums in its motor and health insurance units. The company’s profit after tax rose to 6.94 billion rupees ($82.6 million) for the three months ended Sept. 30 from 5.77 billion rupees a year earlier. Analysts …
Indian insurer ICICI Lombard’s Q2 profit jumps on strong motor, health segments Read More »
By Aditya Kalra NEW DELHI (Reuters) -All live sporting events streamed by the newly merged Disney-Reliance business in India, including popular Indian Premier League (IPL) cricket, will only be available on Disney’s Hotstar app, three sources familiar with the matter told Reuters. The decision marks the first major integration of the businesses and signals billionaire …
India’s Disney-Reliance JV to stream live sports only on Hotstar, sources say Read More »
MUMBAI (Reuters) – The head of India’s central bank said on Friday that it would be “very premature” and risky to lower interest rates at this stage. While inflation is expected to moderate going forward, the central bank would only think of rate cuts when it has confidence that inflation is durably aligned to its …
Interest rate cut at this stage would be ‘premature,’ India cenbank chief says Read More »
BENGALURU (Reuters) – India’s Jindal SAW reported a rise in second-quarter profit on Friday, as demand in its key Middle East and North Africa (MENA) markets remained steady while expenses came in nearly flat. The company, which makes steel pipes for the energy, transportation and water sectors, said its consolidated profit after tax grew 32.5% …
India’s Jindal SAW posts 32.5% jump in Q2 profit Read More »
By Haripriya Suresh BENGALURU (Reuters) – Indian educational technology company Eruditus has raised $150 million in a new funding round led by private equity firm TPG, at a time when the funding environment for edtech companies has been subdued. Eruditus’ Series F round, which also saw the participation of existing backers SoftBank, Leeds Illuminate, Accel, …
India’s Eruditus raises $150 million in TPG-led funding round Read More »
(Reuters) – India’s Tata Consumer Products reported second-quarter profit above estimates on Friday, as the salt-to-spices maker benefited from higher demand for its packaged food amid a pickup in rural demand. The Tata group-owned company reported a near-8% jump in consolidated net profit to 3.64 billion rupees ($43.3 million) for the three months ended Sept. …
India’s Tata Consumer beats Q2 profit estimates on higher demand for packaged food Read More »
By Shrivathsa Sridhar BENGALURU (Reuters) -Rachin Ravindra smashed a game-changing century as New Zealand posted 402 all out for a substantial first-innings lead of 356 runs over India, who responded by reaching 231-3 at stumps on the third day of the rain-affected opening test on Friday. Resuming on 180-3 at a sun-drenched M Chinnaswamy Stadium, …
Cricket-Ravindra revels in ton as New Zealand rattle India with 402 Read More »
(Reuters) – Indian broadcaster Zee Entertainment Enterprises posted a fall in second-quarter adjusted profit on Friday, although a sharp drop in expenses lifted its margins, sending shares to close 5.3% higher. Zee, whose $10 billion merger with Sony’s Indian unit fell through earlier this year, reported a core profit margin of 16% for the quarter …
Indian broadcaster Zee’s Q2 margin jumps, lifting shares Read More »
