By Jayshree P Upadhyay (Reuters) -India’s market regulator on Monday barred Punit Goenka from the boards of four Zee Group companies, including Zee Entertainment Ltd, and questioned his proposed role in the planned merger between ZEEL and the Indian unit of Japan’s Sony Group. The Securities and Exchange Board of India (SEBI) also said in …
Indian regulator bars Zee’s Goenka, questions role in merged entity Read More »
(Reuters) – India and the United Arab Emirates have started settling bilateral trade in their local currencies with India’s top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday. Indian Oil Corp made payment to Abu Dhabi National Oil Company …
India makes first crude oil payment to UAE in Indian rupees Read More »
BENGALURU (Reuters) – Indian telecom operator Vodafone Idea said on Monday a shareholder had committed to provide up to 20 billion rupees ($240.54 million) to the company to meet its payment obligations. The company’s total gross debt as of June 30 stood at 2.12 trillion rupees, comprising deferred spectrum payment obligations of 1.34 trillion rupees …
India’s Vodafone Idea secures $240 million to meet payment obligations Read More »
BENGALURU (Reuters) – India’s Vodafone Idea reported a wider first-quarter loss on Monday, dragged by weak 4G subscriber growth and higher expenses. The company’s consolidated loss after tax stood at 78.40 billion rupees ($942.8 million) for the quarter ended June 30, compared to a loss of 72.97 billion rupees a year ago. Formed in August …
India’s Vodafone Idea reports wider Q1 loss on weak 4G subscriber growth Read More »
BENGALURU (Reuters) – India’s PC Jeweller reported a quarterly loss for a third straight quarter on Monday, hurt by a plunge in sales as the company remains embroiled in a legal tangle with multiple banks. The company reported a consolidated net loss of 1.72 billion rupees ($20.68 million) in the first quarter ended June 30 …
India’s PC Jeweller posts third straight quarterly loss on mounting legal battles Read More »
By Rajendra Jadhav and Brijesh Patel MUMBAI (Reuters) – India’s palm oil imports in July jumped 59% from the previous month to 1.08 million metric tons, the highest in seven months, as refiners took advantage of lower prices to increase purchases, a trade body said on Monday. Higher imports by India, the world’s biggest buyer …
India’s July palm oil imports hit 7-month high as refiners boost purchases Read More »
(Reuters) -India’s ITC Ltd reported a better-than-expected profit in the first quarter on Monday as it kept a tight lid on expenses and saw strong demand for consumer goods in its urban and rural markets. Net profit at the cigarettes-to-hotels conglomerate rose 17.6% to 49.03 billion rupees ($590.28 million) in the three months ended June …
India’s ITC Q1 profit tops view on lower costs, better demand Read More »
By Arpan Chaturvedi NEW DELHI (Reuters) -India’s top court has asked airline SpiceJet’s managing director Ajay Singh to appear before the court and respond to a contempt case by Credit Suisse over unpaid dues, a lawyer involved in the case told Reuters. Credit Suisse in March approached the top court seeking to initiate contempt proceedings …
India court summons SpiceJet chief over unpaid dues Read More »
BENGALURU (Reuters) – India’s Aster DM Healthcare reported a nearly 93% fall in its first-quarter profit on Monday, its fourth straight quarterly profit fall, dragged by losses from its new hospitals and a one-time tax expense. The company’s consolidated net profit fell to 49 million rupees (nearly $590,000) for the quarter ended June 30, compared …
India’s Aster DM posts 93% fall in Q1 profit on new hospital losses, taxes Read More »
By Aditi Shah NEW DELHI (Reuters) -Boeing has emerged as the front-runner to secure an order for around 25 wide-body planes from IndiGo, industry sources told Reuters on Monday, as India’s biggest airline deepens its international expansion with new destinations. IndiGo is in talks to buy Boeing’s 787 family of twin-aisle aircraft, which has been …
Boeing front-runner in wide-body jet talks with IndiGo -sources Read More »
