Reuters India - Squid Business

India Supreme Court to monitor investigations into Manipur sexual violence cases

By Krishn Kaushik NEW DELHI (Reuters) -India’s Supreme Court said on Monday it will monitor all cases of violence against women committed during three months of sectarian clashes in the northeastern state of Manipur since May. A three-judge bench headed by Chief Justice of India D.Y. Chandrachud said it will appoint a retired senior police …

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India’s Max Healthcare posts 39% rise in Q1 profit

BENGALURU (Reuters) – India’s Max Healthcare Institute reported a nearly 39% rise in its first-quarter profit on Monday, aided by increased bed additions. The healthcare services provider said consolidated profit rose to 2.40 billion rupees ($29 million) for the quarter ended June 30 from 1.73 billion rupees a year earlier. Max Healthcare’s bed occupancy stood …

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Rupee snaps 4-day losing streak, but upside seen limited

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee strengthened on Monday, snapping a four-day losing streak, but continued to trade in a narrow range due to demand from importers and rising concerns about elevated crude oil prices. The rupee ended at 82.74 per dollar, gaining 0.12% on the day. The local currency had ended …

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Pharma, IT stocks lift Indian shares at the start of data-heavy week

By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -Indian shares rose on Monday, helped by pharma and information technology (IT) stocks, amid caution in a data-heavy week that includes the U.S. inflation print and the Reserve Bank of India’s monetary policy decision. The Nifty 50 index settled 0.41% higher at 19,597.30, while the S&P BSE …

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Whirlpool’s India unit posts fall in Q1 profit on soft demand

(Reuters) – Home appliances maker Whirlpool of India Ltd reported a 10.6% drop in first-quarter profit on Monday, impacted by softer demand. The company, known for its refrigerators, washing machines and air conditioners, said consolidated net profit for the three months ended June 30 fell to 748.8 million rupees ($9.05 million) from 837.3 million rupees …

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India’s Ramco Cements misses Q1 profit view as costs outweigh demand

By Hritam Mukherjee BENGALURU (Reuters) – India’s Ramco Cements on Monday missed first-quarter profit estimates, as mounting costs outpaced resilient demand. Net profit after tax fell 29.7% to 789.1 million rupees ($9.5 million) for the quarter ended June 30, far below analysts’ estimate of 1.29 billion rupees as per Refinitiv data. Many Indian cement makers …

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Cricket-Pakistan to send team to World Cup in India

By Charlotte Greenfield ISLAMABAD (Reuters) – Pakistan has decided to send its cricket team to India to participate in this year’s 50-over World Cup, the foreign office said on Sunday. The neighbouring countries, who share fraught relations, have played each other only in multi-team events at neutral venues over the last decade. “Pakistan has consistently …

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India’s Reliance expects to soon list shares of its financial unit

NEW DELHI (Reuters) – Reliance Industries Ltd hopes to soon list shares of its financial services unit, Reliance Jio Financial Services Ltd, to unlock value for shareholders, the company said in its annual report. “Jio Financial Services Ltd is positioned uniquely to capture the growth opportunities in financial services sector and play a crucial role …

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Robust rains accelerate rice planting in India

By Mayank Bhardwaj NEW DELHI (Reuters) – Indian farmers have planted 28.3 million hectares (69.9 million acres) with summer-sown rice, according to the farm ministry’s latest data, up 3.28% from the same period last year, as robust monsoon rains encouraged the expansion of acreage. Higher rice planting in India, the world’s second-biggest producer of the …

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Three people killed, houses set ablaze in fresh violence in India’s Manipur state

GUWAHATI (Reuters) – Three people were killed and houses set ablaze in fresh violence in India’s Manipur, police officials said late on Friday, as sporadic violence and killings continue in the remote northeastern state. The three people killed on Thursday night belonged to the majority Metei community in the state’s Bishnupur district, a police spokesperson …

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