MUMBAI (Reuters) – India should allow exports of 1 million metric tons of a premium non-basmati rice variety favoured by overseas Indians, which are struggling to secure staple after New Delhi banned the exports, a leading trade body requested the government. The world’s biggest exporter of rice surprised buyers last month by imposing a ban …
India should exclude premium rice variety from export ban -trade body Read More »
BENGALURU (Reuters) – Indian jeweller Tribhovandas Bhimji Zaveri reported a nearly five-fold jump in first-quarter profit on Tuesday, as higher margins from premium pricing and lower expenses banded together to make up for its first revenue fall in 10 quarters. The company said its consolidated net profit rose to 113.7 million Indian rupees ($1.38 million) …
India’s Tribhovandas Bhimji Zaveri posts five-fold jump in Q1 profit Read More »
NEW DELHI (Reuters) -The Indian government has ordered a drugmaker whose cough syrup was linked to the deaths of at least six children in Cameroon to stop manufacturing, it said on Tuesday, the fourth Indian company to face a crackdown over tainted medicines. The move comes as Indian regulators step up inspections at drugmakers after …
India orders drugmaker linked to Cameroon cough syrup deaths to stop manufacturing Read More »
By Sakshi Dayal NEW DELHI (Reuters) -At least five people, including two police personnel, were killed in clashes between Hindus and Muslims that erupted on Monday around 50 km (30 miles) south of the Indian capital New Delhi, police officials told Reuters. The violence erupted after a Hindu religious procession passed through the Muslim dominated …
At least five killed in Hindu-Muslim clashes south of New Delhi Read More »
CHENNAI (Reuters) – India’s Redington reported a 21% fall in quarterly profit on Tuesday, as the technology devices distributor wrestled with higher expenses at a time when demand for work-from-home equipment also slowed. The Chennai-based company, which distributes IT products of global giants like Apple and Dell Technologies, said net profit dropped to 2.49 billion …
India’s Redington’s quarterly profit falls as expenses mount Read More »
By Nikunj Ohri, Shivangi Acharya and Aftab Ahmed NEW DELHI (Reuters) – As Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter. Tesla has been in talks …
India asks Tesla to copy Apple in pairing Chinese, Indian suppliers -sources Read More »
By Biplob Kumar Das BENGALURU (Reuters) – India’s Godrej Agrovet Ltd reported a 27.3% rise in first-quarter profit on Tuesday, aided by lower costs and growth in its animal feed and crop protection businesses. The company’s consolidated net profit rose to 1.05 billion rupees ($12.8 million) in April-June, from 827.1 million rupees a year ago. …
India’s Godrej Agrovet posts higher Q1 profit as costs drop Read More »
BENGALURU (Reuters) – India’s Thermax on Tuesday posted a smaller-than-expected 1.7% rise in first-quarter profit, dragged by slow sales growth and an exceptional cost due to ongoing litigation. The company posted a consolidated net profit of 599.5 million rupees ($7.3 million) for the quarter ended June 30, compared to analysts’ estimate of 1.04 billion rupees …
India’s Thermax misses Q1 profit view on weak sales growth, exceptional cost Read More »
BENGALURU (Reuters) – India’s Adani Total Gas reported a nearly 9% rise in first-quarter profit on Tuesday, helped by higher sales of compressed natural gas (CNG). The company, which distributes piped gas to various Indian cities, said consolidated profit rose to 1.50 billion rupees ($18.2 million) for the quarter ended June 30 from 1.38 billion …
India’s Adani Total Gas reports 9% rise in Q1 profit on higher CNG sales Read More »
BENGALURU (Reuters) -Officials from India’s financial crime fighting agency visited two offices of Hero MotoCorp and its chairman’s residence, the two-wheeler maker said in a statement on Tuesday. The company in an exchange filing said officials from the Enforcement Directorate visited its offices in Delhi and Gurugram as well as the residence of Chairman Pawan …
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