(Reuters) -India captain Rohit Sharma cannot wait to welcome a fit-again Jasprit Bumrah back into the side before the 50-overs home World Cup, but is unsure whether he will have recovered from injury fast enough to be included in next month’s tour of Ireland. Pace spearhead Bumrah, who has not played international cricket since last …
Cricket-Rohit unsure if Bumrah fit enough to return for Ireland tour Read More »
BENGALURU (Reuters) – Indian logistics services provider Blue Dart Express on Thursday reported a drop in profit for the third quarter in a row, as reduced fuel costs were yet to show an impact, and demand was soft. The Deutsche Post-controlled company posted a consolidated net profit of 621.8 million rupees ($7.6 million) in the …
India’s Blue Dart Express reports over 48% decline in Q1 profit Read More »
BENGALURU (Reuters) – Top shareholders of Indian drugmaker Cipla are in talks to sell a part of their stake in the company to private equity players including Blackstone and Baring Asia, Moneycontrol reported on Thursday. The company is not aware of any event that requires disclosure under listing regulations, Cipla said in a exchange statement. …
Top shareholders of India’s Cipla looking to sell stake – report Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Shares of asset management companies declined on Thursday, a day after Jio Financial Services, part of the Mukesh Ambani-led Reliance Group said it will form a joint venture with U.S.-based BlackRock Inc to launch services in India. HDFC Asset Management, UTI Asset Management and Aditya Birla Sun Life AMC …
India’s asset managers slip on Jio Financial-BlackRock JV news Read More »
BENGALURU (Reuters) – Indian agricultural chemicals maker Coromandel International Ltd reported a marginal drop in first-quarter profit on Thursday, hurt by slowing demand. Consolidated net profit after tax for the quarter fell 1% to 4.94 billion rupees ($60.3 million) from 4.99 billion rupees a year earlier. Analysts, on average, expected a profit of 4.22 billion …
India’s Coromandel International posts Q1 profit fall on weak demand Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian refiner Bharat Petroleum Corp is still in talks with Russian oil major Rosneft to buy oil under a term deal, its head of finance said, adding that discounts on Russian oil are narrowing. “Yes, there were discussions happening with Rosneft but not yet concluded,” Vetsa Ramakrishna Gupta …
India’s BPCL still in talks for Russian oil deal, discounts narrow Read More »
BENGALURU (Reuters) – Shares of India’s Mahindra and Mahindra fell nearly 7% on Thursday after the conglomerate’s stake purchase in private lender RBL Bank raised concerns about the rationale of its capital allocation strategy. Analysts at Macquarie said that the investment and Mahindra’s intention to invest further in RBL creates near-term uncertainty around the company’s …
India’s Mahindra and Mahindra shares slump after RBL Bank stake buy stirs concern Read More »
MUMBAI (Reuters) -India’s Jio Financial Services, part of billionaire Mukesh Ambani led Reliance Group, and U.S.-based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a statement on Wednesday. …
India’s Jio Financial Services, BlackRock to launch asset management venture Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to appreciate slightly at open on Thursday helped by the dollar’s losses after what analysts say is likely to be the last rate hike by the U.S. Federal Reserve. Non-deliverable forwards indicate rupee will open at around 81.92-81.94 to the U.S. dollar compared with …
Rupee to rise post what is seen as Fed’s last rate hike Read More »
By Praveen Paramasivam and Munsif Vengattil CHENNAI, India (Reuters) -A Foxconn subsidiary is in talks with India’s Tamil Nadu state to invest up to $200 million to build a new plant for electronic components in the southern region, two sources with direct knowledge told Reuters on Wednesday. Brand Cheng, CEO of Foxconn Industrial Internet (FII), …
Foxconn unit in talks for $200 million components plant in India’s Tamil Nadu -sources Read More »
