By Neha Arora and Sethuraman N R NEW DELHI (Reuters) -India’s Tata Steel Ltd expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on Tuesday. “In India, the Q2 (July-September) realisation …
India’s Tata Steel CEO says prices to ease in Q2 Read More »
(Reuters) – India captain Harmanpreet Kaur will miss two international matches and be fined 75% of her match fee following two breaches of the International Cricket Council’s (ICC) Code of Conduct, the sport’s governing body said on Tuesday. The 34-year-old also received three demerit points on her disciplinary record after she expressed frustration over her …
Cricket-Indian skipper Kaur suspended by ICC for Code of Conduct breaches Read More »
By Brijesh Patel (Reuters) – Gold prices rose on Tuesday on a steady dollar and expectations the U.S. Federal Reserve will likely end its monetary tightening cycle after a widely expected rate hike this week. Spot gold was up 0.4% at $1,962.30 per ounce by 2:03 p.m. EDT (1803 GMT), while U.S. gold futures settled …
Gold firms on steady dollar as spotlight shifts to Fed meeting Read More »
By M. Sriram MUMBAI (Reuters) – U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a more favoured suitor than Zurich Insurance Group, two people with direct knowledge of the discussions said. Chubb has an edge over Zurich because it is more amenable to leaving …
Chubb seeks 49% of India’s Kotak General Insurance, has edge over Zurich -sources Read More »
(Reuters) – India will host world test champions Australia in a one-day international (ODI) series ahead of the World Cup before taking on England in test matches, the Board of Control for Cricket in India (BCCI) said on Tuesday. The Indian team is set to play 16 international matches, including five tests, three ODIs and …
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By Krishna N. Das NEW DELHI (Reuters) – India’s pharmaceutical exports this fiscal year are set to grow nearly twice as fast as last year to hit sales of $27 billion, driven by strong U.S. buying, a government-backed trade body told Reuters, despite deaths linked to Indian-made cough syrups. The robust forecast comes against the …
Exclusive-India pharma exports surging despite cough syrup deaths – trade body Read More »
By Nandan Mandayam BENGALURU (Reuters) -Tata Motors, India’s largest automaker by revenue, comfortably beat quarterly profit expectations on Tuesday, helped by strong demand for its luxury Jaguar Land Rover (JLR) cars and as supply chain issues improved further. The UK-based JLR unit, which accounted for 70% of Tata Motors’ revenue, has benefited from strong demand …
India’s Tata Motors profit races past estimates on strong JLR sales Read More »
BENGALURU (Reuters) – India’s casino operator Delta Corp reported a 19% rise in first-quarter profit on Tuesday as higher demand for casino gaming more than offset climbing costs. The Pune-based company’s consolidated net profit for the quarter ended June 30 rose to 679.1 million rupees ($8.30 million) from 571.3 million rupees a year earlier, it …
India’s Delta Corp posts higher profit on sustained casino demand Read More »
WASHINGTON (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas told a news conference that India’s restriction would have a similar effect of the suspension of the Ukraine Black Sea grain …
IMF: India’s rice restrictions could fuel food price inflation Read More »
BENGALURU (Reuters) – India’s SBI Life Insurance Co reported a 45% surge in its first-quarter profit on Tuesday, aided by higher income from premiums. SBI Life, one of India’s largest life insurers, said its profit after tax for the quarter ended June 30 rose to 3.81 billion rupees ($46.53 million) from 2.63 billion rupees, a …
India’s SBI Life reports 45% rise in Q1 profit on higher premiums Read More »
