Reuters India

By Biplob Kumar Das BENGALURU (Reuters) -India’s Bajaj Auto beat expectations on Tuesday, reporting a nearly 42% increase in first-quarter profit on robust domestic demand for its commercial vehicles even as weak exports continued to drag sales. Demand pick-up in rural areas and a prolonged wedding season in the country amid some ease in inflation …

India’s Bajaj Auto posts Q1 profit jump on commercial vehicle sales; exports drag Read More »

NEW DELHI (Reuters) -India has suspended a drugmaker’s manufacturing licence after the World Health Organization flagged contamination in its cough syrups found in the Mashall Islands and Micronesia in April, the government told the parliament on Tuesday. Indian regulators are inspecting drugmakers after cough syrups made in the country were linked to at least 89 …

India suspends another drugmaker’s licence over tainted cough syrup Read More »

BENGALURU (Reuters) -Tata Motors will cancel its ‘A’ ordinary shares, currently trading at a steep discount to the ordinary shares, reducing its overall share count by 4.2%, the automaker said on Tuesday, in its latest move to simplify its securities structure. Tata Motors is the only major listed company with ‘A’ ordinary shares, which, in …

Tata Motors to cancel ‘A’ ordinary shares in latest securities rejig Read More »

BENGALURU (Reuters) -India’s Larsen & Toubro reported a better-than-expected first-quarter profit on Tuesday, boosted by strong performance at its core engineering and construction business, and approved buyback of shares worth up to 100 billion rupees ($1.22 billion). L&T’s consolidated net profit after tax surged 46.5% to 24.93 billion rupees for the quarter ended June 30. …

India’s Larsen & Toubro posts Q1 profit beat, approves $1.22 billion share buyback Read More »

By Manoj Kumar NEW DELHI (Reuters) – The Indian state of Rajasthan has approved a bill to impose a surcharge on online transactions via platforms like Amazon, Ola and Zomato to fund welfare benefits for gig workers, the first such scheme in the country. The number of gig workers has grown sharply in India to …

India’s Rajasthan plans online surcharge for gig workers’ welfare fund Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee will be looking to rise further versus the U.S. dollar on Tuesday, on back of rise in Asian currencies and positive risk mood. Non-deliverable forwards indicate rupee will open little changed or slightly higher the dollar, having reached a three-week high of 81.8150 on Monday on …

Indian rupee looks to build on momentum on positive Asian cues Read More »

BENGALURU (Reuters) – Indian shares are set to open lower on Tuesday after pulling back from all-time high levels over the last two sessions, as profit taking emerged ahead of the U.S. Federal Reserve’s monetary policy decision on Wednesday. India’s GIFT Nifty on the NSE International Exchange was down 0.10% at 19,718.50 as of 8:05 …

Indian shares set to open lower amid consolidation ahead of Fed decision Read More »