BENGALURU (Reuters) – India’s Byju’s and its lenders, who own more than 85% of the edtech startup’s $1.2 billion term loan, have agreed to work towards amending that loan by Aug. 3, the steering committee of the creditors group said on Monday. The successful execution of the loan amendment would “immediately” solve for the loan’s …
India’s Byju’s, creditors agree to amend $1.2 billion loan terms Read More »
BENGALURU (Reuters) – India’s Mahindra Logistics swung to a loss in the first quarter on Monday, hurt by higher expenses and lukewarm demand. The freight carrier posted a consolidated net loss after tax of 85.5 million rupees ($1.04 million) in the three months ended June 30, compared with a profit of 135.2 million rupees a …
India’s Mahindra Logistics swings to loss on higher costs, weak demand Read More »
BENGALURU (Reuters) – India’s TVS Motor reported a bigger-than-expected rise in first-quarter profit on Monday, helped by strong demand for its two-wheelers, including its flagship electric scooter. The Apache motorbike maker reported a near 46% jump in profit to 4.68 billion rupees ($57.2 million) for the quarter ended June 30, beating analysts’ average estimate of …
India’s TVS Motor beats Q1 profit view on two-wheeler demand Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares declined on Monday, dragged by index heavyweights Reliance Industries after its quarterly earnings and ITC on demerger update. The Nifty 50 index slipped 0.37% to 19,672.35, while the S&P BSE Sensex closed 0.45% lower to 66,384.78. Nine of the 13 major sectoral indexes logged losses, with fast-moving …
Reliance Industries, ITC drag Indian shares down Read More »
By Milounee Purohit BENGALURU (Reuters) – India’s economy will grow at a solid pace for the rest of this fiscal year and next but well below its potential rate, according to a Reuters poll of economists who also said the employment situation will improve only slightly. The world’s most populous country aspires to leapfrog to …
India’s economy to hold top spot for GDP but not so much for jobs growth: Reuters poll Read More »
By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) – The Indian rupee will take cues from policy outcomes from major central banks as well as important U.S. data releases this week, while government bond yields will closely track the move in U.S. Treasuries based on the Federal Reserve’s guidance on rates. The rupee ended at …
India rupee, bond yields to take cues from Fed decision, guidance Read More »
By Sudarshan Varadhan and Nidhi Verma BAMBOLIM, India (Reuters) -The Group of 20 (G20) major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels following objections by some producer nations. Scientists and campaigners are exasperated by international bodies’ foot-dragging on action to curb global warming even as extreme weather …
G20 bloc fails to reach agreement on cutting fossil fuels Read More »
By Kanishka Singh WASHINGTON (Reuters) – The United States said on Sunday it was deeply concerned by reports of viral videos showing two women paraded naked in India’s northeastern state of Manipur, a sexual assault case that enraged the country. The assault, in which a mob allegedly raped and paraded the naked women, took place …
US deeply concerned by India sexual assault case in viral videos Read More »
By Akanksha Khushi (Reuters) -U.S.-based investment firm Bain Capital said on Sunday that it has entered into an agreement to acquire 90% of Adani Capital and Adani Housing, buying out all of the Adani family’s private investments in the company. Gaurav Gupta will retain the remaining 10% stake in Adani Capital and will continue to …
Bain to buy 90% stake in Adani Capital and Adani Housing Read More »
NEW DELHI (Reuters) – Indian rescuers have called off a search for survivors of a landslide that hit a village in the western state of Maharashtra on Thursday, killing at least 27 people, an official said. “They have been called off and closed” the operation, S.B. Singh, of the National Disaster Response Force, told Reuters …
Indian village landslide search called off, with death toll at 27 Read More »
