(This July 22 story has been corrected to remove an incorrect reference to the Paytm app’s ranking in paragraph 2) BENGALURU (Reuters) – Indian digital payments firm Paytm reported a 39% rise in quarterly revenue, helped by soaring demand for loans. Paytm parent One 97 Communications Ltd reported late on Friday that revenue rose 39% …
India’s Paytm says quarterly revenue rises 39% as loan demand soars Read More »
By Indranil Sarkar and Aby Jose Koilparambil BENGALURU (Reuters) -U.S. big-bike maker Harley-Davidson and British rival Triumph have revved up India’s premium motorcycle market with aggressively priced models that analysts said could dent the over half-century dominance of local champion Royal Enfield. The duo surprised the industry this month by unveiling their cheapest models globally …
Harley-Davidson, Triumph in first gear of challenge to Royal Enfield’s India reign Read More »
(Reuters) – West Indies captain Kraigg Brathwaite scored 75 on a lifeless Port of Spain wicket on Saturday as the determined hosts batted through the rain-hit third day of their second test against India to reach 229-5. Having resumed on 86-1, Brathwaite showed plenty of patience to bring up his 29th test half-century off 170 …
Cricket-West Indies dig deep to frustrate India on rain-hit third day Read More »
By Siddhi Nayak MUMBAI (Reuters) – The death toll from a landslide in India’s western state of Maharashtra rose to 26 on Saturday, a disaster relief official said, with dozens still feared trapped under layers of mud and slush two days after the incident. The landslide occurred on Thursday night in the remote mountain hamlet …
Death toll in Indian landslide rises to 26, dozens more feared trapped Read More »
By Martyn Herman HOYLAKE, England (Reuters) – Shubhankar Sharma is on track to post the best ever finish by an Indian at the Open after competing his third round in a tie for ninth place at drizzly Royal Liverpool on Saturday. The 27-year-old compiled a round of 70 and finished on four under par, eight …
Golf-Sharma eyeing best finish by Indian at Open Read More »
By Siddhi Nayak MUMBAI (Reuters) -India’s Kotak Mahindra Bank beat expectations on Saturday with a 67% year-on-year rise in quarterly net profit, helped by higher net interest income and robust loan growth. The Mumbai-based private lender’s standalone net profit rose to 34.52 billion rupees ($421.1 million) in the three-months ending June 30, above analysts’ average …
India Kotak Mahindra Bank’s 67% profit jump beats expectations Read More »
NEW DELHI (Reuters) – Indian renewable energy company ACME Group said on Friday it raised 40 billion rupees ($487.98 million) in fresh funding from infrastructure finance firm REC, to start its green hydrogen and ammonia project in Oman. The money will be used for the first phase of the project, which will be established at the special …
India’s ACME Group gets $490 million in funding for Oman project Read More »
By Siddhi Nayak MUMBAI (Reuters) -ICICI Bank, India’s second-largest private lender, beat expectations to deliver a record first-quarter net profit on Saturday, helped by higher interest income and loan growth. The Mumbai-based lender reported a near-40% rise year-on-year in net profit to 96.48 billion rupees ($1.18 billion) for the April-June quarter, beating analysts’ forecast of …
India’s ICICI Bank beats estimates with record April-June net profit Read More »
By Siddhi Nayak MUMBAI (Reuters) -India’s Yes Bank reported a smaller-than-expected increase in quarterly net profit on Saturday as it set aside more money for ageing bad loans and security receipts, denting the impact of higher net interest income. The private lender’s standalone net profit rose 10.3% for the April-June quarter from the same period …
India Yes Bank’s net profit rises 10.3% in April-June, misses estimates Read More »
By Siddhi Nayak MUMBAI (Reuters) – Go Airlines (India) Ltd has received claims worth 240 billion rupees ($2.9 billion) from operational and financial creditors so far as part of the carrier’s ongoing insolvency, two banking sources told Reuters. The process is in line with procedural requirements under Indian law which allow every creditor a right …
Go First gets claims worth $2.9 billion from creditors – sources Read More »
