Reuters India

By Sethuraman N R and VarunVyas Hebbalalu BENGALURU (Reuters) -India’s No. 2 software services exporter Infosys halved its full-year revenue forecast on Thursday as clients cut back spending and delayed making decisions on future projects in a challenging economic environment. The grim forecast, which coincided with a weaker-than-expected profit in the first quarter, pushed the …

India’s Infosys cuts FY revenue growth outlook as clients cut spending Read More »

BENGALURU (Reuters) – India’s United Spirits, which sells the Smirnoff brand of vodka and the Black Dog brand of whisky, reported a more-than-22% jump in Q1 profit on Thursday, as tumbling costs outpaced slowing demand and sales in its premium segment grew. The Bengaluru-based company’s profit rose to 2.38 billion Indian rupees ($29.05 million) in …

India’s United Spirits posts Q1 profit jump on tumbling expenses, premium sales Read More »

NEW DELHI (Reuters) – A New Delhi court on Thursday extended the bail granted to the chief of India’s wrestling federation who has been accused of sexually harassing female wrestlers, Reuters’ TV partner ANI reported. Brij Bhushan Singh, chief of Wrestling Federation of India, who is also a federal lawmaker from Prime Minister Narendra Modi’s …

Bail extended for Indian wrestling federation chief in sexual harassment case – ANI Read More »

BENGALURU/CHENNAI (Reuters) -India’s Hindustan Unilever reported a smaller-than-expected increase in quarterly profit on Thursday as the consumer goods major grappled with higher costs and tepid demand for branded tea. Profit rose 8% to 24.72 billion rupees ($301.68 million) for the quarter ended June 30, the Indian unit of UK’s Unilever said in an exchange filing. …

Unilever’s India arm misses Q1 profit view on higher expenses Read More »

By Uditha Jayasinghe and Krishn Kaushik COLOMBO/NEW DELHI (Reuters) – Sri Lankan President Ranil Wickremesinghe arrives in New Delhi on Thursday on a two-day visit hoping to strengthen economic ties between the South Asian countries. Strategically important energy, power and port projects will be discussed during his meeting with Indian Prime Minister Narendra Modi on …

Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India Read More »

BENGALURU (Reuters) – Indian shares are set to open little changed on Thursday, ahead of the demerger of Reliance Industries’ financial services business and quarterly results from several top Nifty 50 firms, amid improved global cues. India’s GIFT Nifty on the NSE International Exchange was down 0.02% at 19,837, as of 7:59 a.m. IST. Both …

Indian shares set for flat start ahead of Reliance-Jio Financial demerger Read More »

By Chris Thomas BENGALURU (Reuters) -Billionaire Mukesh Ambani’s Reliance Industries, India’s most valuable company, will demerge its financial services business on Thursday as part of a move to unlock value. The local stock exchanges will on Thursday hold a special “price discovery” session for the first time ever to determine the value of Jio Financial …

Reliance-Jio Financial demerger: what you need to know Read More »

By Rajendra Jadhav MUMBAI (Reuters) -India’s imports of sunflower oil are likely to fall in the coming months as it becomes uncompetitive against rival oils due to rising prices after Russia withdrew from the Black Sea grain deal, industry officials told Reuters. The drop in sunflower oil imports would force the world’s biggest buyer of …

Top buyer India’s sunoil imports to fall as Black Sea grain deal expires Read More »

NEW DELHI/BEIJING (Reuters) – India’s plans to build out coal-powered steelmaking capacity will quadruple emissions from 2021 to 2050 unless it takes significant steps to meet its 2070 net zero goal, U.S.-based think tank Global Energy Monitor (GEM) said on Thursday. The world’s second-biggest crude steel producer aims to achieve its steelmaking capacity goal of …

India’s steelmaking goals risk quadrupling emissions unless net zero pursued -report Read More »