Reuters India

NEW DELHI/BENGALURU (Reuters) -An Indian court on Tuesday said Google cannot remove Disney’s streaming service from its app store in the country and should receive a lower 4% fee for in-app purchases, a significant challenge to its payments business model. Disney’s lawsuit is the latest and most high-profile challenge to Google’s policy of imposing a …

India court says Google cannot remove Disney app in tussle over in-app charges Read More »

BENGALURU (Reuters) – India’s ICICI Lombard General Insurance Ltd reported a nearly 12% rise in first-quarter profit on Tuesday, led by growth in investment income and premium earned. The ICICI Bank-backed insurer said its profit after tax stood at 3.90 billion rupees ($47.5 million) for the quarter ended June 30, compared with 3.49 billion rupees …

India’s ICICI Lombard posts 12% rise in Q1 profit on higher investment income Read More »

BENGALURU (Reuters) – Indian engineering research and development provider L&T Technology Services reported a nearly 13% rise in first-quarter profit on Tuesday, aided by strong order wins. The company’s consolidated net profit rose to 3.11 billion rupees ($37.91 million) for the three months ended June 30, from 2.76 billion rupees, a year ago. During the …

India’s L&T Technology posts 13% rise in Q1 profit on order boost Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open little changed on Tuesday amid a mostly weaker dollar and expectations that the Reserve Bank of India may step in. Non-deliverable forwards indicate the rupee will open barely changed from 82.04 in the previous session. With the RBI “at least on the …

Rupee to hang around 82/$ on soft dollar, RBI intervention bets Read More »

BENGALURU (Reuters) – Indian shares are set to open little changed on Tuesday, after hitting record highs for two sessions in a row, amid mixed global cues. India’s GIFT Nifty on the NSE International Exchange was down 0.05% at 19,769 as of 7:42 a.m. IST. Both the Nifty 50 and the Sensex hit fresh highs …

Indian shares likely to open flat on mixed global cues ahead of key earnings Read More »

By Shivangi Acharya and Sarita Chaganti Singh GANDHINAGAR, India (Reuters) – The failure of the G20 to achieve a breakthrough on debt restructuring for vulnerable countries is a “grave concern”, the head of a United Nations agency said on Monday as the body seeks pauses in debt repayment for poor nations amid rising poverty. The …

UN agency says no breakthrough on debt talks at G20 a ‘grave concern’ Read More »

MUMBAI (Reuters) – India will need to grow at a rate of 7.6% annually for the next 25 years to become a developed nation, according to a research paper published by the central bank in its monthly bulletin on Monday. India’s per capita income is currently estimated at $2,500, while it must be more than …

India needs to grow at 7.6% a year for 25 years to be a developed nation -cenbank bulletin Read More »

By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) – Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation in June, corroborating the monetary policy committee’s (MPC) view that the fight against inflation is far from over, the Reserve Bank of India said on Monday. “Monetary policy has to …

India’s fight against inflation far from over – RBI bulletin Read More »