By Krishna N. Das NEW DELHI (Reuters) -Elon Musk’s takeover of Twitter Inc will not change India’s expectation that it must comply with the country’s existing and upcoming new IT rules which will be published within days, a government minister told Reuters on Friday. Over the past two years, Indian authorities have asked Twitter to …
India expects Musk’s Twitter to comply with new local rules Read More »
NEW DELHI (Reuters) -The Indian government on Friday announced amendments to its information technology (IT) rules that will apply to social media companies, in a move likely to be seen as a reining in of big tech firms. Under the amended rules, which will come into effect from Oct. 28, a government panel would be …
India sets up govt panel to hear social media content moderation complaints Read More »
BENGALURU (Reuters) – India’s IFB Industries Ltd posted a 2% fall in its second-quarter profit on Friday, as expenses soared and took the shine off higher sales of its home appliances. Consumer goods makers globally have seen their bottomline take a knock from higher commodity prices, with the COVID-19 pandemic and the Russia-Ukraine war leading …
India’s IFB Industries posts 2% drop in profit as costs climb Read More »
By Sethuraman N R BENGALURU (Reuters) -Maruti Suzuki India Ltd on Friday reported a four-fold jump in quarterly profit beating estimates, driven by record sales volume and easing commodity prices, and again cautioned of a chip shortage over the next few months. Maruti, which has about 40% market share in India’s passenger vehicle market, sold …
India’s top carmaker Maruti profit jumps, flags chip issues Read More »
BENGALURU (Reuters) – India’s TTK Healthcare Ltd reported a more than two-fold rise in quarterly profit on Friday, boosted by higher sales of medical devices and contraceptives. Profit from continuing operations rose to 79.1 million Indian rupees ($959,625.37) for the three months ended Sept. 30, from 37.5 million rupees a year earlier. Shares of the …
India’s TTK Healthcare Q2 profit more than doubles on higher sales of medical devices Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee advanced on Friday as the dollar fell and Treasury yields recoiled on signs of a softening U.S. economy, which bolstered views that the Federal Reserve may opt to slow down the pace of its rate hikes. The rupee firmed 0.18% to 82.34 per dollar by 0456 …
Rupee rises as Treasury yields continue to ease on Fed pivot hopes Read More »
BENGALURU (Reuters) -Indian shares were trading higher on Friday, boosted by energy and automobile stocks and as the continued drop in U.S. Treasury yields made riskier assets more appealing. The NSE Nifty 50 index advanced 0.52% to 17,829.25 as of 0443 GMT, and the S&P BSE Sensex rose 0.56% higher to 60,090.58. If gains hold, …
Indian shares rise as energy and automobile climb Read More »
By Seher Dareen (Reuters) – Gold prices eased in choppy trading on Thursday as a rise in the U.S. dollar offset support for the precious metal from expectations the Federal Reserve will slow its interest rate hikes after a policy meeting next week. Spot gold was down 0.2% to $1,661.25 per ounce by 1:41 p.m. …
NEW DELHI (Reuters) – The IT head of India’s ruling party said on Thursday he will sue the Wire for damaging his reputation, weeks after the local media portal stated in a story it later retracted that Instagram took down, without review, any posts that he had flagged. “Not only will I be setting the …
IT head of India’s ruling party says he will sue news portal the Wire Read More »
BENGALURU (Reuters) – SBI Cards and Payment Services reported a 52.4% jump in second-quarter profit on Thursday, as it issued more credit cards and Indians spent more going into the festive season. SBI Card, backed by top lender State Bank of India, has increased its card base during July and August amid stiff competition, analysts …
India’s SBI Card second-quarter profit rises 52% on robust consumer spending Read More »
