Reuters India Business

By Sethuraman N R and Chris Thomas BENGALURU (Reuters) – India’s Infosys Ltd on Sunday reported June-quarter profit that missed estimates, hurt by higher employee expenses, but the IT services company raised its annual revenue outlook, citing a strong demand outlook. Infosys’ larger IT rival Tata Consultancy Services and also smaller rivals such as HCL …

India’s Infosys misses profit estimates as costs surge Read More »

By Sethuraman N R and Nidhi Verma BENGALURU (Reuters) – India’s Reliance Industries Ltd on Friday reported a 46.3% jump in June-quarter profit, as robust refining margins due to intake of cheaper Russian crude and fuel exports buoyed its dominant oil-to-chemicals business. The Mukesh Ambani-led conglomerate said consolidated profit rose to 179.55 billion rupees ($2.25 …

India’s Reliance Industries profit surges, powered by oil business Read More »

By Aditya Kalra NEW DELHI (Reuters) -Domino’s Pizza India franchise will consider taking some of its business away from popular food delivery apps, Zomato and SoftBank-backed Swiggy, if their commissions rise further, according to a letter seen by Reuters. The disclosure was made by Jubilant FoodWorks, which runs the Domino’s and Dunkin’ Donuts chain in …

Domino’s India may shift business away from delivery firms Zomato and Swiggy Read More »

By Aditi Shah NEW DELHI (Reuters) – India’s newest budget carrier Akasa Air, which is backed by billionaire Rakesh Jhunjhunwala, has opened ticket sales for its first commercial flights starting Aug. 7, the airline said in a statement on Friday. Akasa’s initial network will include a total of 56 weekly flights between the western cities …

India’s newest budget carrier Akasa opens bookings, flights begin on Aug 7 Read More »

MUMBAI (Reuters) – India’s sugar production in 2022/23 could fall 1.4% from the current season as mills are likely to divert more cane for ethanol production, a leading trade body said on Friday. The country could produce 35.5 million tonnes of sugar in the new season starting from Oct. 1, compared to 36 million tonnes …

India’s sugar output to ease as mills divert cane to make ethanol Read More »

By Nupur Anand and Swati Bhat MUMBAI (Reuters) -India’s central bank has zero tolerance for volatile and bumpy movements in the rupee and will continue to engage with the foreign exchange market to ensure the rupee finds its appropriate level, its chief Shaktikanta Das said on Friday. The rupee has been hitting a series of …

India central bank has zero tolerance for rupee volatility – Governor Das Read More »