Reuters India Business

BENGALURU (Reuters) -Shares of Tata Consultancy Services Ltd dropped as much as much 4.8% to a three-week low on Monday, after India’s top IT services provider missed first-quarter profit estimates on rising employee-related expenses. TCS reported a net profit of 94.78 billion rupees ($1.19 billion) on Friday, falling well short of the average analyst estimate …

India’s TCS hits three-week low on Q1 profit miss, demand worries Read More »

By Nick Carey and Paul Lienert CAMBRIDGE, England (Reuters) – In the race to go electric, carmakers have focused on range to ease consumer anxiety over charging infrastructure, but battery makers are already working on the smaller, longer-lasting and cheaper batteries of the future, which also charge more quickly. While carmakers today chase market leader …

For EV battery makers, it’s go small or go home Read More »

(Reuters) – Australia’s Woodside Energy Group said on Monday it would invest $9.9 million in a greenhouse gases recycling firm and potentially use the Indian company’s technology to recycle methane in its facilities. Woodside said the technology of India’s String Bio could also be deployed at third-party sites. The investment is a part of Woodside’s …

Australia’s Woodside to invest $10 million in Indian methane recycling firm Read More »

By Arsh Tushar Mogre and Anant Chandak BENGALURU (Reuters) – India’s retail inflation likely held steady in June, but well above the Reserve Bank of India’s tolerance limit for a sixth month as lower fuel and cooking oil prices offset higher services and food costs, a Reuters poll found. Despite a substantial recent increase in …

India inflation likely held steady just above 7% in June Read More »

By Aditi Shah NEW DELHI (Reuters) – India’s Mahindra & Mahindra could consider investing in a battery-cell company to meet future electrification needs, its CEO said, after the company raised funds for its new electric vehicle (EV) unit at a $9.1 billion valuation. Mahindra on Thursday raised $250 million from British International Investment for the …

Mahindra open to investing in EV battery cell maker to secure supplies – CEO Read More »

MUMBAI (Reuters) – India’s central bank will continue calibrating policy to preserve and foster macroeconomic stability while bringing down inflation and will remain flexible in its approach, Governor Shaktikanta Das said on Saturday. The global economy is going through an uncertain time and concerns around growth and inflation persist, but the central bank believes that …

India’s central bank to remain flexible while aiming to tame inflation, governor says Read More »

MUMBAI (Reuters) – Indian carmaker Tata Motors raised the price of its passenger vehicles on Saturday as input prices continue to increase. Prices of vehicles were increased 0.55% on average with immediate effect, the company said. Automobile companies have been raising prices gradually as key commodity prices have risen for several quarters. (Reporting by Nupur …

India’s Tata Motors raises passenger vehicle prices Read More »