Reuters India Business

BENGALURU (Reuters) – Indian generic drugmaker Alembic Pharma reported a 17% rise in fourth-quarter profit on Thursday, driven by strong sales, especially in the key North American market. Consolidated profit rose to 1.78 billion rupees ($21.3 million) in the three months ended March 31, from 1.53 billion rupees a year earlier. Indian generic drugmakers like …

India’s Alembic Pharma posts higher Q4 profit on strong N.America sales Read More »

By Haripriya Suresh BENGALURU (Reuters) – Tata Consultancy Services, India’s top IT services firm, said its CEO K Krithivasan earned 253.59 million rupees ($3.04 million) in financial year 2024, making him likely the lowest-paid CEO among top the four Indian IT firms. The commissions tied to TCS’ annual profit made up for a key chunk …

TCS CEO Krithivasan earned $3 million in first year at top job Read More »

By Shivam Patel NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi and election rival Congress party leader Rahul Gandhi traded barbs about campaign funding on Wednesday, with both sides accusing the other of taking money from top industrialists Mukesh Ambani and Gautam Adani. Neither of the business leaders have made any public comment about …

Billionaires Ambani and Adani dragged into India’s election rhetoric Read More »

By Kashish Tandon and Hritam Mukherjee BENGALURU (Reuters) -India’s national elections and global geopolitical tensions will hurt Indian engineering company Larsen and Toubro’s (L&T) order inflow and revenue in fiscal year 2025, the firm said on Wednesday, after reporting fourth-quarter results that beat analysts’ estimates. “We expect revenue growth to be at around 15% for …

India’s L&T forecasts lower revenue growth, order inflow for FY25 Read More »

BENGALURU (Reuters) – Sula Vineyards, India’s biggest wine maker by revenue, reported a 5% drop in fourth-quarter profit on Wednesday, as mounting expenses overshadowed steady demand for its premium brands such as Rasa and Dindori. The Mumbai-headquartered company’s consolidated net profit fell to 135.5 million rupees ($1.6 million) in January-March from 142.4 million rupees a …

Indian winemaker Sula Vineyards’ Q4 profit slips on mounting expenses Read More »

BENGALURU/MUMBAI (Reuters) -India’s Bank of Baroda said on Wednesday the central bank has lifted restrictions on onboarding customers through its mobile application. The Reserve Bank of India had stopped Bank of Baroda from adding customers to its mobile app in October, citing “certain material supervisory concerns,” without giving any details about the issues. The bank …

India’s Bank of Baroda says cenbank lifts ban on adding customers on mobile app Read More »