(Reuters) -India’s Tata Capital [TATC.NS] has filed for an initial public offering, draft papers showed on Monday. The Tata Sons-backed financial services company will issue up to 210 million new shares, while existing shareholders will offload up to 265.8 million shares. Tata Sons plans to sell up to 230 million shares in the offering, while …
Tata Sons-backed Tata Capital files for India IPO Read More »
(Reuters) -Indian drugmaker Aurobindo Pharma reported a lower first-quarter profit on Monday, as expenses grew faster than revenue – stung by weak prices in the key U.S. market. The company’s consolidated net profit fell to 8.25 billion rupees ($94.2 million) in the quarter ended June 30, from 9.19 billion rupees, a year ago. Total expenses …
India’s Aurobindo Pharma reports profit fall as cost rise outweighs sales growth Read More »
(Reuters) -Bosch reported a higher first-quarter profit on Monday, helped by strong sales of spare auto parts to passenger and off-highway vehicles as well as demand for its consumer electronic goods. The Indian unit of German automotive supplier Robert Bosch reported a pre-tax adjusted profit of 8.38 billion rupees ($95.7 million) in the April-June period, …
Bosch’s India unit posts higher quarterly profit on strong auto parts sales Read More »
MILAN (Reuters) -Iveco coordinated closely with the Italian government on its deals to sell its truck business to Tata Motors and its defence unit to Leonardo, a source with knowledge of the matter said on Monday. India’s Tata Motors last week agreed to buy Iveco in a deal valuing it at 3.8 billion euros, while …
Iveco coordinated closely with Italian government on Tata, Leonardo deals, says source Read More »
(Reuters) -Kaynes Technology India said on Monday its unit will invest roughly 49.95 billion rupees ($570.40 million) over the next six years in the southern state of Tamil Nadu. Kaynes Circuits India Pvt Ltd’s investment will fund capacity additions and also set-up new projects in the state, the company said. ($1 = 87.5700 Indian rupees) …
Kaynes Tech unit to invest $570 million in India’s Tamil Nadu state Read More »
(Reuters) -India’s GreenLine Mobility Solutions said on Monday it will invest 4 billion rupees ($45.7 million) to boost its electric truck supply fleet for miner Hindustan Zinc, replacing diesel vehicles. Hindustan Zinc, which has set a 2050 net-zero carbon emission goal, will deploy electric trucks for the movement of materials between its mines and smelters, …
India GreenLine to invest $46 million in electric truck fleet for Hindustan Zinc Read More »
(Reuters) -India’s DLF reported an 18% jump in first-quarter profit on Monday as strong demand for premium apartments outweighed higher costs, mainly tied to more land parcels acquired. The property firm reported consolidated net profit of 7.63 billion rupees ($87.1 million) for the three months ended June 30. Revenue from operations nearly doubled to 27.17 …
India’s DLF posts higher first-quarter profit on sustained demand for premium homes Read More »
NEW DELHI (Reuters) -India has awarded IT services firm LTIMindtree a 7.9 billion-rupee ($90.14 million) contract to upgrade its taxpayer registration service, according to a tender document released by the government on Monday. LTIMindtree shares closed 1.4% higher at 5,089 rupees on the day. Permanent Account Number, or PAN, maintains a taxpayer’s record via a …
India awards 7.9 billion-rupee taxpayer service upgrade contract to LTIMindtree Read More »
By Meenakshi Maidas (Reuters) -Indian e-scooter maker Ather Energy reported a narrower first-quarter loss on Monday on higher demand, and said it expects a week of “potential business impact” only in the second quarter due to China’s rare-earth magnet export ban. Ather expects around a week’s worth of a supply gap to dealers due to …
India’s Ather Energy posts narrower quarterly loss, flags rare earth headwinds Read More »
(Reuters) -Bharti Airtel’s digital unit Xtelify on Monday announced a new cloud platform and AI-powered software offerings for businesses and telecom operators, alongside partnerships with Singtel, Globe Telecom and Airtel Africa. Airtel Cloud offers a range of services including, infrastructure- and platform-as-a-service with secure migration and scaling, the company said in a statement. The new …
India’s Bharti Airtel launches cloud, AI services for businesses, telcos Read More »
