(Reuters) -India’s crude oil imports in June fell 4.7% month-on-month to 20.32 million metric tons, the lowest level since February, government data showed on Monday. WHY IT’S IMPORTANT India is the world’s third-biggest oil importer and consumer, making this data a key indicator of the country’s oil demand. BY THE NUMBERS On a yearly basis, …
India’s crude oil imports drop to five-month low in June Read More »
NEW DELHI (Reuters) -India’s top gas importer, Petronet LNG, is looking to raise a 120 billion rupee (about $1.4 billion) local currency loan to fund the expansion of a plant, its head of finance, Saurav Mitra, said in an analyst call on Monday. The company is building a petrochemical plant in India’s western state of …
India’s top gas importer Petronet seeks 120 billion rupee loan Read More »
(Reuters) -India’s Vinati Organics said on Monday one of its employees died on Saturday at its plant in Maharashtra state in an accident during routine operations. The company does not foresee any material financial or operational impact due to the incident. (Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)
(Reuters) -Shares of India’s Kotak Mahindra Bank were on track for their worst day in more than a year on Monday, as a quarterly earnings miss sparked concerns of worsening asset quality. The stock fell 6.4% to 1,988.60 rupees, the lowest since mid-March and was the worst performer on India’s benchmark Nifty 50 index, which …
India’s Kotak Mahindra Bank slumps as earnings spark asset quality concerns Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee and government bonds will react to a host of cues this week, including a U.S. Federal Reserve policy decision and the August 1 reciprocal tariff deadline, which is likely to keep traders cautious. The rupee closed at 86.5150 against the U.S. dollar on Friday, …
Indian rupee, bond markets cautious in week dominated by Fed, tariffs Read More »
By Haripriya Suresh BENGALURU (Reuters) -India’s largest IT services provider Tata Consultancy Services will reduce its workforce by 2% in its 2026 financial year, primarily affecting middle and senior management, the company said on Sunday. The move will eliminate roughly 12,200 jobs from the company’s workforce of more than 613,000 as TCS deploys AI and …
Indian tech company TCS to cut workforce by 2%, affecting more than 12,000 jobs Read More »
MUMBAI (Reuters) -Kotak Mahindra Bank, India’s third-largest private lender by market capitalisation, reported a drop in first-quarter profit on Saturday, as it set aside more funds for potential bad loans and saw a contraction in lending margins. The bank’s standalone net profit fell 47.5% to 32.81 billion indian rupees ($379.42 million) for the quarter ended …
Kotak Mahindra Bank’s Q1 profits drop more than expected on higher provisions Read More »
(Reuters) -Steel Authority of India reported a rise in first-quarter profit on Friday, helped by a marginal rise in steel prices due to a temporary tariff imposed on some imports, easing input costs and strong domestic demand. The state-owned company’s consolidated profit before exceptional items and tax more than doubled year-on-year to 9.68 billion rupees …
India’s SAIL posts rise in first-quarter profit on lower costs, strong domestic demand Read More »
By Munsif Vengattil and Nandan Mandayam (Reuters) -India has ordered blocking public access to 25 streaming platforms, including Balaji Telefilms-owned ‘ALTT’ for alleged obscene, vulgar and in some cases, pornographic content, a government official said on Friday. Besides ‘ALTT’, other streaming platforms that were also banned were smaller, including players such as Ullu and Hulchul, …
India orders blocking of 25 streaming platforms for “obscene content”, source says Read More »
NEW DELHI (Reuters) -India and New Zealand concluded the second round of free trade agreement talks in New Delhi on Friday, making progress in areas including goods, services, investment, and trade facilitation, India’s commerce ministry said. The talks, held from July 14 to 25, follow the launch of negotiations in March during New Zealand Prime …
India, New Zealand wrap up second round of FTA talks, next round in September Read More »
