By Bhawika Chhabra NEW DELHI (Reuters) -At the crack of dawn, Ramu Gupta slings a blue bag onto his shoulder and heads to the Yamuna River in the Indian capital in search of his fortune. The 67-year-old is one of hundreds of gotakhors, or divers, who go to the river to hunt for coins, trinkets, …
India’s river divers risk health in search for hidden treasures Read More »
By Praveen Paramasivam (Reuters) -Mexican theatre chain Cinepolis expects double-digit revenue growth in India this year as it opens more screens and bets on a major Hollywood and Bollywood lineup to bring in moviegoers. Western studios are counting on this summer to reverse a downtrend worsened by the 2023 Hollywood writers’ strike, with blockbusters including …
(Reuters) -Indian lender HDFC Bank will consider issuing bonus shares at a board meeting scheduled on July 19, the company said on Wednesday. HDFC Bank will also consider declaration of a special interim dividend at the board meeting. (Reporting by Manvi Pant; Editing by Janane Venkatraman)
(Reuters) -Indian fertility services provider Indira IVF Hospital [IDII.NS] has filed draft papers confidentially with the country’s markets regulator for an initial public offering, a newspaper advertisement showed on Wednesday. The offering could be worth around 35 billion rupees ($407.2 million), Bloomberg News reported on Tuesday, citing people familiar with the matter. The deal will …
India’s Indira IVF Hospital files for IPO via confidential route, newspaper ad shows Read More »
NEW DELHI (Reuters) -State-run GAIL (India) Ltd is seeking liquefied natural gas (LNG) for delivery from 2027 under a five-to-10-year deal linked to Brent crude oil prices, four sources aware of the inquiry said. The Indian company is looking to buy six cargoes of the super chilled gas in 2027, and eight cargoes in the …
India’s GAIL seeks 5-to-10-year LNG deal, sources say Read More »
(Corrects story in paragraph 9, 16 to reflect official clarification from ANA that it began inspections last week, not in 2018.) By Abhijith Ganapavaram and Lisa Barrington NEW DELHI (Reuters) -India on Monday ordered its airlines to examine fuel switches on several Boeing aircraft models while South Korea ordered a similar measure on Tuesday, as …
Some airlines checking Boeing fuel switches after Air India crash Read More »
By Sarah Qureshi (Reuters) – Gold prices fell on Tuesday as market participants awaited tariff updates, while an inflation report showed a widely expected increase in U.S. consumer prices last month. Spot gold fell 0.5% to $3,328.06 per ounce as of 0145 p.m. EDT (1745 GMT). U.S. gold futures settled 0.7% lower at $3,336.7. The …
BENGALURU (Reuters) -Air India said on Tuesday it would partially restore its international flight schedule that was scaled back following the crash involving its flight last month that killed 260 people. As part of the restoration, Air India will start a thrice-weekly service between Ahmedabad and London Heathrow from August 1 to September 30, replacing …
Air India to restore some international flights following reduction over crash Read More »
(Corrects paragraph 7 to say combined ratio worsened, not improved, and paragraph 8 to clarify related implication) (Reuters) -India’s ICICI Lombard General Insurance reported a nearly 29% higher first-quarter profit on Tuesday, driven by higher premium income in its retail health insurance and motor segments. The non-life insurer reported a profit after tax of 7.47 …
India’s ICICI Lombard reports Q1 profit rise on higher retail health premium income Read More »
By Kashish Tandon (Reuters) -Indian drugmaker Anthem Biosciences’ [ANTH.NS] $395 million IPO was fully subscribed on the second day of bidding on Tuesday, as investors bet on its growth prospects as global big pharma turns to India to limit its reliance on supplies from China. The IPO received bids for 1.6 times the shares on …
Anthem Biosciences’ $395 million IPO fully subscribed as investors bet on Indian pharma Read More »
