Reuters India Business

By Praveen Paramasivam (Reuters) -India’s TeamLease Services expects revenue to grow up to 22% in the financial year starting April 1, driven by job growth in quick delivery, consumer goods, and manufacturing, a top executive said on Thursday. Bengaluru-based TeamLease works with more than 3,900 companies across various sectors on hiring, counting Bajaj Finserv, Airtel, …

Indian staffing service TeamLease expects revenue lift from manufacturing, consumer sectors Read More »

(Reuters) -Indian consumer goods major ITC reported a rise in fourth-quarter profit on Thursday, benefiting from resilient rural demand and strength in its mainstay cigarettes business. The maker of “Yippee” instant noodles and “Gold Flake” cigarettes reported a standalone profit before tax and exceptional items of 64.17 billion rupees ($746.65 million) for the quarter ended …

India’s ITC reports rise in quarterly profit on resilient rural demand Read More »

(Reuters) -Sun Pharmaceutical, India’s largest drugmaker by revenue, reported a bigger adjusted quarterly profit on Thursday, driven by strong domestic demand for its drugs to treat rare diseases. The Mumbai-based firm’s consolidated profit before exceptional items and tax rose 24% to 36.16 billion rupees (nearly $421 million) in the three months ended March 31. The …

India’s Sun Pharma posts bigger adjusted profit on demand for rare disease drugs Read More »

By Kashish Tandon and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -Shares of India’s IndusInd Bank rebounded from sharp falls on Thursday on bets that the worst was behind the private lender, a day after it logged a record quarterly loss, hit by past accounting discrepancies. Its stock swung wildly through the day, losing as much as 6% …

India’s IndusInd rebounds on bets bank has come clean on accounting issues Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian benchmark indices fell on Thursday, mirroring global losses as U.S. fiscal worries and rising Treasury yields weighed on investor sentiment. The Nifty 50 fell 0.82% to end at 24,609.70, while the BSE Sensex dropped 0.79% to close at 80,951.99. Other Asian markets also declined on the …

Indian shares fall on US fiscal worries, rising Treasury yields Read More »

(Reuters) – Indian billionaire Mukesh Ambani’s Reliance Industries will start its solar photovoltaic modules factory this year, a company executive said on Thursday. “We are today building three bigger factories… in order to produce clean energy requirements,” said Partha P Maitra, President, Strategy and Initiatives at Reliance Industries. India has been scrambling to meet its …

India’s Reliance to start solar module factory this year, exec says Read More »