By Shivam Patel and Abhijith Ganapavaram BENGALURU, India (Reuters) – India is likely to seek bids this year for 114 multi-role fighters, two sources said, marking a major step in a process to bolster the country’s stock of combat aircraft that has gone on for nearly two decades. The project is critical for the Indian …
India seen seeking global bids this year for 114 fighters Read More »
(Reuters) – India’s GlaxoSmithKline Pharmaceuticals reported a higher adjusted third-quarter profit on Friday, led by sustained demand for its respiratory drugs and antibiotic Augmentin. The Indian unit of British drugmaker GSK said its profit before exceptional items and tax jumped 35% to 3.08 billion rupees ($35.5 million) in the October-December quarter. The company had an …
By Bharath Rajeswaran and Indranil Sarkar (Reuters) -India’s benchmark indexes fell on Friday as investors fretted over the implications of U.S. President Donald Trump’s plans to impose reciprocal tariffs, which analysts said could hurt the country the most among its Asian peers. Trump is planning to slap reciprocal tariffs on every country taxing U.S. imports. The imposition …
By Aditya Kalra NEW DELHI (Reuters) – A group of India’s top Bollywood music labels, from T-Series to Saregama and Sony, is seeking to join a copyright lawsuit against OpenAI in New Delhi, highlighting worries about improper use of recordings to train AI models, legal documents show. Microsoft-backed OpenAI’s legal challenges are mounting globally and …
Bollywood music labels seek to challenge OpenAI in India copyright lawsuit Read More »
(Reuters) – Indian auto-parts maker Samvardhana Motherson reported a smaller-than-expected rise in third-quarter profit on Friday, hurt by weak global car sales. The company’s consolidated profit rose to 8.79 billion rupees ($101 million) in the quarter ended December 31 but fell short of analysts’ estimate of 9.4 billion rupees, according to data compiled by LSEG. …
Indian auto parts maker Samvardhana Motherson misses third-quarter profit view Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee logged its biggest weekly rise against the dollar in seven months, lifted by the central bank’s heavy intervention in the foreign exchange market and kept speculators betting against the currency at bay. The rupee ended at 86.8225 per U.S. dollar, up 0.1% compared to 86.8975 in …
Heavy RBI intervention helps rupee log best week in 19 months Read More »
NEW DELHI (Reuters) – Oil refiners are increasing their efforts to blend renewable feedstocks such as used cooking oil into their crude refining streams to meet global demand for cleaner fuels. As a result, demand for catalysts and additives to remove the impurities from bio-feedstock has risen, Maurits van Tol, chief executive of catalyst technologies …
Oil refiners adding renewable feedstock to produce cleaner fuels, executives say Read More »
(Reuters) -India’s top court has rejected a request by telecom companies to recalculate the dues they owe the government, the Mint business daily reported on Friday. The news sent shares of debt-saddled Vodafone Idea down 5.3%, while shares of telecom tower operator Indus Towers dropped about 4%. Analysts previously said a similar court decision would …
India’s top court rejects telecom firms’ plea to recalculate dues owed, Mint reports Read More »
By Mohi Narayan NEW DELHI (Reuters) – India will be a bright spot for petrochemical demand in 2025 even as global consumption lags supply, amid rising demand for electric vehicle parts, solar panels and household appliances, industry executives said on the sidelines of India Energy Week conference. “We are seeing good local demand in the …
India to remain bright spot for petchem demand in 2025 Read More »
NEW DELHI (Reuters) -India’s wholesale inflation in January remained steady at 2.31% year-on-year, from 2.37% in December, government data showed on Friday, on moderation in food and fuel prices. The wholesale inflation rate, a proxy for producer prices, last month was a tad lower than the 2.5% projected by economists in a Reuters poll. Food …
India’s January wholesale inflation steady at 2.31% y/y Read More »
