BENGALURU/NEW DELHI (Reuters) – India’s top real estate firm DLF on Friday said it snagged record bookings in its $4 billion “super luxury” home project near New Delhi, as deep-pocketed buyers scrambled for premium housing. DLF sold 173 units in “The Dahlias” in Gurugram for about $1.4 billion over nine weeks, it said in a …
BENGALURU (Reuters) – Dorf-Ketal Chemicals India filed for a 50 billion rupees ($580 million) initial public offering on Friday, according to draft papers by the speciality chemicals maker. The IPO consists of fresh issue of shares worth up to 15 billion rupees, while existing shareholder Menon Family Holdings Trust is selling shares worth up to …
Dorf-Ketal Chemicals India files for $580 million IPO Read More »
By Manvi Pant and Hritam Mukherjee (Reuters) -India’s JSW Steel reported a bigger-than-expected drop in third-quarter profit on Friday as lower prices and tepid demand continued to hurt the country’s top steelmaker. Domestic steel mills have grappled with an influx of steel imports from China over the past year, with shipments hitting an all-time high …
JSW Steel misses Q3 profit estimates on lower prices, cooling demand Read More »
By Aditya Kalra, Arpan Chaturvedi and Munsif Vengattil NEW DELHI (Reuters) – Indian book publishers and their international counterparts have filed a copyright lawsuit against OpenAI in New Delhi, a representative said on Friday, the latest in a series of global cases seeking to stop the ChatGPT chatbot accessing proprietary content. Courts across the world …
Exclusive-OpenAI faces new copyright case, from global publishers in India Read More »
By Nandan Mandayam (Reuters) -Indian airline IndiGo on Friday said it expects strong air travel demand in the fourth quarter of the ongoing fiscal year, but forecast a drop in yields on higher capacity. IndiGo said it sees capacity measured in available seat kilometres (ASK) rising 20% year-on-year in January-March, helped by a constant stream …
India’s IndiGo forecasts higher fourth-quarter demand Read More »
By Nidhi Verma NEW DELHI (Reuters) – The United States has clarified to India that tankers loaded with Russian oil have to discharge by Feb. 27 under the latest sanctions targeting Moscow’s oil revenue, India’s oil secretary Pankaj Jain told reporters at an event. Washington this month imposed sweeping sanctions targeting Russian producers and tankers, …
India says sanctioned Russian oil tankers can discharge before Feb 27 Read More »
(Reuters) – India’s Trident reported a decline in third-quarter profit on Friday, as inflationary pressures hindered demand for textiles during the festive season. The textiles maker reported consolidated net profit of 797 million rupees ($9.24 million) for the three months ended Dec. 31, down 27% from a year ago. Trident, which supplies home textiles to …
Indian textiles firm Trident posts lower Q3 earnings on weak demand Read More »
By Sai Ishwarbharath B and Haripriya Suresh (Reuters) -LTIMindtree, India’s sixth-largest IT firm, said on Friday that former president Venugopal Lambu would return as CEO after a two-year stint at Randstad Digital, to replace Debashis Chatterjee, whose term ends in November. Lambu will join as CEO designate with immediate effect and is appointed for a …
India’s LTIMindtree names former exec Venugopal Lambu as next CEO Read More »
(Reuters) – India’s Godrej Consumer Products reported a smaller-than-expected increase in third-quarter profit on Friday, hurt by the prolonged slowdown in urban demand. The company, which makes the Cinthol brand of soaps among other products, reported a 14.2% rise in consolidated net profit of 4.98 billion rupees ($57.76 million) for the quarter ended Dec. 31. …
India’s Godrej Consumer misses third-quarter profit estimates on moderating urban demand Read More »
(Reuters) – Indian ride-hailing firm Ola Consumer on Friday said it does not set fares based on a user’s phone model, a day after global rival Uber denied allegations of differential pricing for Android and Apple phones. Ola and Uber received notices from an Indian government consumer body on Thursday, directed by consumer affairs minister …
Ola joins Uber, denies implementing phone model-based pricing in India Read More »
