(Reuters) -United Spirits, the Indian arm of liquor company Diageo, said on Monday that HT Media boss Praveen Someshwar would join the company as managing director and CEO, effective April 1. Someshwar will replace Hina Nagarajan, who after four years at the helm, is set to transition into a role on Diageo’s global executive committee, …
United Spirits names HT Media boss Praveen Someshwar as new CEO Read More »
BENGALURU (Reuters) – Brokerage Angel One on Monday reported its smallest quarterly profit increase since listing in 2020 as tighter regulations in the derivative sector weighed. The company — which competes with startups such as Zerodha, Groww and Upstox — reported a third-quarter profit that rose 8% to 2.81 billion Indian rupees ($32.4 million) from …
India’s Angel One posts slowest profit growth since listing as tighter regulations weigh Read More »
By Sai Ishwarbharath B and Haripriya Suresh BENGALURU/MUMBAI (Reuters) -India’s HCLTech narrowed its full-year revenue growth forecast on Monday and reported a smaller-than-expected December quarter revenue on underperformance in its software business. HCLTech now expects full-year revenue for fiscal 2025 to grow 4.5%-5%, from 3.5%-5% previously, on account of acquisitions. The country’s third-largest software company …
India’s HCLTech misses Q3 revenue estimate, tightens forecast Read More »
By Hritam Mukherjee (Reuters) -India’s markets regulator has approved JSW Cement’s [JSWC.NS] initial public offering, a notification on the regulator’s website showed on Monday, four months after it put the IPO on hold for reasons it did not disclose. The cement-making arm of the steel-to-energy JSW group filed for an IPO worth up to 40 …
India markets regulator greenlights JSW Cement IPO after 4-month hold-up Read More »
By Nivedita Bhattacharjee BENGALURU (Reuters) – India’s Pixxel is set to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in the country’s nascent private space sector, Pixxel’s chief told Reuters. The satellites will be placed in a sun-synchronous orbit at roughly 550 km, …
Pixxel to launch India’s first private satellite network, eyes $19 billion market Read More »
By Nidhi Verma NEW DELHI (Reuters) -Indian refiners have stopped dealing with U.S.-sanctioned oil tankers and entities but the country does not expect disruption to Russian crude supplies during a two-month wind-down period, a government source said on Monday. The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegaz and …
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – The Indian rupee slumped to a fresh all time-low and logged its biggest single-day decline in nearly two years on Monday, bogged down by a surging U.S. dollar, likely outflows from local equities and limited intervention from the central bank. The rupee declined to 86.5825 before …
Rupee logs biggest slide in two years on dollar’s surge, limited central bank presence Read More »
By Rishika Sadam and Aditya Kalra HYDERABAD (Reuters) – India’s biggest beer-consuming state is rationing supplies of Kingfisher, one of the country’s most popular brands, after Heineken-controlled United Breweries last week suspended its sales in a dispute over prices. States in India, the world’s eighth-biggest alcohol market by volume, individually regulate pricing of alcohol products, …
Indian state rations Kingfisher beer after Heineken turns off taps in price row Read More »
By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) -India’s annual retail inflation in December eased to a four-month low, government data showed on Monday, boosting hopes of the country’s central bank cutting interest rates in February. Annual retail inflation in December eased to 5.22% from 5.48% in the previous month, lower than economists’ estimate …
India’s December retail inflation eases to four-month low, boosting rate cut hopes Read More »
(Reuters) -India’s annual retail inflation in December eased to 5.22% from 5.48% in the previous month as the rate of increase in food prices slowed, government data released on Monday showed. A Reuters poll had projected retail inflation at 5.3%. COMMENTS RADHIKA RAO, SENIOR ECONOMIST, DBS BANK, SINGAPORE “Improved supplies of perishables and expectations of …
India’s December retail inflation eases to 5.22% Read More »
