Reuters India Business

(Reuters) -Apple’s India sales jumped 33% to a record of almost $8 billion in the year through March, Bloomberg News reported on Monday, citing a person familiar with the matter. Apple’s iPhones accounted for more than half of the sales, the report said. The company did not immediately respond to a Reuters request for comment. …

Apple’s India sales jump 33% to near $8 billion last year, Bloomberg News reports Read More »

NEW DELHI (Reuters) – India’s wholesale prices rose at their fastest annual pace in 16 months in June on the back of costlier food, government data showed on Monday. The wholesale price index rose 3.36% in June from a year earlier, slightly lower than the 3.5% gain expected by economists polled by Reuters but higher …

India’s June wholesale prices rise most in 16 months Read More »

BENGALURU (Reuters) – Shares of HCLTech rose as much as 5% in early trading on Monday after India’s No.3 IT services provider projected growth in most verticals and geographies in the upcoming quarter. HCLTech, which hit the highest since March 19, was the top gainer in the Nifty 50 index and IT services index, which …

India’s HCLTech gains on growth outlook, demand recovery hopes Read More »

By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -India’s No.3 IT services provider HCLTech reported a 6.7% rise in first-quarter revenue on Friday, and projected growth in most verticals and geographies in the current quarter. The forecast follows largely upbeat results from top IT firm Tata Consultancy Services a day earlier, which sparked expectations …

HCLTech projects growth as Indian IT industry bets on cautious recovery Read More »

By Aditya Kalra NEW DELHI (Reuters) – An investigation by India’s antitrust body has found that Apple exploited its dominant position in the market for app stores on its iOS operating system, engaging “in abusive conduct and practices”, a confidential report seen by Reuters showed. The Competition Commission of India (CCI) has been investigating Apple …

Exclusive-India antitrust probe finds Apple abused position in apps market Read More »

By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s retail inflation rate rose for the first time in five months in June due to a sharp rise in food prices, government data showed on Friday. Annual retail inflation was 5.08% in June, up from 4.75% in May. Economists polled by Reuters had forecast …

India’s retail inflation reignites in June as food prices surge Read More »

(Reuters) -Adani Ports expects to complete the first of four phases of a key transshipment container port in southern India this year, it said on Friday, firming the timeline for a project already delayed by six years due to protests by locals. The Vizhinjam deep-sea port at the southern tip of the country is of …

India’s Adani aims to complete phase one of long-delayed port by year-end Read More »