Reuters India Business

BENGALURU (Reuters) – Vodafone Idea, India’s third-largest telecom operator, reported a smaller-than-expected quarterly loss on Monday, as it added more 4G users. Consolidated loss after tax was 69.86 billion rupees ($840.4 million) for the quarter ended Dec. 31, compared with a loss of 79.90 billion rupees a year earlier. Analysts, on an average, had expected …

India’s Vodafone Idea posts smaller-than-expected loss on 4G user boost Read More »

CHENNAI/BENGALURU (Reuters) -India’s ITC beat analysts’ estimates for third-quarter profit on Monday as the consumer goods giant benefited from higher demand for its cigarettes, which make up a large percentage of its revenue. The company’s profit rose 10.8%, to 55.72 billion Indian rupees ($670.3 million), in the three months ended Dec. 31, from a year …

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BENGALURU (Reuters) – India’s Adani Green Energy said on Monday its third-quarter profit more than doubled from a year earlier, helped by robust power sales to customers and higher capacity utilisation. Part of Indian billionaire Gautam Adani’s ports-to-power conglomerate, Adani Green said its consolidated profit rose to 2.56 billion rupees ($30.8 million) in the quarter …

India’s Adani Green profit surges in third quarter on strong power sales Read More »

By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) – India’s economy is forecast to grow 7% in the 2024/25 fiscal year from an estimated 7.3% in the current year that ends on March 31, the government said in its latest review on Monday. The estimates come days before Prime Minister Narendra Modi’s government presents …

India forecasts 7% economic growth in fiscal 2024/25 Read More »

By Aftab Ahmed NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi is expected to buck a trend of spending big on new welfare programmes in a budget before a general election to instead focus on infrastructure to keep the economy humming while narrowing the budget gap. Finance Minister Nirmala Sitharaman will announce the budget …

India’s Modi to bet on popularity over populism in budget ahead of polls Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares advanced on Monday, led by a rebound in beaten-down financials and tracking gains in Asian markets. The blue-chip NSE Nifty 50 index rose 1% to 21,567.15 points and the S&P BSE Sensex was up 0.97% at 71,395.13, as of 9:59 a.m. IST. Asian markets rose, led by China …

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BENGALURU (Reuters) – Zee Entertainment founder Subhash Chandra’s family will eventually lift their stake in the media house to 26% from 4% currently, Mint reported on Monday, days after a merger with Sony’s India unit collapsed. Japan’s Sony terminated a $10 billion merger deal with the Indian broadcaster last week after two years of negotiations, …

Zee founder family to eventually lift stake to 26% – Mint Read More »