By Tanvi Mehta and Blassy Boben NEW DELHI (Reuters) -Alphabet Inc’s Google will start manufacturing smartphones in India and its flagship Pixel 8 will be available next year, an executive said on Thursday, as the tech giant joins global companies setting up facilities in the South Asian nation. At a Google for India event, Rick …
Google bets on India with Pixel smartphone manufacturing Read More »
By Shivangi Acharya NEW DELHI (Reuters) -India is launching a new system of “authorisation” for imports of laptops, tablets and personal computers, aiming to monitor shipments of such hardware without hurting market supply, government officials said on Thursday. The new “import management system” takes effect from Nov. 1 and requires companies to register the quantity …
India launches new ‘authorisation’ plan for imports of laptops, tablets Read More »
BENGALURU/CHENNAI (Reuters) -Nestle India on Thursday reported third-quarter earnings above estimates on higher demand for its KitKat and Munch chocolates as well as Maggi instant noodles and also said its board approved a stock split. Profit soared 37.3% to 9.08 billion rupees ($109.06 million) for the three months ended Sept. 30, beating estimates of 8.14 …
Nestle India beats earnings estimates on price hikes, demand Read More »
By Christoph Steitz, Sarah Marsh and Maria Martinez FRANKFURT/BERLIN (Reuters) – Thomas Nuernberger is preparing for tougher times. For the past seven years, the 55-year-old has run the Chinese unit of fan and motor maker ebm-papst, and business has been good. But, as tensions simmer between Berlin and Beijing, ebm-papst is one of many medium-sized …
The derisking dilemma: how German companies are tackling China risk Read More »
(Reuters) – Dabur India said on Wednesday its subsidiaries were among companies sued in the U.S. and Canada by customers alleging that the use of hair relaxer products had caused ovarian cancer, uterine cancer and other health issues. “Currently, the cases are in the pleadings and early discovery phases of litigation,” it said in an …
Dabur India’s units face lawsuits in US, Canada alleging products caused cancer Read More »
By Ashitha Shivaprasad (Reuters) – Gold rose to a more than two-month peak on Wednesday as the escalating conflict in the Middle East sent investors flocking towards the safe-haven metal. Spot gold increased 1% to $1,950.67 per ounce by 2:48 p.m. ET (1848 GMT), after hitting its highest since Aug. 1. U.S. gold futures settled …
Gold advances as Middle East tensions spur safe-haven demand Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee rose slightly on Wednesday, but was unable to fully capitalise on the gains seen among its Asian peers as risks of further escalation in the ongoing conflict in the Middle East weighed on the domestic unit. The rupee was at 83.2325 against the U.S. dollar as …
Rupee inches up tracking Asian peers but upside capped on geopolitical risks Read More »
(Reuters) – Polycab India posted a 58.8% rise in its second-quarter profit on Wednesday, aided by healthy sales in its wires and cables business. Consolidated net profit climbed to 4.26 billion rupees ($51.19 million) in the three months ended September 30 from 2.68 billion rupees a year earlier. For further results highlights, click: (Full Story) …
Polycab India posts 59% rise in Q2 profit on healthy wires, cables demand Read More »
By Nimesh Vora and Siddhi Nayak MUMBAI (Reuters) – Large Indian banks are preparing for a $5 billion forex swap maturing next week by accumulating dollars, with the trading pattern suggesting that lenders do not expect the swap to be rolled over, traders said on Wednesday. The $5 billion dollar/rupee swap that the Reserve Bank …
Large Indian banks preparing for maturity of cenbank’s $5 billion fx swap Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares were flat on Wednesday, as a slide in financials after Bajaj Finance missed profit estimates offset gains in metals on strong economic data from China and as the intensifying Middle East conflict and U.S. rate concerns dragged sentiment. The NSE Nifty 50 index was up 0.02% at 19,815 …
Indian shares muted as financials offset metals; oil spike, US rate worries weigh Read More »
