(This July 22 story has been corrected to remove an incorrect reference to the Paytm app’s ranking in paragraph 2) BENGALURU (Reuters) – Indian digital payments firm Paytm reported a 39% rise in quarterly revenue, helped by soaring demand for loans. Paytm parent One 97 Communications Ltd reported late on Friday that revenue rose 39% …
India’s Paytm says quarterly revenue rises 39% as loan demand soars Read More »
By Indranil Sarkar and Aby Jose Koilparambil BENGALURU (Reuters) -U.S. big-bike maker Harley-Davidson and British rival Triumph have revved up India’s premium motorcycle market with aggressively priced models that analysts said could dent the over half-century dominance of local champion Royal Enfield. The duo surprised the industry this month by unveiling their cheapest models globally …
Harley-Davidson, Triumph in first gear of challenge to Royal Enfield’s India reign Read More »
By Sudarshan Varadhan and Nidhi Verma BAMBOLIM, India (Reuters) – The Group of 20 (G20) major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels following objections by some producer nations. Scientists and campaigners are exasperated by international bodies’ foot-dragging on action to curb global warming even as extreme …
G20 bloc fails to reach agreement on cutting fossil fuels Read More »
By Siddhi Nayak MUMBAI (Reuters) -India’s Kotak Mahindra Bank beat expectations on Saturday with a 67% year-on-year rise in quarterly net profit, helped by higher net interest income and robust loan growth. The Mumbai-based private lender’s standalone net profit rose to 34.52 billion rupees ($421.1 million) in the three-months ending June 30, above analysts’ average …
India Kotak Mahindra Bank’s 67% profit jump beats expectations Read More »
NEW DELHI (Reuters) – Indian renewable energy company ACME Group said on Friday it raised 40 billion rupees ($487.98 million) in fresh funding from infrastructure finance firm REC, to start its green hydrogen and ammonia project in Oman. The money will be used for the first phase of the project, which will be established at the special …
India’s ACME Group gets $490 million in funding for Oman project Read More »
By Siddhi Nayak MUMBAI (Reuters) -ICICI Bank, India’s second-largest private lender, beat expectations to deliver a record first-quarter net profit on Saturday, helped by higher interest income and loan growth. The Mumbai-based lender reported a near-40% rise year-on-year in net profit to 96.48 billion rupees ($1.18 billion) for the April-June quarter, beating analysts’ forecast of …
India’s ICICI Bank beats estimates with record April-June net profit Read More »
By Siddhi Nayak MUMBAI (Reuters) -India’s Yes Bank reported a smaller-than-expected increase in quarterly net profit on Saturday as it set aside more money for ageing bad loans and security receipts, denting the impact of higher net interest income. The private lender’s standalone net profit rose 10.3% for the April-June quarter from the same period …
India Yes Bank’s net profit rises 10.3% in April-June, misses estimates Read More »
By Siddhi Nayak MUMBAI (Reuters) – Go Airlines (India) Ltd has received claims worth 240 billion rupees ($2.9 billion) from operational and financial creditors so far as part of the carrier’s ongoing insolvency, two banking sources told Reuters. The process is in line with procedural requirements under Indian law which allow every creditor a right …
Go First gets claims worth $2.9 billion from creditors – sources Read More »
By Krishn Kaushik and Riddhima Talwani NEW DELHI (Reuters) – Some Subway India outlets have stopped serving tomatoes in their salads and sandwiches due to quality problems, the latest move by a foreign brand as prices of the staple have soared nearly 400% to record highs in the country. A Subway outlet at a Delhi …
Some Subway India outlets drop tomatoes citing poor quality amid price surge Read More »
(This September 2022 story has been corrected to clarify that the decision ordered the lower court to reconsider whether ‘safe distance’ rule applied) By Blake Brittain September 19, 2022 (Reuters) – Fiat Chrysler on Monday received a second chance to permanently block U.S. sales of redesigned Roxor off-road vehicles made by Indian carmaker Mahindra & …
Fiat Chrysler gets new chance to block Mahindra 4x4s in Jeep trademark case Read More »
