Reuters India Business

(Reuters) – India’s Adani Enterprises Ltd said on Wednesday that the company’s board will hold a meeting on May 13 to approve a proposal to raise funds. The board will consider raising funds by way of issuance equity shares or other eligible securities through a private placement, a qualified institutions placement, or a preferential issue, …

Adani Enterprises to hold board meeting to approve proposal to raise funds Read More »

BENGALURU (Reuters) – India’s Procter & Gamble Hygiene and Health Care Ltd reported a dip in quarterly sales on Wednesday, as a pandemic-driven demand for healthcare products waned with new COVID cases dropping across the country. The company said sale of its products, ranging from Vicks inhaler to Whisper sanitary napkin, fell about 1% to …

India’s P&G Hygiene and Health Care posts drop in Q3 sales on muted demand Read More »

BENGALURU (Reuters) -Indian engineering and construction company Larsen & Toubro Ltd reported a bigger-than-expected rise in fourth-quarter profit on Wednesday as project executions rose amid robust order inflow. L&T’s consolidated net profit rose 10.1% to 39.87 billion rupees ($487.5 million) in the quarter ended March 31 from a year earlier. Analysts, on average, had expected …

India’s Larsen & Toubro beats Q4 profit view on higher project execution Read More »

CHENNAI (Reuters) – The consumption of consumer goods in rural India returned to growth after more than a year in the March quarter and is expected to grow for the rest of the year, market analytics firm NielsenIQ said, as inflation and price hikes eased. The increase in product prices slowed to 6.9% from January …

India’s rural consumer goods consumption back to growth in Q1 -NielsenIQ Read More »

NEW DELHI (Reuters) – U.S. tech giant Cisco Systems will set up a manufacturing facility in India as it aims to diversify its global supply chain, Chief Executive Officer Chuck Robbins said on Wednesday. Cisco, which sells a range of networking equipment and software to connect devices to the internet, in next years is targeting …

Cisco to manufacture from India in diversification move Read More »

(Reuters) – Go Airlines (India) Ltd was granted bankruptcy protection on Wednesday, paving the way for the budget carrier to renegotiate debts and contracts. Following are details on other Indian carriers that have collapsed: JET AIRWAYS Jet Airways, once India’s largest private airline, stopped flying after running out of cash in April 2019. It owed …

Factbox-Indian carriers that have collapsed Read More »

NEW DELHI (Reuters) – Pratt & Whitney plans to oppose Go Airlines (India) Ltd’s push to enforce an arbitration ruling against the U.S. company for the supply of spare engines, a Delaware court filing showed. The airline, widely known as Go First, approached the Delaware court after it won an arbitration order in Singapore against …

Pratt & Whitney to oppose India’s Go First’s push to enforce arbitration Read More »