BENGALURU (Reuters) – Indian real estate developer Prestige Estates Projects posted a 12% fall in first-quarter profit on Wednesday – its third straight quarterly profit fall – hurt by lower sales and fewer launches. The company said its consolidated net profit fell to 2.33 billion rupees($27.9 million) for the quarter ended June 30 from 2.67 …
India’s Prestige Estates Projects posts Q1 profit fall on lower sales Read More »
By Jayshree P Upadhyay and Sethuraman N R BENGALURU (Reuters) -The Indian market regulator’s proposed measures to curb the trading frenzy in options will impact high-frequency traders and quant funds as well as brokerage firms that have gained from increased retail investor interest in the segment, traders said. On Tuesday, the Securities and Exchange Board …
High-frequency traders, brokerage firms to face brunt of regulatory curbs on options Read More »
MUMBAI (Reuters) – India’s central bank on Wednesday proposed to allow a wider set of alternatives, including fingerprints and passwords, as additional factors of authentication for all digital transactions. An additional factor of authentication requires two or more ways of verifying the identity of the user, typically used to reduce fraud and cyber crime. Currently, …
India cenbank proposes more options to authenticate digital payments Read More »
By Nikunj Ohri NEW DELHI (Reuters) -India has no plans to reimpose foreign investor limits on new issuances of 5-year, 7-year and 10-year bonds, a government source aware of the development said on Wednesday, after curbs were imposed on bonds with longer tenors. On Monday, the Reserve Bank of India said that in consultation with …
India to keep popular bond tenors free of foreign investment curbs, source says Read More »
MUMBAI (Reuters) – The Indian rupee dropped to a record low against the U.S. dollar on Wednesday, pressured by month-end dollar demand by importers, traders said. The rupee declined to 83.7425 to the dollar, inching past the previous lifetime low of 83.74. (Reporting by Siddhi Nayak; Editing by Savio D’Souza)
WASHINGTON (Reuters) – U.S. Deputy Secretary of State Kurt Campbell said on Tuesday that he expects word soon that India is becoming more engaged with Ukraine, responding to a question at a Senate hearing over Indian Prime Minister Narendra Modi’s visit to Moscow this month. “I think we’re likely to hear news of India engaging …
Top US diplomat expects more Indian engagement with Ukraine Read More »
(Reuters) – India’s bowlers struck late blows before the world champions beat Sri Lanka in a Super Over in the final Twenty20 of their three-match series in Pallekele on Tuesday for a clean sweep under new coach Gautam Gambhir and captain Suryakumar Yadav. Washington Sundar, who claimed 2-23 earlier, bagged two wickets in the sudden …
Cricket-India beat Sri Lanka in Super Over to sweep T20 series Read More »
By Chris Thomas, Munsif Vengattil and Jose Devasia KOCHI, India (Reuters) -Landslides swept through tea estates and villages in southern India’s Kerala on Tuesday, killing at least 106 people while they slept as unexpected heavy rain collapsed hillsides and triggered torrents of mud, water and tumbling boulders. The hillsides gave way after midnight following torrential …
Landslides after heavy rain in India’s Kerala kill 106, many still trapped Read More »
By Richa Naidu PARIS (Reuters) -Reigning champions Wang Chi-Lin and Lee Yang of Taiwan, who are in the men’s doubles ‘Group of Death’ along with top pairs from India, Japan, China and South Korea, enjoyed a straightforward victory at the Paris Games on Tuesday. The Taiwanese, who are childhood friends, beat Vinson Chiu and Joshua …
Badminton-Taiwan’s Wang and Lee enjoy comfortable win over US pair Read More »
By Forrest Crellin PARIS (Reuters) -India skipper Harmanpreet Singh scored a late goal for the second game in a row to force a 1-1 draw with Argentina in Pool B of the men’s hockey at the Paris Olympics on Monday, while the Dutch women came from behind to top Germany 2-1 in Pool A. A …
