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India cenbank withdraws open access to foreigners on new 14-yr, 30-yr debt

MUMBAI (Reuters) – All new Indian government bonds with a 14-year and 30-year tenor will no longer be accessible to foreign portfolio investors (FPIs) under the fully accessible route, the central bank said in a release on Monday. “Consequently, future issuances of government securities in these tenors shall not be available for investment under the …

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India’s ACC misses Q1 profit view on weak demand, price cuts

BENGALURU (Reuters) – Indian cement maker ACC on Monday posted first-quarter profit that missed analysts’ estimates, hurt by a weak demand and price cuts. The Adani Group-owned company said its profit after tax stood at 3.66 billion rupees ($43.7 million) for the quarter ended June 30, while analysts were expecting a profit of 4.17 billion …

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Indian broadcaster NDTV’s Q1 loss widens on higher production, marketing costs

BENGALURU (Reuters) – Indian broadcaster NDTV reported a wider first-quarter loss on Monday, as a rise in expenses overshadowed revenue from political advertisements during the country’s general elections. The Adani Group-owned news broadcaster reported a loss of 467.5 million rupees ($5.6 million) in the April-June period, compared to a loss of 81.3 million rupees a …

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Indian refiner HPCL’s Q1 profit plunges on higher crude oil prices

BENGALURU (Reuters) – Indian refiner Hindustan Petroleum reported a drop in first-quarter profit on Monday, hurt by lower marketing margins as the price of crude oil remained high. The state-run company’s standalone net profit fell 94% year-on-year to 3.56 billion rupees (about $43 million) in the quarter ended June 30. Its average gross refining margin …

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US discusses with India need for peace in Ukraine amid reported Modi visit plan

By Kanishka Singh WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken on Sunday emphasized the importance of a “just and enduring peace” for Ukraine in a meeting with Indian Foreign Minister Subrahmanyam Jaishankar, the State Department said. The discussion came amid a visit being reportedly planned to Ukraine by Indian Prime Minister Narendra Modi. …

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Cricket-India reach rain-reduced target to seal T20 series v hosts Sri Lanka

(Reuters) -India beat Sri Lanka in a rain-affected Twenty20 clash by seven wickets via the Duckworth–Lewis–Stern method in Pallekele on Sunday, securing their first series win under new head coach Gautam Gambhir and T20 captain Suryakumar Yadav. Leg spinner Ravi Bishnoi did the bulk of the damage with the ball for India, running through the …

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Olympics-Badminton-Chen, Sindhu open up about the importance of a strong mind

By Richa Naidu PARIS (Reuters) -China’s Chen Yufei and India’s PV Sindhu are under tremendous pressure to perform, like all Olympians – but they are learning how to deal with the toll the badminton contest takes on their minds as well as their bodies. Sindhu knew she needed to be 100% in Paris, physically, mentally …

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Olympics-Badminton-India’s Shetty says sport needs more corporate support

By Richa Naidu PARIS (Reuters) -In a country known internationally for its obsession with cricket, badminton has been fighting tooth-and-nail for its share of the limelight in India. From Saina Nehwal, who made history at the London 2012 Games when she bagged a bronze, to two-time Olympic medallist PV Sindhu, shuttlers have in recent years …

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