By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) -Wipro missed quarterly revenue estimates on Friday due to weak demand in Europe and Asia-Pacific, highlighting the tough task its new boss faces as he tries to turn around the fortunes of India’s No.4 software services exporter. The company’s U.S.-listed shares tumbled about 10% in early …
India’s Wipro lags IT peers with Q1 revenue miss, shares tumble Read More »
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) – Insolvency proceedings against ed-tech giant Byju’s, once India’s biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court filing seen by Reuters. Byju’s, backed by investors …
Indian ed-tech giant Byju’s faces total shutdown if insolvency proceeds, CEO says Read More »
BENGALURU (Reuters) – India’s Reliance Jio Infocomm, the telecom business of Reliance Industries, reported a bigger first-quarter profit on Friday, as it signed on more subscribers. Jio, India’s largest telecom carrier by subscriber count, said its net profit climbed 12% year-on-year to 54.45 billion rupees ($651 million) in the April-June quarter. Its revenue from operations …
India’s Reliance Jio posts bigger Q1 profit on subscriber additions Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee may drop to a lifetime low on Friday, pressured by renewed weakness in Asian peers and expectations that dollar payments will persist. Non-deliverable forwards indicate the rupee will open at 83.67-83.68 to the U.S. dollar, inching past the all-time low of 83.6650 hit in June and …
All-time low possible amid dollar payments, decline in Asian peers Read More »
By Amlan Chakraborty NEW DELHI (Reuters) – Suryakumar Yadav was appointed India’s T20 captain on Thursday ahead of Hardik Pandya and his tenure will begin with a three-match series in Sri Lanka later this month. All-rounder Pandya was vice-captain of the Rohit Sharma-led India team, who won the T20 World Cup, beating South Africa in …
Cricket-Suryakumar takes over as India’s T20 captain ahead of Pandya Read More »
BENGALURU (Reuters) – JSW Infrastructure, India’s second-largest private port operator in terms of cargo handled, reported a nearly 9% fall in first-quarter profit on Thursday, hurt by higher expenses. Its consolidated net profit fell to 2.92 billion rupees (about $35 million) in the quarter ended June 30 from 3.21 billion rupees in the year-ago period. …
India’s JSW Infrastructure posts Q1 profit fall on higher expenses Read More »
By Saurabh Sharma LUCKNOW, India (Reuters) – At least two people were killed and 20 injured after several coaches of a passenger train jumped the tracks in India’s northern state of Uttar Pradesh on Thursday, authorities said. TV visuals showed coaches of the Chandigarh-Dibrugarh Express, which connects India’s northern states to the eastern state of …
Two people dead after passenger train derails in northern India Read More »
BENGALURU – India’s Tata Communications reported its tenth straight rise in quarterly revenue on Thursday, helped by growth in its digital portfolio segment. The Tata Group-owned company’s revenue rose 18% to 56.33 billion rupees ($673.4 million) for the three months ended June 30. Tata Communications provides services such as data connections and cybersecurity to enterprises. …
By Rishika Sadam and Krishna N. Das HYDERABAD (Reuters) – Usha Chilukuri Vance, the wife of Donald Trump’s vice presidential running mate, has a great-aunt in southern India, aged 96, celebrated in local media as the country’s oldest active professor. Academic achievement marks the family of U.S.-born Vance, notably Shanthamma Chilukuri, who still travels 60 …
Indian family of Usha Vance, wife of Trump’s VP pick, known for academic prowess Read More »
By Vivek Mishra and Anant Chandak BENGALURU (Reuters) -The Indian government remains committed to upholding pre-election borrowing and spending targets in the July 23 budget, despite the ruling Bharatiya Janata Party (BJP) losing its majority in this year’s national vote, a Reuters poll found. While relying on some regional parties to form the government, the …
India gov’t to stick to February budget targets despite election rebuke Read More »
