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By Akash Sriram and Nandan Mandayam POCHAMPALLI, TAMIL NADU (Reuters) – Indian electric vehicle maker Ola Electric Mobility launched a new series of motorcycles on Thursday, days after it went public, expanding into an untapped segment in the world’s largest two-wheeler market. India’s electric two-wheelers are almost entirely scooters, with more expensive motorcycles accounting for …

India’s Ola Electric launches electric motorcycles days after going public Read More »

(Reuters) – India have appointed Morne Morkel as their new bowling coach with the former South Africa international paceman officially joining head coach Gautam Gambhir’s staff next month, local media reported. Morkel resigned from his role as Pakistan’s bowling coach in November last year, a few days after they finished fifth in the 50-overs World …

Cricket-South African Morkel appointed India’s bowling coach, media reports say Read More »

(Reuters) – The Court of Arbitration for Sport (CAS) has dismissed Indian wrestler Vinesh Phogat’s appeal against disqualification from the Paris Olympics after she failed to make weight for her women’s 50kg freestyle final last week. Phogat was set to face American Sarah Hildebrandt for the gold medal on Aug. 7 but was found 100 …

Olympics-CAS dismisses Indian wrestler Phogat’s appeal against disqualification Read More »

BENGALURU (Reuters) -India’s top e-scooter maker Ola Electric reported a bigger quarterly loss on Wednesday, hurt by subsidy cuts and a surge in depreciation costs, but said it was inching closer to breaking even in a key profit metric. The company, which made its trading debut last week, also said it would equip its e-scooters …

Indian EV maker Ola Electric’s Q1 hurt by subsidy cuts; break-even target close Read More »

BENGALURU (Reuters) -Indian miner Vedanta Ltd will sell a 3.3% stake worth more than $950 million in unit Hindustan Zinc, it said on Wednesday, bigger than the 2.6% stake it initially planned to hive off. Vedanta said it will sell 140 million Hindustan Zinc shares. That values the sale at 80.05 billion rupees (about $954 …

Indian miner Vedanta boosts stake sale in Hindustan Zinc to top $950 million Read More »

BENGALURU (Reuters) -Indian budget carrier SpiceJet reported a drop in first-quarter profit on Wednesday, as it flew fewer passengers amid legal and financial troubles. The company reported a standalone profit of 1.50 billion rupees ($17.9 million) for the quarter ended June 30, down 26.7% from last year. This excludes the business of its subsidiaries, including …

Indian carrier SpiceJet’s Q1 profit drops on fewer flights Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares were little changed on Wednesday as broad-based profit booking offset gains in information technology (IT) stocks after softer U.S. producer prices data signalled cooling inflation in the country. The NSE Nifty 50 index was up 0.04% at 24,149.05 as of 10:34 a.m. IST, and the S&P BSE Sensex …

Indian shares flat as profit booking offsets IT gains Read More »