By Aditya Kalra NEW DELHI (Reuters) – Reliance and Walt Disney have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources familiar with the matter said. Antitrust experts have warned that the Reliance-Disney merger, …
BENGALURU (Reuters) -India’s largest two-wheeler maker Hero MotoCorp narrowly missed first-quarter profit estimates on Tuesday, hurt by weak average prices, even as sales remained strong. The company reported a standalone profit after tax of 11.23 billion rupees ($133.8 million) for the quarter ended June 30, up 36% from last year. Analysts, on average, expected a …
India’s Hero MotoCorp misses Q1 profit estimate on weak average prices Read More »
BENGALURU (Reuters) -India’s Apollo Hospitals Enterprise beat first-quarter profit expectations on Tuesday, driven by higher demand for its healthcare services. The hospital chain operator reported a consolidated net profit of 3.05 billion rupees ($36.3 million), up 83% from last year. Analysts were, on average, expecting a profit of 2.92 billion rupees, as per LSEG data. …
India’s Apollo Hospitals beats Q1 profit estimates on strong demand Read More »
BENGALURU (Reuters) – Indian retailer Nykaa reported a much smaller-than-expected quarterly profit on Tuesday, hurt by slowing growth in its mainstay beauty products and especially in apparel sales. The company, listed as FSN E-Commerce Ventures, said its consolidated net profit nearly tripled to 96.4 million rupees ($1.2 million) in the first quarter. However, that was …
Indian e-tailer Nykaa misses Q1 profit estimate as apparel sales slow sharply Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – India’s weight on the MSCI Global Standard index, which tracks emerging market stocks, has risen to another record high, which is likely to attract inflows of about $3 billion into its equity markets. India has further narrowed the gap with China on the key MSCI index. While China’s weightage …
India’s weight on key MSCI equity index rises to record high; $3 billion inflows likely Read More »
WASHINGTON/TORONTO (Reuters) – As a physician specializing in addiction, Dr. Jasmeet Bains, the first Sikh American elected to the California assembly, was used to risky situations. Even so, Bains said she was shocked when four men came to her office in August last year, shortly after California adopted her resolution declaring the killing of thousands …
Some US Sikhs fear Modi government is threatening, surveilling and doxxing them Read More »
(Reuters) – India’s Bharti Enterprises said on Monday it would acquire a 24.5% stake in BT, worth 3.2 billion pounds ($4 billion), to buy out the British company’s top investor Patrick Drahi. Here is a look at some other Indian companies that own British firms. * TATA GROUP The Indian business behemoth owns the UK-based …
NEW DELHI (Reuters) – The Indian government’s gross direct tax collections for April 1 to Aug. 11 rose 24% from the previous year to 8.13 trillion rupees ($96.87 billion), a government statement said on Monday. Net direct tax collections, after adjusting for refunds, was 6.93 trillion rupees during the period, about 22.5% higher than last …
India’s direct tax collections rise 24% y/y in April-Aug, government says Read More »
BENGALURU (Reuters) -India’s retail inflation fell in July to a near five-year low, as food prices eased from previous highs due to a base effect, government data showed on Monday. Annual retail inflation was 3.54% in July, down from 5.08% in June. The latest print is the lowest since August 2019. Economists polled by Reuters …
By Manoj Kumar and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s retail inflation fell in July to a near five-year low, as food inflation eased from previous highs due to a base effect, government data showed on Monday. Annual retail inflation was 3.54% in July, down from 5.08% in June. The latest print is the …
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