NEW DELHI (Reuters) – India’s Kerala state has closed all schools and colleges until Monday due to scorching temperatures, urging people in the coastal region to limit exposure to the sun and take care to prevent wildfires. With most parts of India reeling from high temperatures, the weather department has forecast an unusually high number …
India’s Kerala shuts schools, colleges amid sweltering heat Read More »
By Rishika Sadam HYDERABAD (Reuters) – India’s food safety regulator said on Thursday it had ordered testing and inspections at all companies making spice mixes, widening an investigation into the sector as global regulators look into suspected contamination in two popular local brands. Hong Kong last month suspended sales of three spice blends made by …
India widens spices probe amid contamination concerns Read More »
BENGALURU (Reuters) – Coal India reported a better-than-expected fourth-quarter revenue on Thursday, as higher sales volumes at its pits offset a fall in prices. Indian power plants had stocked up more coal in the beginning of the year, anticipating a surge in summer electricity consumption. The company, which accounts for about 80% of the country’s …
Coal India beats revenue estimates as higher volumes offset fall in prices Read More »
BENGALURU (Reuters) – Indian IT company Coforge reported a marginally smaller-than-expected fourth-quarter revenue on Thursday amid overall tepid tech spending from clients. WHY IT’S IMPORTANT India’s $254 billion IT sector has been struggling in recent quarters as clients cut spending on non-essential projects. Macro headwinds and high-inflation environment have made clients look at contracts that …
Indian IT firm Coforge’s Q4 revenue just short of estimates, contract wins double Read More »
BENGALURU (Reuters) – Indian air-conditioner (AC) maker Blue Star’s fourth-quarter adjusted profit jumped more than 46% on Thursday, buoyed by heavy demand for its ACs as consumers prepared for a hotter-than-usual summer. WHY IT’S IMPORTANT India is currently experiencing a blistering summer, which has driven up sales of products such as ACs and coolers. In …
India’s Blue Star posts jump in Q4 adjusted profit on robust air conditioner demand Read More »
By Tora Agarwala GUWAHATI, India (Reuters) – India on Thursday deported the first group of Myanmar refugees who had sought shelter after a 2021 military coup, a top state minister said, following weeks of efforts that were hampered by fighting between Myanmar’s rebel forces and the ruling junta. Thousands of civilians and hundreds of troops …
India deports Myanmar refugees who fled 2021 coup Read More »
BENGALURU (Reuters) -India’s Adani Enterprises reported a near-38% fall in profit on Thursday due to weak performance in its roads segment and higher expenses. Consolidated net profit fell to 4.51 billion rupees ($54.1 million) for the quarter ended March 31 from 7.22 billion rupees a year ago, the Adani group’s flagship company said in an exchange …
India’s Adani Enterprises’ Q4 profit falls 38% as roads business weighs Read More »
BENGALURU (Reuters) – Consumer goods maker Dabur India reported a bigger-than-expected 16.2% rise in fourth-quarter profit on Thursday, boosted by steady domestic demand amid easing costs. The toothpaste-to-honey maker’s net profit rose to 3.50 billion rupees ($41.9 million) in January-March from 3.01 billion rupees a year earlier, edging past analysts’ estimate of 3.44 billion rupees, …
Dabur India beats Q4 profit view on steady domestic demand, lower costs Read More »
By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) – A lower turnout so far in India’s long general election has rattled Prime Minister Narendra Modi’s campaign managers, raising into question whether his Bharatiya Janata Party (BJP) and its allies can achieve the landslide victory predicted by opinion polls just one month ago. The lack …
Analysis-Low turnout, apathy in India election a worry for Modi’s campaign Read More »
By Amlan Chakraborty NEW DELHI (Reuters) – Indian boxer Lovlina Borgohain will step onto the scales a bit heavier at the Paris Olympics but feeling like a weight has been lifted from her shoulders. The 26-year-old is set to compete in the women’s 75kg event this summer after the 69kg division, in which she won …
Olympics-Moving up a division is worth the weight for India’s Borgohain Read More »
