By Trevor Hunnicutt WASHINGTON (Reuters) – President Joe Biden said on Wednesday that “xenophobia” from China to Japan and India is hobbling their growth, as he argued that migration has been good for the U.S. economy. “One of the reasons why our economy’s growing is because of you and many others. Why? Because we welcome …
Biden blames China, Japan and India’s economic woes on ‘xenophobia’ Read More »
By Shivam Patel NEW DELHI (Reuters) -Eastern India experienced its hottest April on record as a heatwave scorched parts of the country amid a general election, killing at least nine people, and the weather office on Wednesday forecast above normal temperatures for May too. Searing heat has been cited by political analysts as one of …
Parts of India record hottest April as heatwave kills nine Read More »
NEW DELHI (Reuters) – Dozens of schools in India’s national capital region were evacuated on Wednesday after they received a bomb threat by email, police said, adding that “nothing objectionable” was found during searches of the schools. More than 50 schools in Delhi and the adjoining suburb of Noida received the threatening email, officials said, …
Dozens of schools in India’s capital region evacuated after email bomb threat hoax Read More »
NEW DELHI (Reuters) – India summoned the Canadian Deputy High Commissioner on Monday and expressed “deep concern and strong protest” after separatist slogans in support of a Sikh homeland were raised at an event addressed by Prime Minister Justin Trudeau. Bilateral diplomatic relations soured last year after Trudeau said Canada was “actively pursuing credible allegations” …
India protests over separatist slogans allowed at Toronto event Read More »
BENGALURU (Reuters) – Indian apparel retailer Trent reported a five-fold jump in quarterly profit on Monday, its third straight quarter of triple-digit profit growth, as it opened more of its lower-priced Zudio brand of stores. The Tata Group-owned company reported its consolidated profit before exceptional items and tax rose to 3.01 billion rupees ($36.1 million) …
India’s Trent posts five-fold jump in Q4 profit on more Zudio apparel stores Read More »
THIRUVANANTHAPURAM, India (Reuters) -At least two people have died in the southern India’s state of Kerala of suspected heat stroke, media reported on Monday, as the country battles temperatures soaring to record levels. A 90-year-old woman and a 53-year-old man died in Kerala on Sunday, the Hindu newspaper reported, as temperatures soared to 41.9 degrees …
Two people die in southern India as heatwave scorches region Read More »
By Leroy Leo and Rishika Sadam BENGALURU (Reuters) -India’s Manipal Hospitals said on Monday it will acquire an 87% stake in Medica Synergie as it aims to expand its footprint in eastern India. The transaction is valued at 14 billion rupees ($167.75 million), three sources familiar with the matter told Reuters, on conditions of anonymity. …
BENGALURU (Reuters) – Gillette India posted a nearly 4% fall in third-quarter profit on Monday as stiff domestic competition dampened demand. Gillette India, known for its Mach 3 brand of shaving razors, reported a profit of 990.9 million rupees ($11.9 million) for the January-March quarter, compared with 1.03 billion rupees a year earlier. Consumer goods …
Gillette India posts slip in Q3 profit on rigid competition Read More »
BENGALURU (Reuters) – India’s central bank directed lenders on Monday to review practices such as disbursal of loans and application of interest in its latest move aimed at tightening the scrutiny of the sector. The Reserve Bank of India said it “came across instances of lenders resorting to certain unfair practices in charging of interest”, …
India cenbank directs lenders to review loan, interest related practices Read More »
By Hritam Mukherjee BENGALURU (Reuters) -UltraTech Cement, India’s largest cement maker by capacity, topped fourth-quarter profit estimates on Monday on strong sales volumes but said it expects demand to moderate in the current fiscal year. “There might be some moderation in cement demand in FY25, but expect it to be of lesser duration than in …
India’s UltraTech Cement tops Q4 profit view, sees moderate demand in fiscal 2025 Read More »
