BENGALURU (Reuters) – India’s Tata Chemicals reported its first quarterly loss in nine years on Monday, hurt by a one-time charge incurred in its UK operations along with lower prices and demand of soda ash. It reported a consolidated net loss of 8.5 billion rupees ($101.9 million) in the quarter ended March 31, compared to …
NEW DELHI (Reuters) – Taxing people’s inheritance cannot address inequality and has “never removed poverty”, Indian Prime Minister Narendra Modi told The Times of India newspaper, alleviating fears that such a tax could be imposed if he returns to power after the elections. Inheritance tax and wealth tax have become key campaign issues in the …
Inheritance tax cannot remove inequality, India’s Modi says Read More »
(Reuters) – Virat Kohli brushed aside criticism of his strike rate with a sublime half-century in the Indian Premier League (IPL) on Sunday as the former Indian captain continued his good form ahead of the Twenty20 World Cup in June. The Royal Challengers Bengaluru batsman smashed an unbeaten 44-ball 70 against Gujarat Titans as the …
Cricket-Kohli shuts down strike rate critics with fiery IPL knock Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open little changed on Monday and likely to remain in a narrow range through the week as the market focuses on the Federal Reserve’s interest rate decision and important U.S. data. Non-deliverable forwards indicate rupee will open barely changed from 83.34 in the …
Rupee likely in narrow range in week with key US data, Fed policy decision Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is expected to be rangebound and, alongside government bonds, will take it cues from the Federal Reserve’s commentary on the future trajectory of policy rates amid concerns about elevated U.S. inflation. The rupee closed flat at 83.34 on Friday but was up 0.1% …
Indian rupee, bonds to take cues from Fed policy decision Read More »
(Reuters) – Australia’s Jake Fraser-McGurk has made a strong case for inclusion in their Twenty20 World Cup squad, former skipper Michael Clarke said after the top-order batsman lit up the Indian Premier League (IPL) again with his pyrotechnics. Fraser-McGurk blasted 84 runs off 27 balls, a knock that included 11 fours and six sixes, to …
Cricket-Australia’s Fraser-McGurk goes berserk in IPL to push for World Cup spot Read More »
(Reuters) – Punjab Kings achieved the highest successful run chase in IPL history on Friday, chasing down the target of 262 set by Kolkata Knight Riders, as they clinched an eight-wicket win to break the previous record of 226-6 set by Rajasthan Royals in 2020. Opener Jonny Bairstow’s unbeaten 108 off 48 balls, with eight …
Cricket-Punjab pull off IPL’s highest run chase in eight-wicket win over Kolkata Read More »
By Chandini Monnappa, Joseph Campbell and Sunil Kataria BENGALURU (Reuters) – Dire water shortages, flooding, gridlocked roads and poor civic facilities have become major issues in Bengaluru city, residents in India’s tech hub said as they voted on Friday in a general election that is otherwise focused on jobs, inflation and Hindu nationalism. The southern …
Water shortages, traffic aggravate India’s Bengaluru as it votes Read More »
BENGALURU (Reuters) – India’s SBI Cards and Payment Services reported a surprise 11% rise in fourth-quarter profit on Friday as higher retail spending more than made up for a rise in bad loans. The company’s profit after tax rose to 6.62 billion rupees ($79.4 million) for the January-March period from 5.96 billion rupees a year …
India’s SBI Card posts surprise Q4 profit rise on steady retail spending Read More »
By VarunVyas Hebbalalu and Nandan Mandayam BENGALURU (Reuters) – India’s biggest carmaker Maruti Suzuki fell short of fourth-quarter profit estimates on Friday, as higher input costs and discounts on small cars offset the price hikes that the company implemented at the beginning of the quarter. Maruti’s standalone profit rose 47.8% on year to 38.78 billion …
India’s Maruti Suzuki misses Q4 profit view on higher input costs, discounts Read More »
