NEW DELHI (Reuters) -India’s Supreme Court declined on Friday to order any change to the vote-counting process, rejecting petitions seeking a return to the ballot system or to tally all paper slips generated as proof of voting for votes recorded by electronic machines. The order comes days after India began voting in the elections on …
India’s top court declines to order any change to vote-counting process Read More »
NEW DELHI (Reuters) – The playoffs remain a distant dream for struggling Royal Challengers Bengaluru but captain Faf du Plessis said he will sleep better after his team snapped their six-match losing streak in the Indian Premier League on Thursday. The 35-run victory against Sunrisers Hyderabad was just Bengaluru’s second win in nine matches and …
Cricket-Du Plessis to sleep better after Bengaluru end losing streak Read More »
By Nidhi Verma NEW DELHI (Reuters) -Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions. A raft of sanctions by the U.S. and allies against …
Exclusive-Russia reinsurer backs firms to get India marine insurance permit Read More »
By Nandan Mandayam and Aditi Shah BENGALURU/NEW DELHI (Reuters) -IndiGo, India’s top airline by market share, on Thursday placed its first-ever order for wide-body aircraft as the low-cost carrier intensifies its efforts to take a bigger slice of the international travel business from dominant Gulf airlines. IndiGo placed an order for 30 A350-900 aircraft and …
India’s IndiGo orders 30 Airbus A350s in bet on long-haul routes Read More »
BENGALURU (Reuters) – Auto components maker Schaeffler India on Thursday reported a 3.8% rise in first-quarter profit, boosted by demand in its automotive segment. The Indian unit of Germany’s Schaeffler AG said profit rose to 2.28 billion rupees ($27.36 million) for the three months ended March 31 from 2.19 billion rupees a year earlier. Revenue …
Auto parts maker Schaeffler India posts rise in Q1 profit on better demand Read More »
BENGALURU (Reuters) – Indian engineering research and development services provider L&T Technology Services reported a 7% rise in its fourth-quarter revenue on Thursday, in line with street expectations, aided by strong deal wins. WHY IT’S IMPORTANT Global carmakers and other transport manufacturers are increasingly pivoting to electric and self-driving models, boosting engineering R&D companies such …
India’s L&T Technology Q4 revenue meets expectations on order boost Read More »
By Manoj Kumar NEW DELHI (Reuters) – India’s engineering goods including steel and machinery exports rose 10.7% year-on-year in March to $11.28 billion, growing in double digits for the second straight month, despite ongoing supply issues caused by disruption to shipping through the Red Sea, a trade body said. Engineering goods, which account for one-fourth …
India’s engineering exports up 10.7% in March, says trade body Read More »
By Dimpal Gulwani and Siddhi Nayak BENGALURU (Reuters) -India’s IndusInd Bank narrowly beat fourth-quarter profit estimates on Thursday, aided by healthy loan growth, but the lending margin dropped slightly both on a sequential and year-on-year basis. The private lender posted a net profit of 23.47 billion rupees ($281.7 million) for the quarter ended March 31, …
India’s IndusInd Bank beats Q4 profit view on strong loan growth Read More »
(Reuters) – The forecast of an above-normal monsoon in 2024 bodes well for a good harvest and may ease India’s inflation concerns, a monthly economic review by the finance ministry said on Thursday. The India Meteorological Department (IMD) last week said the country is likely to receive above average monsoon rainfall in 2024, in a …
Monsoon forecast bodes well, may ease inflation concerns, India economic report says Read More »
NEW DELHI (Reuters) – India’s Election Commission said on Thursday it has sought responses from the ruling Bharatiya Janata Party (BJP) and the opposition Congress on alleged violations of poll rules by Prime Minister Narendra Modi and opposition leader Rahul Gandhi. India is holding the world’s largest election over seven phases, with votes due to …
India’s poll panel seeks responses to complaints against Modi, Rahul Gandhi Read More »
