BENGALURU (Reuters) – India’s Axis Bank has re-appointed Amitabh Chaudhry as its chief executive officer and managing director, the private lender said on Thursday. Chaudhry, who joined Axis Bank as its MD and CEO in January 2019, has been re-appointed for three years, effective January 1, 2025. The decision is subject to approval from the …
India’s Axis Bank re-appoints Amitabh Chaudhry as MD, CEO Read More »
By Munsif Vengattil and Saurabh Sharma BENGALURU/LUCKNOW (Reuters) – Indian forest service official Surya Sen usually manages a city zoo, but during the world’s largest general elections, he has a very different task – rooting out online misinformation to prevent any disturbances. As nearly a billion voters head to the polls in a mammoth six-week …
India sieves online deluge to stamp out disinformation in world’s biggest election Read More »
(Reuters) – Indian cement maker Dalmia Bharat reported a smaller-than-expected fall in fourth-quarter profit on Wednesday as higher sales volume helped offset the rollback in pricing. Consolidated net profit fell to 3.15 billion rupees (nearly $38 million) for the quarter ended March 31, from 5.89 billion rupees a year ago. Analysts, on average, estimated the …
India’s Dalmia Bharat beats Q4 profit view on strong volume growth Read More »
By Ashna Teresa Britto and Praveen Paramasivam BENGALURU/CHENNAI (Reuters) -Hindustan Unilever, the Indian arm of UK’s Unilever, posted a bigger-than-expected fall in quarterly profit on Wednesday, but indicated signs of a much-anticipated sales recovery in rural areas. Branded consumer goods giants have struggled to drive sales in Indian villages over the last several quarters due …
Unilever’s India quarterly profit disappoints; sees signs of rebound in rural sales Read More »
By Dimpal Gulwani and Siddhi Nayak BENGALURU (Reuters) -India’s Axis Bank reported fourth-quarter profit above estimates on Wednesday, helped by strong loan growth and higher lending income. The private lender reported a standalone net profit – which excludes its subsidiaries – of 71.30 billion rupees ($856.3 million) for the quarter ended March 31, compared with …
India’s Axis Bank beats Q4 profit estimates on strong loan, NII growth Read More »
Bengaluru (Reuters) -LTIMindtree, India’s sixth-largest software company, posted a smaller-than-expected fourth-quarter revenue on Wednesday amid weakness in its banking vertical. Consolidated revenue rose 2.3% to 88.93 billion rupees ($1.07 billion) in the January-March quarter, falling short of analysts’ estimates of 89.82 billion rupees, as per LSEG data. The company’s banking, financial services and insurance (BFSI) …
India’s LTIMindtree’s Q4 revenue misses estimates as banking vertical bites Read More »
By Milounee Purohit BENGALURU (Reuters) – The biggest economic challenge for the government after the ongoing election is unemployment, according to economists polled by Reuters who expected the world’s most populous country to grow a healthy 6.5% this fiscal year. Despite growing at the fastest pace among major peers, the economy has failed to generate …
Unemployment biggest worry in India, world’s fastest growing economy: Reuters poll Read More »
By Manoj Kumar NEW DELHI (Reuters) – India’s agricultural food exports in the 2023/24 financial year fell slightly short of the previous year, hitting about $50 billion as efforts to diversify shipments to the United States, Europe and other markets helped to offset curbs on rice, wheat and sugar exports. The export curbs were imposed …
India diversifies food exports as curbs on domestic staples weigh Read More »
MUMBAI (Reuters) – Extreme weather events along with prolonged geopolitical tensions could pose a risk to India’s inflation trajectory, even as growth in the South Asian nation exhibits an uptrend, the Reserve Bank of India (RBI) said in its latest bulletin on Tuesday. “…food price pressures have been interrupting the ongoing disinflation process even as …
India’s inflation at risk from extreme weather, geopolitical issues, cenbank says Read More »
By YP Rajesh and Rupam Jain NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi and his Hindu nationalist party have begun attacking opposition rivals, saying they favour minority Muslims, in what analysts see as a bid to invigorate their hardline base after general elections began last week. India began voting on Friday in a …
India’s Modi calls rivals pro-Muslim as election campaign changes tack Read More »
