By Anant Chandak and Vivek Mishra BENGALURU (Reuters) – The outlook for the Indian rupee has barely changed from last month as the Reserve Bank of India’s interventions keep the currency, deemed expensive compared with its peers, in a tight range, according to a Reuters poll of foreign exchange analysts. A sharp fall in global …
RBI’s firm grip to keep rupee anchored in narrow range: Reuters poll Read More »
BENGALURU (Reuters) – India’s Fortis Healthcare on Tuesday reported the resignation of Ravi Rajagopal as the company’s chairman, citing his “expanded board commitments in the U.K and other regions”. Rajagopal will also cease to be a member of the company’s Corporate Social Responsibility Committee, it added. His departure will be effective Sept. 30. Rajagopal was …
India’s Fortis Healthcare chairman Ravi Rajagopal resigns Read More »
By Kashish Tandon and Nandan Mandayam BENGALURU (Reuters) – Ola Electric’s IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India. The SoftBank-backed company’s $734 million IPO, also India’s biggest so far this year, received bids …
Ola Electric gets bids worth $1.8 billion in India’s first EV IPO Read More »
BENGALURU (Reuters) – Cummins India, a unit of U.S.- based truck engine maker Cummins, reported a 31% surge in first-quarter profit, driven by increasing domestic demand for its power generators. The company’s consolidated profit after tax rose to 4.63 billion rupees (about $55 million) in the three months ended June 30 from 3.54 rupees a …
Cummins India’s quarterly profit rises on higher demand for power generators Read More »
BENGALURU (Reuters) – India’s PB Fintech, the parent of online insurance aggregator Policybazaar, reported a profit for a third-straight quarter on Tuesday, aided by rising sales of insurance policies. The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of 601.8 million rupees ($7.2 million) for the quarter ended June 30, …
India’s PB Fintech posts Q1 profit on insurance boost Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Amazon.com India’s country head Manish Tiwary has resigned after an eight-year stint and will leave the e-commerce giant in October, the company said on Tuesday. His resignation comes as Amazon is fast expanding in India where it plans to invest $26 billion by 2030, but …
Amazon India head Manish Tiwary to leave company Read More »
NEW DELHI (Reuters) – India on Tuesday told those travelling to the United Kingdom to be cautious and follow the advice of security agencies after violent protests in different parts of Britain. The fatal stabbing of three young girls in the northwest English town of Southport last week has been seized on by anti-immigrant and …
India advises visitors to Britain to stay cautious amid rising violence Read More »
MUMBAI (Reuters) – India’s gold industry, with the support of the World Gold Council (WGC), has established a self-regulatory organisation in a bid to increase consumer confidence and restore trust, the WGC said on Tuesday. The newly-formed Indian Association for Gold Excellence and Standards (IAGES) aims to promote fair, transparent and sustainable practices in the …
Indian gold industry forms self-regulatory body with WGC backing Read More »
By Richa Naidu PARIS (Reuters) – Denmark’s Viktor Axelsen beat Kunlavut Vitidsarn of Thailand to win his second successive men’s singles Olympic gold medal in badminton at the Port de La Chapelle Arena in Paris on Monday. Malaysia’s Lee Zii Jia bagged the bronze after defeating India’s Lakshya Sen. (Reporting by Richa Naidu; Editing by …
Olympics-Badminton-Denmark’s Axelsen beats Thailand to the men’s singles gold Read More »
By Nandan Mandayam and Kashish Tandon BENGALURU (Reuters) -Ola Electric’s $734 million initial public offering (IPO) was fully subscribed on the second day of bidding, reaching the target amid a sharp sell-off in global equity markets. The SoftBank-backed company’s IPO, the first by an electric vehicle maker in India and also the country’s biggest this …
Indian e-scooter maker Ola Electric’s $734 million IPO fully subscribed Read More »
