By Alexander Cornwell and Bansari Mayur Kamdar DUBAI/NEW DELHI (Reuters) – India and the United Arab Emirates on Tuesday signed an agreement on a trade corridor that aims to connect Europe with India through parts of the Middle East by sea and rail, an ambitious plan backed by the U.S. and the European Union. The …
India, UAE sign pact on trans-continental trade corridor Read More »
(Reuters) – United World Wrestling (UWW) has lifted the suspension on the Wrestling Federation of India (WFI) on Tuesday, nearly five months after placing it under provisional suspension for its failure to hold an election within a reasonable time frame. The WFI has been trying to recover from a sexual harassment scandal, with a setback …
Wrestling-Global governing body lifts Wrestling Federation of India suspension Read More »
By Mayank Bhardwaj, Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) -Indian police fired teargas on Tuesday to scatter hundreds of farmers and supporters on a protest march to the capital New Delhi to demand better prices for their produce. The latest round of farmer protests comes just months before the next general election in which Prime Minister …
Why Indian farmers are marching in protest to the capital Read More »
BENGALURU (Reuters) – Sula Vineyards, India’s biggest wine manufacturer, reported a more than 9% rise in third-quarter profit on Tuesday, helped by increased demand for its premium brands and wine tourism business. The Mumbai-headquartered company said its consolidated net profit rose to 429.8 million rupees ($5.2 million) from 392.8 million rupees year ago. Its wine …
India’s Sula Vineyards posts higher Q3 profit on strong premium wine demand Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must “act fast” to lure global companies with lower tariffs, the deputy IT minister said in government documents seen by Reuters. Smartphone manufacturing is a key …
By Dharamraj Dhutia MUMBAI (Reuters) – Indian debt market participants have pushed their expectations for the start of rate cuts by at least two months following the hawkish tone of the latest monetary policy statement, as reflected in the overnight index swap (OIS) market, traders said. “From the swap market move, we can extrapolate that …
India’s swap rates hint at late start to rate cuts, traders say Read More »
By Shivam Patel NEW DELHI (Reuters) -Police in India fired tear gas on Tuesday at hundreds of farmers and their supporters during a protest march towards New Delhi to pressure the government to honour a promise it made in 2021 to pay more for crops. The march is the latest in a series of similar …
India police use tear gas on farmers demanding higher crop prices Read More »
BENGALURU (Reuters) – KRBL reported a nearly 35% drop in third-quarter profit on Tuesday, hit by a weak demand for its India Gate basmati rice brand in international markets, leading to a 6.4% decline in its shares. Consolidated net profit was 1.34 billion rupees ($16.1 million) for the quarter ended Dec. 31, compared with 2.05 …
Indian basmati rice processor KRBL’s Q3 profit drops on weak export demand Read More »
BENGALURU (Reuters) – India’s Arvind Fashions, which retails clothing from brands such as Arrow, Calvin Klein and Tommy Hilfiger, reported a slowdown in revenue growth in the key holiday quarter and warned that any improvement would only come next quarter. The company’s shares tumbled nearly 9% after the results, in their biggest intra-day slide in …
India’s Arvind Fashions posts smaller Q3 sales growth, sending shares down 9% Read More »
BENGALURU (Reuters) – Aditya Birla Group-owned Hindalco Industries reported a smaller-than-expected third-quarter profit on Tuesday, hurt by weak aluminium sales at its U.S. unit, Novelis. Hindalco’s stock price tumbled 12.5% but that was mostly due to a disappointing forecast and higher spending plans from Novelis, the world’s largest aluminium recycler that accounts for three-fifths of …
India’s Hindalco misses Q3 profit estimates on weak aluminium sales at Novelis Read More »
