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BENGALURU (Reuters) – Engineering firm Honeywell Automation India reported a 20.6% jump in third-quarter profit on Thursday, helped by a surge in government spending on infrastructure. Profit at the Indian arm of U.S.conglomerate Honeywell International was 1.28 billion rupees ($15.4 million) for the three months ended Dec. 31, compared with 1.06 billion rupees a year …

Honeywell Automation India’s Q3 profit jumps on infrastructure spending boost Read More »

BENGALURU/CHENNAI (Reuters) -Indian food delivery platform Zomato reported a quarterly profit that beat market expectations on Thursday, aided by increased demand during the men’s Cricket World Cup and the festive period. Shares, which had climbed 22% in the December quarter, rose more than 3% after Zomato posted a profit for the third straight quarter. The …

Indian food delivery platform Zomato beats Q3 profit estimates on higher demand Read More »

By Saurabh Sharma and Krishna N. Das NEW DELHI (Reuters) – Thousands of Hindus have been flocking to the site of India’s 17th century Gyanvapi mosque where Hindu priests have been allowed to say prayers from a cellar in the latest sectarian dispute over holy sites. A court ruled on Jan. 31 that Hindu priests …

Hindus throng another disputed mosque in India Read More »

BENGALURU (Reuters) – Page Industries, which licenses products of innerwear and loungewear brand Jockey in India, posted its first increase in profit in five quarters on Thursday, helped by higher margins. The company, which manufactures and distributes sports and athleisure wear, said its profit rose 23% year-over-year to 1.52 billion rupees ($18.3 million) in the …

Jockey India licensee posts higher Q3 profit, helped by higher margins Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares declined on Thursday, dragged by rate-sensitive sectors, following the Reserve Bank of India’s (RBI) decision to keep its key interest rate unchanged for a sixth consecutive meeting, in line with expectations. The NSE Nifty 50 index fell 0.75% to 21,767.15, while the S&P BSE Sensex dropped 0.78% to 71,588.64, …

Indian shares drop after RBI rate decision Read More »

(Reuters) -India’s key rate was left unchanged for a sixth straight meeting on Thursday, in line with expectations, as inflation remained above the central bank’s 4% medium-term target while economic growth continued to be resilient. The six-member monetary policy committee (MPC), consisting of three Reserve Bank of India (RBI) and three external members, left the …

India’s central bank leaves rates unchanged, as expected Read More »

By Krishn Kaushik NEW DELHI (Reuters) -Uttarakhand, a small northern Indian state governed by Prime Minister Narendra Modi’s Hindu nationalist party, passed a bill to replace religion-specific civil laws with a Uniform Civil Code, which could be used as a template by other states. The bill, debated by Uttarakhand’s legislature on Wednesday, sailed through as …

Explainer-What is India’s civil code and why does it anger Muslims? Read More »