LUCKNOW, India (Reuters) – An Indian court on Wednesday ruled that Hindus can offer prayers in a 17th century mosque in the holy city of Varanasi, a lawyer for the Hindu petitioners said, days after a survey said the mosque was built after the destruction of a temple there. The fight over claims to holy …
Indian court allows Hindus to pray in Varanasi mosque – lawyer Read More »
By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) -India has cut the import duty on some parts used in making mobile phones to 10% from 15%, a move benefiting companies like Apple and Xiaomi that manufacture in Asia’s third-largest economy. The import duty on parts such as battery covers, main camera lenses, back covers, …
India cuts import duty for some phone parts to 10% in boost for Apple, Xiaomi Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares recovered from a weak start on Wednesday, led by a rise in index heavyweights HDFC Bank and Reliance ahead of the keenly awaited Federal Reserve monetary policy decision. The blue-chip NSE Nifty 50 index rose 0.50% to 21,630.10 points and the S&P BSE Sensex was up 0.53% at …
Indian shares recover from weak open as HDFC, Reliance rebound Read More »
HYDERABAD (Reuters) – Indian pharmaceutical firm Dr Reddy’s Laboratories beat estimates for third-quarter profit on Tuesday, helped by strong performance in its generic drugs business in key U.S. and European markets. The Hyderabad-based company reported an 11% rise in consolidated net profit to 13.81 billion rupees ($166.17 million) for the quarter ended Dec. 31, compared …
Indian pharma firm Dr Reddy’s beats Q3 profit view on strong US, European businesses Read More »
By M. Sriram MUMBAI (Reuters) – Blackstone-owned Indian home loans provider Aadhar Housing Finance is targeting a $600 million-650 million initial public offering (IPO) at a valuation of up to $3 billion, two people with direct knowledge said on Tuesday. Private equity group Blackstone acquired Aadhar for about $300 million in 2019 as it bet …
Blackstone’s Aadhar Housing Finance targets $600 million India IPO – sources Read More »
BENGALURU (Reuters) – India’s PB Fintech, the parent of online insurance aggregator Policybazaar, reported on Tuesday its first quarterly profit since listing, as growing demand for insurance boosted revenue. The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of 380.5 million rupees ($4.58 million) for the quarter ended Dec. 31, …
India’s PB Fintech posts first quarterly profit since listing on insurance boost Read More »
BENGALURU (Reuters) – India’s New Delhi Television Ltd (NDTV), part of the billionaire Gautam Adani-led Adani Group, reported a third-quarter loss on Tuesday, as businesses cut back on advertising spending. Companies diverted advertising spends to the cricket world cup during the quarter, hurting broadcasters that were unaffiliated with the tournament. Advertising is the biggest source …
Indian broadcaster NDTV posts Q3 loss as advertising woes persist Read More »
BENGALURU (Reuters) – India’s TeamLease Services reported a return to profit growth on Tuesday after four straight quarters of falls, as steady growth in the general staffing business made up for weak demand for specialised IT staffing services. The company, which hires and trains people in several skills before supporting their placements, said its consolidated …
India’s TeamLease Services returns to profit growth on strong general staffing business Read More »
NEW DELHI (Reuters) – The Indian navy rescued two Iranian fishing vessels that had been hijacked by Somali pirates in one day, India’s defence ministry said on Tuesday. The INS Sumitra patrol vessel rescued 17 Iranian crew members aboard one boat early on Monday before responding to another distress call to free 19 Pakistani nationals …
Indian navy rescues two boats from Somali pirates in one day Read More »
(Reuters) – England quick Mark Wood said he has no complaints about his limited role in their thrilling win over India in the first test in Hyderabad despite bowling just eight overs in the second innings. Ollie Pope’s knock of 196 and a seven-wicket haul from debutant Tom Hartley inspired England to a 28-run victory …
Cricket-England’s Wood ‘not annoyed’ by limited role in win over India Read More »
