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BENGALURU (Reuters) – Indian tobacco-to-hotels conglomerate ITC missed first-quarter profit estimates on Thursday as higher expenses and competition from more affordable brands hurt. The Sunfeast biscuits maker’s profit edged up to 49.17 billion rupees ($587.4 million) for the quarter but missed analysts’ estimate of 51.62 billion rupees, per LSEG data. ITC, like peers Dove-soapmaker Hindustan …

India’s ITC misses Q1 profit view; expenses, competition bite Read More »

SYDNEY (Reuters) – India’s Ola Electric has priced the institutional portion of its initial public offering (IPO) at 76 rupees ($0.9076) per share to raise $330 million, according to a term sheet seen by Reuters. The electric scooter maker plans to raise $734 million in the deal which will be the largest Indian IPO so …

India’s Ola Electric prices institutional portion of IPO at 76 rupees/shr, term sheet shows Read More »

By Forrest Crellin PARIS (Reuters) – India goalkeeper PR Sreejesh always knew the Paris Olympics would be his last major tournament after an illustrious 18-year career and a final chance to win Olympic gold. India ended a 41-year medal drought in men’s Olympic hockey with bronze in Tokyo three years ago and their veteran team …

Olympics-Hockey-Smiling India GK Sreejesh relishing last dance Read More »

By Ashna Teresa Britto BENGALURU (Reuters) -India’s Zomato reported a bigger-than-expected increase in quarterly profit on Thursday, fueled by soaring demand at its quick commerce division Blinkit and steady growth in its core food delivery business. The company’s consolidated net profit rose to 2.53 billion rupees ($30.22 million) in the April-June quarter from 20 million …

Blinkit delivers surging Q1 profit for India’s Zomato Read More »

By Forrest Crellin PARIS (Reuters) – Belgium’s men beat India 2-1 in a tight Olympic Pool B match on Thursday as a penalty corner goal in the third quarter gave them poll position for the quarter-finals while Britain and Argentina also sealed last-eight spots. Belgium defended bravely to limit a quick India offence that scored …

Olympics-Hockey-Belgium beat India to stay top, Britain, Argentina advance Read More »