BENGALURU (Reuters) – Indian thermal power producer Adani Power reported an increase in third-quarter profit on Thursday, as strong industrial demand drove a recovery from a massive slump in profit the previous year. The company reported a consolidated net profit of 27.38 billion rupees ($329.6 million) in the three months to Dec. 31. Adani Power’s …
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BENGALURU (Reuters) – India’s Tata Technologies reported a near-15% climb in profit in its first results since going public, helped by strong demand from the automobile sector. The unit of Tata Motors reported a consolidated net profit of 1.70 billion rupees ($20.5 million) for the quarter ended Dec. 31, compared to 1.48 billion rupees a …
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By Amlan Chakraborty HYDERABAD, India (Reuters) -Hosts India bowled out England for a modest 246 and then cruised to 119 for one in reply on day one of the opening test at Rajiv Gandhi International Stadium on Thursday. Ben Stokes produced a captain’s knock of 70 to help England post a competitive total before they …
Cricket-India’s Jaiswal leads robust reply after England post 246 Read More »
OTTAWA (Reuters) – An independent commission probing alleged foreign interference in Canada asked the Trudeau government on Wednesday to share information about possible meddling in elections by India, a development that could aggravate already-tense Ottawa-New Delhi relations. The commission was set up by Prime Minister Justin Trudeau’s government in September to conduct a public inquiry …
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NEW DELHI (Reuters) – India’s cabinet on Wednesday approved plans to provide incentives worth 85 billion rupees ($1.02 billion) for projects to convert coal into gas, the coal and mines minister said, as it seeks to reduce its reliance on imported fuel. The financial assistance by the government will include 40.5 billion rupees for Public …
India approves 85 billion rupees in incentives for coal gasification Read More »
By VarunVyas Hebbalalu, Nandan Mandayam and Kashish Tandon BENGALURU (Reuters) -India’s TVS Motor and Bajaj Auto on Wednesday forecast lingering challenges to recovery in exports, even as both beat third-quarter profit estimates. Successive festive and wedding seasons, periods when Indians prefer to make big-ticket purchases, helped TVS and Bajaj Auto post profits comfortably above analyst …
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By Amlan Chakraborty HYDERABAD, India (Reuters) -Spinner Shoaib Bashir has been ruled out of England’s opening test against India following a visa delay, now resolved, an episode that has marred the buildup to the five-match series between the sides beginning in Hyderabad on Thursday. Bashir, who is of Pakistani heritage, returned to London from Abu …
Cricket-England’s Bashir granted visa for India but still misses first test Read More »
BENGALURU (Reuters) – Indian tyre maker CEAT reported a bigger-than-expected rise in third-quarter profit on higher margins, as price hikes made up for a rise in raw material costs and a slow recovery in sales growth. CEAT’s consolidated net profit rose more than five times to 1.81 billion rupees (nearly $22 million) for the quarter …
India’s CEAT beats profit view on higher margins from price hikes Read More »
(Reuters) – Indian logistics services provider Blue Dart Express reported a flat third-quarter profit on Wednesday, snapping four straight quarters of profit fall, driven by festive season-induced demand recovery. Consolidated net profit rose to 888.9 million Indian rupees ($10.70 million) from 886.6 million rupees a year ago in the December quarter, the Deutsche Post DHL …
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BENGALURU (Reuters) – Container Corporation of India (Concor) reported a jump in third-quarter profit on Wednesday, supported by growth in volumes of cargo handled that eclipsed higher freight prices being passed to consumers. The state-owned company reported a consolidated net profit of 3.31 billion rupees ($39.8 million) for the quarter ended Dec. 31, up 12% …
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