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BENGALURU (Reuters) – Reliance Industries’ third-quarter revenue came in slightly below estimates on Friday due to lower price realisation on its refined products and the planned shutdown of some units at its refinery complex in the western state of Gujarat. The Jamnagar complex, which houses two plants with a combined capacity of about 1.4 million …

India’s Reliance Industries posts Q3 revenue just shy of estimates on refinery shutdowns Read More »

By Praveen Paramasivam CHENNAI (Reuters) -Hindustan Unilever (HUL), the Indian arm of UK’s Unilever, posted a smaller-than-expected increase in quarterly profit on Friday as competition in the consumer goods space heated up and demand in rural regions remained low. Consumer goods giants, including HUL peers Nestle India and Britannia Industries, have been struggling with a …

Unilever India’s Q3 results hit by competition, sluggish rural demand Read More »

NEW DELHI (Reuters) – A cut in duty on mobile phone parts is the “good logical next step” for India, as the nation aims to boost production and exports, the electronics minister told CNBC TV-18 in an interview on Friday. “We have to move from import substitution to export-led growth, that is the transition we …

India minister sees case for duty cuts on mobile phone parts – TV Read More »

By Sumit Khanna AHMEDABAD, India (Reuters) – At least 12 children and their two teachers drowned in India on Thursday when a boat on which they were riding during a picnic capsized, officials said. Rescuers pulled 20 children to safety from Harni lake in Vadodara city and are searching for two more who are missing, …

At least 12 children, two teachers drown in Indian lake after pleasure boat capsizes Read More »

By Anushree Fadnavis and Rupam Jain ROHTAK, India (Reuters) -Thousands of men queued in India’s northern state of Harayana during a recruitment drive to send workers to Israel, where the offensive in Gaza, now in its fourth month, has caused a shortage of labour. Masons, painters, electricians, plumbers and some farmers said they were looking …

Indian workers seek jobs in Israel, undeterred by conflict Read More »

By Swati Bhat MUMBAI (Reuters) – India must aim to sustain the current growth momentum and secure a real GDP growth of at least 7% next fiscal year in an environment of macroeconomic stability, the Reserve Bank of India said in its monthly bulletin released on Thursday. “In India, potential output is picking up with …

India must sustain growth momentum, secure at least 7% growth in FY25 -RBI bulletin Read More »

BENGALURU (Reuters) – Tata Technologies will invest 150 billion rupees ($1.80 billion) in the Indian state of Telangana to set up government-affiliated skilling centres, the state government said on Thursday. The investment from the unit of Tata Motors is the second commitment to the Telangana government in two days after the Adani Group announced a …

India’s Tata Technologies to invest $1.8 billion in Telangana state Read More »