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India probing iPhone hacking complaints by opposition politicians – minister

(Corrects first name of minister in first paragraph to Ashwini) NEW DELHI (Reuters) – India’s cyber security agency is investigating complaints of mobile phone hacking by senior opposition politicians who reported receiving warning messages from Apple, Information Technology Minister Ashwini Vaishnaw said. Vaishnaw was quoted in the Indian Express newspaper as saying on Thursday that …

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Blinken, Austin to discuss Indo-Pacific with Indian counterparts in November

(Reuters) – U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin will meet with their Indian counterparts later this month in New Delhi to discuss “concerns and developments in the Indo-Pacific”, the State Department said on Wednesday. The meeting with India’s foreign minister Subrahmanyam Jaishankar and the country’s defense minister Rajnath Singh comes …

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India’s Adani-owned Ambuja Cements misses Q2 revenue view on weak sales volumes

By Hritam Mukherjee BENGALURU (Reuters) -India’s Ambuja Cements on Wednesday missed quarterly revenue estimates after higher prices damped sales volumes. Revenue from operations grew 8% to 39.7 billion rupees ($476.8 million) for the three months ended Sept. 30, but fell short of analysts’ estimate of 41.43 billion rupees, according to LSEG data. Despite infrastructure and …

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India’s Kansai Nerolac posts Q2 profit rise on lower expenses

BENGALURU (Reuters) – Indian paintmaker Kansai Nerolac reported a rise in second-quarter profit on Wednesday as a drop in raw material costs more than made up for slowing revenue growth. The company, owned by Japan’s Kansai Paint Co, said its consolidated net profit rose 56% to 1.77 billion rupees ($21.26 million) for the three months …

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India authorises Apple, Dell, Lenovo and others to import laptops, tablets -sources

By Shivangi Acharya NEW DELHI (Reuters) – Apple, Dell, HP, Samsung and Lenovo are among 110 firms authorised by India to import laptops, tablets and personal computers under a new system aimed at monitoring shipments, two government sources said. Acer, Xiaomi, IBM and ASUS have also been issued import authorisations, the two sources said, under …

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India’s Hero MotoCorp Q2 profit beats expectations

BENGALURU (Reuters) -India’s Hero MotoCorp on Wednesday beat second-quarter profit expectations, as lower commodity costs and price hikes helped offset muted sales. Hero’s standalone profit after tax rose 47.2% to 10.54 billion rupees ($126.6 million) in the July-September quarter, beating analysts’ average expectation of 9.69 billion rupees as per LSEG data. The New Delhi-based company’s …

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Indian two-wheeler wholesales inch closer to pre-COVID levels

By Nandan Mandayam BENGALURU (Reuters) – Indian two-wheeler makers’ sales to dealers inched closer to pre-pandemic volumes in October due to strong festive demand and discounts on entry-level models, data published by companies showed on Wednesday. Indians generally make big-ticket purchases, including vehicles, during the festive period, which runs from mid-October to mid-November this year. …

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