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CHENNAI (Reuters) – India’s Marico reported quarterly earnings below market expectations on Monday, as the consumer products maker failed to spur demand in the inflation-stung rural centres. Marico’s net profit rose 17.3% to 3.53 billion rupees ($42.4 million) in the July-September quarter, but missed analysts’ average estimate of 3.57 billion rupees, according to LSEG data. …

India’s Marico misses profit estimates as rural demand drags Read More »

By Jatindra Dash and Rishika Sadam BHUBANESWAR/HYDERABAD, India (Reuters) -At least 10 people were killed and about 25 were injured in a collision between two passenger trains in India’s Andhra Pradesh state on Sunday, a senior government official said. The railway ministry said in a statement that two coaches of one of the trains carrying …

At least 10 dead in Indian train collision Read More »

BENGALURU (Reuters) – India’s SBI Cards and Payment Services Ltd posted a marginally smaller-than-expected quarterly profit on Friday, as higher finance costs offset a rise in consumer spending. The company’s profit after tax rose 14.7% to 6.03 billion rupees ($72.5 million) in the second quarter, while analysts had expected a profit of 6.06 billion rupees, …

India’s SBI Card marginally misses Q2 profit view as finance costs weigh Read More »

(Reuters) – Indian courier services provider Blue Dart Express on Friday posted a drop in profit for the fourth quarter in a row, hurt by increased expenses and muted demand. The company, controlled by Deutsche Post, said consolidated net profit fell nearly 22% to 730.6 million rupees ($8.78 million) in the second quarter. For further …

India’s Blue Dart posts fourth straight drop in quarterly profit Read More »

By Krishn Kaushik and Andrew Mills NEW DELHI/DOHA (Reuters) – Eight Indian former naval officers who were handed the death penalty by a court in Qatar on Thursday were charged with spying for Israel, a source in India and another in Qatar said. Neither New Delhi nor Doha has officially stated the charges against the …

Indians given death penalty in Qatar accused of spying for Israel, sources say Read More »