By Amlan Chakraborty NEW DELHI (Reuters) -Spin great and former India captain Bishan Singh Bedi died on Monday prompting many tributes from his admirers from across the cricketing world. Bedi, who had been unwell for the last couple years, was 77. “His passion for the sport was unwavering and his exemplary bowling performances led India …
BENGALURU (Reuters) – Mahindra Holidays and Resorts India posted a 47.8% drop in second-quarter profit on Monday, dragged down by its European business and higher expenses. The hospitality chain, which runs the ‘Club Mahindra’ brand of resorts, said its consolidated net profit fell to 213.4 million rupees ($2.57 million) for the quarter ended Sept. 30, …
India’s Mahindra Holidays’ Q2 profit nearly halves Read More »
BENGALURU (Reuters) – India’s PNB Housing Finance reported a 45.8% rise in the second-quarter profit on Monday, aided by healthy demand for home loans and improved asset quality. The Indian mortgage lender said its consolidated net profit after tax rose to 3.83 billion rupees ($46.06 million) for the quarter ended Sept. 30 from 2.63 billion …
India’s PNB Housing Finance posts 46% surge in Q2 profit on strong loan demand Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares fell on Monday, with the benchmark Nifty 50 index logging its worst session in more than seven months, as the widening conflict in the Middle East and elevated U.S. bond yields dragged investor sentiment. The NSE Nifty 50 index lost 1.34% to 19,281.75, its worst session since March …
India’s Nifty logs worst session in seven months on MidEast woes, high US yields Read More »
(Reuters) – A home-made practice facility Mohammed Shami built just before COVID-19 lockdowns kept the India pace bowler sharp ahead of his successful World Cup comeback against New Zealand. Shami claimed 5-54 in Dharamsala on Sunday to help the hosts to a four-wicket win and a 5-0 unbeaten record at the tournament. In early-2020, Shami …
Cricket-COVID lockdown training base kept Shami sharp for World Cup comeback Read More »
BENGALURU (Reuters) – India’s New Delhi Television Ltd (NDTV), part of the Adani Group, reported a nearly 51% drop in second quarter profit on Monday, as businesses cut back on advertising spending in the face of rising interest rates. Consolidated net profit was 59.1 million rupees ($710,803.00) in the three months to Sept. 30, compared …
India’s Adani-owned NDTV Q2 profit falls amid advertising woes Read More »
BENGALURU (Reuters) -Shares of India’s second-largest private lender ICICI Bank rose on Monday, after the bank posted a record-high quarterly profit. The lender’s stock rose as much as 1.3%, landing it among the top gainers on the Nifty Private Bank and blue-chip Nifty 50 indices. ICICI Bank is the third-heaviest stock on the Nifty 50 …
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to fall on Monday, tracking weakness in Asian shares and currencies, while investors eyed the impact of the Reserve Bank of India’s $5 billion swap maturity. Non-deliverable forwards (NDFs) indicate the rupee will open at around 83.16-83.18 to the U.S. dollar, compared with 83.1225 …
Rupee may drop on weak risk, eyes fallout of RBI’s swap maturity Read More »
MUMBAI (Reuters) -Shares of Kotak Mahindra Bank fell more than 2% on Monday after it named veteran banker Ashok Vaswani as managing director and CEO following founder Uday Kotak’s resignation, raising fears of volatility in the Indian lender’s business going forward. Shares fell as much as 2.7% to 1,722.45 rupees on Monday. The stock was …
India’s Kotak Mahindra Bank drops over 2% after naming outsider as new CEO Read More »
DHARAMSALA, India (Reuters) -Virat Kohli’s crafty 95 trumped Daryl Mitchell’s rapid 130 as hosts India beat New Zealand by four wickets in a top-of-the-table clash in the 50-overs World Cup on Sunday. Kohli could not complete the chase but was instrumental again as India reached a victory target of 274 with two overs to spare …
Cricket-Kohli masterminds chase as India beat New Zealand despite Mitchell ton Read More »
