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BENGALURU (Reuters) – India’s ICICI Lombard General Insurance on Wednesday reported a 25.3% rise in second-quarter pre-tax profit helped by a rise in premiums earned, and higher investment income. Profit before tax rose to 7.64 billion rupees ($91.80 million) from 6.10 billion rupees a year earlier, the ICICI Bank – backed insurer said in an …

India’s ICICI Lombard Q2 pre-tax profit rises 25% on higher premium collection Read More »

By Mayank Bhardwaj NEW DELHI (Reuters) – India will allow exports of non-basmati white rice to a clutch of countries such as the Philippines – one of the world’s biggest importers of the grain – a government order said on Wednesday. India, the world’s biggest rice exporter, in July banned overseas shipments of non-basmati white …

India allows some rice shipments to Philippines, other importing countries Read More »

PUNE, India (Reuters) -In-form India do not fancy becoming one of the victims of an upset in the 50-overs World Cup and have decided against rotating their bowlers in Thursday’s match against Bangladesh. Two days after Afghanistan stunned defending champions England in New Delhi, the Netherlands, the only non-test playing nation in the tournament, inflicted …

Cricket-Wary of upset, India rule out rotating bowlers v Bangladesh Read More »

By VarunVyas Hebbalalu BENGALURU (Reuters) -India’s Wipro on Wednesday reported a surprise dip in second-quarter revenue and warned a fall in its key IT services business would worsen in the current quarter as clients cut spending amid ongoing global economic uncertainties. U.S.-listed shares of India’s fourth largest IT services provider dropped 3.7% in pre-market trading …

India’s Wipro says Q3 IT service rev to fall further on weak client demand Read More »

TOKYO (Reuters) – Japan’s Suzuki Motor will start producing electric vehicles in India and export them from there to Japan as early as 2025, the Nikkei newspaper reported on Wednesday. In a step to make India its global electric car manufacturing hub, Suzuki will also consider supplying India-made EVs to partner Toyota Motor for European …

Suzuki eyes exporting India-made EVs to Japan as early as 2025 -Nikkei Read More »

By Rajendra Jadhav NEW DELHI (Reuters) – India on Wednesday extended its restriction sugar exports beyond October, as the world’s second-biggest producer tries to bring down domestic prices by increasing supplies ahead of key state elections. India’s curb on exports would be likely to increase benchmark prices in New York and London, where markets are …

India extends curbs on sugar exports to calm domestic prices Read More »

By Rajendra Jadhav MUMBAI (Reuters) -India raised the price at which it buys locally produced new-season wheat by 150 rupees or 7% to encourage farmers to expand the growing area as New Delhi tries to increase production. India, the world’s second biggest wheat producer, sets a price each year to protect domestic farmers from distress …

India raises wheat purchase price by 7% to expand area Read More »