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BENGALURU (Reuters) – Footwear maker Bata India reported its first drop in profit in eight quarters on Wednesday, as soft demand dragged its revenue growth to a nine-quarter low. The company’s consolidated profit fell 10.5% to 1.07 billion Indian rupees ($12.92 million) in the April-June quarter, while revenue from operations increased just 1.6% to 9.58 …

Bata India posts first profit drop in two years on sluggish demand Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – The Reserve Bank of India may look to tighten domestic rupee liquidity to quell inflationary pressures but will refrain from permanent cash withdrawal, several traders and analysts said ahead of Thursday’s monetary policy review. The central bank is expected to hold policy rates steady but could turn more hawkish …

India cenbank may tighten cash conditions, but CRR hike unlikely -traders Read More »

HYDERABAD (Reuters) – Granules India Ltd, the maker of paracetamol and ibuprofen pain relievers, reported a 62.5% fall in first-quarter profit on Wednesday, as a cyber security incident significantly disrupted operations. The generic drug maker’s consolidated net profit tumbled to 478.9 million rupees ($5.8 million) in the April-June quarter, from 1.27 billion rupees a year …

Paracetamol maker Granules India’ Q1 profit hurt by cyber attack disruptions Read More »

By Sarita Chaganti Singh NEW DELHI (Reuters) – India’s greenhouse emissions rate dropped by a faster-than-expected 33% in 14 years as renewable energy generation rose and forest cover increased, according to two officials privy to latest assessment made for submission to the United Nations. The report’s findings showed India well on the way to meeting …

India succeeds in reducing emissions rate by 33% over 14 years – sources Read More »

(Reuters) – Superb batting from Suryakumar Yadav has kept India alive in the T20 series against West Indies and he hopes to replicate that form in the 50-overs format where he has done less well ahead of the World Cup later this year. Yadav smashed a blistering 83 off 44 balls, helping India chase down …

Cricket-India’s Yadav keen to replicate T20 form in ODIs Read More »

By Milounee Purohit BENGALURU (Reuters) – India’s retail inflation likely accelerated to 6.40% in July on surging food prices, breaching the upper end of the Reserve Bank of India’s 2%-6% tolerance band for the first time in five months, a Reuters poll of economists found. Food prices, which account for nearly half of the inflation …

India July inflation likely breached RBI’s 6% upper tolerance level: Reuters poll Read More »

BENGALURU (Reuters) – South Korea’s Hyundai Motor Group said on Tuesday it plans to launch more electric vehicles (EVs) under the Hyundai and Kia brands in India, in a sign that it is betting big on the world’s third-largest auto market. Hyundai, already India’s second-biggest carmaker by sales, will introduce five EV models by 2032 …

South Korea’s Hyundai to launch more EVs in India Read More »

By Blassy Boben NEW DELHI (Reuters) – India is taking steps to ensure the wellbeing of cheetahs brought from southern Africa, the government has told the Supreme Court, as concerns rise over the deaths of the world’s fastest land animal re-introduced into India after 70 years. Six adult cheetahs out of the 20 imported from …

India says cheetah deaths not alarming, to consult experts Read More »

By Mayank Bhardwaj and Rupam Jain NEW DELHI (Reuters) – Rice planting in India could fall by 5% as New Delhi’s decision to ban non-basmati white rice exports will cut farm income and encourage growers to switch to other crops, a leading farmers’ group with close ties to the ruling Bharatiya Janata Party said.    The …

India’s rice export ban could hit planting, farm income -farmers’ body Read More »