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By Sethuraman N R BENGALURU (Reuters) -IndiGo operator Interglobe Aviation on Wednesday said it was assessing the impact on its fleet due to troubled Pratt & Whitney engines, and that it expects a fall in yield due to seasonal weakness in the second quarter. Pratt’s owner RTX said last week that some engines have to …

India’s IndiGo assessing Pratt & Whitney engine trouble; sees drop in Q2 yield Read More »

By Aditya Kalra NEW DELHI (Reuters) – Six executives, including the marketing head, of India’s cosmetics-to-fashion retailer Nykaa have resigned since April, the company said on Wednesday, key departures that come as competition intensifies in the fast-growing sector. The exits include that of Chief Marketing Officer Shalini Raghavan, with Nykaa’s founder and CEO Falguni Nayar …

Six executives quit India’s Nykaa, CEO Nayar to spearhead marketing Read More »

By VarunVyas Hebbalalu BENGALURU (Reuters) – Indian two-wheeler makers could begin posting better wholesale numbers as early as September as exports pick up and domestic demand improves in the upcoming festival season, analysts said this week. The outlook comes after two-wheeler makers such as Bajaj Auto and Hero MotoCorp reported dismal sales volumes for July. …

India’s two-wheeler sales likely to improve as early as Sept – analysts Read More »

BENGALURU (Reuters) – Tyre manufacturer Goodyear India reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand. The Indian unit of U.S.-based Goodyear Tire and Rubber Co said standalone profit rose 4% to 392.6 million rupees ($4.8 million) in …

Tyre maker Goodyear India’s Q1 profit rises as low rubber prices offsets weak demand Read More »

By VarunVyas Hebbalalu BENGALURU (Reuters) -India’s Tata Group-owned Titan Co reported a lower-than-expected quarterly profit on Wednesday as its mainstay jewellery segment was hurt due to surging gold prices, which pushed up costs and eroded margins. Titan, which owns the Tanishq jewellery brand, said its first-quarter profit fell more than 2% to 7.77 billion rupees …

Surging gold prices take sheen off Indian jewellery maker Titan’s profit Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India’s edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, five dealers told Reuters. Higher purchases by the world’s biggest importer of vegetable oils could help to lower palm …

India’s July edible oil imports at record high Read More »

By Shivam Patel NEW DELHI (Reuters) -India has found violations related to manufacturing and laboratory practices at drugmaker Riemann Labs, whose cough syrup was linked to the deaths of children in Cameroon, a government health official told Reuters on Wednesday. Authorities have stepped up scrutiny of drugmakers after some cough syrups made in India were …

India finds ‘violations’ at cough syrup maker linked to Cameroon deaths Read More »

MUMBAI (Reuters) – India should allow exports of 1 million metric tons of a premium non-basmati rice variety favoured by overseas Indians, which are struggling to secure staple after New Delhi banned the exports, a leading trade body requested the government. The world’s biggest exporter of rice surprised buyers last month by imposing a ban …

India should exclude premium rice variety from export ban -trade body Read More »