(Reuters) -India captain Rohit Sharma cannot wait to welcome a fit-again Jasprit Bumrah back into the side before the 50-overs home World Cup, but is unsure whether he will have recovered from injury fast enough to be included in next month’s tour of Ireland. Pace spearhead Bumrah, who has not played international cricket since last …
Cricket-Rohit unsure if Bumrah fit enough to return for Ireland tour Read More »
BENGALURU (Reuters) – Indian logistics services provider Blue Dart Express on Thursday reported a drop in profit for the third quarter in a row, as reduced fuel costs were yet to show an impact, and demand was soft. The Deutsche Post-controlled company posted a consolidated net profit of 621.8 million rupees ($7.6 million) in the …
India’s Blue Dart Express reports over 48% decline in Q1 profit Read More »
BENGALURU (Reuters) – Top shareholders of Indian drugmaker Cipla are in talks to sell a part of their stake in the company to private equity players including Blackstone and Baring Asia, Moneycontrol reported on Thursday. The company is not aware of any event that requires disclosure under listing regulations, Cipla said in a exchange statement. …
Top shareholders of India’s Cipla looking to sell stake – report Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Shares of asset management companies declined on Thursday, a day after Jio Financial Services, part of the Mukesh Ambani-led Reliance Group said it will form a joint venture with U.S.-based BlackRock Inc to launch services in India. HDFC Asset Management, UTI Asset Management and Aditya Birla Sun Life AMC …
India’s asset managers slip on Jio Financial-BlackRock JV news Read More »
BENGALURU (Reuters) -Shares of India’s Tech Mahindra fell as much as 5.3% on Thursday, their lowest since June 19, a day after the IT services firm posted a surprise drop in quarterly profit as challenging macroeconomic conditions forced clients to curb spending. Tech Mahindra on Wednesday posted a 39% drop in its first-quarter profit to …
India’s Tech Mahindra’s shares hit over 1-mth low on Q1 profit fall Read More »
NEW DELHI (Reuters) – Heavy rain brought flooding to an area near New Delhi on Wednesday forcing some evacuations and schools closures as the region braced for more downpours two weeks after the Yamuna river burst its banks inundating parts of the capital. Hundreds of vehicles were submerged in a commercial neighbourhood in Noida city, …
Heavy rain in India’s capital raises new fears of flooding Read More »
NEW DELHI/BENGALURU (Reuters) – The Indian government will sell a stake of up to 5.36% in state-owned Rail Vikas Nigam this week, in a deal that could fetch 13.3 billion rupees ($162.12 million), an exchange filing showed on Wednesday. The government, which owns a 78.2% stake in RVNL, has proposed to sell a 3.4% holding …
Indian govt proposes to sell up to 5.36% stake in Rail Vikas Nigam Read More »
BENGALURU (Reuters) – Indian tech-to-tractor conglomerate Mahindra & Mahindra on Wednesday said it bought a 3.53% stake in private lender RBL Bank for 4.17 billion rupees ($50.8 million). The company might consider further investment in the lender subject to pricing, regulatory approvals and required procedures, Mahindra said, adding that the investment will not exceed a …
India’s Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million Read More »
By Neha Arora NEW DELHI (Reuters) – India’s Prime Minister’s office (PMO) has launched a probe into potential dumping of Chinese stainless steel products into the country, Abhyuday Jindal, managing director of Jindal Stainless, said on Wednesday. “The Prime Minister’s Office has taken up the mantle,” Jindal told reporters, adding that the matter was likely …
India’s PMO probing dumping of Chinese stainless steel – Jindal Stainless Exec Read More »
MUMBAI (Reuters) -India’s Axis Bank Ltd reported a smaller-than-expected 40.5% growth in first-quarter profit on Wednesday, as a sharp surge in loan-loss provisions outstripped a jump in net interest income. The Mumbai-based private lender reported a net profit of 57.97 billion Indian rupees (nearly $707 million) for the quarter ended June 30, compared with analysts’ …
India’s Axis Bank misses Q1 profit view as loan-loss provisions jump Read More »
