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BENGALURU (Reuters) -Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani’s Reliance Industries, reported its slowest profit and revenue growth in six quarters on Friday, hit by higher expenses and a lack of recent tariff hikes. Jio, India’s biggest telecom carrier by subscribers, said net profit climbed to 48.63 billion rupees ($593.2 million) …

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BENGALURU (Reuters) – Indian metals-to-oil conglomerate Vedanta reported a 40.8% plunge in first-quarter profit on Friday, as weak commodity prices outweighed a slight increase in production and sales for metals like aluminium. Consolidated profit after tax declined to 33.08 billion rupees ($403.55 million) for the three months ended June 30, from 55.92 billion rupees in …

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MUMBAI (Reuters) – Rescue teams resumed a search on Friday for possible survivors of a massive landslide in western India that killed 16 people and was suspected to have trapped more than a 100. Thick fog and heavy rain hampered already difficult rescue efforts even further on Friday, Indian television news channels said, more than …

A day after landslide likely trapped more than 100, Indian rescuers look for survivors Read More »

By Dhwani Pandya MUMBAI (Reuters) – India’s biggest cinema operator PVR Inox is banking on Hollywood’s “Oppenheimer”, “Barbie” and unlimited popcorn to pack theatres after a string of Bollywood flops kept away those patrons who still favour going to the movies over streaming services. Hoping to cash in on the global “Barbenheimer” craze, PVR Inox …

India’s biggest cinema operator banks on “Barbenheimer” after Bollywood flops Read More »

By Jennifer Rigby LONDON (Reuters) – The World Health Organization (WHO) has asked the Indian authorities for help in establishing the origins of a contaminated cough syrup that has been linked to children’s deaths in Cameroon. The U.N. agency issued a warning on Wednesday about a syrup branded as Naturcold, which was sold in Cameroon …

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By Dhwani Pandya and Aditya Kalra MUMBAI (Reuters) – Indian billionaire Gautam Adani on Thursday said he plans to convert India’s largest slum in Mumbai, Dharavi, into a modern city hub, a huge challenge which would require the rehousing of around 1 million people. Believed to be the largest slum in Asia, Dharavi is a …

India’s Adani to convert Mumbai slum into modern city despite challenges Read More »

By Sethuraman N R and VarunVyas Hebbalalu BENGALURU (Reuters) -India’s No. 2 software services exporter Infosys halved its full-year revenue forecast on Thursday as clients cut back spending and delayed making decisions on future projects in a challenging economic environment. The grim forecast, which coincided with a weaker-than-expected profit in the first quarter, pushed the …

India’s Infosys cuts FY revenue growth outlook as clients cut spending Read More »

BENGALURU (Reuters) – India’s United Spirits, which sells the Smirnoff brand of vodka and the Black Dog brand of whisky, reported a more-than-22% jump in Q1 profit on Thursday, as tumbling costs outpaced slowing demand and sales in its premium segment grew. The Bengaluru-based company’s profit rose to 2.38 billion Indian rupees ($29.05 million) in …

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