AGRA (Reuters) -A river that runs through the northern Indian state of Uttar Pradesh has risen to lap the compound walls of the iconic Taj Mahal in Agra city, causing concern about damage to the 17th-century white marble monument. The water level of the Yamuna river has increased over the last few days after unusually …
India’s Yamuna river laps walls of Taj Mahal after heavy rain Read More »
By Shivangi Acharya and Sarita Chaganti Singh GANDHINAGAR, India (Reuters) -Several G20 members condemned Russia’s move to quit an agreement that allowed safe export of grain from Ukraine, India’s finance minister said on Tuesday, as concerns rise in poorer countries over a rise in food prices following Moscow’s decision. Russia halted participation in the United …
Several G20 members condemn Russia quitting Black Sea grain deal Read More »
NEW DELHI/BENGALURU (Reuters) -An Indian court on Tuesday said Google cannot remove Disney’s streaming service from its app store in the country and should receive a lower 4% fee for in-app purchases, a significant challenge to its payments business model. Disney’s lawsuit is the latest and most high-profile challenge to Google’s policy of imposing a …
India court says Google cannot remove Disney app in tussle over in-app charges Read More »
BENGALURU (Reuters) – India’s ICICI Lombard General Insurance Ltd reported a nearly 12% rise in first-quarter profit on Tuesday, led by growth in investment income and premium earned. The ICICI Bank-backed insurer said its profit after tax stood at 3.90 billion rupees ($47.5 million) for the quarter ended June 30, compared with 3.49 billion rupees …
India’s ICICI Lombard posts 12% rise in Q1 profit on higher investment income Read More »
By VarunVyas Hebbalalu and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -India’s IndusInd Bank reported a bigger-than-expected rise in first-quarter profit on Tuesday, lifted by strong loan growth and a drop in provisions for bad loans. The private lender’s net profit rose 32.5% year-on-year to 21.24 billion rupees ($258.9 million). Analysts had expected a profit of 20.55 billion …
India’s IndusInd Bank beats Q1 profit view on loan growth, drop in provisions Read More »
BENGALURU (Reuters) – Indian engineering research and development provider L&T Technology Services reported a nearly 13% rise in first-quarter profit on Tuesday, aided by strong order wins. The company’s consolidated net profit rose to 3.11 billion rupees ($37.91 million) for the three months ended June 30, from 2.76 billion rupees, a year ago. During the …
India’s L&T Technology posts 13% rise in Q1 profit on order boost Read More »
NEW DELHI (Reuters) – A New Delhi court on Tuesday granted bail for two days to the chief of India’s wresting body who is accused of sexually harassing six female wrestlers. Brij Bhushan Sharan Singh, the chief of the Wrestling Federation of India and also a lawmaker from the ruling Bharatiya Janata Party, has denied …
Delhi court grants bail to Indian wrestling body chief in sexual harassment case Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India has received average monsoon rains since the start of the season on June 1, despite concerns that an El Nino weather pattern could lead to lower rainfall this year. Delay in the arrival of the monsoon led to a large rain deficit up to mid-June, but heavy rains …
Explainer-Why Indian farmers worry despite ‘average’ monsoon rains Read More »
By Aftab Ahmed GANDHINAGAR, India (Reuters) – Multilateral development banks (MDBs) must undergo big changes in the way they operate to eliminate poverty, triple sustainable lending levels by 2030 and create a new funding mechanism to further its agenda, a G20 panel said in a report on Tuesday. The independent panel, headed by economists Lawrence …
Multilateral banks need major changes to boost lending – G20 panel Read More »
MUMBAI (Reuters) – The financial services business of India’s Reliance Industries will be valued at 160-190 rupees per share, according to estimates by five analysts, with the impending demerger boosting the stock price of the country’s most valuable company. Reliance Strategic Investments Ltd – to be renamed Jio Financial Services (JFS) Ltd – will be …
India’s Reliance spin-off Jio Financial Services worth 160-190 rupees/share -analysts Read More »
