BENGALURU (Reuters) – India’s HDFC Life Insurance Co Ltd reported a smaller-than-expected rise in fourth-quarter profit on Wednesday, as higher expenses more than offset the rise in income from premiums. The Mumbai-based insurer said its standalone profit after tax rose a marginal 0.3% to 3.59 billion Indian rupees for the quarter ended March 31. Analysts, …
India’s HDFC Life misses Q4 profit view on higher expenses Read More »
BHUBANESWAR (Reuters) – Ten policemen and a civilian driver were killed in a blast in the central Indian state of Chhattisgarh on Wednesday as they were returning from an operation against ultra left-wing guerrillas in the state, local police officials said. Rebel Maoists are suspected of having carried out the attack in the state’s Dantewada …
Ten policemen, driver killed in central India blast; Maoists suspected- police Read More »
BENGALURU (Reuters) – Indian engineering firm L&T Technology Services Ltd said on Wednesday it expects revenue to grow over 20% for the current fiscal year after reporting a bigger-than-expected fourth-quarter profit on a strong deal pipeline. “For FY24, our guidance is for a USD constant currency revenue growth of 20% plus,” Chief Executive Officer Amit …
India’s L&T Tech sees 20% FY24 revenue growth, posts profit beat in Q4 Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares reversed intraday losses on Wednesday, aided by broad-based gains across sectors amid a slew of earnings and as markets shrugged off rising recession fears in the United States. The Nifty 50 closed 0.25% higher to 17,813.60, while the S&P BSE Sensex gained 0.28%. Both benchmarks had fallen more …
Indian shares shrug off US recession concerns amid earnings rush Read More »
By Joseph Campbell and Sunil Kataria VARANASI, India (Reuters) – Murali Mohan Sastry is waiting peacefully for death on the banks of the Ganges River in India’s northern city of Varanasi, revered by millions of Hindus. More than a decade ago, the 82-year-old former college teacher and his wife left behind comfortable lives in the …
India’s elderly await death, seek salvation in holy city Read More »
NEW DELHI (Reuters) – Indian opposition leader Rahul Gandhi on Tuesday appealed to the High Court in the western state of Gujarat seeking a stay of conviction in a defamation case, challenging a lower court’s ruling against his plea, his lawyer said. Gandhi was convicted last month in a case brought by a state lawmaker …
India’s Rahul Gandhi appeals after court denies stay of defamation conviction Read More »
BENGALURU (Reuters) – Indian cement manufacturer Dalmia Bharat on Tuesday said its fourth-quarter profit more than doubled, aided by easing fuel prices and a pick-up in demand. Consolidated net profit rose to 5.89 billion rupees ($71.90 million) in the quarter ended March 31 from 2.66 billion rupees a year earlier. Analysts at Bob Capital Markets …
Indian cement maker Dalmia’s Q4 profit more than doubles on low fuel costs Read More »
BENGALURU/CHENNAI (Reuters) -India’s Bajaj Auto Ltd reported a 2.5% drop in fourth-quarter profit on Tuesday, as exports of its two- and three-wheelers took a hit due to the impact of high inflation in several of its overseas markets. The company’s profit fell to 14.33 billion Indian rupees ($175 million) for the quarter ended March 31. …
India’s Bajaj Auto reports Q4 profit drop on sluggish exports Read More »
By Abinaya V, Shivam Patel and Jennifer Rigby (Reuters) -Contaminated cough syrup made by an Indian company has been found in the Marshall Islands and Micronesia, the World Health Organization (WHO) said on Tuesday, after a spate of child deaths linked to other syrups in some countries last year. The WHO statement did not say …
WHO says contaminated cough syrup made in India found in Western Pacific Read More »
By Rupam Jain NEW DELHI (Reuters) – Ranika Jaiswal’s family in Varanasi has boasted a string of officials in India’s ruling BJP party over the last four decades. Now she wants a piece of the action. “Three generations of my family, all men, have been with the party. But now it’s changing – as a …
Modi’s BJP courts India’s rising election power: Women Read More »
