Reuters India Top

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares edged higher on Tuesday, boosted by strong fourth-quarter earnings from heavyweights Reliance Industries Ltd and ICICI Bank Ltd, as investors awaited a raft of quarterly earnings reports due later this week. The Nifty 50 closed 0.15% higher at 17,769.25, while the S&P BSE Sensex gained 0.12%. Nine of …

Indian shares rise on improved sentiment amid earnings rush Read More »

By Amlan Chakraborty NEW DELHI (Reuters) -India recalled middle-order batsman Ajinkya Rahane on Tuesday for the World Test Championship (WTC) final against Australia at the Oval in June. Former vice-captain Rahane played the last of his 82 tests in January 2022 but has been in impressive form in the ongoing Indian Premier League Twenty20 tournament. …

Cricket-India recall Rahane for World Test Championship final Read More »

CHENNAI (Reuters) -Nestle India reported a near-25% increase in first-quarter profit on Tuesday, as the packaged foods maker benefited from higher prices and steady demand for its Kit-Kat and Munch chocolates as well as instant coffee. Consumer packaged goods makers globally jacked up product prices to offset the cost inflation and protect their earnings margins …

Nestle’s India unit profit jumps 25% on price hikes, demand Read More »

BENGALURU (Reuters) – The Serum Institute of Life Sciences will double its investment in one of Biocon Ltd’s units, giving it access to 100 million doses of vaccines annually along with the distribution rights to Serum’s vaccine portfolio, the Indian biopharma firm said on Tuesday. Serum Institute of Life Sciences is a unit of Serum …

India’s Serum to double investment in Biocon’s unit to $300 million Read More »

By YP Rajesh NEW DELHI (Reuters) – India’s population is expected to match China’s by the end of April and then to surpass it as the world’s most populous country, the United Nations said on Monday. The announcement by the UN’s Department of Economic and Social Affairs (DESA) comes days after the UN Population Fund …

India to surpass China as world’s most populous country in April, UN says Read More »

By Nikunj Ohri NEW DELHI (Reuters) – India’s tax authority has sent Bajaj Allianz Life Insurance and ICICI Prudential Life Insurance show-cause notices for evading taxes since 2017, as part of a probe spanning 16 insurers and about $610 million in unpaid dues, three sources said. The probe, started in September last year, is a …

India tax dept cracks down on Bajaj Allianz, ICICI Prudential amid wider probe – sources Read More »

NEW DELHI (Reuters) – India’s top wrestlers have resumed their sit-in protest in New Delhi demanding “immediate arrest” of their federation chief after accusing him of sexually harassing several female players. They have also moved the country’s top court seeking registration of a first information report (FIR) against Wrestling Federation of India (WFI) President Brij …

Wrestling-Indian players resume protest against federation chief Read More »

MUMBAI (Reuters) – The U.S. dollar-denominated bonds issued by India’s Adani Ports and Special Economic Zone rose on Monday, after the company commenced a cash tender offer for a buyback of securities. On Monday, Adani Ports and Special Economic Zone, part of the beleaguered Adani Group, said it has floated a tender of up to …

Dollar bonds of India’s Adani Ports rise as company starts debt buyback Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to open little changed to the U.S. currency on Monday, amid upbeat U.S. data and expectations that the local currency will manage to hold a near-term support level. Non-deliverable forwards indicate the rupee will open nearly unchanged to the previous session’s level of 82.09. …

Rupee to weigh robust US activity data, support at 82.25/USD Read More »