BENGALURU (Reuters) – Indian steelmaker Tata Steel is in talks to raise as much as $400 million in what could be the steelmaker’s first green loan, Bloomberg News reported on Tuesday. Tata Steel has been making efforts to be carbon neutral and plans to start producing “green” steel – or steel made without using fossil …
India’s Tata Steel in talks to raise up to $400 million in green loan – Bloomberg Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares extended losses for a second session on Tuesday, dragged by financials and as sentiment soured after Tata Consultancy Services Ltd and Infosys Ltd reported weak quarterly earnings amid uncertainty over client spending. The Nifty 50 fell 0.26% to 17,660.15, while the S&P BSE Sensex closed 0.31% lower to …
Financials offset IT, pharma gains, drag Indian shares down Read More »
By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee eased against the dollar on Tuesday as Treasury yields rose on increasing bets of a Federal Reserve rate hike following more robust U.S. data. The rupee finished at 82.04 per dollar, compared with 81.9725 in the previous session. The dollar index gave up gains late in …
Rupee dips as strong US data fuels Fed rate hike chances Read More »
By Munsif Vengattil NEW DELHI (Reuters) – It took Apple Inc 15 years from when it first started selling its iPhone in India to having a company-run retail store in now the world’s second biggest smartphone market, one where it has faced several business challenges. As Apple opens its first stores, here is a timeline …
From iPhone 3G to first retail store: Apple’s 15-year journey in India Read More »
KOLKATA (Reuters) – Authorities in parts of India have shut schools for a week after they recorded sweltering temperatures of more than 40 Celsius (104 Fahrenheit). At least two states, Tripura in the northeast and West Bengal in the east, ordered schools to shut this week, as temperatures rose more than 5 Celsius above normal, …
Soaring temperatures bring school closures in parts of India Read More »
BENGALURU (Reuters) – Indian stockbroker Angel One Ltd reported a 30.4% rise in its quarterly profit on Monday, helped by a surge in trading volumes and orders. The company, which offers various trading apps, said its total client base rose 49.5% to 13.8 million during the three months ended March 31. Angel One’s consolidated profit …
India’s Angel One posts 30% jump in Q4 profit as orders spike Read More »
By Praveen Paramasivam CHENNAI (Reuters) – A subsidiary of the world’s largest maker of branded sports footwear Pou Chen will invest 23.02 billion rupees ($280.86 million) to set up a manufacturing facility in Tamil Nadu, the Indian state government said on Monday. The Taiwanese footwear maker for brands like Nike, Adidas, New Balance, and Timberland …
Nike, Adidas shoes maker Pou Chen to invest nearly $281 million in India Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Apple Chief Executive Tim Cook will meet India’s Prime Minister Narendra Modi and its deputy IT minister as part of his visit to inaugurate the iPhone maker’s first retail store in the country this week, people familiar with the plans said. The visit by Cook …
Apple CEO Cook to meet Indian PM Modi amid expansion – sources Read More »
By Krishn Kaushik NEW DELHI (Reuters) – The arrest of an Indian soldier over the killing of four others at a military base has brought into focus the issue of fratricide in the country’s military and paramilitary forces. Fratricide, in military parlance, refers to a soldier or security personnel killing their own colleagues. Multiple studies …
Stress seen as major cause of Indian military fratricides, suicides Read More »
By Arpan Chaturvedi NEW DELHI (Reuters) – Court appeals in India to legalise same-sex marriage are “urban elitist views”, the government has said in a new court document that seeks the dismissal of the challenge and says that parliament is the right platform to debate the matter. Prime Minister Narendra Modi’s government has already opposed …
India government calls same-sex marriage appeals ‘urban elitist views’ Read More »
