NEW DELHI (Reuters) – The Geological Survey of India (GSI) said on Thursday it has found lithium deposits for the first time in the country. India has lately been looking to strengthen its supply of key minerals, including lithium, that will be critical for furthering its electric vehicle plans. The 5.9 million tonnes of Lithium …
India finds Lithium deposits for first time in country Read More »
BENGALURU (Reuters) – India’s biggest winemaker Sula Vineyards Ltd reported a 15.5% rise in profit on Thursday in its first earnings report since going public, boosted by demand for premium wines and as visits to its vineyards and resorts reached pre-pandemic levels. Sula became India’s only publicly-listed winemaker in December last year, with its initial …
India’s Sula posts profit jump in first earnings report since IPO Read More »
OSLO (Reuters) -Norway’s sovereign wealth fund has sold its stakes in three Adani Group companies worth just over $200 million since the start of the year, the world’s largest stock investor said on Thursday. The $1.35 trillion fund at the end of 2022 held stakes in Adani Total Gas, Adani Ports & Special Economic Zone …
Norway wealth fund has sold its stakes in Adani companies Read More »
BENGALURU (Reuters) – State-run Hindustan Petroleum Corporation Ltd (HPCL) reported a 80.2% fall in quarterly profit on Thursday, hurt by a fall in marketing margins on the back of unchanged pump prices. India’s state-run oil marketing companies have been hurt by unchanged retail pump prices for petrol and diesel for more than a year, suppressing …
India’s HPCL posts 80% drop in Q3 profit on marketing margin hit Read More »
BENGALURU (Reuters) – Indian consumer electronics and home appliances maker Voltas Ltd on Thursday swung to a quarterly loss, hurt by a one-time expense from contract termination. The company, best known for its air conditioners and refrigerators, said its consolidated net loss stood at 1.10 billion rupees ($13.33 million) for the third quarter, while a …
India’s Voltas swings to a loss in Q3 on contract termination Read More »
(This Feb. 8 story has been officially corrected to say OPEC seminar, instead of OPEC+ meeting, in the last paragraph) BENGALURU, India (Reuters) – India, the world’s third-biggest oil importer and consumer, has diversified its sources of energy imports but will continue to buy most of its oil from the Middle East for a long …
Gulf nations to remain major oil suppliers to India for a ‘long time’, minister says Read More »
NEW DELHI (Reuters) – A transgender couple are the first in India to become parents biologically, after one of the partners gave birth on Wednesday in Kerala state. The birth of the baby is a milestone for the South Asian nation, where transgender people continue to face discrimination and stigma despite being officially recognised as …
In a first for India, transgender couple become biological parents Read More »
By Harshit Verma (Reuters) -India’s fuel demand slipped in January after hitting a nine-month peak in December, hit by lower mobility due to cold weather in parts of the country and a slowdown in industrial activity. Consumption of fuel, a proxy for oil demand, was about 4.6% lower than the previous month at 18.7 million …
India’s fuel demand slips in January from nine-month peak Read More »
BENGALURU (Reuters) – Indian hospital chain operator Narayana Hrudayalaya Ltd on Wednesday reported a 58% surge in third-quarter profit, helped by higher margins and an increase in per-patient revenue. The Bengaluru-based company’s net profit rose to 1.54 billion Indian rupees ($18.67 million) in the quarter from 974.9 million rupees a year earlier. Average revenue per …
Hospital chain Narayana Hrudayalaya’s profit surges on higher margins Read More »
By Shivam Patel NEW DELHI (Reuters) – Prime Minister Narendra Modi said on Wednesday that Indians will not swallow “lies and abuse” against him, as opposition critics accuse his government of giving undue favours to a business group led by billionaire tycoon Gautam Adani. Modi spent a nearly 90-minute speech to parliament mainly listing governments …
India’s Modi lashes opposition as Adani allegations persist Read More »
