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BENGALURU (Reuters) – Indian broadcaster New Delhi Television Ltd, part of the embattled Adani Group, said on Tuesday that profit had more than halved in the third quarter on weak advertising demand. The results come as businesses worldwide keep a tight lid on costs such as advertising to cope with an economic downturn wrought by …

Adani-owned NDTV’s profit more than halves on advertising drop Read More »

By Nidhi Verma BENGALURU (Reuters) – India’s top exploration company, Oil and Natural Gas Corp, will invest $3.5 billion over the next three-four years to boost output from its western offshore assets, Pankaj Kumar, head of offshore assets, said on Tuesday. These assets are currently producing 41.5 million cubic meters a day (mmscmd) of gas …

India’s ONGC to invest $3.5 billion to boost output from western offshore assets Read More »

BENGALURU (Reuters) – India’s Hero MotoCorp, the world’s largest two-wheeler maker by sales, reported a bigger-than-expected quarterly profit on Tuesday, as price hikes offset a dip in demand. The company said its profit came in at 7.11 billion rupees ($85.96 million) for the three months ended Dec. 31, a year-on-year increase of 3.6%. Analysts, on …

India’s Hero MotoCorp beats Q3 profit estimates on price hikes Read More »

NEW DELHI (Reuters) – The United States will support India’s G20 presidency including on issues such as food and energy security, the U.S. embassy there said on Tuesday, as New Delhi seeks the backing of its partners ahead of key meetings starting this month. The presidency has attracted particular interest given India’s close ties with …

U.S. offers support to India’s G20 presidency on energy, food issues Read More »

By Manoj Kumar NEW DELHI (Reuters) – India plans to promote green tourism, open up to 50 new tourism destinations, and launch a publicity campaign in overseas markets during its presidency of the G20 this year, officials said. India will host more than 200 G20 meetings at over 50 locations during the year, including key …

India plans to promote green tourism during G20 presidency Read More »

BENGALURU (Reuters) – GlaxoSmithKline Pharmaceuticals Ltd, the Indian unit of UK’s GSK plc, reported a 9.5% rise in third-quarter profit on Tuesday, in line with analysts’ estimates, as a sharp drop in input costs more than offset a revenue decline. The Mumbai-based company, said consolidated net profit rose to 1.65 billion rupees ($20 million) in …

GSK’s India unit posts 9% rise in Q3 profit as input costs slump Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was barely changed against the dollar on Tuesday, ahead of Federal Reserve Chair Jerome Powell’s speech that will draw extra scrutiny on the back of an upbeat U.S. jobs report. The rupee was at 82.7325 to the U.S. dollar by 09:54 a.m. IST, after tumbling about …

Rupee flat before Fed Chair Powell’s speech, could drop to 83/USD Read More »

By Devayani Sathyan and Anant Chandak BENGALURU (Reuters) – The Indian rupee, one of the worst-performing Asian currencies last year, is forecast to strengthen very little in coming months and still trade above the 80 per dollar mark a year from now, a Reuters poll of foreign exchange strategists found. Although India is the fastest-growing …

Indian rupee seen struggling to rise much in coming months: Reuters poll Read More »