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India’s Redington posts 18% profit rise on steady PC, mobile demand

5 Feb 2025

(Reuters) – India’s Redington reported an 18% jump in quarterly profit on Wednesday as the electronics distributor benefitted from steady demand for computers and mobile phones, its largest segments. Demand for artificial intelligence-powered computers in the corporate and educational sectors as well as new smartphone launches have helped manufacturers and distributors weather inflation-driven choppy demand. …

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India File: Bring on the rate cuts

5 Feb 2025

By Ira Dugal This was originally published in the India File newsletter, which is issued every Tuesday. Sign up here to get latest news from India and how it matters to the world. With the government’s annual budget announcement out of the way, the focus for Indian investors has now shifted to the central bank. …

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Cricket-No plans to own teams in other T20 leagues, says RCB COO

4 Feb 2025

By Suramya Kaushik BENGALURU (Reuters) – Royal Challengers Bengaluru (RCB) have no plans to own teams in other international cricket leagues, the Indian Premier League (IPL) franchise’s chief operating officer Rajesh Menon said as they eye expansions through other means. RCB, a subsidiary of United Spirits, were one of the original eight IPL teams that …

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India’s JK Tyre posts second straight drop in profit on weak demand from bus, truck makers

4 Feb 2025

(Reuters) – India’s JK Tyre reported a smaller profit for the second straight quarter on Tuesday, hurt by weak demand from truck and bus customers. The tyre maker’s profit sank 77% to 515.2 million rupees ($5.92 million) in the third quarter from 2.21 billion rupees a year before. Its revenue dropped marginally to 36.74 billion …

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Cricket-India embracing high-risk approach in T20s, says Gambhir

3 Feb 2025

(Reuters) – India will look to deploy a high-octane, attacking style in Twenty20 Internationals and are ready to accept the risks that come with it, head coach Gautam Gambhir said after his side beat England to clinch a 4-1 series victory. On Sunday, Abhishek Sharma’s magnificent century powered India to a 150-run win over England …

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Putin ally says he leaves for India for ‘important’ negotiations

2 Feb 2025

(Reuters) – Vyacheslav Volodin, the chairman of Russia’s State Duma, the lower house of parliament, said on Sunday that he was leaving for India for a series of ‘important’ talks. “We will be in New Delhi by nightfall, important meetings and negotiations are planned tomorrow,” Volodin, a close ally of President Vladimir Putin, said in …

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India targets fiscal deficit at 4.4% for 2025-26, sets path to bring down debt

1 Feb 2025

By Dharamraj Dhutia MUMBAI (Reuters) – The Indian government will target a narrower fiscal deficit of 4.4% of gross domestic product for fiscal year 2025-26, down from a revised 4.8% for the current year, Finance Minister Nirmala Sitharaman said in the budget on Saturday. However, the government increased gross borrowing to 14.82 trillion rupees ($171.26 …

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Cricket-India clinch T20 series v England amid substitute drama

31 Jan 2025

PUNE, India (Reuters) -Harshit Rana claimed three wickets in his debatable appearance as a concussion substitute to help India to a series-clinching 15-run victory against England in the fourth T20 International on Friday. Put into bat, India overcame Saqib Mahmood’s three-wicket burst to post a competitive 181-9 following half-centuries by Hardik Pandya and Shivam Dube. …

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