Los Angeles and Boston are being assessed as potential new destinations for Air India. New Delhi: Tata Group-owned Air India is planning to operate flights to more US cities, including Los Angeles, and is assessing various metrics, according to sources. Currently, the airline operates non-stop flights to five American cities …
Read More »Top shareholders of India’s Cipla looking to sell stake – report
BENGALURU, July 27 (Reuters) – Top shareholders of Indian drugmaker Cipla (CIPL.NS) are in talks to sell a part of their stake in the company to private equity players including Blackstone (BX.N) and Baring Asia, Moneycontrol reported on Thursday. The company is not aware of any event that requires disclosure …
Read More »McDonald’s India franchisee Westlife’s profit misses as costs mount
BENGALURU/CHENNAI, July 27 (Reuters) – Westlife Foodworld (WEST.NS) reported a smaller-than-expected rise in first-quarter profit on Thursday as higher expenses took the shine off increased sales at the operator of McDonald’s (MCD.N) restaurants in West and South India. The franchisee for the U.S. fast-food chain said consolidated net profit after …
Read More »Student’s sexual assault and murder shows women’s safety in India ‘not a priority’ | Global development
The list of complaints made by female students living at the women’s hostel in the south of Mumbai is depressingly long and goes back years. The women were regularly harassed by male staff, by the drug addicts who hung around outside and other men who made crude gestures. But whenever …
Read More »India’s BPCL still in talks for Russian oil deal, discounts narrow
NEW DELHI, July 27 (Reuters) – Indian refiner Bharat Petroleum Corp (BPCL.NS) is still in talks with Russian oil major Rosneft (ROSN.MM) to buy oil under a term deal, its head of finance said, adding that discounts on Russian oil are narrowing. “Yes, there were discussions happening with Rosneft but …
Read More »AMD plans to invest $400 million in India by 2028
AMD plans to invest around $400 million in India over the next five years and set up its largest design center in the country’s southern city of Bengaluru as the chipmaker joins the growing list of firms that are backing the South Asian nation’s ambition of becoming a semiconductor manufacturing …
Read More »Vegetables in India to cost more for longer on erratic monsoon
KOLAR, India, July 28 (Reuters) – Vegetable prices in India are set to stay higher for longer, as erratic monsoon rains delayed planting and damaged ripening crops, farmers and traders said. Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in …
Read More »India-Japan forge strategic ties to strengthen semiconductor manufacturing, supply chains
Indian and Japanese officials held discussions in New Delhi, exploring potential collaboration in crucial areas such as semiconductors and establishing robust supply chains. The talks aimed at achieving a target of $35.9 billion Japanese investment in India by 2027. During the meeting, the Foreign Ministers of both countries, S. Jaishankar …
Read More »US chipmaker AMD to invest $400 mn in India over 5 years, to set up design centre | Business News
US Chipmaker AMD will invest $400 million in India over the next five years, the company’s CTO Mark Papermaster said Friday. The California-based chipmaker will use that investment to open its biggest chip design centre in the tech hub of Bengaluru, Papermaster said. The new 500,000-square-foot (55,555 square yards) campus …
Read More »India-Pakistan tie among World Cup matches set to be rescheduled
NEW DELHI, July 28 (Reuters) – Barely three months to go before the start of the 50-overs World Cup, the organising Indian cricket board has said the schedule would be adjusted and an Oct. 15 India v Pakistan humdinger in Ahmedabad could be among matches affected. World Cup schedules are …
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