India

NEW DELHI, July 26 (Reuters) – India’s Goods and Services Tax (GST) Council will meet on Aug. 2 to decide on a 28% tax on funds that online gaming companies and casinos collect from customers, and finalise other rules, a government official said on Wednesday. The council, chaired by India’s …

CHENNAI/BENGALURU, July 26 (Reuters) – India’s Tata Consumer Products (TACN.NS) reported a smaller-than-expected 24% rise in first-quarter profit on Wednesday, as mounting expenses outpaced higher sales of its eponymous packaged food and beverages. The Kolkata, West Bengal-based company said its consolidated net profit rose to 3.17 billion Indian rupees ($38.66 …

[1/2]People buy tomatoes from a vendor at a vegetable market in Ahmedabad, India, July 25, 2023. REUTERS/Amit Dave/File Photo NEW DELHI, July 26 (Reuters) – Many Indian restaurants are cutting back on tomatoes in their popular dishes and consumer companies are ramping up production of cheaper purees that are flying …

Air India has placed orders for wide-body aircraft of 34 A350-1000, six A350-900, 20 Boeing 787 Dreamliner, and 10 Boeing 777X wide-body aircraft, thus bolstering India’s cargo ecosystem, the airline announced on Wednesday. “At Air India, we see a huge potential in the air cargo industry, which the Indian Government …

Project Cheetah, an Indian government initiative, began last year with eight cheetahs arriving in India to mark Prime Minister Narendra Modi’s birthday. And this year, 12 more arrived from South Africa. Many conservationists warned against the relocation, saying the project was rushed, and the cheetahs would have a hard time …

Architecture studio Morphogenesis has unveiled the Surat Diamond Bourse in India, which has surpassed the Pentagon to become the world’s largest office building. Set on the outskirts of the city of Surat, the 660,000-square-metre office building was designed as a “city within a city” to house the world’s largest community of diamond traders. …

[1/2]India’s Prime Minister Narendra Modi speaks during a meeting at The Ministry of Foreign Affairs in Paris France July 14, 2023. JULIEN DE ROSA/Pool via REUTERS/File Photo Prime Minister not at risk of losing confidence vote Is a tactic to force a debate about Manipur violence NEW DELHI, July 26 …

Asserting that the BJP will return to power in 2024, Prime Minister Narendra Modi on Wednesday said that India will be one of the top three economies of the world during his third term in office.  “On the basis of our track record, in the third term of our government, …

‘India’s weather forecasting systems best in world’ Rijiju underlined that the role of the India Meteorological Department (IMD) is becoming critical in view of climate change. PTI, New Delhi, Jul 26 2023, 16:08 ist updated: Jul 26 2023, 16:08 ist Earth Sciences Minister Kiren Rijiju on Wednesday said India’s weather …

BENGALURU, July 26 (Reuters) – India’s Tech Mahindra (TEML.NS) on Wednesday posted a surprise 39% drop in first-quarter profit, as challenging macroeconomic conditions prompted clients to curb spending. The company’s consolidated net profit fell to 6.93 billion rupees ($84.5 million) for the quarter ended June 30. Analysts were expecting profit …