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India’s Bajaj Finance beats Q1 profit view on robust loan demand

BENGALURU, July 26 (Reuters) – Indian non-bank lender Bajaj Finance (BJFN.NS) reported a bigger-than-expected increase in quarterly profit on Wednesday, boosted by healthy loan growth and strong customer additions. The company’s consolidated profit after tax rose a little over 32% to 34.37 billion rupees ($419 million) in the first quarter, …

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India open to Chinese investment, deputy IT minister says – FT

July 26 (Reuters) – India is open to Chinese investment despite border clashes between the two countries, the Deputy Minister for Information Technology Rajeev Chandrasekhar told the Financial Times in a report published on Wednesday. “We are open to doing business with any company anywhere as long as they are …

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India’s Shree Cement beats Q1 profit view on strong domestic demand

BENGALURU, July 26 (Reuters) – Indian cement company Shree Cement Ltd (SHCM.NS) reported a bigger-than-expected 84% rise in first-quarter profit on Wednesday, helped by robust domestic demand. The company reported a profit of 5.81 billion Indian rupees ($70.87 million) for the three months ended June 30, beating analysts’ average estimate …

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India’s food delivery giant Swiggy launches credit card

Swiggy has become the latest Indian startup to offer its customers a credit card as the food delivery giant broadens its efforts to drive engagement and retention. The Bengaluru-headquartered startup is co-launching the credit card with HDFC Bank, India’s largest private bank. The credit card will offer customers a 10% …

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