India

BENGALURU, July 24 (Reuters) – India’s Mahindra Logistics ( MALO.NS ) swung to a loss in the first quarter on Monday, hurt by higher expenses and lukewarm demand. The freight carrier posted a consolidated net loss after tax of 85.5 million rupees ($1.04 million) in the three months ended June …

NEW DELHI/BENGALURU, July 24 (Reuters) – Troubled Indian startup Byju’s has cut down on its office spaces in Bengaluru, two sources told Reuters on Monday, as the company tries to cut costs and ramp-up liquidity. The move comes as the edtech company has already let go of thousands of employees …

The US State Department says it is deeply concerned by reports of a viral video showing two women paraded naked in the northeastern state. The United States says it is deeply concerned by reports of a viral video showing two women paraded naked in India’s northeastern state of Manipur, a …

BENGALURU, July 24 (Reuters) – Indian mortgage lender PNB Housing Finance (PNBH.NS) on Monday posted a nearly 48% rise in its first-quarter profit, driven by robust demand for housing loans and improved asset quality. PNB Housing, a unit of state-run lender Punjab National Bank (PNBK.NS), said its consolidated net profit …

MUMBAI, July 24 (Reuters) – The recent rise in inflation has prompted Indian investors to push back rate cut expectations by at least a quarter to the middle of 2024, with a sustained rise in prices likely to prompt a further repricing, traders and analysts said on Monday. Surging food …

BENGALURU, July 24 (Reuters) – India’s ITC Ltd (ITC.NS) said on Monday it would spin off its hotels business from the rest of the company, separating it from its cigarettes and food businesses. The cigarettes-to-hotels conglomerate would hold a 40% stake in the newly formed entity, to be named ITC …

On a balmy Sunday morning in Cusrow Baug, a Parsi colony in Colaba, Mumbai, the first people to stir are the motorcyclists. Soon after sunrise, a row of vintage and classic machines line up under the archway of the colony, their riders raring to go, wearing T-shirts that sport the …

The need to break free of the shackles of colonial legacy is an essential step for former colonies to assert their independence. Renowned post-colonial scholar Frantz Fanon once insightfully remarked, “Imperialism leaves behind germs of rot which we must clinically detect and remove from our land and from our minds …

[1/2]Rotten apples are seen on a tree at an apple orchard, in Sopore, north Kashmir, September 13, 2019. Picture taken September 13, 2019. REUTERS/Francis Mascarenhas/ NEW DELHI/SRINAGAR, July 24 (Reuters) – India’s apple production is expected to nearly halve this year after heavy rains and flash floods wiped out about …

Mumbai, India – Rafiq Tamboli would have been 33 years old now. Or maybe he still is. His wife doesn’t know if he is dead or alive. Nobody has seen him for at least two years. A resident of Qureshi Nagar in Mumbai’s Kurla locality, Rafiq worked as a driver …