WASHINGTON, July 25 (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas told a news conference that India’s restriction would have a similar effect of the …
Read More »India’s SBI Life reports 45% rise in Q1 profit on higher premiums
BENGALURU, July 25 (Reuters) – India’s SBI Life Insurance Co (SBIL.NS) reported a 45% surge in its first-quarter profit on Tuesday, aided by higher income from premiums. SBI Life, one of India’s largest life insurers, said its profit after tax for the quarter ended June 30 rose to 3.81 billion …
Read More »Supplies Dwindle as Global Demand GrowsDaily Coffee News by Roast Magazine
Production of both arabica and robusta coffee is expected to decrease in India this market year due to the plant cycle “off-year” affect and a drought prior to the monsoon season. The production shortfall is heightening concerns about reduced stocks while signaling continued opportunities for higher prices in the export …
Read More »Indian skipper Kaur suspended by ICC for Code of Conduct breaches
July 25 (Reuters) – India captain Harmanpreet Kaur will miss two international matches and be fined 75% of her match fee following two breaches of the International Cricket Council’s (ICC) Code of Conduct, the sport’s governing body said on Tuesday. The 34-year-old also received three demerit points on her disciplinary …
Read More »MLB trade rumors: Two teams check in on Shohei Ohtani; White Sox interested in Jonathan India
The 2023 MLB trade deadline is Aug. 1 this year. Just a week away. The trade activity began last Wednesday, with the Orioles add hard-throwing Shintaro Fujinami from the Athletics. It seems like only a matter of time before more deals happen. Here are Tuesday’s rumors to hold you over …
Read More »IMF raises India’s FY24 forecast to 6.1%
The International Monetary Fund (IMF) bumped up India’s growth forecast for FY24, citing strong domestic investment while cautioning that the global economy is not “out of the woods” yet and that the world’s battle against inflation is far from over. The multilateral lender expects India to clock 6.1% growth in …
Read More »Google’s Indian-Origin Director Of News Laid Off After 13 Years: ”In The End…”
In his post, he reminisced about the various projects he led at Google Google recently laid off its director of News Ecosystem Development who worked for the company for 13 years. Madhav Chinnappa, the Indian-origin news executive, who is based in London took to LinkedIn to announce the update and …
Read More »Barbie lures cybercriminals: India among top 3 malware targets, says McAfee report | Technology News
Barbie may be a bright and bubbly icon, but there’s also a dark side to her in the online world. Cybercriminals are trying to cash in on the mega-hit movie that raked in $337 million worldwide in its opening weekend, by luring unsuspecting fans with malware-infected downloads of the film. …
Read More »India’s Rajasthan plans online surcharge for gig workers’ welfare fund
[1/2]The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo NEW DELHI, July 25 (Reuters) – The Indian state of Rajasthan has approved a bill …
Read More »India’s Larsen & Toubro posts Q1 profit beat, approves $1.22 bln share buyback
BENGALURU, July 25 (Reuters) – India’s Larsen & Toubro (LART.NS) reported a better-than-expected first-quarter profit on Tuesday, boosted by strong performance at its core engineering and construction business, and approved buyback of shares worth up to 100 billion rupees ($1.22 billion). L&T’s consolidated net profit after tax surged 46.5% to …
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