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 …
Read More »Tomato price shock hits Indian restaurants, cheaper puree sales boom
[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 …
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 »India’s Adani-owned NDTV posts Q1 loss amid weak advertising demand
BENGALURU, July 27 (Reuters) – New Delhi Television Ltd (NDTV) (NDTV.NS), part of the Adani Group, posted a loss for the first quarter on Thursday, as Indian broadcasters remain pressured by a weak advertising environment. NDTV reported a consolidated net loss of 81.3 million rupees ($991,568.62) for the quarter ended …
Read More »Disney’s Hotstar India streaming service plans to limit account sharing -sources
NEW DELHI, July 27 (Reuters) – Walt Disney’s (DIS.N) India streaming service plans to start enforcing a policy of allowing its premium users to login from only four devices, an effort aimed at limiting password sharing in a key market, two sources with direct knowledge said. Disney’s plan comes just …
Read More »