July 25 (Reuters) – India will host world test champions Australia in a one-day international (ODI) series ahead of the World Cup before taking on England in test matches, the Board of Control for Cricket in India (BCCI) said on Tuesday. The Indian team is set to play 16 international …
Read More »India’s Tata Steel CEO says prices to ease in Q2
NEW DELHI, July 25 (Reuters) – India’s Tata Steel Ltd (TISC.NS) expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on Tuesday. “In India, the Q2 …
Read More »IMF: India’s rice restrictions could fuel food price inflation
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 »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 »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 …
Read More »India suspends another drugmaker’s license over tainted cough syrup
[1/2]The World Health Organization (WHO) logo is seen near its headquarters in Geneva, Switzerland, February 2, 2023. REUTERS/Denis Balibouse/File Photo NEW DELHI, July 25 (Reuters) – India has suspended a drugmaker’s manufacturing license after the World Health Organization flagged contamination in its cough syrups found in the Marshall Islands and …
Read More »India’s Mahindra Holidays posts 99% slump in Q1 profit as Europe losses weigh
BENGALURU, July 25 (Reuters) – Mahindra Holidays and Resorts India (MAHH.NS) reported a 99% slump in first-quarter profit on Tuesday, hit by higher expenses and widening losses in Europe. Consolidated net profit for the company, known for its flagship resorts brand “Club Mahindra,” was 1.8 million rupees ($21,992.90) for the …
Read More »Tata Motors to cancel ‘A’ ordinary shares in latest securities rejig
BENGALURU, July 25 (Reuters) – Tata Motors (TAMO.NS) will cancel its ‘A’ ordinary shares, currently trading at a steep discount to the ordinary shares, reducing its overall share count by 4.2%, the automaker said on Tuesday, in its latest move to simplify its securities structure. Tata Motors is the only …
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