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LATEST NEWS FROM INDIA
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Indian state shuts some Domino's, Pizza Hut outlets, citing hygiene lapses
The Indian state of Maharashtra has suspended the licenses of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest mov...
India
India's forex reserves climb past $700 billion on robust inflows
India's foreign exchange reserves rose to a four-month high of $707 billion as of August 7, bolstered by robust inflows under policy measures to strengthen India's balance of pay...
India
Two dead after fire at plastics recycling plant in India's Telangana state
Two employees of a unit of plastics recycling company Ganesha Ecosphere GANS.NS died from smoke inhalation after a fire broke out at a plant in the southern Indian state of...
India
Earnings revival, counter-AI trade should boost Indian equities into 2027, says Carnelian Asset
India's equity market is leaving behind a prolonged stretch of underperformance and could gain momentum in the months ahead, driven by solid quarterly earnings and changing invest...
India
3M India reports higher profit as industrial, consumer demand stays strong
Industrial products maker 3M India reported a nearly 32% jump in first-quarter profit on Friday, driven by strong demand across its consumer, safety and industrial businesses.
India
Indian truckmaker Ashok Leyland's profit edges higher on sales growth, price hikes
India's Ashok Leyland reported a 2.3% rise in first-quarter profit on Friday, as robust demand for commercial vehicles and price hikes helped the company offset higher input cost...
India
Indian electronics firm Eureka investigating findings of child labour at supplier
Indian electronics company Eureka Forbes said it has launched an internal investigation into its supply chain after authorities uncovered child labour at one of its suppliers in Ne...
India
India's wholesale inflation slows marginally to 9.78% in July
India's wholesale prices rose 9.78% year-on-year in July, easing marginally from June due to lower energy inflation, government data released on Friday showed.
India
KKR-backed LEAP India falls in trading debut, valued at $725 million
Shares of KKR-backed LEAP India fell 5.3% in their trading debut on Friday, valuing the supply chain logistics firm at 69.18 billion rupees ($725.2 million).
India
Air India A320 briefly lost key flight controls during 300-foot drop, Airbus analysis shows
An Air India Airbus A320 that dropped about 300 feet this month, injuring 24 people on board, briefly lost key flight controls after registering losses in all three hydraulic sys...
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Indian central bank likely intervenes to support rupee, traders say
The Reserve Bank of India likely intervened in the foreign exchange market on Friday, three traders told Reuters, as uncertainty over the Middle East conflict kept risk appeti...
India
Gold heads for weekly loss as investors unwind inflation-fuelled rally
Gold prices slipped on Friday and were headed for a weekly loss as investors locked in profits after mild U.S. inflation data propelled bullion to its highest level in more than t...
India
India's Tata Motors PV slides as margin pressures set to continue
Shares of Tata Motors Passenger Vehicles fell about 6% on Friday after the company said that margin pressures in its domestic and luxury JLR businesses were likely to persist int...
India
India's Jharkhand state CM urges Modi to rethink mining bill, citing revenue hit
The chief minister of the Indian state of Jharkhand has urged Prime Minister Narendra Modi to reconsider a bill that would restrict states' ability to levy charges on mining acti...
India
Rupee drifts as RBI intervention maintains tight leash, forward premiums slip
The Indian rupee drifted on Friday, on course for a weekly decline kept modest by the central bank's frequent dollar-selling interventions amid the Middle East conflict.
India
Indian shares slip as US threatens indefinite naval blockade of Iran
Indian shares fell in morning trade on Friday, as crude prices rose after the U.S. threatened an indefinite naval blockade of Iran, reviving concerns about supply of the key comm...
India
India's Zetwerk files updated IPO draft papers to raise $272 million
India's Zetwerk Manufacturing Businesses on Thursday filed updated papers for an initial public offering through which it aims to raise 26 billion rupees ($272.47 million) in fre...
India
India's JSW Cement posts first-quarter profit on healthy demand, price hikes
India's JSW Cement reported a first-quarter profit on Thursday, as healthy demand and price hikes helped offset cost pressure.
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