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European shares slide, euro steady as data tees up ECB rate hikes

By Alun John LONDON (Reuters) - The euro held at a nine-month high against the dollar, though European stocks eased after regional business activity data reinforced expectations that the European

India’s TVS Motor beats third-quarter profit estimates on price increases

CHENNAI (Reuters) - India's TVS Motor reported a bigger-than-expected rise in third-quarter profit on Tuesday, as the two-wheeler maker passed on the increase in expenses to its customers. Corporate

Unilever’s dominance in India helps it raise prices, pinching rural poor

By Richa Naidu and Aditya Kalra LONDON/NEW DELHI (Reuters) - Unilever racked up strong sales growth in India last year on the back of sharp prices increases thanks to its dominant market position and

Oil steady as China reopening is balanced by economic concerns

By Noah Browning LONDON (Reuters) -Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by hopes of a fuel demand

Dollar struggles, shares buoyant as business activity data set the mood

By Alun John LONDON (Reuters) - The euro held at a nine-month top against the dollar and global equities bobbed at multi-month highs on Tuesday after reasonable European business activity data and a

Indian shares pare gains as investors book profits in financials

BENGALURU (Reuters) -Indian shares erased gains, tracking a slide in financials as investors booked profits after strong quarterly earnings reports ahead of the federal budget due next week. The Nifty

India’s SBI Card Q3 profit misses estimates on higher costs; shares drop

BENGALURU (Reuters) - India's SBI Cards and Payment Services Ltd reported a smaller-than-expected rise in quarterly profit, as higher costs offset robust consumer spending, sending shares to a

Dollar stuck near nine-month low vs euro as yen bounces

By Amanda Cooper LONDON (Reuters) -The dollar hovered near a nine-month low against the euro and surrendered recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. recession

Colgate-Palmolive India arm posts surprise drop in Q3 profit on costs, dull demand

BENGALURU/CHENNAI (Reuters) - Colgate-Palmolive (India) Ltd reported a surprise fall in third-quarter profit on Tuesday, as inflation-hit consumers tightened spending, while higher costs weighed. The

Paracetamol maker Granules India posts 23% rise in Q3 profit

BENGALURU (Reuters) - Pharmaceutical company Granules India Ltd reported a 23% rise in third-quarter profit on Tuesday, propelled by strong demand for the painkiller drug Paracetamol. Consolidated

On Camera

Ratan Tata mettle revealed in 1980s’ PepsiCo battle. Shook up fuddy-duddy business practices

Ratan Tata’s political naiveté and his complete inability to engage in the ‘deal-fixing’ culture of Indian businesses made him a great ally during the PepsiCo battle of the 1980s.

RBI’s policy-setting body keeps rates unchanged for 10th straight time, changes stance to ‘neutral’

Change in stance signals possibility of rate cuts, potentially as early as December, depending on inflation trends & global economy. Growth projection for FY 2024-25 retained at 7.2%.

Amid concerns about use of Chinese parts in drones, Army general urges industry to be transparent

Maj Gen CS Mann, ADG, Army Design Bureau, cites national security concerns. This comes after intelligence agencies flagged use of Chinese components in drones purchased by armed forces.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?