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India’s Reliance Industries misses Q3 profit view on windfall tax, higher costs

BENGALURU (Reuters) -Reliance Industries Ltd, India's biggest company by market valuation, reported a bigger-than-expected drop in quarterly profit on Friday, hurt by higher expenses and the

India’s Reliance Industries Q3 misses profit view

BENGALURU (Reuters) -Reliance Industries Ltd, India's biggest company by market valuation, reported a bigger-than-expected drop in quarterly profit on Friday, hurt by higher expenses and subdued

Indian IT firm LTIMindtree posts profit drop in first quarterly report

BENGALURU (Reuters) - Indian IT services provider LTIMindtree reported a 4.7% drop in third-quarter profit on Friday, as rising costs took the sheen off the company's first-ever earnings report.

India’s Reliance Industries misses Q3 profit view as expenses mount

BENGALURU (Reuters) -Reliance Industries Ltd, India's biggest company by market valuation, reported a bigger-than-expected drop in quarterly profit on Friday, hurt by higher expenses and subdued

Gold heads for fifth weekly rise on slower rate hike hopes

By Kavya Guduru (Reuters) - Gold prices scaled their highest levels since late April on Friday and were on track for a fifth consecutive weekly gain amid expectations of slower rate hikes from the U.S

Dollar surges against the yen as nerves fray over economic outlook

By Amanda Cooper LONDON (Reuters) - The dollar was heading for its biggest one-day rally against the yen in two weeks on Friday, after the Bank of Japan governor reiterated there would be no change in

Global stocks set for weekly loss as rate rise worries mount

By Naomi Rovnick LONDON (Reuters) - Global stocks headed for their first weekly loss of the year so far as markets switched focus from China reopening to recession risks driven by central bank rate

India to extend export incentive scheme to green hydrogen fuel- sources

By Shivangi Acharya NEW DELHI (Reuters) - India will extend export benefits under a key scheme to domestic green hydrogen fuel manufacturers, two government officials said, as the Asian nation aims to

Indian music label Saregama’s Q3 profit jumps on new song releases

BENGALURU/CHENNAI (Reuters) - Saregama India Ltd reported a 21% rise in third-quarter profit on Friday, as the record label benefited from licensing more movie songs to its streaming partners and

India court quashes write-off of Yes Bank’s AT1 bonds -legal sources

MUMBAI (Reuters) - The Bombay High Court, in an oral pronouncement on Friday, quashed the write-off of additional Tier 1 (AT1) bonds issued by Yes Bank Ltd, said legal sources with direct knowledge of

On Camera

Read the Kashmir verdict. It’s time to stop treating it like a national security crisis

Election after election has seen Kashmir’s people demonstrate that, like other Indians, they seek a future shaped by democratic rights and norms

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%.

Massive in size & capable of heavyweight strikes. Russia’s S-70 Okhotnik is unlike any other drone

No clarity on whether it was shot down intentionally or accidentally.Some reports suggest that it was purposely brought down to prevent Ukrainians getting their hands on the drone.

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?