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India’s Bandhan Bank Q3 profit tanks on higher provisions

BENGALURU (Reuters) - Indian private lender Bandhan Bank Ltd on Friday reported a 66% slump in third-quarter profit, hurt by higher provisions and lower interest income. Net profit for the

India’s Reliance Jio reports 28% rise in Q3 profit

BENGALURU (Reuters) - Reliance Jio, the telecom arm of Indian billionaire Mukesh Ambani-led conglomerate Reliance Industries Ltd, reported a 28.3% rise in third-quarter profit on Friday, as it added

India’s JSW Steel Q3 profit plummets 89% on beleaguered exports

BENGALURU (Reuters) -Indian iron and steel products maker JSW Steel Ltd on Friday said third-quarter profit tanked 89%, hurt by lower exports. Consolidated net profit for the quarter ended Dec. 31

Rupee firms but shy of breaching key level; traders see upside

By Anushka Trivedi MUMBAI (Reuters) - The Indian rupee strengthened on Friday, but hesitated to firm past the key 81.10 level, trading broadly in line with its Asian peers, as the U.S. dollar remained

India’s JSW Steel Q3 profit slumps on beleaguered exports

BENGALURU (Reuters) - India's JSW Steel Ltd on Friday said third-quarter profit tanked 89%, hurt by lower exports. Consolidated net profit for the quarter ended Dec. 31 fell to 4.90 billion rupees (

Dollar edges higher as economic storm clouds gather

By Amanda Cooper LONDON (Reuters) - The dollar hovered around seven-month lows on Friday as a slew of data feeds concern among investors that an economic slowdown could be unavoidable, while a bout of

Global stocks set for weekly loss as rate rise worries temper China reopening cheer

By Kevin Buckland and Naomi Rovnick TOKYO/LONDON (Reuters) -Global stocks were set for their first weekly loss of the year so far, as a rally driven by hopes of China fuelling a global economic

Despite India’s economic growth, few jobs and meagre pay for urban youth

By Manoj Kumar FARIDABAD, India (Reuters) - Ravi Verma, hired by an electrical parts manufacturing firm early last year as India's economy surged, was fired in November when the company lost several

India’s DCM Shriram posts Q3 profit fall as costs soar

BENGALURU (Reuters) - Indian chemicals-to-sugar maker DCM Shriram reported a 2.1% fall in third-quarter profit on Friday, hurt by rising raw material and power costs. Consolidated net profit fell to

Oil heads for second week of gains on China demand outlook

By Alex Lawler LONDON (Reuters) -Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening economic prospects for China and resulting expectations of a boost

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?