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India’s Glenmark Pharma posts loss for Q3 as remediation cost weighs

HYDERABAD (Reuters) - India's generic drugmaker Glenmark Pharmaceuticals posted a quarterly loss for the second time straight, hurt by higher expenses and costs related to remediation of its

Rupee rises 6 paise against US dollar

Mumbai, Feb 14 (PTI) The rupee appreciated 6 paise to close at 83.02 against the US dollar on Wednesday, tracking positive domestic equities. A...

Indian miner Vedanta’s parent may sell $1 billion worth shares to GQG – ET Now

BENGALURU (Reuters) - Vedanta Resources, the parent of Indian miner Vedanta Ltd, may sell about $1 billion worth shares in the company to investment firm GQG Partners via block deals, television

Irdai proposes to increase ‘free look’ period to 30 days

New Delhi, Feb 14 (PTI) Regulator Irdai on Wednesday proposed to increase the "free look" period for return of the policy to 30...

BPCL to set up first-ever green hydrogen plant in an Indian airport

BENGALURU (Reuters) - Indian refiner Bharat Petroleum Corp Ltd (BPCL) said on Wednesday it will set up the first-ever green hydrogen plant inside an airport in the country. BPCL said it would build

Gold hovers below $2,000 mark as markets tone down rate-cut bets

By Anjana Anil (Reuters) - Gold prices extended declines on Wednesday, languishing below the key $2,000-per-ounce mark, pressured by a stronger-than-expected U.S. inflation report that caused

Reliance first Indian company to settle at Rs 20 lakh cr m-cap

Mumbai, Feb 14 (PTI) Billionaire Mukesh Ambani's Reliance Industries on Wednesday became the first Indian company to achieve a market capitalisation of of...

RBI Guv asks banks to remain vigilant against build-up of risks

Mumbai, Feb 14 (PTI) RBI Governor Shaktikanta Das on Wednesday asked banks to remain vigilant against build-up of risks in the banking system as...

Visa halts intermediated commercial card payments in India after regulatory order

BENGALURU (Reuters) -Visa said on Wednesday that the Reserve Bank of India, which is also the country's financial market regulator, had directed it last week to halt all domestic transactions for

India’s Crompton Greaves misses Q3 profit view on soft demand, rising costs

BENGALURU (Reuters) - India's Crompton Greaves Consumer Electricals reported a smaller-than-expected rise in third-quarter profit on Wednesday, hurt by subdued demand for its home appliances and

On Camera

CEA Nageswaran says India’s FY24 growth could hit 8%, but World Bank warns this is ‘above potential’

Speaking at an event, World Bank country director Auguste Tano Kouamé said growth above potential would result in high inflation.

Three Indian Navy ships deployed to South China Sea

Deployment comes at a time when Yuan Wang 03, a Chinese missile and satellite tracking vessel, has entered Indian Ocean Region.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.