Page 691 - Reuters

Escorts Kubota posts drop in Q4 profit to $22.6 mn on higher expenses

Escorts Kubota reported a fall in its fourth-quarter profit on Wednesday, hurt by increased commodity prices, and unseasonal rains in March

Govt expands scope of money laundering law to cover firm's representatives

The law now also includes individuals who provide the company with an office or correspondence address or act as a trustee, the notification said

Pratt & Whitney to oppose Go First's push to enforce arbitration against it

Go First approached the Delaware court after it won an arbitration order in Singapore against Pratt & Whitney, which it said failed to supply engines on time

Inflation likely to hit 18-month low in April as price rise moderates: Poll

Predictions ranged from 4.40% to 5.80%, with respondents expecting inflation to remain below the RBI's 6.00% upper tolerance limit for the second consecutive month

Govt to decide on Go First bankruptcy, lessors seeking planes fear impact

This is the first time an Indian airline has voluntarily sought bankruptcy protection to renegotiate its contracts and debts

Apollo Tyres beats Q4 profit view on lower rubber costs, strong demand

Apollo's revenue from operations rose 12% to Rs 6,247 cr as the cost of materials consumed fell around 11.2% compared to the year-ago quarter

Market regulator issues legal notices to PTC India Financial Services

The SEBI investigation followed allegations levelled by three independent directors of PTC India Financial Services in January 2022

Apollo Tyres Q4 profit jumps 4-fold on lower rubber costs, strong demand

Apollo also recommended a final dividend of Rs 4 per share

Castrol India posts 11.3% fall in Q1 profit on rising input costs

Revenue from operations increased 4.7% to 13.12 billion rupees, but that was not enough to offset the 8.9% rise in total expenses to 10.23 billion rupees

NCLT to issue crisis-hit Go First's insolvency order on Wednesday

The airline, widely known as Go First, filed for bankruptcy protection last week, blaming "faulty" Pratt & Whitney engines for the grounding of about half its 54 Airbus A320neo planes

McDonald's India franchisee Westlife misses profit view as inflation bites

Westlife Foodworld Ltd, which owns franchise for McDonald's Corp in west and south India, reported a smaller-than-expected jump in fourth-quarter profit

Delhi HC upholds tribunal ruling favouring Reliance in gas sale case

Delhi HC uphelds ruling of an arbitration panel favouring RIL and its foreign partners in dispute over gas migration from fields operated by Oil and Natural Gas Corp Ltd, court order shows

Apollo Global Q1 earnings fall 8% in Jan-Mar quarter, missing estimates

Like its peers, private equity firm Apollo was hit by a slump in dealmaking in the quarter that made it challenging to cash out of its private equity holdings for top dollar

Standard Chartered to hire 100 staff for new China investment banking unit

The Beijing-based unit, which was awarded a licence in January, is being targeted for launch as early as the end of this year once it is cleared by local regulators, said John Tan

SRF posts 7% fall in profit on packaging margin hit in Jan-Mar quater

Consolidated net profit after tax stood at 5.62 billion rupees ($68.7 million) for the three months ended March 31, compared with 6.06 billion rupees a year earlier

Indian shares end flat on caution ahead of key data, earnings rush

Analysts expect the benchmark to witness consolidation in the near term, ahead of the domestic retail inflation data for April, due on Friday

Pension scheme returns 'exceedingly good' versus benchmarks: PFRDA

The pension scheme in which central government employees are registered has returned 9.4% since inception while the one for state government employees has returned 9.2%

India extends $1 billion credit line to crisis-hit Sri Lanka by a year

The credit line, part of about $4 billion in emergency assistance extended by India during the peak of Sri Lanka's financial crisis early last year, was scheduled to end in March

Japan's Mitsubishi Electric to build plant in Tamil Nadu for $231 million

The Indian arm of Japan's Mitsubishi Electric Corp said on Tuesday that it will invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern state of Tamil Nadu

Govt bailout of Go First unlikely unless engine issue resolved: Dy Minister

Deputy Aviation Minister VK Singh said the government has offered help to US-based Pratt & Whitney