Page 652 - Reuters

Blue Star Q1 profit rises over 12% on robust sales, revenue up 12.6%

BENGALURU (Reuters) - Indian air conditioner maker Blue Star on Thursday reported an over-12% rise in first-quarter profit, as a warmer summer led to a rise in sale of air conditioners

Pepsi India bottler Varun Beverages posts profit growth on steady volumes

The company, which also sells Aquafina packaged bottled water, said its consolidated revenue from operations grew 13.60 per cent to Rs 5,700 crore year-on-year

Govt restricts import of laptops, computers to push local manufacturing

"Their import would be allowed against a valid licence for restricted imports," the notice said

West African defence chiefs mull response to Niger coup, meeting concludes

Late on Wednesday, the junta in Niger vowed it would not bow to external pressure, dismissing the sanctions and ECOWAS' warning it could intervene

RBI intervention to keep rupee in tight range, analysts say: Poll

Expected volatility in the rupee over the next three months was at its lowest in two decades as the Indian central bank continued to buy dollars, adding to its FX reserves of over $600 billion

In India, it's advantage Tesla as Chinese automakers face scrutiny

Those talks continued over the past week with Tesla discussing minute details of its plans to gain access to India's fast-growing EV market, and Modi personally tracking developments, sources say

PM Modi unlikely to travel to South Africa for Brics, to attend virtually

China and Russia are keen to discuss expansion of BRICS at the summit, while India has reservations about that idea

Surging gold prices take sheen off Indian jewellery maker Titan's profit

Expenses climbed about 29%, outweighing a nearly 19% jump in sales to 101.03 billion rupees

Foxconn to invest $600 mn in Karnataka for components, chipmaking machinery

The world's largest contract manufacturer will also invest $250 million in a second plant where it aims to produce chipmaking tools in partnership with Applied Materials

Chicago wheat falls after Russian attack on Ukraine port renews worries

The most-active wheat contract on the Chicago Board of Trade (CBOT) fell 15 cents at $6.37-1/4 a bushel by 10:15 a.m. (1615 GMT), its lowest since July 13 after earlier rising nearly 5%

Elon Musk's X challenges Delhi court ruling on content blocking orders

If X's appeal is rejected, the government "will be emboldened to issue more blocking orders" that violate law, said X's 96 page filing submitted by local law firm Poovayya & Co

Chinese carmaker BYD faces investigation for underpaying tax in India: Rpt

India's Directorate of Revenue Intelligence (DRI) has alleged that China's largest electric vehicle (EV) maker, underpaid tax of Rs 73 crore ($9 million)

Six executives quit Nykaa, CEO Falguni Nayar to spearhead marketing

"Leadership roles are being augmented with an eye on strategic realignment, cost rationalization and growing complexity of the business," Nykaa said in a statement

Goodyear India's Q1 profit rises as low rubber prices offsets weak demand

Rubber prices, a key raw material for the tyre industry, have fallen by about 20%-25% over the last year through May, according to HDFC Securities

Vodafone enters exclusive national roaming partnership with Germany's 1&1

Vodafone's new Chief Executive Margherita Della Valle is leading a turnaround of the group, and as part of that is seeking to improve performance in its largest market, Germany

India's July edible oil imports hit record at 1.76 mn metric tonnes

India's average monthly edible oil imports in 2021/22 marketing year were 1.17 mn tonnes, trade body SEA said. In June, India imported 1.3 million tonnes of edible oils

Rising costs eat away KFC operator Sapphire Foods India's Q1 profit

India is reeling under rising prices of essentials as rains have disrupted supplies, with companies including Domino's flagship inflation-buster Rs 49 pizza being re-engineered by cutting price

Elon Musk's X challenges India court ruling on content blocking orders

X, formerly known as Twitter, in July 2022 sought to overturn some government orders to remove content from its platform, without specifying which

Major global firms warn of slow China sales as post-pandemic surge fades

Caterpillar, global firms have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce

India finds 'violations' at cough syrup maker linked to Cameroon deaths

Authorities have stepped up scrutiny of drugmakers after some cough syrups made in India were linked to deaths of dozens of children overseas