Page 681 - Reuters

BluSmart seeking to challenge Uber, Ola with an all-electric taxi fleet

A confidential BluSmart investor deck from March, reviewed by Reuters, stated "Uber is losing drivers, riders and market share in India"

Bank of America profit rises as it cashes in on higher interest rates

Bank of America's net interest income, which reflects how much money the bank makes from charging interest to customers, rose 25% to $14.4 billion in the quarter

Strong 5G gear sales in India boost Ericsson's quarterly net profit

While India boosted equipment sales, analysts said the net growth was chiefly driven by the $6.2 billion aquisition of cloud communication firm Vonage that Ericcson closed last year

Tata Coffee reports 20% rise in profit on strong demand for March quarter

The company, which also exports to over 40 countries, said its revenue from its value added products business increased about 11% to 6.24 billion rupees

India, China snap up Russian oil in April above 'price cap': Report

The advocates of the cap say it reduces revenues for Russia while allowing oil to flow, but its opponents say it is too soft to force Russia to backtrack on its activities in Ukraine

ICICI Lombard General Insurance profit rises 40% as premiums climb

The Mumbai-based insurer's March-quarter profit after tax rose to Rs 437 crore ($53.29 million), from Rs 313 crore posted a year ago

India plans to appeal against WTO panel ruling on IT tariffs: Govt

If India appeals, the case will sit in legal purgatory since the WTO's top appeals bench is no longer functioning due to US opposition to judge appointments

Goldman Sachs profit falls in first quarter as dealmaking sputters

Goldman booked a $470 million loss on the sale as the bank rejigs its strategy after a foray into consumer banking, which Chief Executive David Solomon had championed for years, flopped

India's migrant millions: Caught between jobless villages and city hazards

"There are not enough jobs, and they are not good enough to attract people for the long term, not good enough wages to invest in housing, to get their children to the cities to study"

From iPhone 3G to 1st retail store: Here is Apple's 15-yr journey in India

As Apple opens its first stores, here is a timeline of its journey in India, where the US firm's contract manufacturers are increasingly making iPhones

India's sugar output drops 5.4% y/y as mills close early, worst in Maha

Lower sugar output from India, the world's biggest producer of the sweetener, will leave hardly any surplus for additional exports during the current 2022/23 season

HDFC Bank set to meet reserve ratio requirements post merger: Report

The $40 billion merger, announced last April, is expected to conclude by July, HDFC Bank's Chief Financial Officer Srinivasan Vaidyanathan told analysts at a conference call on Saturday

New Delhi rejects renewal of Pernod's liquor sale licence, cites probes

The 12-page order also stated, "Pernod Ricard India Private Limited and its employees had active involvement in the said criminal conspiracy"

Apple craze draws long queues at opening of first India store in Mumbai

The new store, located in the premier Reliance-owned Jio World Drive mall, underscores Apple's growing ambitions for India

India, Russia talk free trade agreement in a bid to strengthen ties

Jaishankar said Indian business could benefit from Russian technology and that New Delhi was working to iron out payments, certification and logistics issues

India, Russia discussing free trade agreement, says Russia's deputy PM

Russia's Manturov was speaking at an event in New Delhi with India's foreign minister, S. Jaishankar, who said the South Asian country was in advance agreement for a bilateral trade treaty with Moscow

WTO panel rules against India in IT tariffs dispute with EU, others

The EU is India's third largest trading partner, accounting for 10.8% of total Indian trade in 2021, according to the European Commission

Apple CEO Tim Cook to meet PM Modi, IT minister amid India expansion plans

The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India

Nike, Adidas shoes maker Pou Chen to invest nearly $281 mn in India

The investment, which would create about 20,000 jobs in Tamil Nadu over a span of 12 years

Apple chief executive Tim Cook to meet PM Narendra Modi amid expansion

The visit by Cook to open the first official company-owned outlets in Mumbai and New Delhi this week underscores Apple's growing ambitions for India