(Reuters) – CE Info Systems, the parent firm of digital maps provider MapmyIndia, said on Monday that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback, with its shares closing 16% higher. MapmyIndia powers Apple Inc’s maps in the country and garners 99% of …
MapmyIndia parent scraps plan to invest in outgoing CEO’s company, shares surge Read More »
By Bharath Rajeswaran and Indranil Sarkar (Reuters) -India’s benchmark indexes inched lower on Monday, dragged by consumer stocks on Godrej Consumer Products’ bleak third-quarter forecast and auto stocks after data showed a drop in car sales last month. The NSE Nifty 50 fell 0.24% to 24,619 points, while the BSE Sensex shed 0.25% to 81,508.46, …
Consumer, autos stocks drag India’s benchmarks lower Read More »
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart’s Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at Indian high courts, were aiming to scuttle the probe. In a filing on Dec. 3, reviewed …
India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed slightly weaker on Monday, weighed down by a decline in its Asian peers with analysts expecting the local currency to continue facing headwinds amid persistent strength in the U.S. dollar. The rupee ended at 84.73 against the U.S. dollar, down from its close of 84.6875 …
Rupee ends marginally lower, near-term bearish bias tipped to persist Read More »
By Amlan Chakraborty (Reuters) – As Mohammed Shami was tormenting local batters in Rajkot last week in his latest outing since returning from a year out due to injury, some questioned why one of India’s top seamers had not been flown out to Australia to support pace spearhead Jasprit Bumrah. In the wake of India’s …
Cricket-Door open for Shami as India look to lessen Bumrah’s burden Read More »
(Corrects media packaging code; no changes to text) By Sethuraman N R (Reuters) -Shares of India’s Godrej Consumer Products slumped 9% on Monday, set for their worst day since March 2020 and dragging down its peers in the fast moving consumer goods sector after the firm warned of stress on demand and profit margins in …
India’s Godrej Consumer slumps 9% after flagging weak Q3 demand Read More »
SYDNEY (Reuters) – Australia quick Josh Hazlewood bowled two spells at full pace at Adelaide Oval on Monday and thinks he will know in the next 24 hours if he will be available for the third test against India in Brisbane. Hazlewood missed the 10-wicket win over India in Adelaide on Sunday with the latest …
Cricket-Australia quick Hazlewood could be back for third India test Read More »
NEW DELHI (Reuters) – At least 40 schools received a bomb threat by email in Delhi on Monday demanding $30,000, ANI news agency said, while police officials conducted initial searches on school premises. Schools, railway stations and airports this year have been subject to hundreds of bomb threats, which have later turned out to be …
Dozens of schools in Delhi get bomb threats, ANI news agency says Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is expected to be range-bound, along with government bond yields, as they take cues from local and U.S. inflation data this week that is likely to influence expectations of potential rate cuts by central banks. The rupee closed at 84.6875 against the U.S. …
Indian rupee, bonds to take cues from inflation prints Read More »
(Reuters) -A wounded Australia roared back into the five-test series against India with a 10-wicket victory at their happy hunting ground in Adelaide on Sunday that saw them reclaim the lead in the World Test Championship (WTC) standings. The hosts had crumbled to a comprehensive defeat by a depleted Indian side in the series opener …
Cricket-Australia tickled pink after levelling series at Adelaide fortress Read More »
