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Chris Thomas

Unknown men attack India's SAIL chairman with iron bars

08 Aug 2019

NEW DELHI/BENGALURU Four unidentified men attacked the chief of India's largest state-owned steel firm, Steel Authority of India Ltd, with iron bars as he was driving home in a violent assault that he said on Thursday appeared linked to business dealings.

India Inc earnings disappoint, analysts warn of gloomy festive season

06 Aug 2019

BENGALURU India Inc has turned in its most disappointing quarterly numbers in at least three years and analysts warn hopes for any festive season cheer are likely to be dashed by a slowing economy.

State Bank of India warns of muted credit growth, misses quarterly profit estimates

02 Aug 2019

MUMBAI/BENGALURU State Bank of India (SBI) joined its peers in flagging concerns about tough domestic economic conditions and the stress the auto sector is under, as the country's largest lender by assets missed expectations for quarterly profit.

UPDATE 2-State Bank of India warns of muted credit growth, misses quarterly profit estimates

02 Aug 2019

* SBI shares down 2.7% after results (Adds details from call, executive comments)

Indian shares on track for seventh session of decline

26 Jul 2019

July 26 Indian shares edged lower for a seventh straight session on Friday, with losses in energy and mining shares outweighing gains in large cap finance stocks.

Indian shares rise, set to snap five days of losses

25 Jul 2019

July 25 Indian shares rose on Thursday after five sessions of losses, buoyed by gains in financial and pharmaceutical stocks, while telecom tower operator Bharti Infratel Ltd hit a near four-week high after a strong quarter.

Indian shares extend losses to fifth day after IMF lowers growth forecast

24 Jul 2019

July 24 Indian shares were on track for their worst losing streak since mid-May on Wednesday amid disappointing corporate earnings and after the International Monetary Fund (IMF) cut its annual growth forecast for the country.

Indian shares edge up as IT gains on weak rupee

23 Jul 2019

July 23 Indian shares inched higher in volatile trade on Tuesday as a weaker rupee boosted IT stocks, but lacklustre earnings from large cap companies capped gains.

Kotak Mahindra Bank joins rivals in warning of challenges ahead

22 Jul 2019

MUMBAI/BENGALURU Kotak Mahindra Bank Ltd reported a 32.7% jump in its first-quarter profit on Monday, but its results fell marginally shy of estimates and it became the third private-sector Indian bank in a row to sound a cautionary note about the slowing pace of domestic growth.

UPDATE 2-India's Kotak Mahindra Bank joins rivals in warning of challenges ahead

22 Jul 2019

MUMBAI/BENGALURU, July 22 Kotak Mahindra Bank Ltd reported a 32.7% jump in its first-quarter profit on Monday, but its results fell marginally shy of estimates and it became the third private-sector Indian bank in a row to sound a cautionary note about the slowing pace of domestic growth.

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