Edition:
United Kingdom

Sachin Ravikumar

Sensex, Nifty jump on earnings optimism, Axis Bank rises

6:54am BST

BENGALURU Indian shares extended gains on Wednesday, driven by Axis Bank and metals stocks, as a series of encouraging earnings reports spurred optimism about a pick up in business activity.

Indian shares slide as banks slip, virus cases surge

03 Aug 2020

BENGALURU, Aug 3 Indian shares fell for the fourth straight session on Monday as banking stocks tumbled on mixed expectations for an upcoming interest rate decision, while surging domestic coronavirus cases also dented sentiment.

India's top refiner sees low run rates in 2020/21

31 Jul 2020

NEW DELHI Indian Oil Corp, the country's top refiner, will continue to operate its refineries below capacity in 2020/21 as it sees local and overseas fuel demand remaining subdued, IOC Chairman S. M. Vaidya said on Friday.

Reliance's revenue sinks on oil hit, profit up on BP deal gain

30 Jul 2020

BENGALURU Reliance Industries Ltd's June-quarter profit rose as the Indian conglomerate booked a one-time gain from a BP investment, although revenue tumbled as the coronavirus crisis slammed its refining and petrochemicals businesses.

India's Infosys set for best day in over seven years after profit beat, surprise outlook

16 Jul 2020

BENGALURU Shares of India's Infosys Ltd on Thursday soared 15% to a fresh record high, a day after large deal wins and tighter costs helped the country's second largest IT firm post better-than-expected profit and reinstate its full-year outlook.

India's Flipkart to raise $1.2 billion in Walmart-led funding

14 Jul 2020

BENGALURU Flipkart will raise $1.2 billion in funding led by majority owner Walmart Inc , the Indian e-commerce firm said on Tuesday, as it looks to compete better with Amazon.com Inc in a coronavirus-hit market.

India's tech hub, other towns back in lockdown amid COVID-19 surge

14 Jul 2020

BENGALURU/MUMBAI India's high-tech hub of Bengaluru will go back into a coronavirus lockdown for a week on Tuesday after a surge of infections, threatening to derail government efforts to revive a stuttering economy.

India's tech hub, other towns back in lockdown as coronavirus infections surge

14 Jul 2020

BENGALURU/MUMBAI, July 14 India's high-tech hub of Bengaluru will go back into a coronavirus lockdown for a week on Tuesday after a surge of infections, threatening to derail government efforts to revive a stuttering economy.

Health experts cast doubt on India's timeline for COVID vaccine

03 Jul 2020

NEW DELHI/BENGALURU The chief of India's top clinical research agency said in a leaked letter circulated on Friday it envisaged launching a novel coronavirus vaccine by Aug. 15, prompting scepticism from some health experts who questioned the short timeline.

Short timeline for India vaccine test raises doubts among health experts

03 Jul 2020

NEW DELHI/BENGALURU, July 3 The chief of India's top clinical research agency said in a leaked letter circulated on Friday it envisaged launching a novel coronavirus vaccine by Aug. 15, prompting derision from some health experts who questioned the timeline.

World News