indian

 
 

India's Reliance reports 17.3pc rise in profits

MUMBAI, Oct 18 — Indian conglomerate Reliance Industries yesterday reported a 17.3 per cent rise in consolidated net profit boosted by strong revenues from its telecom venture Jio and margins from its core business of oil refining. The…


UK’s May met Tata patriarch Ratan as Jaguar warns on Brexit, diesel, says source

LONDON, Oct 17 — British Prime Minister Theresa May and business minister Greg Clark met Ratan Tata, patriarch of the Indian Tata family, a few weeks ago as its car brand Jaguar Land Rover warns about the effect of Brexit and diesel policy, a…


Wall St rallies over 2pc with earnings, data boost

NEW YORK, Oct 17 — US stocks surged more than 2 per cent yesterday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp selloff. Wall…


Labour strife in India’s manufacturing hubs may undermine Modi’s jobs push

CHENNAI/NEW DELHI: Labour unrest is on the rise at two centres in India where motorcycles and components are manufactured, underlining the problems Prime Minister Narendra Modi’s government faces in creating new manufacturing jobs that are sustainable and pay attractive wages. Motorbike makers, such as Japan’s Yamaha, and India’s Eicher Motors – maker of the iconic Royal […]


AirAsia Group shares up in morning session

KUALA LUMPUR, Oct 15 — AirAsia Group Bhd’s shares rose in the morning session today on anticipation of a more targeted expansion plan following the latest development in its Indian joint venture. At 11.02am today, AirAsia’s shares perked six…


Trump tariffs cost US$1.4 billion monthly — US business group

WASHINGTON: A coalition of US business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers US$1.4 billion a month. The group says that in Michigan, a state with several competitive elections this fall, tariff costs tripled […]


Who runs the (economic) world? It might soon be women

NUSA DUA, Oct 12 — Who runs the world? It might soon be women as a crop of female economists join IMF chief Christine Lagarde in top positions at major financial bodies. As the International Monetary Fund and World Bank meet this week in Bali,…


US business group says Trump China tariffs cost US$1.4b a month

WASHINGTON, Oct 11 — A coalition of US business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and…


AirAsia India names Tata Steel executive Bhaskaran as new CEO

NEW DELHI, Oct 10 — India’s Tata Steel Vice-President of Corporate Services Sunil Bhaskaran will be AirAsia India new Chief Executive Officer and Managing Director, replacing Amar Abrol who stepped down in May. Bhaskaran will assume his new role…


US dollar touches seven-week high, Italy worries weigh on euro

NEW YORK, Oct 9 — The dollar rose today, boosted by rising US bond yields to a seven-week peak against a basket of currencies, as the euro weakened further on worries about the tension between the European Union and Italy over that country’s…