Mumbai News
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Updated 22 minutes ago
Tata Steel Ltd., India’s biggest producer of the alloy, posted a fourth-quarter loss following a non-cash writedown and falling prices in Europe.
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Updated 51 minutes ago
Jyothy Laboratories Ltd., the Indian maker of fabric whiteners and dishwashing soaps, is targeting a sixfold gain in sales of deodorants, vying with bigger rivals such as Unilever to woo urban women whose incomes are rising.
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Updated 3 hours, 2 minutes ago
India’s economy probably expanded less than 5 percent for a second quarter as political gridlock that threatens Prime Minister Manmohan Singh’s growth agenda tempered gains from farm output and lower interest rates.
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Updated 46 minutes ago
Nissan Motor Co. will introduce its first Datsun model in India by March 2014 as the Japanese carmaker offers cheaper vehicles in a push for a fivefold increase in its share of Asia’s third-biggest auto market.
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Updated 2 hours, 43 minutes ago
Infosys Ltd. Chief Executive Officer S.D. Shibulal says the worst may be over for India’s second- biggest software-services provider, which slumped 18 percent in the past two months. Investors remain to be convinced.
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JSW Steel Ltd., India’s third-biggest producer of the alloy, reported a 62 percent drop in fourth- quarter profit as prices in the local market fell and depreciation expenses climbed.
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Emerging-market stocks tumbled the most in 10 months and currencies depreciated as disappointing Chinese manufacturing data and speculation the Federal Reserve will scale back stimulus cut demand for riskier assets.
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State Bank of India, the nation’s largest lender by assets, posted a 19 percent decline in fourth- quarter profit, missing analysts’ estimates, as provisions for bad debt climbed.
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Greenko Group Plc, a developer of Indian wind farms, has received a 100 million-pound ($150 million) investment from Singapore’s sovereign wealth fund that will help boost its generation capacity sixfold.
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Ranbaxy Laboratories Ltd., India’s biggest drugmaker, fell the most in two years in Mumbai trading after Japanese parent Daiichi Sankyo Co. said it was pursuing “legal remedies” against former shareholders for hiding information relating to U.S. investigations of the company.
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