MUMBAI/NEW DELHI Indian companies are posting their best earnings results since Prime Minister Narendra Modi swept to power two years ago, giving the clearest sign yet that India's fast, but patchy, economic growth is becoming more broad-based.
MUMBAI State Bank of India (SBI) , the country's top lender by assets, reported on Friday its fourth-quarter profit tumbled a worse-than-expected 66 percent due to sharply higher provisions for bad loans as India's banks respond to a central bank order to clean up their books.
MUMBAI India's biggest conglomerate Tata Group launched an e-commerce venture on Friday, as it seeks to cash in on rising purchasing power in a market dominated by deep-pocketed international retailers and startups backed by global tech investors.
MUMBAI State-run Canara Bank reported on Friday a fourth-quarter net loss of 39.05 billion rupees ($583 million) as provisions, including those to cover sour debt, jumped six times.
Indian shares rose more than 1 percent on Friday, posting their fourth straight session of gains and the best weekly jump in 12 weeks, after companies such as Bharat Petroleum Corp Ltd posted upbeat earnings.
KATHMANDU The body of an Indian climber was found on the upper slopes of Mount Everest, raising the death toll on the world's tallest mountain since it was re-opened to expeditions this spring to four.
NEW DELHI Maruti Suzuki India Ltd , the country's leading carmaker, will recall 77,380 vehicles to upgrade the airbag controller software and replace a faulty fuel filter, the company said in a statement on Friday.
NEW DELHI A makeshift cinema hall under a 140-year-old bridge in the Indian capital is allowing poor rickshaw pullers and migrant labourers to escape daily hardship and sweltering heat into a world of Bollywood song, dance and romance.
BERLIN A total of 23 athletes from five sports tested positive for banned drugs in re-checks of 265 samples from the London 2012 Olympics, the International Olympic Committee said on Friday.
HIROSHIMA, Japan Barack Obama on Friday became the first incumbent U.S. president to visit Hiroshima, site of the world's first atomic bombing, in a gesture Tokyo and Washington hope will showcase their alliance and reinvigorate efforts to rid the world of nuclear arms.