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India

Cyclical Consumer Goods

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McLaren Automotive sees more growth ahead after record 2016

LONDON, June 29 Luxury sports carmaker McLaren Automotive said on Thursday it expected to post another record performance this year after reporting a 70 percent increase in pre-tax profits in 2016 off the back of an all-time high in sales.

3:30pm IST

UPDATE 2-H&M beats profit forecasts but trading remains tough

* Higher markdown levels seen in third quarter (Adds detail, background, analyst comment, updates shares)

3:04pm IST

UPDATE 1-DS Smith enters U.S. with $920 mln buy, reports higher FY profit

June 29 DS Smith Plc, a maker of corrugated cardboard, recycled paper and plastic packaging, said it would buy 80 percent of Interstate Resources, a corrugated packaging business, for $920 million, giving it an entry into the American market.

2:43pm IST

UPDATE 4-Samsung announces new U.S. plant ahead of Trump summit with Moon

* Plant investment of $380 mln, will create almost 1,000 jobs

2:28pm IST

Qatar defence minister to visit Turkey - Turkish ministry sources

ANKARA, June 29 Qatar's defence minister is due to visit Ankara on Friday and will hold talks with his Turkish counterpart, sources at Turkey's defence ministry said on Thursday.

2:11pm IST

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Modi set to launch India's biggest tax reform amid protests

NEW DELHI At midnight on Friday, India will introduce nationwide goods and sales tax with Prime Minister Narendra Modi taking centre-stage in parliament for what will be the country's biggest tax reform in the 70 years since independence from British colonial rule.