ICICI Bank Q1 net beats estimates, bad loans ease


MUMBAI - ICICI Bank Ltd, India's biggest private sector lender by assets, reported a 12 percent rise in quarterly profit, beating estimates, and its bad loan ratio fell sequentially, sending its shares higher by more than 5 percent.

WMA to look into future president Ketan Desai after Reuters story

NEW DELHI/LONDON - The World Medical Association, the leading international medical-ethics body, said it will look into “a number of questions” raised by a Reuters investigation of the organization’s future president.

10:40am IST

Uber to invest $1 billion in India in next 9 months

REUTERS - Uber Technologies Inc will invest $1 billion in India in the next nine months as the online ride hailing company is bullish on the Indian market.

Top News, Tech, Business 9:44am IST

Beijing and Almaty make last pitches to stage 2022 winter Games

KUALA LUMPUR - The bidding teams from Beijing and Almaty made their final pitches to the International Olympic Committee (IOC) on Friday, pushing their cases to be chosen as the host for the 2022 winter Olympics.

11:40am IST

India says Punjab attackers came from Pakistan, but talks on for now

NEW DELHI - Gunmen who stormed a police station and killed seven people in Punjab came from Pakistan, the government said on Thursday, but it gave no indication that a plan for bilateral high-level security talks have been jeopardized by the attack.

30 Jul 2015

Political gridlock holds up India's landmark tax reform

NEW DELHI - Parliament is unlikely to approve a landmark tax shakeup in its current sitting, a new setback for Prime Minister Narendra Modi's reform agenda that makes it harder to meet a deadline to launch the new levy by next April.

Top News, Business 30 Jul 2015

Climate pressures lead to rise in 'new-age orphans' in Sundarbans

SANDESHKHALI, India (Thomson Reuters Foundation) - Eleven-year old Srijita Bhangi sits in the waiting room of the jetty boat that connects her island home in Khulna to the mainland Sundarbans, near India's border with Bangladesh.

30 Jul 2015

India hangs Yakub Memon for 1993 Mumbai bomb blasts

MUMBAI/NEW DELHI - India hanged Yakub Memon on Thursday for his role in the country's deadliest bombings, which killed 257 people in Mumbai in 1993, after the Supreme Court threw out his final plea for a stay of execution.

Top News, World 30 Jul 2015

Pininfarina says still hoping to agree sale to Mahindra

MILAN - Troubled Italian car designer Pininfarina is still hoping to clinch a sale to Indian vehicle maker Mahindra and Mahindra but has begun drafting a stand-alone business plan as its financial position worsens.

Top News, Business 1:35am IST