Edition:
India

Samantha Kareen Nair

SBI's results signal Indian banks' record bad loans peaking

10 Nov 2017

MUMBAI State Bank of India (SBI) posted quarterly results that indicated the nation's lenders may see a slower build-up of bad loans, but questions remain on how quickly and smoothly they can get rid of $146 billion of such debt that has already piled up.

ICICI Bank's second-quarter profit falls, awaits central bank report

27 Oct 2017

MUMBAI ICICI Bank Ltd on Friday reported a bigger-than-expected 34 percent fall in second-quarter profit partly due to a smaller gain from the sale of a stake in a business, but bad loans remained stable.

HDFC Bank posts record profit, bad loans stable

24 Oct 2017

MUMBAI HDFC Bank Ltd, India's second-biggest lender by assets, made a record quarterly profit from higher interest and fee income and said retail and wholesale lending was growing.

Infosys CEO resigns after long-running feud with founders

19 Aug 2017

BENGALURU/MUMBAI Vishal Sikka, the chief executive brought in to turn around India's Infosys three years ago, resigned on Friday, blaming a "continuous drumbeat of distractions" and a long-running row with the founders over company strategy. | Video

BRIEF-India's Infosys' chairman says co has no interest in engaging in legal battle against Murthy

18 Aug 2017

* India's Infosys' chairman says there will be no change to our buyback plan

HPCL aims to buy U.S. oil in next few months

04 Aug 2017

NEW DELHI/BENGALURU Hindustan Petroleum Corp plans to buy low-sulphur oil from the United States in the next few months for its 166,000 barrel per day (bpd) Vizag refinery in southern India, company executives said on Friday.

Sensex rises; Vedanta hits near three-year high

26 Jul 2017

The NSE Nifty edged up on Wednesday, hovering near the 10,000-point mark it breached for the first time in the previous session, with stocks such as Vedanta Ltd gaining on solid quarterly results.

CDSL soars 80 percent in debut on rosy outlook, little competition

30 Jun 2017

MUMBAI Central Depository Services (India) Ltd soared some 80 percent its debut on Friday, as investors flocked to a firm that has just one rival to compete with and robust earnings prospects as the nation's equity markets rack up new highs.

Pain from India's phone wars extends beyond RCom's sibling spat

30 May 2017

MUMBAI/BENGALURU Reliance Communications' balance sheet troubles, which have wiped off more than a third of its value this month, have thrown into sharp relief the squeeze afflicting India's telecoms sector: fickle users, wafer-thin margins and crippling debt.

Tech Mahindra fourth-quarter profit dives 33 percent on weak margins

27 May 2017

BANGALORE/MUMBAI Tech Mahindra Ltd, India's fifth-largest software service provider, posted a lower-than-expected fourth-quarter consolidated profit on Friday, weighed down by weak margins and higher cost of services.

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