BENGALURU, Nov 11 (Reuters) – Indian battery maker Exide Industries Ltd (EXID.NS)reported better-than-expected second-quarter earnings on Friday, driven by rising volumes and falling input costs. There was also an increase in demand from the replacement and original equipment manufacturer (OEM)
India told the UN Human Rights Council on Thursday that its Citizenship Amendment Act 2019 is limited and focused legislation that reaffirms the country’s commitment to the welfare of persecuted minorities in the region and takes into account “historical context
“The number of people who choose entrepreneurship is small. I want at least 5% of students to take the entrepreneurial path. For India to become a $5 trillion economy, we need jobs. Big manufacturing companies don’t create jobs. We need
On Thursday, Nykaa shares opened significantly lower by 6.5% to ₹168.05 and fell as much as 7.15% to a low of ₹166.85. Shares are currently trading 61% lower than their 52-week high of ₹2,574 on November 26, 2021. Earlier this
The country’s largest lender, State Bank of India (SBI), on Saturday reported a 74 percent increase in its after-tax independent profit to Rs.13,265 crore in the quarter ended September 2022 compared to Rs.7,627 crore in the same quarter last year.
revenue, debt service While mounting debt remains a concern, there are also several red flags regarding the quality of government spending. There are three concerns – propensity for the income account (everyday expenses) rather than the capital account (building assets
The CII representation two years ago listed 37 provisions affecting company law, the insolvency and bankruptcy code, environmental, consumer protection and labor law. The second set, created in 2021, included laws such as the Competition Act, the Consumer Protection Act,
Pending an agreement being worked out with Russia, India is in talks with Sri Lanka, the Maldives and several Southeast Asian, African and Latin American countries to begin trading the Indian rupee. Countries in these regions have shown interest in
The head of the Prime Minister’s Economic Advisory Council, Bibek Debroy, said on Monday that the current tax system does not generate enough revenue to meet the financing needs to build infrastructure and provide services, and said India should introduce
The economic reservation does not violate the basic structure of the constitution. A five-judge Constitutional Chamber, headed by Chief Justice of India UU Lalit, observed this on Monday when it rejected a series of petitions challenging the 103rd Amendment to