Posts From Ramesh Sridharan

 Samsung Electronics Co Ltd (005930.KS) said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins. Samsung shares touched a fresh high of

MUMBAI (Reuters) – Indian’s chief economic adviser Arvind Subramanian will continue for one more year after his current term ends on Oct. 16, the finance ministry said in a Twitter post on Saturday. Subramanian, a former U.S.-based economist, was named

Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a new strategic alliance, seeking technology sharing and cost saving in a range of activities from purchasing to development of electric vehicles. The

MUMBAI (Reuters) – ICICI Lombard General Insurance Co. Ltd. set a price range of 651 rupees to 661 rupees a share for its initial public offering, which will run Sept. 15-19, according to a stock exchange filing on Thursday. At

NEW DELHI (Reuters) – India has started exporting diesel to Myanmar via a land route, in a boost to Prime Minister Narendra Modi’s pledge to enhance hydrocarbon trade with neighbouring countries. Modi, who is due to start a three-day visit

 Indian shares ended higher on Friday clocking their third straight weekly gain, as a weaker-than-expected economic growth data raised hopes the central bank would cut interest rates in October. The broader NSE Nifty closed 0.57 percent higher at 9,974.40, while

Employers added only 156,000 jobs in August as the pace of hiring slowed, according to the Labor Department report Friday. The unemployment rate crept up to 4.4% from the 16-year low of 4.3% reached last month, as fewer adults reported

MUMBAI (Reuters) – Indians returned almost all of the estimated 15.4 trillion rupees ($ 242 billion) in high-currency bills removed from circulation in a shock move late last year, the Reserve Bank of India (RBI) said in its annual report

India is considering setting up remote air traffic control (ATC) towers to cut costs and overcome labour shortages, government sources told Reuters, as Prime Minister Narendra Modi looks to open dozens of regional airports to boost air travel. Remote monitoring

India’s Supreme Court ruled on Thursday the right to privacy is a fundamental right protected by the Indian Constitution, in a potential setback to the government’s push to mandate the use of Aadhaar, or unique ID numbers for a variety