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Sachin Ravikumar

Police patrol deserted Bengaluru streets after Facebook post sparks clashes

10:05am EDT

BENGALURU Baton-wielding police patrolled barricaded and deserted streets in parts of the southern Indian tech hub of Bengaluru on Wednesday, after three people were killed in overnight clashes triggered by a Facebook post offensive to Muslims. | Video

India's shortage of remdesivir is easing, says producer Cipla

Aug 11 2020

BENGALURU India's supply of antiviral drug remdesivir and generic equivalents is stabilising after shortages of the vital COVID-19 medicine at hospitals, according to a top executive at one of the country's big drugmakers, Cipla Ltd.

Sensex, Nifty settle higher after RBI keeps rate steady

Aug 06 2020

BENGALURU Indian shares closed higher on Thursday after the country's central bank kept interest rates steady but vowed to do "whatever is necessary" to revive an economy battered by the COVID-19 pandemic.

Indian shares rise on hopes of RBI support to flagging economy

Aug 06 2020

BENGALURU, Aug 6 Indian shares rose on Thursday, spurred by optimism that the country's central bank will unveil more measures to support a coronavirus-hit economy during its monetary policy announcement later in the day.

Indian shares end flat; metal stocks gain

Aug 05 2020

BENGALURU Indian shares ended little changed on Wednesday as a string of upbeat quarterly earnings reports failed to offset concerns over rising domestic coronavirus cases.

Indian shares jump on earnings optimism, Axis Bank rises

Aug 05 2020

BENGALURU, Aug 5 Indian shares extended gains on Wednesday, driven by Axis Bank and metals stocks, as a series of encouraging earnings reports spurred optimism about a pick up in business activity.

Indian shares slide as banks slip, virus cases surge

Aug 03 2020

BENGALURU, Aug 3 Indian shares fell for the fourth straight session on Monday as banking stocks tumbled on mixed expectations for an upcoming interest rate decision, while surging domestic coronavirus cases also dented sentiment.

India's top refiner sees low run rates in 2020/21

Jul 31 2020

NEW DELHI Indian Oil Corp, the country's top refiner, will continue to operate its refineries below capacity in 2020/21 as it sees local and overseas fuel demand remaining subdued, IOC Chairman S. M. Vaidya said on Friday.

Reliance's revenue sinks on oil hit, profit up on BP deal gain

Jul 30 2020

BENGALURU Reliance Industries Ltd's June-quarter profit rose as the Indian conglomerate booked a one-time gain from a BP investment, although revenue tumbled as the coronavirus crisis slammed its refining and petrochemicals businesses.

India's Infosys set for best day in over seven years after profit beat, surprise outlook

Jul 16 2020

BENGALURU Shares of India's Infosys Ltd on Thursday soared 15% to a fresh record high, a day after large deal wins and tighter costs helped the country's second largest IT firm post better-than-expected profit and reinstate its full-year outlook.

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