NEW DELHI, Oct 23 Reuters Japan39;s Toyota Motor is lobbying the Indian government to cut taxes on hybrid vehicles by as much as onefifth, arguing they are far less polluting than petrol cars but do not get commensurate policy treatment, a company letter shows. The world39;s largest carmaker plans to expand production capacity to meet a surge in […]

MUMBAI, Oct 23 Reuters Shares of Kotak Mahindra Bank fell more than 2 on Monday after it named veteran banker Ashok Vaswani as managing director and CEO following founder Uday Kotak39;s resignation, raising fears of volatility in the Indian lender39;s business going forward. Shares fell as much as 2.7 to 1,722.45 rupees on Monday. The stock was last […]

BENGALURU, Oct 23 Reuters Shares of India39;s secondlargest private lender ICICI Bank rose on Monday, after the bank posted a recordhigh quarterly profit. The lender39;s stock rose as much as 1.3, landing it among the top gainers on the Nifty Private Bank and bluechip Nifty 50 indices. ICICI Bank is the thirdheaviest stock on the Nifty 50 index […]

AMSTERDAM, Oct 23 Reuters Dutch health technology company Philips on Monday raised its fullyear outlook as it beat analysts39; expectations for thirdquarter core profit and comparable sales. Core profit more than doubled to 457 million euros 483.3 million, while comparable sales were up 11 at 4.5 billion euros as demand for its medical scanners, patient monitoring […]

ZURICHFRANKFURT, Oct 23 Reuters Roche on Monday said it will buy Telavant, a developer of a new treatment for inflammatory bowel diseases, for an initial 7.1 billion from U.S biotech firm Roivant Holdings and Pfizer Inc. Under the deal, which continues Roche39;s drive to diversify away from its aging cancer treatment business, the Swiss drugmaker will gain […]

Oct 23 Reuters Volkswagen shares fell more than 3 to their lowest since April 2020 on Monday after the German carmaker cut its profit margin outlook for the current year, disappointing some investors. Blaming negative effects from raw materials hedges, Europe39;s largest automotive group on Friday indicated a return on sales of 7.07.3, down from 7.58.5 forecast […]