India’s Kotak Mahindra Bank beats expectations with 26% net profit rise in Jan-March

MUMBAI(Reuters) -India’s Kotak Mahindra Bank on Saturday reported a better-than-expected 26% increase in net profit for the January-March quarter, helped by higher net interest income and strong loan growth. The private lender’s standalone net profit, excluding subsidiaries, rose to 34.96 billion rupees ($427.8 million) in the fourth quarter of the fiscal year from 27.67 billion …

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Mujeres buscan acelerar los cambios y ganar más espacio en la arena política de Paraguay

Por Lucinda Elliott y Daniela Desantis ASUNCIÓN, 29 abr (Reuters) – Soledad Núñez, una ingeniera y exministra paraguaya de 40 años, busca un espacio en la arena política del país dominada por hombres como la primera vicepresidenta electa en los comicios del domingo. El país, una sociedad tradicionalmente machista y patriarcal, ha sido difícil para …

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Tickets to popular China tourism sites sold out as Labour Day holiday begins

BEIJING (Reuters) – Passenger travel on the first day of China’s five-day Labour Day holiday surged 151.8% from the same day last year, state broadcaster CCTV reported on Saturday. The number of air, road, waterway and railway trips rose to 56.99 million on the first day of the holiday that runs through Wednesday, CCTV said. …

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Fitch cuts France’s rating to ‘AA-‘, revises up outlook to stable

(Reuters) – Fitch cut France’s sovereign credit rating on Friday by one notch to ‘AA-‘, saying a potential political deadlock and social unrest posed risks to President Emmanuel Macron’s reform agenda. Responding to the decision, French Finance Minister Bruno Le Maire said Fitch was underestimating the positive impacts of the government’s plans to reform and …

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Top Lufthansa shareholder Kuehne does not plan to take blocking minority stake-Welt am Sonntag

FRANKFURT (Reuters) – Logistics billionaire Klaus-Michael Kuehne, Lufthansa’s top shareholder, has no plans to raise his stake in the carrier to a 25% blocking minority, which would give him the power to veto major strategic decisions, he hold a German paper. Kuehne in September disclosed that he had increased his stake in Lufthansa to 17.5%, …

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India probes education platform Byju’s over alleged forex law violations

NEW DELHI (Reuters) -India’s financial crime-fighting agency said on Saturday it had raided three premises linked to education platform Byju’s and its billionaire CEO Byju Raveendran over suspected breaches of the country’s foreign exchange laws. The Enforcement Directorate (ED) said in a statement it had seized various documents and digital data during the search, and …

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