By Seher Dareen (Reuters) – Gold prices steadied on Monday near a three-week peak hit in the previous session, buoyed by a weaker dollar, while investors looked forward to U.S. inflation data later this week that could influence the size of Federal Reserve rate-hike. Spot gold was little changed at $1,676.24 per ounce by 1:50 …
Gold near 3-week peak on dollar slide, U.S. inflation data in focus Read More »
(Reuters) -India’s fuel consumption, a proxy for oil demand, rose to its highest in four months in the festival month of October, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. Consumption in October was 6.7% higher than the previous month, while also up 3.4% year-on-year at 18.37 …
India’s October fuel demand rises on festive season boost Read More »
BENGALURU (Reuters) – Indian digital payments firm Paytm reported a 76% jump in second-quarter revenue, helped in part by a surge in loan growth, while the company reiterated that it would turn profitable by September 2023. Paytm’s parent, One 97 Communications Ltd, said revenue rose to 19.14 billion Indian rupees ($233.81 million) in the July-September …
India’s Paytm posts rise in quarterly revenue as loan growth jumps Read More »
MUMBAI (Reuters) – Indian online education firm Unacademy will cut 10% of its workforce due to “harsh economic conditions”, the company told employees in a letter on Monday, its second round of layoffs this year. Softbank-backed Unacademy has tried to curb spending on marketing and control operational costs but it was not enough, founder and …
Indian online education firm Unacademy to cut another 350 jobs Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s Oil and Natural Gas Corp has applied to the new Russian operator of the Sakhalin-1 to retain its stake in the oil and gas project in the Far East, a person familiar with the development said. Russia has established a new entity, managed by a Rosneft subsidiary, …
India’s ONGC applies to retain 20% in Russia’s Sakhalin-1- source Read More »
By Nimesh Vora MUMBAI (Reuters) – The big jump in India’s foreign exchange reserves in the last week of October was likely fuelled by the softer dollar and changes in the central bank’s forward book, economists said on Monday. India’s forex reserves rose by $6.5 billion to $531.1 billion in the week through Oct. 28, …
India’s fx reserves jump likely fuelled by revaluation, forward book changes Read More »
BENGALURU (Reuters) – India’s HT Media Ltd reported a second-quarter loss on Monday, dragged by higher costs of newsprint. Consolidated net loss for the three months ended Sept. 30 came at 1.56 billion rupees ($18.97 million), compared with a profit of 232.3 million rupees a year earlier, the New Delhi-based media company said in an …
India’s HT Media reports second-quarter loss as newsprint costs surge Read More »
(This Nov. 2 story has been corrected to fix the company descriptor from Apple reseller to Apple distributor in headline and paragraph 3) BENGALURU (Reuters) – India’s biggest Apple and IT products distributor Redington Ltd on Thursday reported a 26% jump in September quarter profit on the back of buoyant domestic demand for phones, laptops …
Apple distributor Redington Q2 profit up as India sales of phones, laptops rise (Nov.2) Read More »
BENGALURU (Reuters) – Shares of India’s Britannia Industries Ltd rose as much as 10% on Monday, after the Good Day and Tiger biscuits maker reported late Friday a 28.4% jump in second-quarter consolidated net profit. The company’s profit was 4.93 billion rupees ($59.97 million) for the three months ended on Sept. 30, beating analysts’ expectations …
India’s Britannia Industries shares jump after profit beat Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares were mixed on Monday, giving up some early gains to track a decline in U.S. futures, with little domestic cues left as the corporate earnings season draws to a close. The NSE Nifty 50 index rose 0.07% to 18,129.90 as of 0518 GMT, while the S&P BSE Sensex …
