Reuters India Business

BENGALURU (Reuters) – Drugmaker Granules India posted a 1.6% fall in fourth-quarter revenue on Wednesday, hurt by a decline in paracetamol sales and price erosion. The company’s consolidated revenue fell year-on-year to 11.76 billion rupees (nearly $141 million) for the three months to March 31. Granules, which focuses on making active pharmaceutical ingredients (API), holds …

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By Rishika Sadam HYDERABAD (Reuters) – New Zealand’s food safety regulator on Wednesday said it is investigating possible contamination in spice products of top Indian brands MDH and Everest after they faced scrutiny in other countries. The United States and Australia have been looking into contamination after Hong Kong last month suspended sales of three …

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BENGALURU (Reuters) – Cipla’s promoter group is looking to sell a 2.53% stake in India’s third-largest drugmaker via a block deal worth 26.37 billion rupees (nearly $316 million), CNBC-TV18 reported on Tuesday, citing sources. The promoter group will sell its stake in Cipla at a per-share price range of 1,289.5 rupees to 1,357.35 rupees, the …

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BENGALURU (Reuters) – Colgate Palmolive (India) reported a 20% rise in fourth-quarter profit on Tuesday, helped by price hikes and higher demand for its personal care products, mainly toothpastes. Net profit rose to 3.80 billion rupees ($45.5 million) for the January-March period, from 3.16 billion rupees a year earlier. Consumer product makers like Colgate Palmolive …

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BENGALURU (Reuters) – India’s Patanjali Foods reported a 22% fall in fourth-quarter profit on Tuesday, as sluggish demand dragged overall sales down in its mainstay edible oils business amid a surge in expenses. The Ruchi Gold oil maker’s profit fell to 2.06 billion rupees (around $25 million) for the quarter ended March 31, from 2.64 …

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