New Delhi (Reuters) -India’s Atomic Energy Regulatory Board (AERB) said it held a bilateral technical meeting with the U.S. Nuclear Regulatory Commission to strengthen cooperation on nuclear safety and regulation as India looks to expand its nuclear power capacity. An Indian delegation participated in the meeting held from August 6 to 8 at the NRC …
India, US nuclear regulators meet to boost cooperation Read More »
(Reuters) -India’s state-run refiner Bharat Petroleum Corp (BPCL) reported a better-than-expected quarterly profit, helped by a dip in costs and improved fuel demand. Standalone net profit doubled to 61.24 billion rupees ($700.4 million) for the quarter ended June 30. Analysts, on average, were expecting a profit of 57.18 billion rupees, as per data compiled by …
India’s BPCL beats quarterly profit view on lower costs, improved demand Read More »
BENGALURU (Reuters) -Indian gold loan financier Muthoot Finance reported a bigger-than-expected 90% surge in first-quarter profit on Wednesday, aided by higher loan demand as prices of the precious metal soared. Muthoot Finance reported a profit of 20.46 billion rupees ($233.91 million) for the April-June quarter, above analysts’ estimate of 16.24 billion rupees, per data compiled …
India’s Muthoot Finance beats quarterly profit view on strong loan growth Read More »
By Ananta Agarwal and Praveen Paramasivam (Reuters) -Domino’s India operator Jubilant Foodworks beat first-quarter profit estimates by a wide margin on Wednesday as lower-priced menu items and free deliveries bolstered demand even as other fast-food franchisees struggled. The company reported profit of 917.6 million rupees ($10.49 million) for the quarter ended June 30, compared to …
Domino’s India operator beats quarterly profit view on strong delivery demand Read More »
By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee gained the most in more than a month on Wednesday as softer U.S. inflation data bolstered hopes of a Federal Reserve rate cut in September, weighing on the dollar. The local currency unit gained 0.31% – its highest intraday gain since July 3 – and closed …
Indian rupee rises the most in a month on broad dollar weakness Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares rose on Wednesday, tracking a global rally, as mild U.S. inflation data boosted rate cut hopes and lifted appetite for riskier assets, while easing domestic inflation and gains in Apollo Hospitals and Hindalco added support. The Nifty 50 rose 0.54% to 24,619.35, while the BSE …
Indian shares track global rally on US rate cut hopes Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) -India aims to allow private firms to mine, import and process uranium as part of plans to end a decades-old state monopoly over the nuclear sector and bring in billions of dollars to boost the industry, two government sources said. Prime Minister Narendra Modi’s government plans to expand …
(Reuters) -Samvardhana Motherson, India’s biggest auto parts maker by sales, posted first-quarter profit that fell by a third, hurt by weak global demand for cars. The company’s pre-tax profit declined to 8.84 billion rupees ($101.02 million) in the April-June period from 13.37 billion rupees a year ago. Net profit fell nearly 50% to 5.12 billion …
India’s Samvardhana Motherson posts lower quarterly profit on weak global car demand Read More »
(Reuters) -Devyani International, which operates Pizza Hut and KFC restaurants in India, reported a nearly 88% slump in first-quarter profit on Wednesday, as it ramped up advertising to whip up demand that has remained sluggish for months. The Yum Brands franchisee reported a net profit of 36.9 million rupees ($420,920.55) for the quarter ended June …
KFC India operator Devyani reports lower profit as ad spending rises Read More »
(Corrects to remove reference to inflation falling below the RBI’s tolerance band in the first paragraph and clarifies milestone in paragraph 3) By Nikunj Ohri NEW DELHI (Reuters) -India’s retail inflation rate dropped to its lowest level in eight years, as falling food prices, especially vegetables and pulses, squeezed the incomes of some farmers. Annual …
India’s retail inflation slows to 8-year low of 1.55% in July Read More »
