MUMBAI (Reuters) -The Reserve Bank of India is seeking to expand the availability of credit enhancement facilities for corporate bonds, in a bid to improve their ability to raise funds from the market. Partial credit enhancement (PCE) — an instrument through which the effective rating of a bond is raised — can now be offered …
By Nandan Mandayam (Reuters) -Bajaj Auto will not meet its electric vehicles delivery target in the second-quarter as the Indian automaker grapples with a shortage of rare earth magnets, a senior executive said on Wednesday. “At this point in time, it looks like we might be able to deliver about 50%-60% of our (electric) two-wheeler …
India’s Bajaj Auto flags lower-than-planned EV output on rare earths crunch Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -The Reserve Bank of India’s inflation and growth outlook suggest the current policy rate may mark the end of the easing cycle, six analysts said on Wednesday, after the central bank held rates steady and kept its growth forecast unchanged. The RBI has trimmed its key policy rate by 100 …
RBI’s inflation, growth outlook may mean end of easing cycle, some analysts say Read More »
By Hritam Mukherjee (Reuters) -India’s PVR Inox reported a sharply narrower quarterly loss on Wednesday as a strong box office slate, including Hollywood hit ‘F1: The Movie’, drew more audiences to theatres and boosted ticket and food sales. India’s largest multiplex operator, formed through the merger of PVR and Inox, reported a consolidated loss of …
India’s PVR Inox loss more than halves as ‘F1’, other hits draw moviegoers Read More »
(Reuters) -Indian two-wheeler maker Bajaj Auto can deliver 50% to 60% of its planned electric scooter deliveries in the second quarter, its CFO said on Wednesday, as the two-wheeler maker grapples with the shortage of rare earth magnets. (Reporting by Kashish Tandon in Bengaluru)
By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee edged higher on Wednesday, helped by the central bank keeping its key rate steady, though impending higher tariffs on shipments to the United States are likely to keep the currency under pressure. The rupee closed at 87.7325 against the U.S. dollar, up 0.1% from 87.8000 on …
India rupee rises on RBI rate pause, but US tariff pressure persists Read More »
(Reuters) -India’s Blue Star reported a first-quarter profit that came in below expectations on Wednesday, as early arrival of the monsoon rains in parts of India reduced demand for air conditioners. The cooling appliances maker reported a net profit of 1.21 billion Indian rupees ($13.80 million), down 28% from a year ago and below analysts’ …
India’s Blue Star quarterly profit misses view as mild summer hits demand Read More »
(Reuters) -India’s Pidilite Industries reported an 18.6% jump in first-quarter profit on Wednesday on healthy demand for its adhesives and sealants. The company’s consolidated net profit rose to 6.72 billion rupees ($76.7 million) for the three months ended June 30 from 5.67 billion rupees in the year-ago quarter. Analysts noted that demand has been recovering …
India’s Pidilite posts higher quarterly profit on strong demand; announces bonus issue Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares fell on Wednesday, dragged by rate-sensitive stocks after the central bank held key rates and maintained a ‘neutral’ stance, disappointing expectations of a dovish tilt, while concerns over U.S. tariffs weighed on IT and pharma. The Nifty 50 fell 0.31% to 24,574.20, while the BSE …
Indian shares fall after RBI rate pause, US tariff threat Read More »
(Reuters) -Agricultural chemicals maker Bayer CropScience posted a 9.6% rise in first-quarter profit on Wednesday, backed by strong demand for its herbicide ‘Roundup’ and corn seeds. The Indian unit of German drugs and pesticides maker Bayer AG posted a profit of 2.79 million rupees ($31,834.8) for the three months ended June 30, compared with 2.54 …
