(Reuters) -India’s second-largest telecom operator Bharti Airtel posted a 43% rise in quarterly profit on Tuesday, driven by new users and the lingering benefits of last year’s price hikes. The company’s consolidated net profit rose to 59.48 billion rupees ($677.73 million) for the quarter ending June 30, from 41.6 billion rupees a year ago, marking …
India’s Bharti Airtel posts quarterly profit jump on tariff gains Read More »
(Reuters) -India’s Gland Pharma reported a nearly 50% jump in first-quarter profit on Tuesday, driven by better margins and a recovery at its European unit Cenexi. The company reported a consolidated net profit of 2.15 billion rupees ($24.50 million) for the quarter ended June 30, from 1.44 billion rupees in the year-ago quarter. Revenue from …
India’s Gland Pharma posts quarterly profit rise on Cenexi recovery, Europe sales growth Read More »
(Reuters) -India’s NCC, which constructs buildings, roads and bridges, reported a decline in first-quarter profit on Tuesday, hurt by softer demand and slower execution of orders. Consolidated net profit after tax, attributable to shareholders of the firm, fell 8.5% to 1.92 billion rupees (about $22 million) in the quarter that ended on June 30. Its …
Indian construction firm NCC’s quarterly profit drops on tepid demand, slower execution Read More »
By Ashwin Manikandan and Dharamraj Dhutia MUMBAI (Reuters) – The Indian rupee extended its decline on Tuesday on the back of escalating trade tensions with the United States, although likely central bank intervention prevented the currency from breaching record low levels. The rupee closed at 87.8000 to the U.S. dollar, down 0.2% from Monday’s close …
RBI intervention shields rupee from record low after Trump tariff threat Read More »
(Reuters) -India’s Jindal SAW, a manufacturer of steel pipes for the energy, transportation and water sectors, reported a decline in first-quarter profit on Tuesday, weighed down by lower domestic demand amid a slowdown in construction activity. Consolidated net profit after tax dropped 3.9% to 4.24 billion rupees ($48.3 million) in the three-month period ended June …
India’s Jindal SAW posts third straight quarterly profit decline on lower demand Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares declined on Tuesday as investors stayed cautious after U.S. President Donald Trump’s renewed threat of harsh tariffs on goods from India over the country’s purchases of Russian oil and ahead of the local central bank policy decision. The Nifty 50 fell 0.3% to 24,649.55 points …
Indian shares drop on Trump’s renewed tariff threats over Russian oil purchases Read More »
(Reuters) -Berger Paints India reported quarterly profit below analyst estimates on Tuesday, as higher expenses and a one-time charge related to a fire incident weighed. Consolidated net profit shrank 11% to 3.15 billion rupees (about $36 million) in the quarter ended June 30. Analysts, on average, had predicted a profit of 3.62 billion rupees, as …
India’s Berger Paints misses quarterly profit view on higher expenses, one-time charge Read More »
By Nikunj Ohri and Jayshree P Upadhyay NEW DELHI (Reuters) -India’s tax authorities are investigating whether Jane Street violated tax laws by booking profits via its Singapore entities on its derivative trades in the Indian market, three sources briefed on the matter said. Searches at the U.S. trading firm’s India offices by the income tax …
(Reuters) -India’s Adani Ports and Special Economic Zone logged a quarterly profit rise on Tuesday, boosted by growing cargo volumes and said its Israeli port of Haifa “operated unhindered” in a quarter which saw the Israel-Iran conflict. India’s biggest private port operator is seen as a proxy for long-term infrastructure prospects in the world’s fastest …
India’s Adani Ports posts quarterly profit rise on cargo volume growth Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s listed companies posted yet another quarter of lackluster earnings in the April-to-June period, extending a bout of weakness which began last year and weighed on benchmark stock indexes. The Indian economy is expected to grow at a world-beating 6.5% in the current fiscal year and inflation …
India’s corporate earnings growth stays weak, banks and IT firms disappoint Read More »
