By Sarah Qureshi and Noel John (Reuters) – Gold prices rose on Thursday as traders turned to the safe-haven asset amid ongoing tariff uncertainty ahead of U.S. President Donald Trump’s August 1 deadline to end negotiations. Spot gold was up 0.6% at $3,294.56 per ounce, as of 01:54 p.m. ET (17:54 GMT), after rising more …
Safe-haven gold gains on tariff uncertainty ahead of August 1 deadline Read More »
(Reuters) -India’s PB Fintech reported a 40% rise in first-quarter profit on Thursday, as more consumers turned to digital platforms for insurance products. Analysts said PB Fintech benefited from increasing demand in India’s largely untapped insurance market. Through its Policybazaar platform that helps users select insurance coverage and Paisabazaar, which matches borrowers with lenders, the …
India’s PB Fintech posts rise in quarterly profit on health insurance boom Read More »
By Nandan Mandayam (Reuters) -India’s Eicher Motors reported that a shortage of rare earth magnets disrupted its first-quarter production of performance motorcycles due to China’s export ban on the key component, prompting the company to switch to alternative materials. “We started working on the alternative material…at least about three or four months back. Now (the …
(Reuters) -India’s R R Kabel reported a 39.4% rise in its first-quarter profit on Thursday, driven by strong demand for its wires and cables. The company reported a consolidated net profit of 897.7 million rupees ($10.25 million) for the quarter, compared to 643.8 million rupees a year ago. Sales in its wires and cables segment, …
India’s R R Kabel quarterly profit rises on strong growth in wires and cables Read More »
(Reuters) -Embassy Office Parks, India’s largest real estate investment trust (REIT), on Thursday named insider Amit Shetty as chief executive officer, replacing interim chief Ritwik Bhattacharjee. The company appointed Bhattacharjee as interim CEO late last year, after its then top boss Aravind Maiya stepped down following a directive from the country’s markets regulator. The Securities …
India’s Embassy REIT names insider Amit Shetty as CEO Read More »
(Reuters) -Coal India, which produces about 80% of the country’s coal, reported a quarterly profit decline on Thursday as shipment volumes and prices fell amid weak power demand. The state-run company, which mainly produces non-coking thermal coal for power generation and industrial use, said its consolidated net profit declined 20% year-on-year to 87.43 billion rupees …
Coal India’s quarterly profit falls on weak power demand Read More »
By Ananta Agarwal (Reuters) -Dabur India beat quarterly profit estimates on Thursday and forecast a faster sales growth for the rest of the year, as it expects a recovery from monsoon-induced weakness in its beverage business. The honey-to-fruit juices seller expects a high single-digit sales growth for the full year, it said in a post-earnings …
Dabur India beats profit estimates, forecasts higher full-year sales growth Read More »
BENGALURU (Reuters) -TeamLease Services, one of India’s top staffing firms, posted a 27.6% jump in first-quarter profit on Thursday, boosted by higher demand across its general and specialised staffing divisions. Consolidated net profit rose to 265.4 million rupees ($3.03 million) for the three-month period ended June 30, from 207.9 million rupees a year earlier. Revenue …
India’s TeamLease posts quarterly profit rise on higher staffing demand Read More »
(Reuters) -Indian drugmaker Mankind Pharma reported a lower first-quarter profit on Thursday, as mounting expenses outpaced strong domestic demand, particularly for drugs treating long-term illnesses. The company, which makes ‘Gas-O-Fast’ antacid tablets and ‘Manforce’ condoms, reported an 18% drop in its consolidated net profit to 4.38 billion rupees ($50 million) for the quarter ended June …
India’s Mankind Pharma posts lower quarterly profit as costs surge Read More »
By Meenakshi Maidas and Chandini Monnappa (Reuters) -TVS Motor, India’s top electric two-wheeler maker by sales, beat quarterly profit estimates on Thursday on strong local sales and exports, and said it plans to seek alternative sources for rare-earth magnets in light of China’s export ban. The company, which also makes three-wheelers, had earlier flagged short- …
India’s TVS Motor beats quarterly profit view, seeks rare-earth alternatives Read More »
