By Jayshree P Upadhyay (Reuters) -India’s income tax authorities are reviewing documents across the local offices of U.S. trading firm Jane Street and its trading partner Nuvama Wealth, two sources aware of the matter said on Thursday The sources requested anonymity as they are not authorised to speak to media. India’s markets regulator on July …
(Reuters) -Indian engineering firm Thermax reported a better-than-expected profit for the June quarter on Thursday, boosted by robust order growth and lower raw material and component costs. Consolidated net profit rose 32% year-on-year to 1.52 billion rupees ($17.4 million) for the quarter ended June 30, beating analysts’ expectation of 1.34 billion rupees, according to data …
India’s Thermax beats profit estimates on strong orders, lower costs Read More »
(Reuters) -Swiggy’s quarterly loss nearly doubled from a year earlier as the Indian online delivery platform spent more on marketing to attract customers in a highly-competitive market, its results showed on Thursday. Swiggy, a decade-old player and one of the market leaders in the food delivery business alongside Eternal’s Zomato, continues investing in the business …
India’s Swiggy reports wider quarterly loss on marketing cost spike Read More »
By Aditi Shah NEW DELHI (Reuters) -Tata Motors plans to raise about 1 billion euros ($1.14 billion) of equity to repay the loan funding its $4.5 billion offer to buy Iveco’s trucks and bus business, the Indian automaker’s chief financial officer said on Thursday. Tata and Iveco announced an all-cash deal on Wednesday. It will …
India’s Tata Motors to raise 1 billion euros in equity for Iveco deal Read More »
(Reuters) -Indian Burger King operator Restaurant Brands Asia reported a narrower first-quarter loss on Thursday, as its discounted menu items continued to draw in budget-conscious diners. The company reported a net loss of 419.4 million rupees ($4.79 million) for the three months ended June 30, compared to a 493.6 million rupee loss a year earlier. …
Burger King India operator narrows quarterly loss as discounts draw budget customers Read More »
By Nikunj Ohri NEW DELHI (Reuters) -U.S. President Donald Trump on Wednesday slapped 25% tariffs on Indian goods starting Aug. 1, with an additional penalty on Russian oil purchases, and he criticized New Delhi for its “strenuous and obnoxious” non-monetary trade barriers. Trump said later negotiations were continuing. Following are some of those non-tariff trade …
Factbox-Key US complaints about India’s ‘obnoxious’ non-monetary trade barriers Read More »
(Reuters) -India’s top carmaker Maruti Suzuki posted an unexpected rise in quarterly profit on Thursday, boosted by strong exports and a jump in non-operating income. Maruti is among a handful of Indian automakers leveraging their export heft to soften the blow of weak domestic demand in a quarter when car sales dropped to a two-year …
Exports help India’s top carmaker Maruti Suzuki post surprise profit rise Read More »
By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee suffered its worst monthly drop in nearly three years on Thursday, weighed down by U.S. tariff concerns and persistent portfolio outflows, with traders and analysts seeing little relief for the currency in the near term. The rupee fell to an over five month low of 87.74 …
Rupee suffers worst monthly drop since 2022 on tariff blow, portfolio outflows Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian benchmark stock indexes trimmed losses on Thursday, recovering from a sharp drop in early trade, as investors viewed the U.S. tariff threat as a pressure tactic and hoped for lower rates once negotiations conclude. The Nifty 50 fell 0.35% to 24,768.35 points and the BSE Sensex …
Indian shares trim losses as investors see US tariff threat as bargaining chip Read More »
(Reuters) -Indian metals-to-oil conglomerate Vedanta missed quarterly profit estimates on Thursday, as lower aluminium and copper prices and higher tax expenses overshadowed the impact of strong local demand. Vedanta’s aluminium business is the biggest in India and contributes to nearly 40% of the company’s revenue. Zinc is the second-biggest business, followed by copper. The benchmark …
Indian miner Vedanta misses quarterly profit estimates on weak aluminium prices Read More »
