(Reuters) -India’s Tata Technologies reported a smaller-than-expected revenue decline for the first quarter on Monday, as strong deal wins and execution of contracts helped it in a challenging macroeconomic environment. The firm, which provides engineering and technology services to automobile, aero and heavy machinery makers, is optimistic about a sequential recovery in the second quarter …
By Neha Arora and Katya Golubkova NEW DELHI/TOKYO (Reuters) -India’s quality control order on copper cathodes is likely to reduce domestic availability due to “costly and unnecessary compliance burdens” on foreign suppliers, the Bombay Metal Exchange said. India, the world’s second-largest importer of refined copper, imposed quality controls on copper cathode imports in December, requiring …
India’s new copper cathode rule risks supply shortages, trade body says Read More »
(Reuters) -Indian renewable energy firm SAEL Industries Ltd will invest 82 billion rupees ($954.04 million) to build a 5-gigawatt (GW)-per-year integrated solar cell and module manufacturing facility in the northern state of Uttar Pradesh, the company said on Monday. Through one of the largest investments seen so far in the solar manufacturing space in India, …
Indian clean energy firm SAEL to invest $954 million in solar manufacturing plant Read More »
By Vivek Kumar M (Reuters) -India’s equity benchmarks edged down on Monday as worries of weak quarterly results by information technology companies overshadowed gains in other sectors. The Nifty 50 fell 0.27% to 25,082.3 points, while the BSE Sensex lost 0.3% to 82,253.46. The IT index slid 1.1% and was the biggest sectoral loser, extending …
India’s equity benchmarks inch lower as IT stocks offset gains in other sectors Read More »
By Rajendra Jadhav MUMBAI (Reuters) -Indian investors, traditionally obsessed with stockpiling gold, are increasingly turning to silver, which was trading near a 14-year high on Monday, as its returns this year outpaced those of gold. Imports fill most of the demand in the world’s largest consumer of silver, where domestic prices touched a record high …
Indian investors flock to silver as returns overtake those from gold Read More »
By Nimesh Vora and Dharamraj Dhutia MUMBAI (Reuters) -India Infra Buildco, a special purpose vehicle of Hella Infra Market is planning to raise around $300 million to $350 million through the sale of dollar-denominated bonds, two merchant bankers said on Monday. The company conducted a deal roadshow last week and has mandated bankers for the …
Hella Infra Market unit plans dollar bond sale of up to $350 million, bankers say Read More »
(Reuters) -Indian lender Karnataka Bank on Monday said Chief Operating Officer Raghavendra Srinivas Bhat will act as interim managing director and chief executive officer for a period of three months. Former Managing Director and Chief Executive Officer, Srikrishnan Hari Hara Sarma resigned on June 29, citing personal reasons and triggering a slump in the lender’s …
India’s Karnataka Bank names Raghavendra Srinivas Bhat as interim MD, CEO Read More »
(Reuters) -India’s Ola Electric on Monday forecast improved gross margins for fiscal 2026 after posting a narrower sequential loss for the first quarter, helped by stronger sales of its newer, more cost-efficient scooter models. Shares of the company, which listed in August last year, jumped over 14% after the results and were on track to …
India’s Ola Electric forecasts margins improvement; shares rise Read More »
By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) -Indian liquor makers Inbrew Beverages and Tilaknagar Industries are seeking to tap the private credit market as they compete with each other to acquire Pernod Ricard’s Imperial Blue, according to three sources familiar with the matter. The companies are looking to raise around $500 million each and …
(Reuters) -Shares of Indian airport restaurant and lounge operator Travel Food Services fell in their trading debut on Monday, securing a valuation of $1.67 billion, as uncertainties over trade negotiations with the U.S. weighed on sentiment. The shares were trading 1% lower as of 10:23 a.m. IST. They opened at 1,125 rupees on the National …
India’s Travel Food Services opens lower on debut, valued at $1.67 billion Read More »
