(Reuters) -Indian state-owned miner NMDC on Tuesday reported a fall in fourth-quarter profit, hurt by lower product prices. The iron ore miner’s quarterly profit before exceptional items and tax came in at 23.51 billion rupees ($275.56 million), down 3.5% from a year ago. Its profit including tax rose 2% for the January-March quarter due to …
Indian miner NMDC’s quarterly profit falls on softer prices Read More »
By Manoj Kumar (Reuters) -A successful trade agreement between India and the U.S. could boost exports and unlock new market access, India’s finance ministry said in its monthly economic review on Tuesday. “A successful U.S.-India trade agreement could flip current headwinds into tailwinds, opening up new market access and energising exports,” the report said. Indian …
US trade deal could boost Indian exports, government report says Read More »
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) -India is likely to see above average monsoon rains for the second straight year in 2025, the government said on Tuesday, maintaining its forecast from April and keeping alive the possibility of higher farm output and economic growth. Good rains will help bring down food prices, …
India forecasts above average rains in boost to economy Read More »
(Reuters) -India’s JK Lakshmi Cement reported a lower fourth-quarter profit on Tuesday, as rising costs and softer prices overshadowed volume growth in a seasonally strong period. Standalone net profit after tax fell 3% to 1.38 billion rupees ($16 million) during the January-March quarter. Revenue from operations rose 5.5%, while costs increased 6%. For further earnings …
India’s JK Lakshmi Cement posts quarterly profit drop on weaker prices Read More »
(Reuters) -Indian sugar maker E.I.D.-Parry reported a 46% rise in fourth-quarter profit before tax and exceptional items on Tuesday, boosted by strong performance in its distillery segment following recent capacity expansions. The company’s profit before tax and exceptional items rose to 1.61 billion rupees ($18.9 million) in the three months ended March 31, from 1.1 …
India’s E.I.D.-Parry reports quarterly profit rise, aided by distillery segment Read More »
(Reuters) -Tyremaker Goodyear India reported a profit in the fourth quarter on Tuesday, as higher replacement demand for tyres offset the impact of higher rubber prices. U.S.-based Goodyear Tire’s Indian unit posted a profit of 48.7 million rupees ($570,578) for the three months ended March 31 against a loss of 42.1 million rupees a year …
Tyremaker Goodyear India posts quarterly profit on higher replacement demand Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes fell on Tuesday, dragged by profit booking in heavyweight financials and information technology stocks, and as the broader Asian market slipped on uncertainty over U.S. trade policies. The Nifty 50 ended 0.70% lower at 24,826.20, while the BSE Sensex fell 0.76% to 81,551.63. The …
Financials, IT stocks weigh on Indian equity benchmarks Read More »
(Reuters) -Indian kitchenware maker TTK Prestige reported a 39% fall in fourth-quarter profit on Tuesday, as rural volumes remained under pressure due to reduced lending by microfinance institutions. The company reported a profit before tax and exceptional items of 453.8 million rupees ($5.32 million) in the quarter ended March 31, down from 745.2 million rupees …
India’s TTK Prestige posts quarterly profit fall on weak rural sales Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee and its regional peers weakened on Tuesday as the greenback rose against major peers and Asian equities declined, with rupee traders also pointing to month-end dollar payments from importers that weighed on the local unit. The rupee closed at 85.33 against the U.S. dollar, down 0.3% …
Rupee weakens alongside Asian peers as dollar finds footing Read More »
By Neha Arora NEW DELHI (Reuters) -India’s steel ministry favours extending import curbs on low-ash metallurgical coke because there are sufficient domestic supplies, a source familiar with the matter said, dealing a blow to steelmakers who oppose restrictions on overseas purchases. India, the world’s second-largest crude steel producer, imposed quantitative restrictions in December on imports …
India’s steel ministry backs extending import curbs on met coke, source says Read More »
