Reuters India Business

(Reuters) -India’s Eicher Motors,, maker of Royal Enfield motorcycles, beat fourth-quarter profit estimates on Wednesday, helped by strong demand for its higher-capacity motorcycles along with elevated exports. The company’s net profit came in at 13.62 billion rupees ($159.75 million) in the three months ended March 31, compared to 12 analysts’ average estimate of 12.68 billion …

India’s Eicher Motors beats profit expectations on strong motorcycle demand Read More »

(Reuters) -Westlife Foodworld, the operator of McDonald’s in parts of India, on Wednesday doubled its fourth-quarter profit, helped by cheaper menu items and new restaurant openings. The restaurant operator’s consolidated profit after tax rose to 15.2 million rupees ($178,163.28) for the quarter ended March 31, from 7.6 million rupees a year ago. Indian operators of …

McDonald’s India operator doubles quarterly profit as budget menu draws more diners Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes ended higher on Wednesday, helped by a rise in information technology stocks on easing U.S. recession fears and in metals companies as the U.S. dollar weakened. The Nifty 50 rose 0.36% to 24,666.90 and the BSE Sensex gained 0.22% to 81,330.56. They had risen …

India’s benchmarks inch higher as tech, metal stocks gain Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended modestly stronger on Wednesday as strong dollar demand from state-run and foreign banks eroded positive cues due to broader weakness in the greenback, which helped lift most Asian currencies. The rupee swung between gains and losses through Wednesday’s session before ending a tad higher at …

Rupee ends tad higher, caught between weaker greenback and interbank dollar bids Read More »