NEW DELHI (Reuters) – India’s Jindal Stainless is targeting increasing sales in Canada if the North American country imposes duties on Chinese products, Managing Director Abhyuday Jindal said on Thursday. “If this duty comes on China then we will be able to push even more volumes into Canada,” Jindal said at a post-results news conference. (Reporting by Neha …
India’s Jindal Stainless eyes higher sales in Canada Read More »
(Reuters) – Wipro, India’s fourth-largest software company, posted higher-than-expected second-quarter revenue on Thursday, helped by a revival in spending by its clients in the U.S. communications sector. The company’s consolidated revenue fell 1% to 223.02 billion rupees ($2.65 billion) in the July-September quarter, but was above analysts average estimate of 222.58 billion rupees, as per …
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended at its weakest closing level on record on Thursday, weighed down by strong dollar demand from foreign banks, likely due to outflows from equities, and the weakness in regional peers as the U.S. dollar rose to an eleven-week high. The rupee closed at 84.0675 against …
Rupee ends at record closing low, pressured by outflows, weak Asia FX Read More »
(Reuters) – Home appliances maker Havells India reported a smaller-than-expected rise in second-quarter profit on Thursday, due to lower demand for its air conditioners and fans on account of the monsoon season and higher expenses. Profit rose nearly 10% from a year earlier to 2.73 billion rupees ($32.5 million) for the three months ended Sept. …
Havells India misses Q2 profit view on lower demand, surging expenses Read More »
(Reuters) – The economic policies being proposed by Republican presidential candidate Donald Trump would fuel inflation and harm businesses, U.S. Treasury Secretary Janet Yellen plans to warn in a speech, according to a report in the New York Times on Thursday. Yellen’s critique is set to be delivered in remarks to the Council on Foreign …
Yellen to warn sweeping tariffs would ignite inflation, NYT reports Read More »
BENGALURU (Reuters) -Nestle India reported a nearly 9% decline in quarterly profit on Thursday, hurt by higher ingredient prices and weaker demand for its packaged food. The Indian arm of Swiss food major Nestle reported profit before exceptional items and tax of 10.21 billion rupees ($121.51 million) for the second quarter ended Sept. 30. Consumer …
Nestle India’s Q2 profit slides on weak demand, higher costs Read More »
(Reuters) – India’s Jindal Stainless reported a drop in second-quarter profit on Thursday, as falling steel prices offset a drop in input costs. The company’s consolidated profit after tax fell 20% to 6.09 billion rupees ($72.4 million) for the three months ended Sept. 30. The stainless steel maker’s net revenue came in at 97.77 billion …
India’s Jindal Stainless posts Q2 profit decline on lower steel prices Read More »
(Reuters) – India will sell onions from government reserves to bring down prices of the vegetable, consumer affairs secretary said on Thursday. India’s retail inflation in September accelerated to its highest in nine months, due to higher food prices, according to government data released on Monday. (Reporting by Mayank Bhardwaj, Writing by Ainnie Arif; editing …
India to sell onions from reserves to check prices Read More »
(Reuters) – Bajaj Auto’s shares tumbled 12% on Thursday after the Indian motorcycle maker said it anticipated weak festive season sales, a warning that slammed other automakers and also pulled down the broader market. India’s third-biggest motorcycle maker by sales said festive sales of motorcycles had grown only about 1%-2% so far this month, falling …
India’s Bajaj Auto slumps 12% on festive sales caution, drags broader market Read More »
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – Millions of Indian retail traders are exploring alternative ways to earn profits ahead of stricter regulations on trading equity derivatives next month, but their transition is unlikely to be smooth, investors and brokers say. Derivatives trading in India has boomed in the past few years, with …
India equity option traders hunt for new playgrounds as tighter rules loom Read More »
