By Anjana Anil (Reuters) – Gold dropped to a two-week low on Thursday, pressured by signals of softening trade tensions and a holiday in top consumer China, while focus was also on Friday’s U.S. payrolls report to gauge the economic outlook. Spot gold was down 2.3% at $3,211.53 an ounce at 1:44 p.m. ET (1744 …
Gold slips to 2-week low on trade talk hopes, China holiday Read More »
By Ananta Agarwal (Reuters) -Indian online delivery player Eternal reported a nearly 78% drop in fourth-quarter profit on Thursday, as its fast-growing quick commerce arm Blinkit spent aggressively to open more stores and stave off intense competition. Shares of Eternal, which officially changed its name from Zomato in March, had more than doubled in each …
Zomato-parent Eternal’s quick commerce expansion saps fourth-quarter profit Read More »
By Munsif Vengattil and Sai Ishwarbharath B NEW DELHI (Reuters) -Indian software firm Zoho has suspended its year-long pursuit of a $700 million plan to expand into chip manufacturing, its co-founder said on Thursday, confirming a Reuters story and dealing another blow to the Indian government’s semiconductor plans. Zoho struggled to find the right technology …
Zoho suspends $700 million chipmaking plan in latest setback for India Read More »
(Reuters) -Three of India’s top four carmakers reported weak sales to dealers in April, company data showed on Thursday, as buyers delayed purchases amid concerns about slowing economic growth. Market leader Maruti Suzuki posted a marginal 0.6% year-on-year rise, while Hyundai Motor India and Tata Motors clocked declines of 11.6% and 5.1%, respectively. Mahindra & …
Weak April sales hit most top Indian carmakers as demand cools Read More »
NEW DELHI (Reuters) -India collected 2.37 trillion rupees ($28.01 billion) in goods and services tax in April, 12.6% higher than the same period last year, the government said on Thursday. ($1 = 84.6100 Indian rupees) (Reporting by Tanvi Mehta; Editing by YP Rajesh)
(Reuters) -India’s Adani Enterprises, the flagship company of the Adani Group, reported a drop in fourth-quarter profit on Thursday, hurt by weaker performance at its coal trading division. The company’s consolidated profit before exceptional items and tax declined to 13.13 billion rupees ($155.2 million) in the January-to-March quarter, from 13.22 billion rupees a year ago. …
Adani Enterprises fourth-quarter profit drops on coal trading weakness Read More »
(Reuters) -India’s Adani Ports and Special Economic Zone issued a higher year-on-year revenue growth forecast for fiscal 2026 on Thursday, citing strong port volumes, after posting a better-than-expected quarterly profit. The country’s top private port operator said it expects revenue to grow in the range of 15.8%-22.2% for the fiscal year that started on April …
India’s Adani Ports sees higher FY26 revenue growth on robust volumes Read More »
NEW DELHI (Reuters) – India has so far purchased 25.6 million metric tons of new season wheat from domestic farmers, up from 20.5 million tons during the same period last year, India’s food secretary said on Thursday. The government is hopeful that it will be able to meet its wheat procurement target of 31.2 million …
India buys 25.6 million metric tons of wheat from domestic farmers Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator has kept in abeyance pleas by the Adani group and its offshore investors to settle a raft of regulatory charges until internal processes are reviewed, two sources with direct knowledge of the matter said. The Securities and Exchange Board of India (SEBI), where a new chief …
Adani settlement pleas delayed by India regulator’s review of processes Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices settled down on Wednesday and recorded the largest monthly drop in almost 3-1/2 years after Saudi Arabia signaled a move toward producing more and expanding its market share, while the global trade war eroded the outlook for fuel demand. Brent crude futures settled $1.13, or 1.76%, lower …
Oil settles lower, posts steepest monthly decline since 2021 Read More »
