(Reuters) -Nestle India reported a decline in fourth-quarter profit on Thursday due to higher commodity costs. The Indian unit of Swiss food major Nestle reported a 5.2% fall in standalone net profit to 8.85 billion rupees ($103.5 million) for the quarter ended March 31. Shares of the company, which were up 1.5% before the announcement, …
Nestle’s India unit’s quarterly profit falls on higher commodity costs Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee is expected to remain under pressure on Thursday, pegged back by a dollar that is finding support from expectations of thawing U.S.-China trade frictions and a calming of nerves around the Federal Reserve’s independence. The 1-month non-deliverable forward indicated that the rupee will open at 85.52-85.54 to …
Rupee likely to weaken further with dollar’s downtrend on hold Read More »
By Hannah Lang (Reuters) -The U.S. dollar staged a rebound against its major peers on Wednesday on hopes of de-escalating trade tensions and as President Donald Trump backed away from threats to fire the head of the Federal Reserve, offering relief to investors. The Trump administration would look at lowering tariffs on imported Chinese goods …
Dollar rebounds as White House seeks to ease tensions over Fed, China trade Read More »
By Brijesh Patel and Daksh Grover (Reuters) – Gold on Wednesday extended its retreat from an all-time high, falling more than 3%, as appetite for riskier assets improved after President Donald Trump said he has no plans to fire the U.S. Fed’s chief and also signalled progress with China on the tariff front. Spot gold …
Gold falls 3% as Trump comments on Fed and China boost risk sentiment Read More »
(Reuters) -Indian non-bank lender Bajaj Finance said on Wednesday that it will consider the sub-division and bonus issue of shares on April 29. The company will also report quarterly earnings on the same day. Bajaj Finance’s profit in the October-December period jumped 18% year-on-year and it had forecast a profit growth of 22% to 23% …
India’s Bajaj Finance plans share split, bonus issue of shares Read More »
WASHINGTON (Reuters) -The direct hit from tariffs introduced by Donald Trump’s administration on India could shave off between 0.2-0.5 percentage points from GDP growth, the country’s Finance Secretary Ajay Seth said on Wednesday. “Now there is a sign of that…we grow about 6.5% in the current year,” said Seth, speaking at a Hudson Institute event …
(Reuters) -Indian biopharma firm Biocon said on Wednesday it will raise funds worth up to 45 billion rupees ($527.3 million) via issue of securities, which may include debt and selling shares to institutional investors. ($1 = 85.3420 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru; Editing by Krishna Chandra Eluri)
BENGALURU (Reuters) -India’s No.6 software services exporter LTIMindtree on Wednesday marginally missed quarterly earnings estimates due to a revenue decline in its healthcare and consumer segments. The company posted consolidated revenue of 97.72 billion rupees ($1.14 billion) for the quarter ended March 31, up 10% year-on-year, but below the analysts’ average estimate of 98.57 billion …
By Nandan Mandayam (Reuters) -Indian e-scooter maker Ather Energy plans to list at a valuation of up to $1.4 billion, about 44% below its original target, as U.S. tariff policy-triggered global market volatility prompts companies to rethink listing plans. Ather said on Wednesday that it will sell shares at between 304 rupees and 321 rupees …
By Sumit Khanna and Nidhi Verma VADODARA/NEW DELHI (Reuters) – Indian Oil Corp, the country’s top refiner, plans to operate its Gujarat refinery in western India at an expanded capacity of 360,000 barrels per day (bpd) by mid-2026, executive director Biplob Biswas said on Wednesday. India is expanding its crude refining capacity to meet rising …
Indian Oil plans to operate Gujarat refinery at higher capacity from mid-2026 Read More »
