By Jayshree P Upadhyay MUMBAI (Reuters) – Indian markets regulator’s latest proposals seek to limit the use of opaque offshore structures to trade in derivatives and contain possible volatility, two sources with direct knowledge of the matter said. The Securities and Exchange Board of India (SEBI) on Tuesday proposed that offshore derivative instruments (ODIs) issued …
By Bhakti Tambe, Jayshree P Upadhyay and Dhwani Pandya MUMBAI (Reuters) – Adani Enterprises Ltd is likely to launch a $1 billion share sale by mid-September, three sources with direct knowledge of the matter told Reuters, in the latest attempt by Indian billionaire Gautam Adani to restore his empire’s fortunes. The share sale will be …
Adani Enterprises to return to equity market with $1 billion share sale, sources say Read More »
BENGALURU (Reuters) – India’s Radico Khaitan reported a higher first-quarter profit on Wednesday on increasing demand for its premium alcohol that includes single malt whisky. The ‘Magic Moments’ vodka maker’s consolidated net profit rose 13% to 773.8 million rupees ($9 million) for the three months ended June 30. For further results highlights, click (Full Story). …
India’s Radico Khaitan posts higher Q1 profit on growing premium alcohol sales Read More »
BENGALURU (Reuters) – India’s Apollo Tyres missed first-quarter profit expectations on Wednesday, hurt by weak domestic demand and higher rubber costs. The tyre maker’s consolidated profit fell about 24% to 3.02 billion rupees in the April-June period, missing analysts’ average estimate of 3.86 billion rupees, per LSEG. Revenue rose 1.5% to 63.35 billion rupees. KEY …
India’s Apollo Tyres misses Q1 profit view on weaker domestic demand, higher costs Read More »
By Anant Chandak and Vivek Mishra BENGALURU (Reuters) – India’s consumer price inflation likely eased in July to below the Reserve Bank of India’s 4.0% medium-term target for the first time in nearly five years, thanks to last year’s high base, according to a Reuters poll of economists. Rising food costs, especially for vegetables, and …
BENGALURU (Reuters) – Venky’s India posted a near fourfold jump in first-quarter profit on Wednesday, underpinned by easing input costs and steady sales in its poultry business. Shares of the Pune-based company climbed 16% after the results were announced. Profit rose to 751.8 million rupees (nearly $9 million) for the quarter ended June 30, from …
Poultry firm Venky’s India Q1 profit jumps about fourfold as costs ease Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares opened higher on Wednesday, in line with Asian peers, as traders reassessed fears of a U.S. recession, and domestic realty stocks jumped after the government relaxed its new property tax rules. The NSE Nifty 50 index rose 0.96% at 24,225.85, as of 9:50 a.m IST, and the S&P …
Indian shares rise tracking Asian peers; realty stocks advance Read More »
(This Aug. 6 story has been corrected to say ninth consecutive meeting, not eighth, in paragraph 6) By Ira Dugal and Swati Bhat MUMBAI (Reuters) – The Indian central bank’s rate setting panel faces another food-driven spike in inflation as it meets a final time ahead of the exit of the committee’s external members in …
Inflation target evades India cenbank’s rate panel as rejig looms Read More »
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has asked some large banks to not add to their existing positions against the rupee in a bid to support the currency which has fallen to all-time lows for three straight days, four bankers told Reuters. Officials from the RBI’s financial …
By Anushree Ashish Mukherjee (Reuters) – Gold prices eased on Tuesday on dollar strength and higher bond yields, although expectations of a U.S. rate cut in September and escalating geopolitical tensions in the Middle East kept bullion stable following last session’s sharp retreat. Spot gold fell 0.6% at $2,393.98 per ounce by 2:43 p.m. ET …
Gold eases as dollar, yields firm; Fed rate cut hopes lend support Read More »
