By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened to a record low on Wednesday as a sharp decline in the afternoon triggered stop losses amid a prevailing bearish bias on the currency and as traders positioned for a potential rate cut later this week. The rupee weakened to 87.4875 against the U.S. dollar …
Rupee drops to record low on RBI rate cut bets, stop losses Read More »
By Manoj Kumar and Nikunj Ohri NEW DELHI (Reuters) – India is set to review import tariffs on over 30 items including luxury cars and solar cells, potentially leading to higher imports from the United States, a senior finance ministry official said. In a bid to counter President Donald Trump’s growing tariff actions, the government …
By Bharath Rajeswaran (Reuters) -India’s equity benchmarks settled marginally lower on Wednesday, weighed by a drop in consumer stocks, while gains in energy stocks capped the declines. The Nifty 50 shed 0.18% to 23,696.30, while the BSE Sensex traded 0.4% lower at 78,271.28. “The sentiment in Indian markets is currently neutral as investors grapple with …
Indian shares inch lower as consumer stocks weigh on energy gains Read More »
(Reuters) – Page Industries, which licenses Jockey and Speedo products in India, reported a bigger-than-expected rise in its third-quarter profit on Wednesday, driven by strong athleisure demand. The apparel maker reported a profit of 2.05 billion rupees ($23.4 million) for the quarter ended Dec. 31, 2024, compared with 1.52 billion rupees a year ago. Analysts’ …
Jockey India licensee Page Industries beats Q3 profit view on strong athleisure demand Read More »
By Praveen Paramasivam (Reuters) -Consumer goods firm Adani Wilmar expects its sales volumes to grow around 10% next fiscal year, CEO Angshu Mallick said on Wednesday, counting on demand from 10-minute grocery delivery apps and a tax cut-led revival in urban spending. Top executives in sectors including consumer goods and automobiles expect India’s plans to …
India’s Adani Wilmar bets on urban revival, quick grocery delivery to boost growth Read More »
(Reuters) – India’s Arvind Fashions, which retails clothing from premium brands such as Calvin Klein and Tommy Hilfiger, reported a 71% jump in third-quarter profit on Wednesday, on robust demand for high-end clothing in the festive period. The company said its profit after tax from continuing operations rose to 280 million rupees ($3.20 million) in …
India’s Arvind Fashions posts 71% surge in profit on demand for premium apparel Read More »
(This Feb. 4 story has been corrected to say that the company closed one of its units in Dahej, not the entire manufacturing site) (Reuters) – Chemicals maker BASF India reported a 26.1% fall in third-quarter profit on Tuesday, hurt by higher input costs despite healthy demand. The profit fell to 1.04 billion rupees ($11.95 …
Chemicals maker BASF India Q3 profit falls on higher input costs Read More »
(Reuters) – Drugmaker Abbott India reported a jump in third-quarter profit on Wednesday, helped by strong demand for its gastrointestinal and heart disease medications, sending shares higher. The company reported a profit of 3.61 billion rupees ($41.4 million) for the quarter ended Dec. 31, up 16% from a year ago. Revenue from operations climbed 12% …
Abbott India posts higher Q3 profit on strong demand Read More »
(Reuters) – India’s Zydus Lifesciences reported third-quarter profit above analysts’ expectations on Wednesday, driven by strong demand for its generic drugs in its key U.S. market. The drugmaker’s consolidated net profit jumped 30% to 10.24 billion rupees ($117.4 million) in the quarter ended Dec. 31, beating analysts’ average estimate of 8.85 billion rupees, as per …
India’s Zydus Life beats profit view on strong US demand Read More »
By Sethuraman N R (Reuters) – Indian jeweller Titan will likely have to pay higher interest rates to lease gold from bullion banks, which have increased shipments to the U.S. in search of bigger profits, tightening supply in other regions, the company said on Wednesday. Jewellers such as Titan, which owns the Tanishq and CaratLane …
India’s Titan expects to pay more to source gold from bullion banks as supply shrinks Read More »
