(Reuters) -Whirlpool Corp said it would more than halve its stake in its Indian unit to about 20%, sending Whirlpool of India’s shares plunging an exchange-allowed maximum of 20% to a near ten-month low on Thursday. The U.S.-listed home appliance maker, which currently has a 51% stake in the India unit, said it estimates net …
Whirlpool of India’s shares plunge as parent plans to halve stake Read More »
(Reuters) -Indian carmaker Tata Motors’ shares plummeted about 9% to a 14-month low on Thursday, after its third-quarter results set off growth and margin concerns for its luxury Jaguar Land Rover (JLR) segment. The stock was the top loser on the benchmark Nifty 50 index and the Nifty auto index. Nifty 50 was trading up …
India’s Tata Motors hits 14-month low as Q3 results spark demand concerns for JLR Read More »
(Reuters) – Shares of India’s Bajaj Finance rose as much as 6% to an all-time high on Thursday, a day after the non-bank lender reported a quarterly profit surge because of solid loan growth, which analysts said augurs well for its earnings next year. Bajaj Finance and its holding company Bajaj Finserv, trading higher by …
India’s Bajaj Finance jumps to record as strong Q3 earnings light up growth path Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is likely to stay on the defensive on Thursday, after the U.S. Federal Reserve expectedly kept interest rates unchanged and Chair Jerome Powell said there would be no rush to cut them again. The 1-month non-deliverable forward indicated that the rupee will open around 86.57-86.58 to …
Pressure on rupee to linger after Fed signals no hurry to cut rates Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Microsoft-backed OpenAI’s chief Sam Altman is planning to visit India next week, three sources with direct knowledge of the matter said, in what could be his first visit in two years at a time when the company faces legal challenges in the country. The sources …
OpenAI chief Sam Altman plans India visit, sources say Read More »
By Anmol Choubey and Sherin Elizabeth Varghese (Reuters) – Gold prices slipped on Wednesday as the dollar and bond yields rose after the U.S. Federal Reserve held interest rates steady, as widely expected, providing little clarity on the timing of future rate cuts. Spot gold fell 0.4% to $2,753.86 per ounce by 02:56 p.m. ET …
Gold dips as dollar, yields climb after Fed stands pat on rates Read More »
By Nishit Navin and Siddhi Nayak (Reuters) -India’s Bajaj Finance posted a rise in third-quarter profit on Wednesday, helped by strong loan growth during the holiday season, and said it expected a profit growth of 22%-23% in the fiscal year ending March 2026. The company expects 25% balance sheet growth next fiscal year, assuming stable …
India’s Bajaj Finance expects 22%-23% profit growth in next fiscal Read More »
(Reuters) – Indian courier delivery firm Blue Dart Express reported a fall in third-quarter profit on Wednesday due to higher freight costs. The company’s consolidated net profit fell 8.9% year-on-year to 810.1 million rupees ($9.4 million) for the quarter ended Dec. 31. Total expenses rose 9% due to an 11% jump in freight costs, which …
India’s Blue Dart reports smaller Q3 profit on rising freight costs Read More »
By Lucila Sigal BUENOS AIRES (Reuters) – India is looking to expand its investments in Argentina’s mining, gas and oil sectors, with a focus on lithium, to secure resources needed for its energy transition, the country’s mining secretary told Reuters. Secretary V.L. Kantha Rao visited Buenos Aires for the first in-person meeting with Argentine counterparts …
India seeking energy, lithium investments in Argentina Read More »
By Hritam Mukherjee and Manvi Pant (Reuters) -India’s Jindal Stainless on Wednesday cut its volumes growth outlook for the ongoing fiscal year for the second time and said it will review its capital spending plans, as it grapples with the flood of cheap Chinese steel in domestic markets. The steelmaker now anticipates a 10% growth …
India’s Jindal Stainless cuts volumes outlook again, blames cheap Chinese steel Read More »
