(Reuters) -Indian carmaker Tata Motors reported third-quarter profit below market expectations on Wednesday, weighed down by weakness in its luxury Jaguar Land Rover (JLR) business and as car sales slowed down at home. Car sales in India have lost momentum this fiscal year, growing just 1.8% in the last nine months, far slower than the …
Tata Motors misses profit estimates as India car sales slow, JLR drags Read More »
NEW DELHI (Reuters) – More Indians are becoming less hopeful about their quality of life as stagnant wages and higher living costs cloud future prospects, a survey showed, in disappointing news for Prime Minister Narendra Modi ahead of this week’s annual budget. More than 37% of respondents in a pre-budget survey said they expect the …
More Indians losing hope of improved quality of life under Modi, survey shows Read More »
By Neha Arora NEW DELHI (Reuters) – India has been emerging as a bright spot for the cut and polished diamonds amidst a slowdown in key markets such as the U.S. and China, Amit Pratihari, managing director, De Beers India told Reuters on Wednesday. India is the world’s largest centre for cutting and polishing diamonds, …
De Beers sees India as a bright spot, notes early recovery signs in US Read More »
(Reuters) – Restaurant Brands Asia, the India franchisee of Burger King, reported a wider third-quarter loss on Wednesday, weighed by high costs and inflation-hit customers cutting back on dining out. The company reported a net loss of 504 million rupees ($5.82 million) for the three months ended Dec. 31, from a loss of 361.8 million …
Burger King’s India operator reports wider Q3 loss as consumers cut back Read More »
(Reuters) – India’s JK Paper reported a fall in profit for a sixth straight quarter on Wednesday, hurt by higher raw material costs and weak pricing power. The paper and packaging board maker’s consolidated net profit tumbled 73% year-on-year to 653.9 million rupees ($7.6 million) for the quarter ended Dec. 31. Indian paper makers have …
India’s JK Paper posts Q3 profit slump on soaring costs, weak pricing Read More »
(Reuters) – India’s Deepak Fertilisers and Petrochemicals posted a more-than-four-fold rise in its quarterly profit on Wednesday, aided by strong demand for its crop nutrition products and higher margins. The company’s consolidated net profit increased to 2.51 billion rupees ($29 million) in the third quarter, from 575.6 million rupees a year earlier. Deepak Fertiliser’s earnings …
India’s Deepak Fertilisers posts bigger Q3 profit on strong fertiliser demand Read More »
(Reuters) – India’s Voltas posted a profit in the third quarter on Wednesday, compared to a loss a year earlier, helped by higher demand for household appliances during the festive period. The company, which makes air conditioners and coolers, reported a consolidated net profit of 1.32 billion rupees ($15.3 million) for the quarter ended Dec. …
India’s Voltas posts profit in Q3 on strong festive demand Read More »
By Praveen Paramasivam (Reuters) – Tito’s Resorts and Hospitalities, which runs an iconic club in the Indian tourist state of Goa, is looking to sell a stake of at least 10% at a $115.6 million valuation before exploring a public offering, co-owner Ricardo D’Souza said on Wednesday. Earlier in the day, local media reported that …
Iconic Indian nightclub Tito’s mulls at least 10% equity sale before IPO Read More »
(Reuters) -Westlife Foodworld, the operator of McDonald’s in India, reported a 59% drop in third-quarter profit on Wednesday, as expenses jumped amid rising store count and promotional spending. Competition in the quick service restaurant business is heating up as both regional and international players vie for market share. Firms such as Burger King-operator Restaurant Brands …
Higher expenses bite into McDonald’s India operator’s Q3 earnings Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – The Indian federal government’s market borrowing is seen rising marginally in fiscal year 2025-26, which investors expect will be easily absorbed given the improving banking liquidity and strong inflows into insurance and pension funds. India’s budget for the next financial year starting April 1 will be announced on Saturday. …
India bond investors eye small rise in government borrowing, expect yields to decline Read More »
