(Reuters) – India’s Adani Power posted a smaller quarterly core profit on Wednesday due to a sharp drop in power demand and the thermal power producer also said it would raise 50 billion rupees ($578 million) by selling shares to institutional investors. The company, part of billionaire Gautam Adani-led Adani Group, said besides raising money …
By Rajendra Jadhav MUMBAI (Reuters) – India’s coffee exports are expected to decline more than 10% in 2025 due to lower production and reduced carry-forward stocks from last season’s crop, even as beans fetch record high prices, industry officials told Reuters on Wednesday. The South Asian country, a major tea producer, is also the world’s …
India’s coffee output dips, clouds export outlook despite record prices Read More »
(Reuters) – India’s Blue Star, which makes air conditioners and air purifiers, reported a bigger-than-expected increase in third-quarter profit on Wednesday, helped by higher demand during the festive season. Consolidated net profit rose 32% to 1.33 billion rupees ($15.37 million) in the three months ended Dec. 31, beating analysts’ expectations of 1.23 billion rupees, as …
India’s Blue Star beats Q3 earnings view on festive demand boost Read More »
LONDON (Reuters) – Britain’s Business and Trade Secretary Jonathan Reynolds will soon visit India to restart talks on a trade deal, finance minister Rachel Reeves said on Wednesday. (Reporting by Muvija M; Writing by Catarina Demony; Editing by Peter Graff)
By Bharath Rajeswaran (Reuters) -India’s benchmark indexes rose on Wednesday, as information technology stocks tracked a rebound in global peers, with investors shifting focus to the U.S. Federal Reserve’s comments on interest rates. The Nifty 50 gained 0.9% to 23,163.1, while the BSE Sensex added 0.83% to 76,532.96. The small-caps and mid-caps gained 3.3% and …
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed nearly flat on Wednesday after facing pressure early in the session, which was countered by dollar sales by state-run banks and as traders awaited the U.S. Federal Reserve’s monetary policy decision. The rupee closed at 86.54 against the U.S. dollar, barely changed from its close …
Rupee ends little changed, focus turns to Fed policy decision Read More »
NEW DELHI (Reuters) – India has approved 163 billion rupees ($1.88 billion) to develop its critical minerals sector, the information minister said on Wednesday, as the world’s fastest-growing major economy aims to secure raw materials such as lithium. Reuters had on Tuesday reported that the federal Ministry of Mines had earmarked funding of 163 billion …
India approves $1.88 billion to develop critical minerals sector Read More »
(Reuters) – India’s TeamLease Services reported an 8.3% drop in third-quarter profit on Wednesday, below Street expectations, dragged down by a jump in expenses. The staffing services provider’s consolidated net profit fell to 284.3 million rupees ($3.29 million) for the three months ended Dec. 31, from 310 million rupees a year ago. Analysts, on average, …
India’s TeamLease Services misses Q3 profit view as costs bite Read More »
MUMBAI (Reuters) – India has raised purchase prices for ethanol that state-run fuel retailers must pay to sugar mills, the information minister said on Wednesday, as the world’s third-largest oil importer and consumer seeks to reduce its reliance on overseas petroleum product purchases. (Reporting by Rajendra Jadhav, writing by Sudipto Ganguly; Editing by Bernadette Baum)
(Reuters) -Maruti Suzuki, India’s top carmaker by volumes, missed third-quarter profit expectations on Wednesday, hurt by higher discounts and a dip in small car sales. Following two years of rapid growth, Indian automakers faced pressure throughout much of 2024 due to weak demand for new cars and rising costs, which led them to provide bigger …
Indian carmaker Maruti Suzuki misses Q3 profit view on higher discounts Read More »
