Reuters India Business Archives - Page 426 of 1191

India’s Radico Khaitan reports higher Q3 profit on robust premium liquor demand

29 Jan 2025 29 Jan 2025

(Reuters) – India’s Radico Khaitan reported a 27% rise in third-quarter profit on Wednesday, helped by strong festive season demand for its premium spirits. The company reported consolidated net profit of 954.9 million rupees ($11.04 million) for the three months ended Dec. 31, compare to 751.5 million rupees a year ago. Revenue from operations rose …

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India’s Ambuja Cements posts quarterly profit jump on strong volume growth

29 Jan 2025 29 Jan 2025

(Reuters) – India’s Ambuja Cements posted a jump in third-quarter profit on Wednesday, as higher-than-anticipated volume growth helped cushion the impact from lacklustre cement prices. Ambuja’s revenue rose 9.7% in the quarter ended Dec. 31, topping analysts’ average estimate. The company also noted that the cement sector is expected to grow by 4%-5% in the …

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India’s Orient Electric posts Q3 profit rise on strong demand

29 Jan 2025 29 Jan 2025

(Reuters) – India’s Orient Electric, which makes a wide variety of home appliances, reported a near 12% rise in third-quarter profit on Wednesday, helped by strong demand during a period that included the festive season. Shares of the company rose 4% after the results. The company’s profit rose to 271.7 million rupees ($3.14 million) in …

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Factbox-India’s economy faces slowing growth, volatile trade ahead of new financial year

29 Jan 2025 29 Jan 2025

NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi may seek to arrest slowing economic growth in the world’s fifth-largest economy and prepare for an uncertain year of global trade when his government presents the federal budget on Feb. 1. Economists expect policy changes aimed at strengthening consumption and tariff cuts to encourage local manufacturing …

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ITC Hotels falls in India trading debut, valued at $4.2 billion

29 Jan 2025 29 Jan 2025

By Hritam Mukherjee (Reuters) -Shares of ITC Hotels fell in debut trade on Wednesday, following its spin-off from consumer goods firm ITC, valuing the luxury hotels operator at 366.2 billion rupees ($4.23 billion). The stock fell to as low as 172 rupees, compared to a discovered price of 180 rupees determined during a pre-open trading …

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India’s Bajaj Auto climbs on healthy near-term demand outlook

29 Jan 2025 29 Jan 2025

(Reuters) – Shares of India’s Bajaj Auto rose more than 4% in early trade on Wednesday, as analysts flagged a healthy near-term domestic demand and export outlook for the two-wheeler maker. The shares were leading gains in the benchmark Nifty 50 index, which was up marginally, and were among the top gainers in the auto …

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Gold rebounds from tech-led selloff on tariff uncertainties

28 Jan 2025 28 Jan 2025

By Anmol Choubey (Reuters) – Gold prices rebounded on Tuesday from a dip in the previous session triggered by tech-led wider market sell-off, as increasing uncertainties over U.S. President Donald Trump’s proposed tariffs kept investor interest in the safe-haven asset. Spot gold rose 0.8% to $2,762.02 per ounce by 01:41 p.m. ET (1841 GMT). Gold …

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Indian motorcycle makers Bajaj, TVS miss Q3 profit view on domestic sales slowdown

28 Jan 2025 28 Jan 2025

By Nandan Mandayam and Meenakshi Maidas (Reuters) -India’s Bajaj Auto reported a smaller-than-expected third-quarter profit on Tuesday, hurt by lower domestic sales of its motorcycles and three-wheelers. The ‘Pulsar’ motorcycle manufacturer reported that profit rose 3.3% to 21.09 billion rupees (around $244 million) for the October-December quarter, missing analysts’ average expectation of 21.63 billion rupees, …

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India’s R R Kabel posts lower Q3 profit as stiff competition squeezes wires margin

28 Jan 2025 28 Jan 2025

(Reuters) – Indian consumer electrical company R R Kabel reported a 3% fall in third-quarter profit on Tuesday, as stiff competition squeezed its margins from the wires segment. The company’s consolidated profit fell to 685.7 million rupees ($7.93 million) for the three months ended Dec. 31 from 709.6 million rupees a year earlier. Its revenue …

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India’s BHEL misses third-quarter profit view on higher expenses

28 Jan 2025 28 Jan 2025

(Reuters) – India’s Bharat Heavy Electricals (BHEL) reported third-quarter profit below estimates on Tuesday as a surge in expenses outweighed a modest rise in power demand. The power and industrial equipment manufacturer reported a net profit of 1.25 billion rupees ($14.5 million) for the three months ended Dec. 31, compared to a loss of 2.13 …

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