(Reuters) – India’s JSW Energy reported a 27.5% fall in third-quarter profit on Tuesday amid sluggish power demand in the country. The company said its consolidated net profit dropped to 1.68 billion rupees ($19.4 million) for the quarter ended Dec. 31 from 2.31 billion rupees a year earlier. Revenue from operations fell 4.1% to 24.39 …
India’s JSW Energy reports lower Q3 profit on lucklustre power demand Read More »
BENGALURU (Reuters) – India’s SBI Cards and Payment Services reported third-quarter profit below expectations on Tuesday, weighed down by higher write-offs. Profit after tax fell 30% to 3.83 billion rupees ($44.3 million) for the three months ended Dec. 31, compared to analysts’ average expectations of 4.59 billion rupees, as per data compiled by LSEG. Indian …
India’s SBI Card misses Q3 profit expectations on higher write-offs Read More »
By Sethuraman N R and Neha Arora (Reuters) – Hindustan Zinc, India’s biggest producer of the refined metal, will report strong revenue and profit growth in the fourth quarter and the upcoming fiscal year, supported by higher production and rising metal prices, CEO Arun Misra said. The company, majority owned by metals-to-oil conglomerate Vedanta, on …
India’s Hindustan Zinc sees strong 2025 growth on higher volumes, CEO says Read More »
By Bharath Rajeswaran (Reuters) – Indian stocks are on a four-month losing streak, set for their worst such run in 23 years as weak earnings, foreign outflows and economic uncertainty have taken the wind out of the sails of a market that hit record highs just four months back. The Nifty 50 and Sensex have …
Indian stocks set for longest monthly losing streak in over 23 years Read More »
(Reuters) – AI enterprise service management firm Atomicwork said on Tuesday it has raised $25 million in a Series A funding round led by venture capital investors Khosla Ventures and Z47. The fundraise valued San Francisco-based Atomicwork at $150 million, according to a source familiar with the matter. Other investors who participated in the round …
IT software startup Atomicwork raises $25 million in Khosla Ventures-led funding round Read More »
(Reuters) – Auto parts-maker Bosch, the Indian unit of German automotive supplier Robert Bosch, reported a rise in third-quarter adjusted profit on Tuesday on the back of steady sales of automobile parts. The company’s profit before exceptional items and tax rose nearly 9% year-on-year to 6.65 billion rupees (nearly $77 million) in the three months …
Bosch’s Indian unit posts Q3 profit rise, boosted by auto part sales Read More »
By Aditi Shah and Nikunj Ohri NEW DELHI (Reuters) – Some air shipments of car components by Volkswagen India were briefly held up by custom authorities in Mumbai due to a $1.4 billion tax demand, leading to delays in spare part supplies at dealerships, people familiar with the matter told Reuters. The setback comes as …
(Reuters) – Colgate Palmolive (India) reported a third-quarter profit that came in below market estimates on Tuesday, hurt by dwindling demand from urban consumers and higher expenses. The toothpaste maker’s net profit fell 2.2% to 3.23 billion rupees ($37.3 million) in the quarter ended Dec. 31, missing analysts’ average estimate of 3.33 billion rupees, according …
Colgate Palmolive India’s Q3 profit misses estimates on moderating demand Read More »
By Rishika Sadam and Kashish Tandon HYDERABAD/BENGALURU (Reuters) -Cipla, one of India’s largest drugmakers by sales, reported a bigger-than-expected third-quarter profit on Tuesday helped by strong domestic demand, and said the U.S. freezing aid for some drug programs would not hurt its results. The company’s consolidated net profit increased nearly 49% to 15.71 billion rupees …
India’s Cipla beats Q3 profit view as strong domestic demand offset weak US sales Read More »
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) -Microsoft-backed OpenAI sought to block on Tuesday India’s biggest media organisations, including those of billionaires Gautam Adani and Mukesh Ambani, from joining a copyright lawsuit that is set to shape the legal framework for AI in India. Courts globally are hearing cases from authors, news organisations …
OpenAI seeks to block Indian media groups from copyright lawsuit Read More »
