By Dhwani Pandya and Jayshree P Upadhyay MUMBAI (Reuters) -Abu Dhabi Investment Authority and Qatar Investment Authority have invested in Adani Energy Solutions’ share sale in India of up to $1 billion, two sources said, its first such deal since a scathing report from short-seller Hindenburg Research last year. The deal marks Adani Group’s first …
By Jayshree P Upadhyay MUMBAI/BENGALURU (Reuters) -India’s markets regulator on Tuesday proposed a series of measures to curb a trading frenzy in options, including raising the minimum trading amount by over three times, reducing the number of contracts expiring each week and hiking trading margins. The steps, which follow an increase in tax on derivative …
India markets regulator proposes slew of measures to curb options trading frenzy Read More »
BENGALURU (Reuters) -Sapphire Foods India, which operates the Pizza Hut and KFC chains of restaurants, reported a larger-than-expected decline in its first-quarter profit on Tuesday, as costs rose while it struggled to entice budget-conscious customers. The Yum Brands franchisee reported a consolidated net profit of 85.2 million rupees ($1.02 million) for the quarter ended June …
Pizza Hut India operator misses Q1 estimates on weak demand, surging costs Read More »
BENGALURU (Reuters) – India’s Exide Industries missed first-quarter profit expectations on Tuesday, as higher raw material costs weighed on the battery maker. The company’s standalone profit after tax rose 15.6% year-on-year to 2.80 billion rupees ($33.4 million) in the three-month period ended June 30. Analysts, on average, expected a profit of 3.31 billion rupees, as …
India’s Exide Industries misses Q1 profit view on higher commodity costs Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India’s gold demand in the June quarter fell 5% from a year ago, but consumption in the second half of 2024 is set to improve due to a correction in local price following a steep reduction in import taxes, the World Gold Council (WGC) said on Tuesday. Higher purchases …
India’s duty cut to revive gold demand after weak June quarter, World Gold Council says Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Foreign investors see India’s decision to return to curbs on purchases of some government securities as a flip-flop in policy that may force them to redraw investment strategies, global fund managers said on Tuesday. Such limits were dropped in 2020 from key liquid government bonds to enable India’s entry …
Foreign investors unhappy after India restores curbs on some bond purchases Read More »
BENGALURU (Reuters) – Granules India reported a surge in first-quarter profit on Tuesday, helped by strong demand in the European and North American markets. The company consolidated profit of 1.35 billion rupees ($16.1 million) for the quarter ended June 30, a near three-fold jump from a year ago. Revenue from operations rose 20% to 11.80 …
Granules India’s Q1 profit nearly triples on strong demand Read More »
BENGALURU (Reuters) – Pepsi India bottler Varun Beverages just missed analyst expectations for second quarter profit on Tuesday, dragged by higher raw material expenses despite healthy sales. Shares of Varun Beverages, which produces and bottles popular beverages such as Mirinda, Mountain Dew and Slice, were down 5.4% at 1595 rupees as of 6:40 a.m. GMT, …
Pepsi India bottler Varun Beverages misses Q2 view on higher expenses Read More »
By Bhakti Tambe MUMBAI (Reuters) – India’s Adani Enterprises, the flagship firm of Adani Group, plans to launch its first-ever public issue of bonds in the coming weeks to raise up to 6 billion rupees ($71.7 million), two sources aware of the development said on Tuesday. “The company has already filed a draft prospectus with …
India’s Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say Read More »
By Rahul Paswan (Reuters) – Gold prices retreated on Monday, pressured by an uptick in the dollar as investors looked forward to a U.S. Federal Reserve policy meeting this week for any indication on interest rate cuts. Spot gold fell 0.3% to $2,378.25 per ounce by 1810 GMT. U.S. gold futures for August delivery settled …
Gold slips as dollar gains, traders eye Fed meeting Read More »
