(Reuters) -Shares of Dr Reddy’s Laboratories dropped 6% on Friday and were on track for their worst session in nearly nine months, after missing its third-quarter profit estimates on lower sales and pricing pressures in the key North American market. The generic drugmaker was the top loser on the Nifty Pharma index and the benchmark …
Indian drugmaker Dr Reddy’s shares slide after Q3 profit miss Read More »
By Anant Chandak BENGALURU (Reuters) – India’s business activity grew at the slowest pace in over a year in January, a survey showed, highlighting emerging cracks in its world-beating economic growth at start of 2025 although firms hired new staff at a record pace. The services industry is the major engine of Asia’s third-largest economy …
India’s Jan business growth at 14-month low due to weaker services demand, PMI shows Read More »
By Anjana Anil and Sherin Elizabeth Varghese (Reuters) – Gold prices firmed on Thursday as the dollar softened following U.S. President Donald Trump’s call for lower interest rates, with market attention remaining focused on the broader implications of his policies. Spot gold rose 0.1% to $2,753.19 per ounce by 03:28 p.m. ET (2028 GMT). Prices …
Gold ticks up as dollar eases; Trump policies in spotlight Read More »
(Reuters) -Uber said it does not set ride prices based on a user’s phone model, shortly after an Indian government body alleged that the ride-hailing giant and its domestic rival Ola use differential pricing for Android and Apple phones. India’s consumer affairs minister Pralhad Joshi said on X on Thursday that the Central Consumer Protection …
Uber denies implementing phone model-based pricing in India Read More »
(Reuters) – Indian mobile tower operator Indus Towers has launched pilot electric-vehicle charging stations at two locations, it said on Thursday, amid the country’s growing push to adopt the environmentally cleaner models. The company plans to foray into the EV charging infrastructure sector and has launched its pilot services in the business hub of Gurugram …
India’s Indus Towers to foray into EV charging infrastructure Read More »
(Reuters) – United Spirits is “cautiously optimistic” about India’s consumption trends in the short-term, the liquor company said on Thursday, after festive demand and resumption of sales in Andhra Pradesh state helped it beat analysts’ estimates for third-quarter profit. Profit for the October-December quarter jumped 36% on-year to 4.73 billion rupees ($54.8 million), beating analysts’ …
(Reuters) – India’s Mankind Pharma reported a smaller-than-expected third-quarter profit on Thursday, hurt by a sharp rise in expenses. Manforce condom and Prega News pregnancy kit maker reported a consolidated net profit of 3.8 billion rupees ($43.99 million) for the quarter ended Dec. 31. Analysts on average had expected a profit of 4.48 billion rupees, …
India’s Mankind Pharma misses Q3 profit view as expenses jump Read More »
(Reuters) – Indian software services company Mphasis posted a bigger-than-expected rise in third-quarter profit on Thursday, aided by strong deal wins in its banking segment. The company’s consolidated net profit grew nearly 15% to 4.28 billion rupees ($49.54 million) for the quarter ended Dec. 31 compared with analysts’ expectations of 4.26 billion rupees, according to …
India’s Mphasis beats profit estimates on banking segment deals Read More »
By Shivam Patel NEW DELHI (Reuters) – German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project. Their potential rival, Spanish state-held shipbuilder Navantia, which partnered with India’s Larsen …
German-Indian JV emerges as sole contender for $5 billion India submarine deal Read More »
(Reuters) – Indian engineering and technology firm Cyient reported a third-quarter profit below analysts’ expectations on Thursday, hurt by slower growth in its biggest segment and higher costs. Its profit declined to 1.22 billion rupees ($14.12 million) for the three months ended Dec. 31, from 1.47 billion rupees a year ago. Analysts had expected 1.71 …
India’s Cyient misses third-quarter profit estimates on higher costs Read More »
