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 »
MUMBAI (Reuters) – India’s markets regulator on Monday proposed stricter rules to restrict insider trading by bringing more people who could have access to sensitive information about a listed company under the ambit of its regulations. The Securities and Exchange Board of India in a discussion paper uploaded on its website said certain people may …
India seeks to expand scope of ‘connected persons’ to curb insider trading Read More »
BENGALURU (Reuters) – Restaurant Brands Asia, which operates Burger King and Popeyes chains in India and Indonesia, reported a narrower first-quarter loss on Monday as offers and discounts brought more customers to its outlets. The company’s consolidated net loss narrowed to 493.6 million rupees ($5.90 million) in the three months ended June 30 from a …
Burger King’s India operator posts narrower Q1 loss as value packs boost demand Read More »
BENGALURU (Reuters) – Colgate Palmolive India reported a 33% rise in first-quarter profit on Monday, boosted by price hikes and steady domestic demand. The company’s net profit rose to 3.64 billion rupees ($43.5 million) in the April-June period from 2.74 billion rupees a year earlier. Even as Colgate Palmolive raised prices to offset higher raw …
Colgate Palmolive’s India arm posts higher Q1 profit on price hikes Read More »
By Jayshree P Upadhyay, Bhakti Tambe and Dhwani Pandya MUMBAI (Reuters) – Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday. The sale of existing shares will be Adani …
Adani to return to equity market with transmission business share sale, sources say Read More »
By Manoj Kumar and Nikunj Ohri NEW DELHI (Reuters) – India has declined to accept a European Union proposal to levy higher taxes on its carbon-producing industries, which the 27-nation bloc said it was willing to offset when those products enter its borders, a top official told Reuters. The latest suggestion was made by an …
India sees EU carbon tax proposal as unfair and not acceptable, official says Read More »
BENGALURU (Reuters) – India’s Jindal SAW reported a surge in first-quarter profit on Monday as higher orders from the Middle East and North Africa offset frail domestic demand. The company which makes pipes for the energy, transportation and water sectors, said its consolidated profit after tax grew 66% to 4.41 billion rupees (around $53 million …
India’s Jindal SAW posts Q1 profit rise as Middle East orders help Read More »
By Dhwani Pandya, Aditya Kalra and Aditi Shah MUMBAI (Reuters) -Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country’s biggest IPO this year, a deal set to lure major foreign investors and highlight growing confidence in India’s financial markets. A stock market boom has already led more …
Ola Electric to raise $734 million in India’s biggest IPO this year Read More »
BENGALURU (Reuters) – Home appliances maker Whirlpool of India beat first-quarter profit estimates on Monday, helped by strong demand for its air conditioners and refrigerators amid hot weather in the country. Whirlpool’s India unit posted consolidated net profit of 1.44 billion rupees ($17.3 million) in the quarter ended June 30, compared to 748.8 million rupees …
Whirlpool’s India unit beats Q1 profit estimate on strong demand Read More »
BENGALURU (Reuters) – Adani Total Gas reported a jump in first-quarter profit on Monday, helped by strong demand for the cleaner-burning compressed natural gas (CNG), sending its shares 2% higher. The Adani group company’s consolidated profit rose 15% to 1.72 billion rupees (around $21 million) in the three months ended June 30, marking its sixth …
India’s Adani Total Gas posts Q1 profit rise on strong CNG demand Read More »
