(Reuters) -Hero MotoCorp, India’s top two-wheeler maker by sales, reported a better-than-expected quarterly profit on Thursday, on the back of demand fueled by domestic tax cuts as well as strong exports. The maker of the Splendor motorcycle posted a 15.7% rise in quarterly profit to 13.93 billion rupees ($158.5 million) in the July-September quarter, topping …
By Ananta Agarwal and Praveen Paramasivam (Reuters) -Domino’s India operator posted a quarterly profit that almost tripled from a year earlier on Thursday, as demand for its affordable pizzas and combo deals stayed strong, bucking the broader slowdown in the fast-food industry. Jubilant Foodworks has stood out as a rare outperformer in an environment where …
Domino’s India operator posts quarterly profit spike as demand stays upbeat Read More »
By Kashish Tandon and Meenakshi Maidas (Reuters) -India’s Tata Motors, the country’s top commercial vehicles maker, expects high single-digit percentage growth in demand in the second half of the fiscal year, driven by government’s tax cuts and a pick-up in construction. “We should see higher single-digit growth in demand for across ranges in the second …
(Corrects day of the week to Thursday in first paragraph) By Sarita Chaganti Singh and Manoj Kumar NEW DELHI (Reuters) -Canada and India are working to rebuild trade ties and explore new areas of cooperation after a two-year chill, with Ottawa keen to restart trade negotiations under “a new process”, Canadian Trade Minister Maninder Sidhu …
Canada eyes fresh start in trade talks with India, says minister Sidhu Read More »
NEW DELHI (Reuters) -India’s ReNew Energy Global Plc said on Thursday it will invest about 820 billion rupees ($9.33 billion) in the southern state of Andhra Pradesh to expand its clean energy portfolio. The company is signing agreements with the state government for projects spanning solar manufacturing, pumped hydro, battery storage and green ammonia. ReNew …
India’s ReNew to invest $9.33 billion in green energy projects in southern state Read More »
By Amlan Chakraborty KOLKATA, India (Reuters) -The brand value of India’s top women cricketers has gone through the roof following their fairytale World Cup triumph on home soil with top sports marketing experts calling it a “watershed moment” for the sport. After a hat-trick of defeats nearly derailed their campaign, India stunned seven-times champions Australia …
Cricket-India’s women players cash in on World Cup glory Read More »
(Reuters) -LG Electronics India on Thursday reported a 27% fall in quarterly profit in its first results since listing, as consumers delayed purchases of electronics and home goods following recent tax cuts. The company posted a standalone profit of 3.89 billion rupees ($44.26 million) for the quarter ended September 30, down from 5.36 billion rupees …
LG Electronics India posts drop in second-quarter profit Read More »
(Reuters) -Deutsche Bank’s investment arm DWS Group will buy a 40% stake in a Nippon Life India Asset Management unit to build an alternate investment fund franchise, as the German firm looks to expand its footprint in Asia. As part of the deal, DWS will hold up to 40% in the unit, with Nippon Life …
Deutsche Bank’s DWS to buy 40% stake in Nippon Life India unit Read More »
(Reuters) -Indian gold loan financier Muthoot Finance on Thursday reported an 87.5% jump in second-quarter profit on strong loan demand amid soaring prices of the precious metal, and raised its gold loan growth outlook for the year. The firm’s standalone profit for the July to September quarter rose to 23.45 billion rupees ($266.80 million) from …
India’s Muthoot Finance posts quarterly profit jump, raises loan growth outlook Read More »
(Reuters) -India’s Eicher Motors, maker of Royal Enfield motorcycles, reported higher second-quarter profit on Thursday, riding on a jump in sales both domestically and outside the country. The company said its consolidated net profit rose 24.5% year-on-year to 13.69 billion rupees ($155.75 million) in the three months to September 30. Royal Enfield recorded its highest …
India’s Royal Enfield motorcycle maker posts higher second-quarter profit Read More »
