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 »
BENGALURU (Reuters) – Here are some details of this year’s biggest initial public offerings (IPOs) in India, where stock markets are booming and Ola Electric, the country’s biggest e-scooter maker, will launch its highly anticipated IPO on Thursday. More than 150 companies have raised nearly $5 billion through IPOs between January and July, nearly double …
Factbox-India’s biggest 2024 IPOs as stock markets boom Read More »
BENGALURU (Reuters) – India’s Adani Wilmar reported a first-quarter profit on Monday, compared with a year-ago loss, helped by higher sales of its edible oils and foods such as basmati rice, sending its shares up more than 6% in afternoon trading. The company, a joint venture between Indian ports-to-power Adani group and Singapore’s Wilmar International, …
India’s Adani Wilmar swings to Q1 profit on strong oils, food sales; shares jump Read More »
BENGALURU (Reuters) – Indian clothing retailer Arvind posted a 40% fall in its first-quarter profit, as inflationary pressures weighed on consumer spending on apparels despite discounts. The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit fell to 393.1 million rupees ($4.7 million) from 658.7 million rupees …
Indian retailer Arvind’s Q1 profit slips as textile demand falls Read More »
By Manvi Pant BENGALURU (Reuters) -Indian benchmark indexes notched record high levels on Monday, boosted by strong earnings from banks and energy firms, while also tracking positive global sentiment around hopes of a U.S. September rate cut. The NSE Nifty and the BSE S&P Sensex were up about 0.2% each as of 10:30 a.m. IST, …
Banks, energy stocks fuel Indian shares to record highs Read More »
SINGAPORE (Reuters) – India’s Torrent Power has issued a tender seeking supplies of liquefied natural gas (LNG) over a period of 10 years, two industry sources said on Monday. The utility is seeking delivery of six cargoes per year from 2027. The tender closes on August 16. (Reporting by Emily Chow; Editing by Varun H …
India’s Torrent Power seeks 10-year LNG supply from 2027, say sources Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India will make a decision on sugar industry calls for a hike in the minimum selling price (MSP) in the coming days, a senior government official said on Saturday, adding that ethanol policies would be set before the start of the next season. India, the world’s largest sugar consumer, restricted …
India set to decide soon on sugar selling price, ethanol use Read More »
NEW DELHI (Reuters) -UltraTech Cement, India’s number one cement maker, said its board on Sunday approved a $472 million deal to gain control of India Cements, which will bolster its position in the country’s southern states. The deal comes as the country’s top cement makers vie to dominate a market that is expected to roughly …
UltraTech board approves deal to snare control of India Cement Read More »
MUMBAI (Reuters) – ICICI Bank, India’s second-largest private lender, reported a bigger-than-expected first-quarter profit on Saturday, helped by robust loan growth and healthy core lending income. The Mumbai-based lender’s standalone net profit, excluding subsidiaries, rose 14.6% to a record 110.6 billion rupees ($1.32 billion) in the April-June quarter. That exceeded analysts’ average estimate of 105.61 …
India’s ICICI Bank beats Q1 profit view on strong loan growth Read More »
NEW DELHI (Reuters) -SoftBank-backed Ola Electric’s IPO will open for retail subscription on Aug. 2, the Indian electric scooter maker said on Saturday, a stock offering that according to two sources will value the company between $4.2 billion to $4.4 billion. The issue, which will open for institutional investors a day earlier on Thursday, will …
India’s Ola Electric to launch IPO next week, valuation seen at around $4.4 billion Read More »
