(Reuters) – Dabur India, which makes products ranging from honey to toothpaste, estimated its revenue rose in the low single-digit percentage range in the third quarter due to subdued demand for healthcare and beverage products, it said on Friday. Analysts, on average, had expected revenue growth to pick up to 4.8% in the October-December quarter, …
India’s Dabur estimates low-single digit sales growth in Q3 Read More »
MUMBAI (Reuters) – India’s foreign exchange reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of Dec. 27, data from the Reserve Bank of India showed on Friday. The reserves declined by $4.1 billion in the reported week, after falling by a cumulative $13.7 billion in the …
India’s FX reserves drop to eight-month low amid rupee pressure Read More »
By Praveen Paramasivam (Reuters) – U.S. pizza chain Papa John’s International plans to make its return to the Indian market in 2025, a year later than planned, while many Western brands rethink their plans as inflation hits consumer spending. Papa John’s exited India in 2017 saying its restaurants were not able to meet the expectations …
U.S. pizza chain Papa John’s targets 2025 India re-entry after delay Read More »
NEW DELHI (Reuters) -India is looking forward to strengthening its economic relationship with the United States by engaging with the incoming Trump administration, India’s trade minister Piyush Goyal told reporters in New Delhi on Friday. “We are looking forward to a very deep and substantive engagement with the new US administration,” the trade minister said, …
India aims to strengthen economic ties with US, engage with Trump administration Read More »
By Bharath Rajeswaran and Indranil Sarkar (Reuters) – India’s benchmark indexes logged a second consecutive weekly rise on Friday, led by auto stocks that gained on the back of upbeat monthly sales data. However, financials and IT stocks dragged the blue-chip indexes lower on the day, with the Nifty 50 shedding 0.76% to 24,004.75 points …
Auto leads Indian shares to 2nd consecutive weekly rise Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth straight week of losses due to the relentless rise in the U.S. dollar. The rupee ended at 85.77 to the dollar, compared to its previous close …
Rupee logs 9th straight week of losses, analysts expect more weakness Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee may slip to a lifetime low at open on Friday after the dollar index climbed to the highest in more than two years, building on its rally in the last quarter. The 1-month non-deliverable forward indicated that the rupee will open at 85.80-85.82 to the U.S. …
Rupee may dip to all-time low on Fed outlook-spurred dollar rally Read More »
By Sherin Elizabeth Varghese and Anjana Anil (Reuters) – Gold hit a more than two-week high on Thursday, fuelled by safe-haven buying, while the market took out positions ahead of the Federal Reserve’s rate outlook and the potential impact of President-elect Donald Trump’s proposed trade tariffs. Spot gold rose 1.2% to $2,654.24 an ounce by …
Gold climbs to over two-week high on safe-haven demand; Trump’s policies in focus Read More »
(Reuters) – India’s markets regulator on Thursday alleged that former stockbroker Ketan Parekh and 21 others made millions of dollars in illegal trade gains by using inside information from an unnamed overseas entity. The Securities and Exchange Board of India (SEBI) said in an interim order that Parekh, who had previously been banned in 2003 …
India markets regulator alleges front running by former stockbroker Ketan Parekh Read More »
By Siddhi Nayak MUMBAI (Reuters) – An industry body for India’s non-banking finance companies (NBFCs) has asked the government to create a refinance or liquidity facility to boost lending to priority sectors such as agriculture, medium and small enterprises, and renewable energy. Development-focused financial institutions like SIDBI can provide such an option to NBFCs, the …
