Reuters India Business

SINGAPORE (Reuters) – India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has issued an expression of interest to sell around 240,000 metric tons (1.89 million barrels) of jet fuel term supplies starting September, three sources said on Friday. The state-owned refiner is looking to sell at least one 40,000-60,000 ton cargo per month from September to …

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BENGALURU (Reuters) – Indian drugmaker Glenmark Life Sciences posted a higher first-quarter revenue on Thursday, driven by strong demand in its mainstay active pharmaceuticals ingredients business. The Mumbai-based company said revenue from operations rose 2% to 5.89 billion rupees ($70.3 million). Its API business, which accounts for almost all of its revenue, climbed 6.2% from …

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BENGALURU (Reuters) – India’s LT Foods posted a bigger profit for the twelfth consecutive quarter on Thursday, bolstered by strong demand for its basmati rice. The company, which makes ‘Daawat’ and ‘Royal’ basmati rice, said consolidated net profit increased 11.5% to 1.53 billion rupees ($18.3 million) in the April-June quarter. According to official data, India’s …

Indian basmati rice maker LT Foods’ Q1 profit jumps on strong demand Read More »

BENGALURU (Reuters) – India’s Ashok Leyland reported a first-quarter profit that missed estimates on Thursday, as tax expenses weighed down the bus and truck manufacturer more than expected. The Hinduja Group company’s profit for the April-June quarter fell 8.8% to 5.26 billion rupees (around $63 million). Analysts had expected 5.66 billion rupees, as per LSEG …

India’s Ashok Leyland reports Q1 profit miss as taxes weigh Read More »