By Noel John and Pablo Sinha (Reuters) -Gold prices hit a near three-week high on Tuesday, bolstered by expectations that a potential end to the U.S. government shutdown and resumption of economic data could set the stage for the Federal Reserve to trim interest rates next month. Spot gold was up 0.3% at $4,126.77 per …
Gold gains as traders bet delayed U.S. data will strengthen rate cut outlook Read More »
By Rishika Sadam BENGALURU (Reuters) -Danish drugmaker Novo Nordisk said on Tuesday it had cut the price of its weight-loss drug, Wegovy, by up to 37% from its launch price in India, as it looks to gain ground in one of the world’s fast-growing markets for obesity treatments. Reuters exclusively reported earlier in the day …
Novo Nordisk cuts Wegovy price by up to 37% in India Read More »
By Sethuraman N R (Reuters) -India’s Tata Power plans to set up the country’s largest solar wafers and ingots manufacturing plant with a capacity of 10 gigawatts, chief executive Praveer Sinha said on Tuesday. The facility to make the ingots and wafers – foundational material for solar cells – would complete Tata Power’s presence across …
Tata Power plans to set up India’s largest solar wafers, ingots making plant Read More »
(Reuters) -India’s PC Jeweller posted a rise in second-quarter profit on Tuesday, as a steep run-up in gold prices lifted transaction values. The New Delhi-based jewellery retailer’s consolidated net profit grew 17% to 2.1 billion Indian rupees ($23.89 million) in the quarter ended September 30. Its revenue from operations soared 63% to 8.25 billion rupees. …
India’s PC Jeweller posts profit rise as consumers shrug off higher gold prices Read More »
(Reuters) -India’s Tata Power on Tuesday reported a drop in second-quarter profit, hurt by lower electricity generation after the shutdown of its Mundra plant. Consolidated net profit fell to 9.19 billion rupees (about $105 million) in the quarter ended September 30 from 9.27 billion rupees a year earlier. Revenue from operations fell 1% to 155.45 …
India’s Tata Power posts lower quarterly profit on plant shutdown Read More »
(Reuters) -Container Corporation of India reported a higher quarterly profit on Tuesday, lifted by strong cargo volume growth at its export-import and domestic businesses. Consolidated net profit for the state-run rail logistics carrier rose to 3.79 billion Indian rupees ($43.12 million) during the July-September period, compared with 3.65 billion rupees a year ago. Revenue from …
Container Corp of India quarterly profit rises on strong cargo volumes Read More »
(Reuters) -Indian engineering firm Thermax posted a bigger-than-expected drop in second-quarter profit on Tuesday, as an extended monsoon slowed the execution of backlog orders. The Pune-based firm’s consolidated net profit fell 39.3% to 1.20 billion rupees ($13.7 million) for the quarter ended September 30. Analysts expected profit to drop to 1.79 billion rupees, according to …
India’s Thermax misses profit views as extended monsoon slows order execution Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India’s cotton imports are forecast to climb 9.8% in the new season to a record high, driven by New Delhi’s move to allow duty-free overseas purchases and a drop in local output to a 17-year low, industry officials told Reuters. Higher imports by the world’s second-largest cotton producer are expected …
India’s cotton imports to hit record high on duty exemption, low output Read More »
(Reuters) -India’s JB Chemicals & Pharmaceuticals reported a year-on-year jump in profit for the September quarter on the back of strong demand in the domestic market. The company, which makes the Rantac antacid, reported consolidated net profit of 2.08 billion rupees ($23.7 million) for the second quarter, compared with 1.75 billion rupees a year earlier. …
India’s JB Chemicals & Pharmaceuticals posts profit jump on strong domestic demand Read More »
(Reuters) -India’s National Fertilizers posted a second-quarter loss on Tuesday, dragged by monsoon-hit poor agrichemicals demand for its fertilizers. The state-run agricultural chemicals maker posted a consolidated loss of 358.1 million rupees ($4.1 million) for the quarter ended September 30, compared to a profit of 120.7 million rupees a year ago. Revenue rose 54% to …
India’s National Fertilizers posts quarterly loss on frail demand Read More »
