By Siddhi Nayak MUMBAI (Reuters) – Indian government bond yields ended slightly higher after a range-bound trading session on Monday, with investors awaiting domestic and U.S. inflation data for clues on the outlook for interest rates. The benchmark 10-year yield ended at 6.7874%, compared with Friday’s closing level of 6.7762%. The yield traded in a …
Indian bond yields edge higher ahead of local, US inflation data Read More »
(Reuters) – India’s National Fertilizers reported a profit in the second quarter on Monday as lower costs helped cushion the impact of lower product prices. The state-run agricultural chemicals maker reported a consolidated profit of 120.7 million rupees ($1.4 million) for the quarter ended Sept. 30, compared to a loss of 871 million rupees a …
India’s National Fertilizers posts Q2 profit on lower costs Read More »
By Bharath Rajeswaran (Reuters) -Inflows into India’s equity mutual funds jumped to a record high of 418.87 billion rupees (about $5 billion) in October, rising 22% from the previous month, and partly offsetting hefty foreign outflows. Inflows into equity mutual funds continued for the 44th month in a row in October, the longest on record, …
India’s equity mutual fund inflows hit record high in October Read More »
(Reuters) – Devyani International, which operates the KFC and Pizza Hut restaurants in India, reported a bigger-than-expected rise in second-quarter revenue on Monday as it added hundreds of new stores in the country, sending its stock up about 6%. Global consumer-facing firms such as Hindustan Unilever, the Indian arm of the UK’s Unilever, and McDonald’s …
KFC India operator Devyani beats Q2 revenue view on new store additions, shares rise Read More »
(Reuters) – Agrochemicals maker UPL posted a wider quarterly loss on Monday hurt by pricing pressures. The company reported a consolidated net loss of 4.43 billion rupees ($52.5 million) for the three months ended Sept. 30 from a loss of 1.89 billion rupees a year earlier. Revenue from operations rose 9.1% to 110.90 billion rupees, …
India’s UPL posts wider Q2 loss on lower agrochemical prices Read More »
(Reuters) – Jubilant FoodWorks, which operates the Domino’s Pizza brand in India, posted a smaller-than-expected fall in second-quarter profit on Monday, as cheaper menu items attracted budget-conscious customers. Consolidated net profit fell to 640.5 million rupees ($7.59 million) for the quarter ended Sept. 30 from 972 million rupees a year earlier. Analysts had estimated 635.2 …
Domino’s India operator beats Q2 profit view on demand for cheaper items Read More »
By Bharath Rajeswaran (Reuters) -Indian shares closed little changed in a volatile session on Monday, as a rise in information technology and financials offset concerns over weak earnings and foreign outflows. The NSE Nifty 50 slipped 0.03% to 24,141.3 points, while the BSE Sensex inched up 0.01% to 79,496.15. The indexes swung between 0.8% gains …
Indian shares close flat at IT offsets earnings, foreign outflow concerns Read More »
By Nikunj Ohri and Aditya Kalra NEW DELHI (Reuters) – India’s financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms’ sellers, a senior government source said. The planned action signals growing regulatory scrutiny of Walmart-owned …
India to summon Amazon, Flipkart executives as regulatory scrutiny grows, source says Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee slipped to an all-time low on Monday, pressured by weakness in regional currencies and sustained outflows from local equities but central bank intervention helped avoid sharp losses, traders said. The currency ended at 84.3925, eclipsing its previous record low of 84.3875 hit last week. The currency …
Rupee slips to record low but avoids sharp losses on cenbank intervention Read More »
(Reuters) – India’s BEML reported a 1.5% fall in its second-quarter profit on Monday, hurt by lower demand for its heavy machinery and equipment as manufacturing activity dipped. The state-owned company makes machinery and products for industries like aerospace, mining, rail and metro and has clients such as Rail Vikas Nigam, Adani Power and Chennai …
Indian heavy machinery maker BEML’s Q2 profit falls as demand weakens Read More »
