(Reuters) – Page Industries, which licenses the Jockey and Speedo brands in India, reported a 30% rise in second-quarter profit on Thursday as increased spending on premium athleisure products drove growth. The company reported a profit of 1.95 billion rupees ($23.1 million) for the quarter ended Sept. 30, compared with 1.50 billion rupees a year …
Jockey India licensee posts Q2 profit rise on premium demand Read More »
By Bharath Rajeswaran (Reuters) – Foreign portfolio investors (FPIs) pulled out about $3.1 billion from Indian financial stocks in October, the second-highest amount ever from the sector and accounting for 30% of the record overall withdrawal for the month, data showed on Thursday. The 260.42 billion-rupee selloff in financials – the heaviest weighted index on …
(Reuters) – Drugmaker Abbott India reported a rise in second-quarter profit on Thursday, helped by strong demand for its gastrointestinal and anti-infective medications. The company, which makes the antacid Digene, reported a profit of 3.59 billion rupees ($42.6 million) for the quarter ended Sept. 30, up nearly 15% from last year. Revenue from operations climbed …
Abbott India posts Q2 profit rise on strong demand, price hikes Read More »
(Reuters) – Paints maker Akzo Nobel India reported a 4% rise in its second-quarter profit on Thursday, mainly driven by a higher demand from the automotive sector, which helped outweigh muted retail demand. The maker of Dulux Paints said its consolidated net profit rose to 979 million rupees ($11.61 million) in the July-September quarter, from …
Dulux Paints maker Akzo Nobel India’s Q2 profit rises on automotive sector demand Read More »
By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – The period of low volatility that the Indian rupee has enjoyed may not last now that Donald Trump is poised to become U.S. president once again, bankers and advisors cautioned, urging companies to manage their forex risks more prudently and proactively. The rupee dropped to an …
Trump’s US election win prompts calls for Indian firms to be cautious on forex risks Read More »
(Reuters) – India’s Bajaj Electricals posted a 59% fall in second-quarter profit on Thursday, as monsoon temperatures reduced demand for cooling products. The company, which makes products ranging from kitchen appliances to LED lights, said its consolidated net profit fell to 129 million rupees ($1.53 million) for the quarter ended Sept. 30, compared to 316.8 …
India’s Bajaj Electricals posts Q2 profit fall on weak demand Read More »
(Reuters) – Indian drugmaker Alembic Pharmaceuticals reported a smaller-than-expected rise in second-quarter profit on Thursday, hurt by a slowdown in the U.S. market amid pricing pressure. The company’s consolidated profit rose 12% to 1.53 billion rupees ($18.1 million) in the quarter ended Sept. 30, but fell short of the analysts’ expectation of 1.55 billion rupees, …
Indian drugmaker Alembic Pharma misses Q2 profit view as US sales growth slows Read More »
(Reuters) – Indian clothing retailer Trent posted its slowest revenue growth in 14 quarters on Thursday, as consumers in urban pockets grappled with rising cost of living and cut down their spending on non-essential goods. Tata Group-owned Trent posted a 39% a 39% surge in second-quarter revenue to 41.57 billion rupees ($492.8 million), marking its …
India’s Trent posts slowest revenue growth in 14 quarters; shares tumble Read More »
By Nikunj Ohri NEW DELHI (Reuters) – India should join the Regional Comprehensive Economic Partnership (RCEP), a top official at a government think tank said on Thursday, years after the country decided to walk out of the China-backed Asian trade bloc. The RCEP is the world’s largest trade bloc backed by China and groups 15 …
India should join China-backed Asian trade bloc, government think tank CEO says Read More »
By Bharath Rajeswaran (Reuters) -MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country’s weightage on the index to 20%, further narrowing the gap with China. MSCI said there would be 156 Indian stocks in the index, but that is only one-fourth …
MSCI adds five Indian stocks to key index; Nuvama sees $2.5 billion inflows Read More »
