(Reuters) -Indian sugar and ethanol maker EID Parry reported a loss in the second-quarter on Tuesday, hit by sluggish sugar demand. The company posted a loss after tax of 2.86 billion rupees ($32.5 million) in the three months ended September 30, from a profit of 282.5 million rupees a year earlier. Overall revenue from operations …
India’s EID Parry swings to quarterly loss on muted sugar demand Read More »
By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks overcame a shaky open to settle higher on Tuesday as optimism around a potential trade deal with Washington and steps toward the U.S. government reopening boosted investor sentiment. The Nifty 50 rose 0.47% to 25,694.95, while the BSE Sensex added 0.4% to 83,871.32. Eleven …
Indian shares shrug off early jitters on US reopening hopes, Trump trade comments Read More »
By Nidhi Verma NEW DELHI (Reuters) -Middle Eastern producers Saudi Arabia, Iraq and Kuwait will raise crude oil supplies to India in December as Indian refiners seek alternatives to Russian barrels, sources at four Indian refiners said on Tuesday. The rise in Middle East crude demand comes as many Indian refiners pause purchases from Russia …
Saudi Arabia, Iraq, Kuwait increase supplies to India in December, sources say Read More »
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee inched up on Tuesday, helped by modest inflows and dollar sales from state-run banks, but progress in U.S.-India trade negotiations remained the focal point for future direction, traders said. The rupee closed at 88.5675 against the U.S. dollar, up 0.1% on the day. The currency lingered near …
Rupee rises on modest inflows, trade talks with US stay in focus Read More »
(Reuters) -Bosch posted a 3.4% rise in second-quarter profit on Tuesday, driven by healthy demand for its auto parts and consumer electronics. The Indian arm of German automotive supplier Robert Bosch reported net profit of 5.54 billion rupees ($63 million) for the quarter ended September 30, up from 5.36 billion rupees a year earlier. Revenue …
Bosch India’s quarterly profit rises on demand for auto parts, consumer electronics Read More »
(Reuters) -Indian fintech firm Pine Labs’ $440 million IPO was fully subscribed on the final day of bidding on Tuesday, even as concerns over profitability and valuations kept some investors at bay. The share sale happened in the middle of a wave of listings with the IPO market set to top last year’s record. So …
Indian fintech firm Pine Labs’ $440 million IPO subscribed on final day Read More »
By Sethuraman N R (Reuters) -Some export-focused green hydrogen projects in India are likely to start later than originally planned due to global policy uncertainties, potentially delaying the country’s clean fuel ambitions, a senior government official said on Tuesday. The country now expects to produce about 3 million metric tonnes (MMTPA) of green hydrogen by …
India could miss 2030 green hydrogen production goals, top official says Read More »
(Reuters) -Shares of India’s Bajaj Finance tumbled 7.5% on Tuesday after the non-bank lender cut its asset growth forecast for fiscal 2026, stoking concerns over its near-term expansion prospects. The company now expects assets under management to grow 22%–23%, down from the 24%–25% projected earlier, citing rising bad loans in its small business segment and …
India’s Bajaj Finance falls as forecast clouds short-term growth outlook Read More »
By Gopika Gopakumar and Jayshree P Upadhyay MUMBAI (Reuters) -India’s IndusInd Bank has begun a process to claw back salary and bonuses from its former chief executive and deputy chief, after an internal review flagged misconduct and misreporting, sources with direct knowledge of the matter said. To deter misconduct, Indian banking regulations have allowed clawback …
(Reuters) -Shares of Britannia Industries fell as much as 6.7% on Tuesday after CEO and Managing Director Varun Berry resigned, ending a decade-long tenure that transformed the Indian biscuit maker into a diversified packaged foods company. Berry, who joined Britannia in 2013 and became managing director a year later, previously held leadership roles at PepsiCo …
Britannia shares slump as veteran Varun Berry exits Indian packaged foods firm Read More »
