Reuters India Business

India’s JSW Infra reports highest-ever quarterly profit on strong cargo growth

28 Oct 2024

(Reuters) – Indian JSW Infrastructure on Monday reported its highest-ever quarterly profit since going public in October 2023, boosted by higher cargo volumes. The company, India’s second-biggest private port operator, reported consolidated net profit of 3.72 billion rupees ($44.3 million) in second quarter ended Sept. 30, up by 46% on-year. The company handled 27.5 million …

India’s JSW Infra reports highest-ever quarterly profit on strong cargo growth Read More »

India’s Dalmia Bharat Sugar’s profit falls, export ban squeezes margins

28 Oct 2024

(Reuters) – India’s Dalmia Bharat Sugar and Industries reported a 48.8% decline in second-quarter profit on Monday, hurt by higher inventory costs due to a sugar export ban, which weighed on its margins. The company, which supplies sugar to companies like Coca-Cola, Britannia, Dabur, said its consolidated profit before tax fell to 378.9 million rupees …

India’s Dalmia Bharat Sugar’s profit falls, export ban squeezes margins Read More »

Burger King India operator’s quarterly loss widens on sluggish fast-food demand

28 Oct 2024

(Reuters) – Restaurant Brands Asia, the India franchisee of Burger King, reported a wider second-quarter loss on Monday, as budget-conscious consumers reduced spending. Global fast-food chains are struggling to attract consumers in India, a highly price-sensitive market where consumers have been cutting back on discretionary spending due to rising prices of essentials, including food. Burger …

Burger King India operator’s quarterly loss widens on sluggish fast-food demand Read More »

India’s LIC Housing Finance tops Q2 profit view on steady home loan demand

28 Oct 2024

(Reuters) – India’s LIC Housing Finance reported a bigger-than-expected second-quarter profit on Monday, helped by steady demand for its home loans. The company said its profit after tax rose about 12% to 13.29 billion rupees ($158.1 million) for the quarter ended Sept. 30, outpacing analysts’ expectation of 12.26 billion rupees, per data compiled by LSEG. …

India’s LIC Housing Finance tops Q2 profit view on steady home loan demand Read More »

India’s Tata Technologies posts third straight drop in profit as EV demand slows

28 Oct 2024

(Reuters) – India’s Tata Technologies reported a drop in profit for the third consecutive quarter, hurt by slowing global demand for electric vehicles. Tata Technologies provides engineering and technology services to automobile, aero and heavy machinery makers. Indian EV market leader Tata Motors is its parent and also its top client. Its consolidated profit after …

India’s Tata Technologies posts third straight drop in profit as EV demand slows Read More »

India’s Bharti Airtel posts bigger Q2 profit, boosted by higher tariffs

28 Oct 2024

(Reuters) -Bharti Airtel reported an over two-fold rise in its second-quarter profit on Monday, as the telecom operator’s first tariff hike in over two years boosted its revenue per user. India’s No.2 wireless carrier’s consolidated net profit jumped 168% to 35.93 billion rupees ($427.49 million) in the July-September quarter. Bharti Airtel had a one-time loss …

India’s Bharti Airtel posts bigger Q2 profit, boosted by higher tariffs Read More »

India’s Arvind Fashions posts higher Q2 profit on demand for premium brands

28 Oct 2024

(Reuters) – Indian retailer Arvind Fashions reported a 36.6% rise in second-quarter profit on Monday, aided by sustained demand for its premium clothing brands. The company, which retails clothing from international brands such as Arrow, Calvin Klein and Tommy Hilfiger, said its profit after tax rose to 300 million rupees ($3.6 million) for the quarter …

India’s Arvind Fashions posts higher Q2 profit on demand for premium brands Read More »

India’s Adani Power posts fall in Q2 profit before tax on muted power demand

28 Oct 2024

October 28 (Reuters) – Indian thermal power producer Adani Power reported a more than 20% fall in second-quarter profit before tax on Monday as demand remained muted. The company, part of billionaire Gautam Adani-led Adani Group, said its consolidated profit before tax fell to 41.34 billion rupees ($491.9 million) in the three months ended Sept. …

India’s Adani Power posts fall in Q2 profit before tax on muted power demand Read More »

Rupee closes flat after brief dip to all-time low amid rising US yields

28 Oct 2024

By Nimesh Vora and Siddhi Nayak MUMBAI (Reuters) -The Indian rupee ended flat on Monday, after briefly dipping to a lifetime low, pressured by the U.S. 10-year yield climbing to its highest since late July. The rupee dropped to a record low of 84.0850 to the dollar in afternoon trade, slipping past the previous low …

Rupee closes flat after brief dip to all-time low amid rising US yields Read More »

Close Bitnami banner
Bitnami