NEW DELHI (Reuters) – German Economy Minister Robert Habeck on Friday said agriculture should be excluded from a free trade deal between the European Union and India in order to speed up negotiations for an agreement. Habeck is in India with a high-level German government delegation. The EU and India have tried to secure a …
Exclude farming from EU-India trade deal, German minister says in New Delhi Read More »
By Manvi Pant (Reuters) -India’s JSW Steel reported a bigger-than-expected slide in second-quarter profit on Friday hurt by weak domestic prices and muted demand and cut its capex spending for the current fiscal year. The country’s biggest steelmaker by market cap reported a six-fold decline in profit to 4.39 billion rupees ($52.23 million) for the …
India’s JSW Steel posts bigger-than-expected Q2 profit drop, cuts capex Read More »
(Reuters) – India’s Shriram Finance reported an 18% jump in second-quarter profit on Friday, propelled by robust growth in its key lending segments. The company reported a standalone net profit of 20.71 billion rupees ($246.4 million) for the quarter ended Sept. 30, compared to 17.51 billion rupees a year ago. The standalone results do not …
India’s Shriram Finance posts higher Q2 profit on strong loan demand Read More »
By Bharath Rajeswaran and Hritam Mukherjee (Reuters) -Indian shares logged their longest weekly losing run since August 2023 on Friday, intensifying a broad-based selloff as foreign investors continued to flee and lacklustre corporate earnings further bogged down sentiment. The NSE Nifty 50 fell 2.7% this week and BSE Sensex dropped 2.2%, logging losses for the …
Indian shares log worst weekly run in 14 mths on foreign outflows, frail earnings Read More »
(Reuters) – India’s Orient Electric reported a 43% fall in second-quarter profit on Friday, hurt by surging expenses and a bleak demand for fans and coolers during the monsoon season. Orient Electric, which sells fans, coolers and water heaters, said profit fell to 104.4 million rupees ($1.2 million) in the quarter ended Sept. 30 from …
India’s Orient Electric reports Q2 profit slump as expenses bite Read More »
(Reuters) – Mahindra Holidays and Resorts India reported a 35% fall in its second-quarter profit on Friday, bogged down by weak sentiment towards international travel. Shares of the company, which offers resorts and sightseeing packages through its ‘Club Mahindra’ membership and generates revenue through membership fees, fell about 3% after the results. Mahindra Holidays’ consolidated …
India’s Mahindra Holidays posts lower Q2 profit as international travel slows Read More »
By Shivangi Acharya and Christian Kraemer NEW DELHI (Reuters) -German Chancellor Olaf Scholz wants to deepen defence ties with New Delhi and bring the two countries’ militaries closer, he said on Friday, after meeting Indian Prime Minister Narendra Modi. Germany has not traditionally had close defence ties with India, but is now pitching to join …
Germany, India look to boost ties on defence, green energy Read More »
(Reuters) – India’s Jubilant Pharmova reported a 64.5% rise in second-quarter profit on Friday, driven by a strong demand for its drugs with radioactive ingredients, used to treat cancer and other diseases. Consolidated net profit rose to 1.03 billion rupees (about $12 million) in the quarter ended Sept. 30 from 625 million rupees a year …
India’s Jubilant Pharmova posts bigger Q2 profit on strong demand Read More »
(Reuters) – The Reserve Bank of India said on Friday it has revoked authorisation to Dubai-based UAE Exchange Centre to act as a payment system operator due to non-compliance with regulatory requirements. (Reporting by Chris Thomas in Bengaluru; Editing by Mrigank Dhaniwala)
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hovered close to its lifetime low on Friday as sustained foreign outflows from domestic stocks kept the currency under pressure, with benchmark Indian equity indexes headed for the fourth weekly decline on the trot. The rupee was at 84.07 against the U.S. dollar as of 10:45 …
Rupee lingers near all-time low as equities remain under pressure Read More »
