By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee dipped on Friday but held above its record low and ended slightly higher on the week as frequent interventions by the Reserve Bank of India supported the currency in the face of outflows and persistent dollar demand from importers. The rupee settled at 88.66 against the U.S. …
Rupee nudges up on week as central bank intervention holds the line Read More »
(Reuters) -Indian drugmaker Lupin posted a 73.3% jump in second-quarter profit on Thursday, driven by strong demand for its respiratory drugs. The firm, which produces complex biosimilars drugs and active pharmaceutical ingredients, reported consolidated net profit of 14.78 billion rupees ($168.16 million) for the quarter ended September 30, from 8.53 billion rupees a year ago. …
India’s Lupin posts surge in quarterly profit on strong respiratory drugs demand Read More »
(Reuters) -Indian drugmaker Divi’s Laboratories reported second-quarter profit above analysts’ estimates on Friday, helped by its business that focuses on customised production of chemical compounds used in drugs. Consolidated net profit rose to 6.89 billion rupees ($78.39 million) in the quarter ended September 30 from 5.10 billion rupees a year earlier, the Hyderabad-based company said. …
Indian drugmaker Divi’s beats profit view for second quarter on API boost Read More »
(Reuters) -Venky’s India swung to a loss in the second quarter as lower pricing in its poultry business led to shrinking margins, sending shares down 7.4% after the results. The Pune-based poultry firm reported a net loss of 265.3 million rupees in the quarter ended September 30, compared to a profit of 77.6 million rupees …
Venky’s India swings to a loss in second quarter on weak poultry pricing Read More »
(Reuters) -India’s Hindalco Industries beat quarterly profit estimates on Friday as firmer commodity prices helped offset tariff-related pressure at its U.S. unit Novelis. The Aditya Birla Group-owned firm, one of India’s biggest aluminium and copper producers, posted a 21.3% rise in consolidated net profit to 47.41 billion rupees ($539.4 million) for the three months ended …
India’s Hindalco beats quarterly profit estimates on higher commodity prices Read More »
By Rajendra Jadhav and Ishaan Arora (Reuters) -Physical gold demand in India remained subdued this week as volatile prices deterred buyers from making purchases and prompted dealers to offer steep discounts to lure them, while demand cooled in China on changing tax regulations. Indian dealers were offering a discount of up to $14 per ounce …
India discounts widen as demand slackens post-festivals; China activity cools Read More »
By Sethuraman N R NEW DELHI (Reuters) -India’s rapid renewable energy rollout is straining grid operations and contributing to rising electricity supply costs as demand growth has not kept pace, a senior official at the Central Electricity Authority (CEA) said on Friday. India’s renewable power output rose at its fastest pace since 2022 in the …
By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -Aggressive pricing on bonds issued by India’s largest lender is spurring state-run peers to plan similar debt issuances worth around $1 billion in the coming weeks, four merchant bankers told Reuters on Friday. Punjab National Bank , Canara Bank , Bank of India , Indian Bank , …
(Reuters) -India’s top court said on Friday that a preliminary report on an Air India crash that killed 260 people in June does not insinuate anything against the captain, but it will hear a plea from the pilot’s father on November 10 for an independent probe. The plea by 91-year-old Pushkar Raj Sabharwal for an …
India’s top court says Air India crash report does not insinuate anything against pilot Read More »
By Bharath Rajeswaran (Reuters) -India’s financial stocks captured the lion’s share of foreign portfolio investor inflows in October, as overseas funds returned to the market after three straight months of selling. Net foreign inflows into Indian equities rose to a five-month high of 146.10 billion rupees ($1.66 billion) in October, data from the National Securities …
Financials top pick as foreigners return to India’s share market Read More »
