Reuters India Business

BENGALURU (Reuters) – India’s Mahindra & Mahindra (M&M), on Wednesday, reported a 23% jump in adjusted profit for the first quarter, helped by an increase in sales of its sport utility vehicles (SUVs) and a rebound in demand for tractors. The company’s standalone net profit rose to 26.13 billion rupees ($312 million) in the quarter, …

India’s Mahindra & Mahindra posts bigger adjusted profit on strong car, tractor sales Read More »

BENGALURU (Reuters) -India’s Zee Entertainment Enterprises reported a first-quarter profit on Wednesday, led by growth in its subscriber base. The broadcaster reported a consolidated net profit of 1.18 billion rupees ($14.1 million) for the quarter ended June 30, compared with a loss of 534.2 million rupees a year ago. The company’s subscription revenue increased 9% …

India’s Zee Entertainment reports Q1 profit on subscriber growth Read More »

HANOI (Reuters) – India’s Adani Group is considering investing in two airports in Vietnam, the Vietnamese government said on Wednesday, weeks after the company revealed it had permission to build a seaport in the country. The government statement comes after a meeting in Delhi on the same day between Vietnamese Prime Minister Pham Minh Chinh …

India’s Adani Group considers investing in Vietnam’s airports Read More »

BENGALURU (Reuters) – India’s Ambuja Cements reported a smaller than expected fall in its first-quarter profit on Wednesday, as a tight lid on costs helped offset weak demand. The Adani group-company’s profit after tax slipped 12% to 5.71 billion rupees ($68.2 million) in the three months ended June 30, but stayed above analysts’ average estimate …

India’s Ambuja Cements Q1 profit falls less-than-expected Read More »

By Krishna N. Das and Saurabh Sharma NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi, smarting from setbacks in the April-June general election, is now being berated for last week’s budget by the country’s swing voters, the middle class, putting his party on the defensive ahead of polls in three states and a federal …

Analysis-As state polls loom, India’s Modi faces middle class ire over ‘back stabbing’ budget Read More »

By Dhwani Pandya and Jayshree P Upadhyay MUMBAI (Reuters) -Abu Dhabi Investment Authority and Qatar Investment Authority have invested in Adani Energy Solutions’ share sale in India of up to $1 billion, two sources said, its first such deal since a scathing report from short-seller Hindenburg Research last year. The deal marks Adani Group’s first …

Abu Dhabi, Qatar wealth funds back Adani Energy’s share sale of up to $1 billion, sources say Read More »

By Jayshree P Upadhyay MUMBAI/BENGALURU (Reuters) -India’s markets regulator on Tuesday proposed a series of measures to curb a trading frenzy in options, including raising the minimum trading amount by over three times, reducing the number of contracts expiring each week and hiking trading margins. The steps, which follow an increase in tax on derivative …

India markets regulator proposes slew of measures to curb options trading frenzy Read More »