Reuters India Business

(Reuters) -Bharti Airtel, India’s second-largest mobile carrier by number of users, posted its sixth straight quarterly profit rise on Monday, as users upgraded to higher-margin 4G and 5G plans and on steady subscriber additions. Its consolidated net profit jumped 89% to 67.92 billion rupees ($772.74 million) for the three months ended September 30. Airtel’s industry-leading …

India’s Bharti Airtel posts surge in quarterly profit as higher-paying users grow Read More »

By Arpan Chaturvedi (Reuters) -India’s top court on Monday said the government can consider Vodafone Idea’s relief request for all of its adjusted gross revenue telecom (AGR) dues, according to a lawyer in the case, sending shares of the debt-laden firm up around 10% in the session. The Supreme Court said the relief could include …

India’s top court allows govt to consider Vodafone Idea’s relief request on AGR dues, lawyer says Read More »

(Reuters) -India’s Tata Consumer Products reported second-quarter earnings above expectations on Monday, helped by easing tea prices, a key commodity for the company. The company’s consolidated net profit rose 11% on-year to 4.04 billion rupees ($45.96 million) in the three months ended September 30, above analysts’ average estimate of 3.69 billion rupees, per data compiled …

India’s Tata Consumer beats quarterly profit view as tea prices stabilise Read More »

By Jaspreet Kalra MUMBAI(Reuters) -The Indian rupee spent much of Monday’s trading session within striking distance of its all-time low, but managed to hold above the level on the back of likely dollar-selling market intervention by the central bank. The rupee closed at 88.7775 against the U.S. dollar, nearly unchanged on the day and a …

Rupee lumbers near record low as central bank intervention holds the line Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks were little changed on Monday with analysts expecting consolidation after strong gains last month, while stock-specific reactions to quarterly earnings supported broader market activity. The Nifty 50 rose 0.16% to 25,763.35, while the BSE Sensex added 0.05% to 83,978.49. Thirteen of the 16 major …

India stock benchmarks flat on consolidation after October rally Read More »