COPENHAGEN (Reuters) -Danish shipping company Maersk said on Thursday its APM Terminals unit may invest around $2 billion in the Pipavav Port in western India. Maersk said in a statement it had signed a memorandum of understanding with the Gujarat Maritime Board on increasing capacity at the port. “Subject to a long-term concession agreement with …
Maersk’s APM Terminals eyes $2 billion investment in Indian port Read More »
By Kashish Tandon and Meenakshi Maidas (Reuters) -Hyundai Motor India said it is on track to exceed its export targets for fiscal year 2026, adding heft to the carmaker’s efforts to build the country as its global export hub, while also beating second-quarter profit views on Thursday. The automaker, India’s third-largest by sales and second-largest …
Hyundai India set to top fiscal year export targets, beats quarterly profit view Read More »
(Reuters) -Indian firm Megha Engineering & Infrastructures said on Thursday it has bought a thermal power plant in the southern state of Tamil Nadu from Abu Dhabi’s TAQA to expand its power generation portfolio. The deal entails MEIL Energy, an unit of Megha, to take control of TAQA Neyveli Power Company, which owns the coal …
Indian firm Megha’s unit buys coal plant from Abu Dhabi’s TAQA Read More »
By Rishika Sadam and Kashish Tandon (Reuters) -Cipla’s global chief executive and managing director, Umang Vohra, will step down at the end of March after almost a decade in the top role, the Indian drugmaker said on Thursday. Achin Gupta, the firm’s global chief operating officer, will take over from April 1, 2026 for five …
Indian drugmaker Cipla’s global CEO Umang Vohra to step down, COO to take over Read More »
(Reuters) -Indian consumer goods maker Dabur reported a smaller-than-expected rise in second-quarter profit on Thursday due to a temporary sales disruption after the government announced sweeping cuts to goods and services taxes (GST). The company’s consolidated net profit for the September quarter rose 6.5% to 4.53 billion rupees ($51.5 million) from a low base, falling …
India’s Dabur posts quarterly profit miss as consumption tax cuts disrupt sales Read More »
BENGALURU (Reuters) -India’s IIFL Home Finance named Girish Kousgi, former chief executive and managing director of PNB Housing Finance, as its new CEO and MD, effective Thursday, succeeding Monu Ratra. Kousgi has nearly three decades of experience in the banking and financial services industry. He is seen driving PNB Housing’s push into the affordable housing …
India’s IIFL Home Finance names veteran Girish Kousgi as CEO, MD Read More »
(Reuters) -Gillette India posted an 8% rise in profit for the quarter ended September 30 on Thursday, on sustained demand for its grooming products like shaving razors and creams. The company, owned by Procter & Gamble, posted a profit of 1.44 billion rupees ($16.38 million), compared with 1.33 billion rupees a year ago. With self-care …
Gillette India’s quarterly profit rises on demand for grooming products Read More »
By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee slid to its lowest in two weeks on Thursday as outflows worsened the hit from a hawkish tilt in Federal Reserve policy, which sent the dollar and U.S. Treasury yields higher. The rupee closed at 88.6950 against the U.S. dollar, down 0.6% on the day, after touching …
India rupee falls to fortnightly low on Fed’s hawkish jolt, outflows Read More »
By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Indian shares fell on Thursday as investor sentiment cooled after Federal Reserve Chair Jerome Powell raised doubts over a December rate reduction following a 25-basis-point cut, while caution over the U.S.-China deal weighed on other Asian markets. The Nifty 50 fell 0.68% to 25,877.85 and the BSE …
Indian shares drop on caution over US rate trajectory, Trump-Xi trade deal Read More »
By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE (Reuters) -State-run refiner Indian Oil is seeking more oil from the Americas while Mangalore Refinery and Petrochemicals (MRPL) has bought Abu Dhabi crude to replace Russian oil, according to traders and a document reviewed by Reuters on Thursday. Many Indian refiners paused new orders for Russian oil …
Indian refiners tap spot markets to replace Russian supply, sources say Read More »
