BENGALURU (Reuters) -India’s Income Tax Department is conducting a survey at Exide Industries’ offices and manufacturing units, the battery maker said on Thursday. Exide said it is cooperating with authorities and that the move has not had any material impact on its business operations. The company, which was scheduled to release its second-quarter results on …
India tax authority conducts survey at Exide Industries Read More »
By Rajendra Jadhav MUMBAI (Reuters) -Rising gold prices are spurring Indian investors to buy bars and coins, with record purchases worth $10 billion in the September quarter lifting their share of total consumption to an all-time high, the World Gold Council said on Thursday. Gold has become a mainstream asset as investors diversify portfolios and …
India’s gold investment demand surges above $10 billion in Sept qtr, says WGC Read More »
NEW DELHI (Reuters) -Air India’s low-cost subsidiary, Air India Express, is targeting a doubling of capacity in the next four to five years, with expansion plans for a fleet of more than 200 aircraft, Managing Director Aloke Singh said on Thursday. The airline’s domestic capacity would grow faster than short-haul international seats in coming years, …
Air India Express aims to double capacity in four to five years Read More »
(Reuters) -Global gold demand rose by 3% year-on-year to 1,313 metric tons, the highest quarterly number on record, in the third quarter as investment demand soared, the World Gold Council said on Thursday. Spot gold prices are up 50% so far this year after hitting a record high of $4,381 a troy ounce on October …
Global gold demand climbs 3% to quarterly record as investment soars, WGC says Read More »
(Reuters) -Indian state-run refiner Hindustan Petroleum (HPCL) reported a rise in second-quarter profit on Wednesday, reflecting higher refining margins across its operations. Standalone net profit rose more than six fold to 38.3 billion rupees ($435.75 million) in the three months ended September. HPCL’s gross refining margin – the profit from making refined products from one …
India’s HPCL reports surge in quarterly profit on strong refining margins Read More »
(Reuters) -Shares of Indian generic drugmaker Dr Reddy’s Laboratories declined more than 5% on Thursday, after the firm received a non-compliance notice for its semaglutide injection in Canada, which analysts say could delay its launch. The shares fell as much as 5.6% to 1,180.9 rupees as of 9.25 a.m. IST and were the top losers …
India’s Dr Reddy’s falls as weight-loss drug faces regulatory setback in Canada Read More »
By Nidhi Verma HYDERABAD, India -Indian Oil plans to sign a deal early next year to form a joint venture with global trader Vitol as the state-run refiner seeks to expand its footprint in international crude and fuel trading, according to a source with direct knowledge of the matter. The move marks a strategic shift …
Indian Oil to team up with Vitol in global trading push, source says Read More »
MUMBAI (Reuters) -India has imposed a 30% import duty on yellow peas, effective November 1, according to a government notification issued late on Wednesday. Shipments with a bill of lading dated on or before October 31, 2025, will be exempt from the duty, the order said. The government had earlier allowed duty-free imports of yellow …
India to impose 30% import duty on yellow peas from November 1 Read More »
(Reuters) -Agrichemicals company FMC Corp on Wednesday forecast lower-than-expected adjusted profit for the year after reporting a third-quarter loss, sending its shares down more than 20% in extended trading. Earlier this year, the company said it would divest its commercial business in India, in response to challenges in the country. FMC’s India business divestiture and …
(Reuters) -Indian stock broking platform Groww is targeting a valuation of about 617 billion rupees ($7.02 billion) through its IPO that is set to open for bids next week, as it looks to capitalise on a surge in retail investors accessing the securities markets. The IPO comes as first-time investors using mobile platforms such as …
Indian stock broker Groww aims for $7 billion valuation in IPO Read More »
