By Bharath Rajeswaran BENGALURU (Reuters) – Indian blue-chip shares fell on Monday, dragged by information technology (IT) and financial stocks, while investors awaited domestic retail inflation data for October. The NSE Nifty 50 index was down 0.29% at 19,469.90 as of 10:08 a.m. IST, while the S&P BSE Sensex fell 0.33% to 65,046.04. Benchmarks Nifty …
IT, financials lead drop in Indian shares; inflation data eyed Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares scaled three-week highs in a special one-hour “muhurat” trading session on Sunday to mark the festival of Diwali, led by gains in energy and information technology (IT) stocks. The blue-chip Nifty 50 index closed 0.52% up at 19,525.55 for its highest since Oct. 20 while the S&P …
Indian shares hit three-week highs in special Diwali session Read More »
By Ashitha Shivaprasad (Reuters) – Gold fell more than 1% on Friday and was headed for a second straight weekly decline as safe-haven demand eased while the hawkish stance from Federal Reserve Chair Jerome Powell added to the downside. Palladium tumbled to five-year lows below $1,000 an ounce, hastening a retreat triggered by expectations of …
Powell’s hawkish remarks push gold lower, palladium slumps Read More »
By Aditya Kalra NEW DELHI (Reuters) – India on Friday introduced a new draft broadcasting law to regulate the sector that will also apply to streaming giants such as Netflix, Disney and Amazon and calls for formation of individual content evaluation committees. Netflix and Amazon have become hugely popular in India, which is set to …
India proposes new law with self-certification for broadcasters, streaming giants Read More »
By Swati Bhat MUMBAI (Reuters) -Financial technology and data provider LSEG said on Friday it had resolved a technical incident that affected its Indian foreign exchange trading platform earlier in the day and was investigating what had happened. “Due to a technical incident that impacted some of LSEG’s client authentication services, some customers experienced issues …
LSEG says FX system briefly impacted by technical glitch, it is investigating Read More »
BENGALURU (Reuters) – India’s state-run Oil and Natural Gas Corp (ONGC) on Friday posted a more than 20% drop in second-quarter profit, dragged down by lower prices for crude oil. Crude prices have fallen more than 35% from their peak in the September quarter last year amid economic uncertainties and easing concerns over supply. The …
India’s ONGC posts 20% drop in quarterly profit on lower crude prices Read More »
BENGALURU (Reuters) -Life Insurance Corp of India’s second-quarter profit halved, it reported on Friday, hurt by a fall in income from insurance premiums and as it transferred a smaller amount to its shareholders’ fund for the period. LIC, India’s largest insurer, said profit after tax fell to 79.25 billion rupees ($951.4 million) in the second …
India’s LIC Q2 profit halves on lower premiums, shareholders’ fund transfer Read More »
HYDERABAD (Reuters) – India’s generic drugmaker Glenmark Pharmaceuticals reported a loss in the second quarter, hurt by exceptional costs related to a legal settlement and higher expenses. The company posted a consolidated net loss, from continuing operations, of 2.01 billion rupees ($24.14 million) for the three months ended Sept. 30, from a profit of 1.54 …
India’s Glenmark Pharma posts Q2 loss on exceptional legal costs Read More »
By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s industrial output rose 5.8% year-on-year in September, government data showed on Friday, lagging expectations on slower electricity and manufacturing growth, but economist remain optimistic on festive demand. Analysts in a Reuters poll had forecast an expansion of 7%. In August, output rose 10.3%. Industrial …
India’s Sept industrial output lags estimates on slower manufacturing Read More »
HYDERABAD/BENGALURU (Reuters) – Indian biopharmaceutical company Biocon reported a smaller-than-expected quarterly profit on Friday hurt by higher expenses. The company’s consolidated net profit rose to 1.26 billion rupees ($15.13 million) for the quarter ended Sept. 30 from 469 million rupees a year earlier. Analysts, however, had expected a profit of 1.77 billion rupees, according to …
India’s Biocon misses Q2 profit view on higher expenses Read More »
