By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares fell on Wednesday, dragged by weakness in metals due to weak economic data from China and on jitters ahead of the U.S. Federal Reserve’s policy decision. The NSE Nifty 50 index was down 0.16% at 19,048.05 as of 10:32 a.m. IST, while the S&P BSE Sensex fell 0.21% …
Metals, banks lead drop in Indian shares; Fed decision eyed Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – India’s manufacturing growth slowed for a second straight month in October as demand eased, which alongside bigger increases in the cost of raw materials had an impact on business confidence, a private survey showed. The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, dropped to an eight-month low of …
India’s factory growth softened for the second month in October -PMI Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India’s sugar production is likely to fall 8% to 33.7 million metric tons in the 2023/24 marketing year, which starts on Oct. 1, a leading trade body said on Tuesday, as lower rainfall in key producing states could dent yields. Lower sugar production could lead the world’s second-largest producer of …
India braces for 8% sugar output dip as cane crop suffers- trade body Read More »
By Ashitha Shivaprasad (Reuters) – Gold eased on Tuesday but was set for its best month since March as the Israel-Hamas war sparked safe-haven flows, while focus shifted to this week’s U.S. central bank policy meeting. Spot gold slipped 0.8% to $1,980.71 per ounce by 2:30 p.m. ET (1830 GMT) after spiking as high as …
Mideast conflict sets up safe-haven gold for best month in seven Read More »
By Hritam Mukherjee and Sethuraman N R BENGALURU (Reuters) -India’s Larsen & Toubro (L&T) topped second-quarter profit estimates on Tuesday, helped by strong growth in its mainstay infrastructure projects segment. Consolidated net profit after tax rose 44.6% to 32.23 billion rupees ($387.08 million) in the three months ended Sept. 30, beating analysts’ average estimate of …
India’s Larsen & Toubro tops Q2 profit estimates on growth in infra projects Read More »
BENGALURU (Reuters) – SBI Cards and Payment Services and the retail unit of billionaire Mukesh Ambani’s Reliance are set to launch a co-branded credit card on India’s homegrown RuPay payment network, the companies said on Tuesday. The partnership marks Reliance’s foray into the credit card space and comes months after Ambani separately listed its financial …
India’s SBI Card ties up with Reliance’s retail arm for credit card Read More »
NEW DELHI (Reuters) -India’s fiscal deficit for the first six months of the financial year that started April 1 was 7.02 trillion Indian rupees ($84.35 billion), 39.3% of the estimate for the whole year, government data showed on Tuesday. April-September net tax revenues were 11.6 trillion rupees, or 49.8% of the annual estimate, higher than …
India’s fiscal deficit at 7.02 trln rupees in April-Sept Read More »
BENGALURU (Reuters) – India’s largest gas distributor GAIL (India) on Tuesday posted a bigger-than-expected rise in quarterly profit, buoyed by a boost in its gas transmission volume. The company’s net profit after tax rose more than 56% year-on-year to 24.05 billion rupees ($288.99 million) in the three months ending Sept. 30, beating analysts’ average estimate …
GAIL India posts Q2 profit beat on gas transmission volume strength Read More »
CHENNAI/BENGALURU (Reuters) – India’s Tata Consumer Products reported quarterly earnings above market expectations on Tuesday, as the salt maker’s margins got a boost from price increases it had implemented to counter rising raw material costs. Global consumer goods companies have raised prices of everything from noodles to salt over the last year to protect their …
India’s Tata Consumer beats Q2 profit estimates as price hikes boost margins Read More »
NEW DELHI (Reuters) – The Indian government has increased the windfall tax on petroleum crude to 9,800 Indian rupees ($117.70) per ton from 9,050 rupees per ton starting Wednesday, according to a government notification on Tuesday. The windfall tax on aviation turbine fuel that had been 1 rupee/liter has been removed, the notification said. The …
India hikes windfall tax on petroleum crude to 9,800 rupees/ton Read More »
