BENGALURU (Reuters) -Consumer goods-maker Dabur India reported a rise in first-quarter profit on Thursday as easing inflation propped demand. The company’s consolidated net profit rose 5.4% year-on-year to 4.64 billion rupees ($56.1 million) in the quarter ended June 30. India’s annual retail inflation cooled to a more than two-year low in May as food costs …
Dabur India reports 5.4% rise in Q1 profit on stronger demand Read More »
BENGALURU (Reuters) – Sun Pharmaceutical Industries posted a nearly 2% fall in its first-quarter profit on Thursday, hurt by a rise in expenses. The company’s consolidated net profit after tax stood at 20.23 billion rupees ($244.4 million) for the quarter ended June 30, compared with 20.61 billion rupees a year earlier. Analysts, on average, had …
India’s Sun Pharma posts Q1 profit fall on higher expenses Read More »
CHENNAI (Reuters) – Indian tyremaker MRF reported a more-than-five-fold surge in first-quarter earnings on Thursday, beating estimates, as raw material prices eased and demand for higher-priced vehicles from consumers in urban areas held steady. Standalone profit from continuous operations jumped 417% to 5.81 billion rupees ($70.21 million) for the quarter ended June, from 1.12 billion …
India’s MRF reports five-fold jump in Q1 profit on cooling rubber prices, higher demand Read More »
MUMBAI (Reuters) – The Indian rupee extended its fall in afternoon trading on Thursday as broad risk aversion weighed on sentiment, pushing the local currency to its lowest level in more than two months. The rupee fell to a low of 82.7775 per dollar, its weakest since May 30, compared to its previous close of …
Indian rupee extends fall, hits over 2-month low on risk aversion Read More »
By Brijesh Patel (Reuters) – Gold prices slipped on Wednesday as the dollar rose and bond yields strengthened after data showed U.S. private payrolls increased more than expected in July. Spot gold was down 0.4% at $1,935.77 per ounce at 2:45 p.m. EDT (1845 GMT), after rising as much as 0.6% earlier on some safe-haven …
Gold retreats as dollar, bond yields resume climb Read More »
By Aditya Kalra, Arpan Chaturvedi and Munsif Vengattil NEW DELHI (Reuters) -Social media platform X is seeking to quash an Indian court ruling that it was not compliant with federal government orders to remove content, arguing it could embolden New Delhi to block more content and broaden the scope for censorship. X, formerly known as …
Musk’s X challenges India ruling on content blocking, cites censorship risk Read More »
BENGALURU (Reuters) -India’s Enforcement Directorate (ED) has recovered assets worth $3 million from Hero MotoCorp’s chairperson, Pawan Kant Munjal, and others, following a money-laundering investigation, the agency said on Wednesday. The agency’s probe follows complaints that 540 million rupees ($6.53 million) worth of foreign currency and other valuable items were illegally moved to offshore locations …
India’s ED recovers assets worth $3 million from Hero MotorCorp’s Munjal Read More »
By Nikunj Ohri NEW DELHI (Reuters) -India has decided to levy taxes on online gaming companies on the total funds deposited to play online games and not on every bet, federal Finance Minister Nirmala Sitharaman said on Wednesday, offering some relief to the industry. Last month, India decided to impose a 28% tax on funds …
India gives partial relief on tax to online gaming firms Read More »
BENGALURU (Reuters) – India’s Hindustan Petroleum Corp Ltd (HPCL) on Wednesday posted its biggest quarterly profit in more than a decade, aided by higher marketing margins and a fall in crude prices. The state-owned refiner posted a net profit of 62.04 billion rupees ($750.8 million) for the quarter ended June 30, its highest since March …
India’s HPCL posts biggest quarterly profit in a decade Read More »
HYDERABAD (Reuters) – India’s Mankind Pharma Ltd posted a 66% jump in June-quarter profit on Wednesday, its second quarterly results since listing in May this year, helped by strong domestic sales and continued growth in the company’s chronic drugs segment. The country’s fourth-largest pharmaceutical company by domestic sales said its profit rose to 4.94 billion …
Manforce condoms maker Mankind Pharma posts 66% jump Q1 profit Read More »
