Reuters India Business

BENGALURU (Reuters) – State-owned miner Coal India said on Tuesday that it has raised prices of non-coking coal by 8% for high grades, effective May 31. The revision of prices will add an extra revenue of 27.03 billion rupees in the balance of the financial year ending March 2024, the miner said. Coal India said …

Coal India raises non-coking coal prices by 8% Read More »

BENGALURU (Reuters) – India’s Mankind Pharma Ltd on Tuesday reported a 43.4% surge in fourth-quarter profit in the Manforce condom-maker’s first earnings as a listed company, helped by lower input costs. The country’s fourth-largest pharmaceutical company by domestic sales said consolidated profit before tax climbed to 3.77 billion rupees ($45.6 million) for the three months …

India’s Mankind Pharma posts 43% jump in Q4 profit in first results since listing Read More »

BENGALURU (Reuters) – 3M India reported a 24% rise in quarterly profit on Tuesday, aided by robust demand in its transportation and electronics segment. Consolidated profit after tax rose to 1.36 billion rupees ($16.4 million) in the quarter ended March 31 from 1.11 billion rupees a year earlier. 3M India, which makes everything from ‘Scotch’ …

‘Post-it’ maker 3M India’s March-qtr profit rises on strong demand Read More »

By Aditya Kalra NEW DELHI (Reuters) – India’s aviation watchdog has put on hold requests from lessors to repossess planes from airline Go First as the carrier’s bankruptcy process imposes a freeze on assets which supersedes such requests, it said in a court filing. Go Airlines (India) Ltd filed for bankruptcy protection blaming “faulty” Pratt …

India aviation watchdog puts jet repo request from Go First lessors on hold Read More »

By Nidhi Verma NEW DELHI (Reuters) – India will look at building smaller oil refineries because of problems in acquiring land as it aims to raise its annual refining capacity to 9 million barrels per day (bpd), oil minister Hardeep Singh Puri said on Tuesday. Oil refining capacity in India, the world’s third biggest oil …

Future refineries in India may be smaller capacity – minister Read More »

By Ira Dugal and Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India (RBI) earned 2.35 trillion rupees ($28.4 billion) in net income for the fiscal 2023 on higher forex gains, up from 1.6 trillion rupees in the previous year, its annual report released on Tuesday showed. During the year, the central bank saw …

India cenbank says FY23 net income up; forex gains help Read More »

By Sethuraman N R MUMBAI (Reuters) – The Indian rupee inched lower on Tuesday, tracking the Chinese yuan-led decline on most Asian currencies, although losses were capped by portfolio inflows. The rupee was at 82.68 to the U.S. dollar by 10:46  a.m. IST, compared to 82.6250 on Monday. It had opened at 82.65 and has …

Indian rupee drops as yuan declines below 7.10/dollar Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Tuesday, aided by broad-based gains across sectors, on improved global cues after U.S. lawmakers reached a tentative debt ceiling deal over the weekend. The blue-chip Nifty 50 index was up 0.17% at 18,630.60 as of 10:47 a.m. IST, while the benchmark S&P BSE Sensex gained 0.11% …

Indian shares rise to five-month high on improved global cues Read More »