By Deep Kaushik Vakil (Reuters) – Gold extended declines on Thursday after more strong economic readings from the U.S. further soured bets that the Federal Reserve may ease up on interest rates hikes, with bullion also pressured by optimism for a debt ceiling deal. Spot gold fell 1.3% to $1,956.79 per ounce by 1:40 p.m. …
Gold slides as robust US data drives hawkish Fed bets Read More »
BENGALURU (Reuters) -Private equity firm Everstone Capital is in talks to sell its roughly 41% stake in Restaurant Brands Asia Ltd, the master franchisee of Burger King in India and Indonesia, CNBC Awaaz reported on Thursday. The Singapore-headquartered buyout firm is in talks with Jubilant Foodworks, which operates Domino’s Pizza in India, as well as …
Everstone in talks to sell stake in India’s Burger King franchisee – report Read More »
NEW DELHI (Reuters) – The Indian government wants Go Airlines (India) Ltd flights to resume as soon as possible, the civil aviation minister said on Thursday, a week after the troubled low-cost carrier was granted bankruptcy protection. Recently rebranded as Go First, India’s sixth largest airline filed for bankruptcy protection earlier in May blaming its …
India government wants Go First flights to resume as soon as possible -minister Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian gas utility GAIL (India) Ltd sees local gas demand growing by 6%-7% in the fiscal year to March, driven by lower prices and the resumption of supply under a deal with the former unit of Russia’s Gazprom, its chairman said on Thursday. Gas consumption in India fell …
Lower gas prices to push up India’s FY24 gas demand by 7%- GAIL Chair Read More »
BENGALURU (Reuters) – India’s United Spirits Ltd, which makes the Johnny Walker brand of whiskey, reported a 7.3% rise in fourth-quarter profit on Tuesday helped by narrowing costs that more than offset slowing demand. The Bengaluru-based company, which also sells brands such as McDowell’s No 1, Smirnoff, and Vat 69, reported a profit of 2.04 …
India’s United Spirits Q4 profit rises 7% on lower expenses Read More »
BENGALURU (Reuters) – Footwear maker Bata India Ltd reported a better-than-expected quarterly profit on Thursday as raw material costs softened and demand for brands such as Hush Puppies and Comfit rose. Consolidated profit at the Netherlands-based Bata BN’s flagship rose to 656.23 million rupees ($8.02 million) in the three months ended March 31, from 629.6 …
Footwear maker Bata India’s Q4 profit rises on lower costs, higher demand Read More »
By Aditi Shah and Nandan Mandayam BENGALURU (Reuters) -IndiGo, India’s biggest airline, aims to double its capacity by the end of the decade by expanding its network in the country and flying to new international destinations, its chief executive officer told analysts on Thursday. Air travel has recovered strongly from the impact of COVID-19, although …
Indian carrier IndiGo plans to double capacity by end of decade Read More »
By Shivangi Acharya, Aditi Shah and Aftab Ahmed NEW DELHI (Reuters) – India and Britain are struggling to make progress in free trade talks due to differences on some key tariff lines and investment protection rules, making a deal unlikely during Prime Minister Narendra Modi’s second term ending next year, Indian sources said. The two …
Exclusive-India, UK still far apart on free trade deal – sources Read More »
By Aditi Shah, Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -Tesla Inc has held discussions with officials about incentives being offered by India for car and battery manufacturing, said a person with direct knowledge of the talks, as the automaker looks anew at entering the Indian market. The U.S. electric car maker has proposed …
Tesla held talks with India on auto incentives, battery making -source Read More »
(Reuters) – GAIL (India) Ltd, the country’s largest gas distributor, reported a 77.5% slump in its quarterly profit on Thursday, dented by weakness in its petrochemicals segment. The company’s standalone profit after tax slumped to 6.04 billion rupees ($73.86 million) in the quarter ended March 31, from 26.83 billion rupees a year earlier. The state-owned …
Gail India’s profit slumps 77% as petrochemicals drag, expenses jump Read More »
