By Deep Kaushik Vakil (Reuters) – Gold rose on Monday, regaining some ground after a retreat in the previous session and ahead of inflation data this week that could provide clues on the outlook for U.S. interest rates. Spot gold rose 0.2% to $2,021.50 per ounce by 2:22 p.m. ET (1822 GMT). U.S. gold futures were …
Gold regains ground with focus on US inflation data Read More »
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) -Authorities in India’s capital New Delhi have sought to quash Pernod Ricard’s court challenge against a decision to reject its city liquor licence, saying the French company did not meet the necessary requirements, a legal document showed. Pernod’s brands, which include Chivas Regal and Absolut vodka, …
Delhi city asks judge to quash Pernod’s liquor licence rejection appeal Read More »
By Shivangi Acharya NEW DELHI (Reuters) -India’s Financial Stability and Development Council (FSDC) considers the country’s banking system to be protected from any spillover from issues in the sector globally, the country’s economic affairs secretary said on Monday. Ajay Seth was speaking with reporters after the meeting of FSDC, which is chaired by the finance …
India says banking system sheltered from wider sector turmoil Read More »
By Arpan Chaturvedi and Aditi Shah NEW DELHI (Reuters) -Go Airlines on Monday called on India’s company law tribunal to urgently grant its request for bankruptcy protection, as more lessors sought to repossess planes and the country’s aviation regulator told the carrier to stop selling new tickets. The airline, widely known as Go First, filed …
Indian airline Go First seeks urgent bankruptcy protection, lessors step up pressure Read More »
BENGALURU (Reuters) – India’s Pidilite Industries Ltd, maker of adhesive brand Fevicol, on Monday reported a rise in fourth-quarter profit, helped by easing raw material costs and strong demand. The company’s consolidated net profit rose 11.3% to 2.83 billion rupees ($34.6 million) for the quarter ended March 31, it said in an exchange filing. Consolidated …
India’s Pidilite posts rise in Q4 profit on easing costs, strong demand Read More »
BENGALURU (Reuters) – Kansai Nerolac Paints Ltd reported a nearly four-fold surge in fourth-quarter profit on Monday, helped by an increase in demand for its decorative paints and a drop in some raw material costs. The paint maker’s consolidated net profit in the quarter ended March 31 rose to 937.7 million rupees ($11.5 million), from …
India’s Kansai Nerolac reports nearly 4-fold profit surge in Q4 Read More »
BENGALURU (Reuters) – Indian agriculture chemicals producer UPL Ltd reported a 42.6% fall in fourth-quarter profit on Monday, hurt by rising raw material costs. The herbicides and insecticides maker’s consolidated net profit fell to 7.92 billion rupees ($96.88 million) for the three months ended March 31 from 13.79 billion rupees a year earlier. The Mumbai-based …
Indian agri chemicals maker UPL’s Q4 profit falls 42% as costs surge Read More »
BENGALURU (Reuters) – Indian lead-acid battery maker Exide Industries Ltd reported a lower-than-expected quarterly profit on Monday, hurt by higher raw material costs. Exide’s net profit after tax was at 2.08 billion rupees ($25.45 million) for the quarter ended March 31, while analysts on average expected a profit of 2.52 billion rupees, according to Refinitiv …
India’s Exide Industries misses Q4 profit view on high costs Read More »
By Nidhi Verma NEW DELHI (Reuters) – India should ban the use of diesel-powered four-wheeler vehicles by 2027 and switch to electric and gas-fuelled vehicles in cities with more than a million people and polluted towns in order to cut emissions, an oil ministry panel is recommending. India, one of the biggest emitters of green …
India govt panel proposes ban on diesel 4-wheeler vehicles by 2027 Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares advanced on Monday, helped by a recovery in financials, strong domestic earnings, and on improved sentiment following robust economic data from the United States. The Nifty 50 was up 0.81% at 18,215.75 as of 10:04 a.m. IST, while the S&P BSE Sensex rose 0.87%. Eleven of the 13 …
Financials bounce back from Friday’s slide to lift Indian shares Read More »
