By Bharath Rajeswaran and Hritam Mukherjee BENGALURU (Reuters) -Indian shares reversed course to trade higher on Monday as heavyweight financials stocks rose and as the impact of U.S. short-seller Hindenburg Research’s fresh report was largely limited to the 10 Adani group stocks. The NSE Nifty 50 index was up 0.26% at 24,429.55, as of 11:58 …
Financials lead recovery in Indian shares; Adani stocks fall Read More »
MUMBAI (Reuters) – The Indian central bank was likely selling dollars on Monday to support the rupee, which was holding just shy of its lifetime low, four traders told Reuters. The rupee was at 83.9650 to the dollar, within striking distance of the 83.9725 all-time low hit last Wednesday. In all probability, the Reserve Bank …
Indian central bank likely selling dollars at 83.97 to support rupee, traders say Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) -Indian automaker Mahindra & Mahindra and China’s Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi’s approval, sources told Reuters. A majority stake in the proposed manufacturing venture will be owned …
Exclusive-India’s Mahindra seeks nod for $3 billion Shaanxi JV, sources say Read More »
BENGALURU (Reuters) -Jubilant FoodWorks, Domino’s Pizza’s Indian franchisee, reported a near two-fold increase in first-quarter profit on Friday, as value meals attracted budget-conscious customers. Consolidated net profit rose to 558 million rupees ($6.65 million) for the quarter ended June 30, from 289.2 million rupees a year earlier, it said in an exchange filing. Persistently high …
Domino’s India franchisee Jubilant reports two-fold surge in Q1 profit Read More »
BENGALURU (Reuters) – Berger Paints India reported first quarter profit above estimates on Friday, helped by lower tax expenses. The company reported consolidated net profit of 3.54 billion rupees ($42.2 million) for the April-June period, largely unchanged from year ago, but above analysts’ average estimate of 3.42 billion rupees as per LSEG data. Tax expenses …
Berger Paints India beats Q1 profit estimates on lower taxes Read More »
DELHI/BENGALURU (Reuters) – Some overseas lenders to India’s Byju’s have appealed to the country’s apex court opposing a verdict that had quashed insolvency proceedings against the embattled education startup. U.S.-based Glas Trust, representing some lenders of a Byju’s group company, on Aug. 7 filed an appeal before India’s Supreme Court, challenging an appeals tribunal’s verdict …
Byju’s US lenders appeal insolvency-quashing order before India’s top court Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee logged its sixth straight weekly fall but ended little changed on Friday, as corporate dollar demand offset the impact of a rebound in regional currencies and bets of central bank intervention. The rupee closed at 83.9550 to the U.S. dollar, slightly up from its previous close …
Rupee ends little changed despite Asia rebound; logs sixth weekly fall Read More »
By Neha Arora NEW DELHI (Reuters) – Indian steelmakers want the government to soften proposed import restrictions on metallurgical coke, a key ingredient in steelmaking, saying the curbs will hit steel mills’ capacity expansion, a letter from the Indian Steel Association, seen by Reuters on Friday, said. India, the world’s second-biggest producer of crude steel, …
Indian steelmakers seek to soften proposed import curbs on key raw material Read More »
By Helen Reid PARIS (Reuters) -Arshad Nadeem won gold in the Olympic men’s javelin on Thursday, beating defending champion Neeraj Chopra of India to clinch Pakistan’s first Olympic medal in athletics. Nadeem threw his arms up in celebration after breaking the Olympic record on his second throw with a stunning 92.97 metres that put him …
Olympics-Athletics-Nadeem wins javelin gold for Pakistan Read More »
By Forrest Crellin PARIS (Reuters) -India beat Spain 2-1 to win bronze in men’s hockey at the Paris Olympics on Thursday as skipper Harmanpreet Singh scored twice to put his side in front after they fell behind in a tournament where his heroics proved decisive in all of their wins. The win gave India’s their …
Olympics-Hockey-India beat Spain to secure second consecutive bronze medal Read More »
