BENGALURU (Reuters) -India’s Godrej Agrovet reported a 21% fall in third-quarter profit on Thursday, hurt by soft demand and inventory destocking. Consolidated net profit fell to 918.4 million rupees ($11.1 million) for the three months ended Dec. 31 from 1.16 billion rupees a year earlier, the company said in an exchange filing. The company’s overall …
India’s Godrej Agrovet posts drop in Q3 profit on lower demand Read More »
By Bhakti Tambe MUMBAI (Reuters) – DME Development, a wholly-owned subsidiary of state-run National Highways Authority of India (NHAI), plans to raise funds through its first-ever green bond issue, and has floated a proposal to appoint advisors and arrangers, three bankers said on Thursday. The company wants advisors to prepare a green bond framework and …
NHAI unit seeks advisors, arrangers for maiden green bond issue – bankers Read More »
BENGALURU (Reuters) – Pharmaceutical firm Abbott India reported a 26% rise in third-quarter profit on Thursday, as higher sales outpaced the impact of a pricing cap on certain medicines. The company, which makes popular antacid medicine Digene, said its profit rose to 3.11 billion rupees ($37.5 million) from 2.47 billion rupees a year earlier. Revenues …
Drugmaker Abbott India’s Q3 profit rises on strong demand Read More »
By Krishn Kaushik NEW DELHI (Reuters) – India’s government will maintain increased funding to build roads near its China border after spending 30% more on them this fiscal year than planned, it said on Thursday, citing tension between the two nuclear-armed neighbours. The countries have been in a military standoff since July 2020 when at …
India to keep spending on border roads after 30% budget overrun on China fears Read More »
VISAKHAPATNAM, India (Reuters) – Spinner Shoaib Bashir will make his test debut in the second match against India on Friday while James Anderson will replace Mark Wood as England’s lone fast bowler, the tourists said on the eve of the match. Off-spinner Bashir arrived late in India following a visa delay before joining the squad …
Cricket-Bashir to debut in Visakhapatnam, Anderson replaces Wood Read More »
(Corrects first paragraph to show Canada issued more than 650,000 study permits last year and not one million) By Wa Lone TORONTO (Reuters) -Canada on Monday announced a two-year cap on new international student permits after explosive growth in recent years aggravated the housing shortage. Last year Canada issued more than 650,000 study permits to …
Why is Canada capping foreign students and who will be impacted? Read More »
BENGALURU (Reuters) – Mankind Pharma, one of India’s leading condom makers, posted a bigger-than-expected rise in third-quarter profit on Wednesday, driven by strong domestic sales, especially in the company’s chronic drugs segment. The country’s fourth-largest pharmaceutical company by domestic sales said its consolidated profit rose 60% to 4.54 billion rupees (nearly $55 million) for the …
India’s Mankind Pharma beats Q3 profit estimates on strong demand Read More »
By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – India’s major wheat-growing areas in the north, as well as other parts of the country, could experience above normal temperatures in February, India’s state-run weather office said on Wednesday, raising concerns about crop yields. Unfavourable weather conditions in the world’s biggest wheat producer after China …
Above normal temperatures forecast for India’s wheat areas Read More »
By Krishn Kaushik NEW DELHI (Reuters) – India has deployed at least a dozen warships east of the Red Sea to provide security against pirates and has investigated more than 250 vessels as Western powers focus on attacks by Yemen’s Iran-backed Houthis, Indian officials said. India has not joined the U.S.-led task force for the …
India deploys unprecedented naval might near Red Sea to rein in piracy Read More »
BENGALURU (Reuters) – Indian battery maker Amara Raja Energy & Mobility, formerly named Amara Raja Batteries, posted a bigger-than-expected rise in quarterly profit on Wednesday, helped by strong demand from the automobile sector. The company’s net profit after tax rose 7.6% to 2.40 billion rupees ($28.9 million) in the three months to Dec. 31, beating …
Indian battery maker Amara Raja beats Q3 profit view on strong demand Read More »
