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(Reuters) – Whirlpool forecast full-year sales and profit below analysts’ estimates on Monday, as the home appliance maker navigates pricing pressure from rivals and higher expenses, sending its shares down about 4% in extended trading. The white goods maker said it eliminated about $800 million in costs in 2023, and expects to cut up to …

Whirlpool shares slip after weaker-than-expected annual forecasts Read More »

BENGALURU (Reuters) – Tobacco maker Godfrey Phillips India reported higher third-quarter profit on Monday, driven by growth in its core market and easing expenses. The company reported a consolidated net profit of 2.12 billion rupees (~$26 mln) for the quarter ended Dec. 31, up 6.6% from last year. Total revenue from operations rose 34% to …

Marlboro India seller Godfrey Phillips’s Q3 profit up 7% Read More »

BENGALURU (Reuters) – Indian freight operating company Mahindra Logistics reported a loss for a fourth straight quarter, hurt by mounting costs and a persistent decline in its express cargo business amid stiff competition. The logistics arm of the tech-to-tractor conglomerate Mahindra Group posted a consolidated net loss after tax of 174.1 million rupees ($2.1 million) …

India’s Mahindra Logistics posts a loss for fourth straight quarter Read More »

BENGALURU (Reuters) – Restaurant Brands Asia, which operates Burger King and Popeyes chains in India and Indonesia, reported a narrower third-quarter loss on Monday, boosted by strong sales in the festive season. The company’s consolidated net loss narrowed to 361.8 million rupees ($4.4 million) in the three months ended Dec. 31, from 504.2 million rupees …

Burger King’s India operator posts narrower Q3 loss as sales jump Read More »

MUMBAI (Reuters) – Brokers and trading members in India’s equity market have divergent views on a proposal to extend trading hours for the derivatives segment, the chairperson of India’s markets regulator said on Monday. Brokers will firm up their opinion on the matter in a couple of months, after which investors will be consulted, Madhabi Puri Buch …

India brokers, traders differ on proposal to extend derivatives trading – markets regulator Read More »

(Reuters) – India allrounder Ravindra Jadeja and wicketkeeper-batsman KL Rahul will miss the second test match against England due to injuries, the Indian cricket board (BCCI) said on Monday. The BCCI has called up Sarfaraz Khan, Sourabh Kumar and Washington Sundar to replace them. “Jadeja sustained a hamstring injury during play on Day 4 of …

Cricket-India’s Jadeja, Rahul out of second test v England with injuries Read More »

By Amlan Chakraborty HYDERABAD, India (Reuters) – England vice-captain Ollie Pope’s batting masterclass in the opening test in Hyderabad has jolted India into a rethink of their plans ahead of the second test in Visakhapatnam this week. The hosts suffered only their fourth defeat in a home test in the last decade after Pope smashed …

Cricket-India go back to the drawing board after Pope cracks spin code Read More »

By Amlan Chakraborty HYDERABAD, India (Reuters) – India’s failure to make the most of perfect batting conditions in their first innings cost them the opening test against England, head coach Rahul Dravid said on Sunday. India posted 436 replying to England’s first-innings total of 246 for a sizeable first-innings lead of 190 at Rajiv Gandhi …

Cricket-India could not exploit perfect conditions in first innings, says coach Dravid Read More »

HYDERABAD, India (Reuters) – England beat India by 28 runs on day four of the opening test to go 1-0 up in the five-match series at Rajiv Gandhi International Stadium on Sunday. Chasing 231 for victory, India were all out for 202 with skipper Rohit Sharma (39) top-scoring for them. Tom Hartley was the pick …

Cricket-England beat India by 28 runs in opening test Read More »