BENGALURU (Reuters) – India’s Alembic Pharmaceuticals on Tuesday reported second-quarter profit roughly in line with estimates, as higher sales in its domestic and overseas markets offset a jump in expenses. The generic drugmaker’s consolidated net profit came in at 1.37 billion rupees ($16.5 million) for the quarter ended Sept. 30, up 3% from last year. …
India’s Alembic Pharma Q2 profit roughly in-line with estimates Read More »
By Shivam Patel NEW DELHI (Reuters) – India’s Supreme Court ordered authorities in the states surrounding New Delhi on Tuesday to stop farmers burning crop residue, as the air quality from smog engulfing the world’s most polluted capital during the past week reached hazardous levels. Air quality dips every year ahead of winter, when calm …
India’s top court tells states to stop crop burning as New Delhi’s air turns hazardous Read More »
By Manoj Kumar SAMALKHA, India (Reuters) – Small farmer Aashish Sharma has been burning crop stubble in recent days even though he is aware of its impact on air quality nearby and in New Delhi, the world’s most polluted capital located about three hours away by road. The air quality in Sharma’s village in Haryana …
Indian farmers carry on burning stubble despite cost to health Read More »
By Rupam Jain NEW DELHI (Reuters) – Two of five Indian states due to elect new legislatures this month began voting on Tuesday, a big test of Prime Minister Narendra Modi’s chances of winning a third term in a national election due by May. Modi and leaders of the main opposition Congress party headed by …
Indian states vote in key test for Modi and rivals ahead of 2024 general election Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to have a quiet opening on Tuesday amid a pause in the rally in Asian peers and a rebound in U.S. Treasury yields. Non-deliverable forwards indicate the rupee will open at around 83.22-83.24 to the U.S. dollar compared with 83.2150 in the previous session. …
Rupee to weigh pause in rally on Asian Fx, rebound in US yields Read More »
LONDON (Reuters) – Five schools, including a bilingual, integrated Jewish-Arab one in Jerusalem, triumphed at the World’s Best School prizes on Saturday for feats including fostering unity, helping the local community and supporting mental health. The winners, also in Brazil, Colombia, India and South Africa, shared a $250,000 prize at the awards, launched last year …
Schools in Jerusalem, Brazil and India among world’s best in global prizes Read More »
NEW DELHI (Reuters) -India’s Delhi city will restrict use of vehicles next week to curb rising pollution as air quality in the capital remained dangerously unsafe for a third consecutive day despite mitigation efforts. New Delhi ranks among the world’s top polluted cities every year ahead of the onset of winter, when calm winds and …
New Delhi to restrict use of vehicles to curb air pollution Read More »
BENGALURU (Reuters) – India’s Hindustan Petroleum Corp Ltd (HPCL) on Monday reported a higher-than-expected quarterly profit, as a ballooning marketing margin helped offset rising crude oil prices. The state-owned refiner reported a net profit of 51.18 billion rupees ($614.95 million) for the second quarter, compared with a loss of 21.72 billion rupees a year ago. …
India’s HPCL posts quarterly profit above estimates on strong marketing margins Read More »
BENGALURU (Reuters) – FSN E-Commerce Ventures, parent of cosmetics-to-fashion retailer Nykaa, on Monday reported its slowest quarterly revenue growth since listing, hurt by stiff competition in its mainstay beauty and personal care (BPC) segment. Consolidated revenue from operations grew 22.4% to 15.07 billion rupees ($181.17 million) in July-September, its slowest year-on-year percentage growth since the …
India’s Nykaa posts slowest revenue growth since listing amid stiff competition Read More »
CHENNAI (Reuters) – India’s Redington reported a 22% decline in quarterly profit on Monday, as the technology gadgets distributor grappled with a global slowdown in demand and higher expenses. Consolidated profit fell to 3.03 billion rupees ($36.42 million) in the second quarter from 3.87 billion rupees a year earlier. Total expenses jumped nearly 18% for …
India’s Redington posts 22% fall in quarterly profit on slow tech gadget demand Read More »
