By Rahul Paswan (Reuters) – Gold prices slipped to its lowest in over two weeks on Thursday as profit-taking kicked in after gold’s recent rally, while traders awaited U.S. economic data that could offer more cues on when the central bank will cut interest rates . Spot gold fell 1.4% to $2,364.57 per ounce by …
Gold hits over 2-week low as investors book profit; US data in focus Read More »
By Amlan Chakraborty PARIS (Reuters) – India’s athletes are being told that plenty of shut-eye could be the foundation for Olympic success and the team has roped in sleep therapist Monika Sharma to keep them at their sharpest in Paris. Sharma says her appointment might be groundbreaking for India but is in line with what …
Olympics-India get sleep doctor on board to put performance anxiety to bed Read More »
By Manoj Kumar and Nikunj Ohri NEW DELHI (Reuters) – India will not sign a global corporate tax deal focused on highly profitable multinational firms unless its concerns on dispute resolution and the treatment of withholding tax are addressed, a finance ministry official said on Thursday. The so-called “Pillar 1” arrangement, part of a 2021 …
India will not sign global tax deal until its concerns are addressed, official says Read More »
BENGALURU (Reuters) – Indian real estate company DLF Ltd posted a 4% fall in quarterly revenue on Thursday due to subdued launches, while higher prices dented sales in the National Capital Region, its primary market. The company’s consolidated revenue from operations fell to 13.62 billion rupees ($162.62 million) in the April-June quarter from 14.23 billion …
India’s DLF posts Q1 revenue fall as price hikes dampen demand Read More »
BENGALURU (Reuters) – India’s Tech Mahindra reported its smallest revenue fall in four quarters on Thursday, helped by its manufacturing and healthcare segments, as the company signalled the return of client spending in its key U.S. market. Consolidated revenue in the first quarter fell 1.2% to 130.05 billion rupees ($1.55 billion), beating analysts’ average estimates …
India’s Tech Mahindra beats Q1 revenue view, expects “better” FY25 Read More »
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – India’s IPO-bound Ola Electric has suspended its electric car launch plans as the Softbank-backed company wants to focus on its e-scooter business, two people with direct knowledge of the decision said. Ola’s founder Bhavish Aggarwal laid out plans in 2022 to launch an electric sports …
BENGALURU (Reuters) – India’s Cyient reported a drop in first-quarter profit on Thursday, hurt by greater than expected delays in project execution. The company reported consolidated profit of 1.44 billion rupees ($17.2 million) in the quarter ended June 30, down 14.4% from last year. For further earnings highlights, click KEY CONTEXT Cyient reported a 0.6% …
India’s Cyient posts Q1 profit drop on delays in project execution Read More »
(This July 24 story has been corrected to say that Axis is India’s third largest private bank, not fourth largest, in paragraph 1) By Dimpal Gulwani and Siddhi Nayak BENGALURU/MUMBAI (Reuters) – Axis Bank, India’s third-largest private bank by market capitalisation, reported a smaller-than-expected first-quarter profit on Wednesday as it set aside more funds for …
India’s Axis Bank misses Q1 profit view on higher provisions (July 24) Read More »
By Manvi Pant and Bharath Rajeswaran BENGALURU (Reuters) -Indian shares fell for a fifth straight session on Thursday as Axis Bank’s disappointing results added to the sour sentiment since the government raised taxes on equity trading. The NSE Nifty 50 fell 0.5% to 24,280.65 as of 10:00 a.m. IST, while the S&P BSE Sensex shed …
Indian shares on five-day losing run as Axis Bank adds to tax woes Read More »
BENGALURU (Reuters) – Jindal Steel and Power reported a drop in first-quarter profit on Wednesday as a string of higher expenses added to the dent caused by weak steel demand in a quarter that included the general elections. The steelmaker’s consolidated profit after tax fell 21% to 13.38 billion rupees (around $160 million) in the …
India’s Jindal Steel posts smaller Q1 profit as general elections hits demand Read More »
