By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares fell on Wednesday as investors booked profits after a 5% rise in the benchmark Nifty 50 in fiscal 2024 so far while weak global cues amid debt ceiling negotiations in the U.S. weighed. The Nifty 50 was down 0.14% at 18,260.35 as of 9:48 a.m. IST, while the …
Indian shares slide on profit booking amid earnings rush Read More »
BENGALURU (Reuters) -Bharti Airtel Ltd, India’s No. 2 telecom carrier by subscribers, on Tuesday reported fourth-quarter revenue that fell short of analysts’ expectations, as 4G user growth and per-user revenue stagnated. The company’s consolidated revenue from operations rose to 360.09 billion rupees ($4.40 billion) for the quarter ended March 31, from 315 billion rupees a …
India’s Bharti Airtel misses Q4 revenue estimates on soft 4G user growth Read More »
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Senior Tesla Inc executives will meet Indian government officials on Wednesday and Thursday to discuss local procurement of parts and other issues, a source with direct knowledge of the matter told Reuters. The electric carmaker’s renewed interest in India comes nearly a year after it …
Tesla to meet Indian officials this week – source Read More »
MUMBAI (Reuters) – India’s monsoon rains, the lifeblood of the country’s economy, are likely to be delayed in 2023 and are forecast to hit the Kerala coast in the southwest on June 4, the state-run weather office said on Tuesday. The monsoon, the lifeblood of the country’s $3 trillion economy, delivers nearly 70 percent of …
India monsoon rains to arrive late, hit Kerala on June 4- weather office Read More »
BENGALURU (Reuters) – CCL Products (India) Ltd reported a 62% surge in quarterly profit on Tuesday, beating analysts’ estimates, boosted by rising sale of its instant coffee. Consolidated net profit rose to 852.9 million rupees ($10.43 million) for the three months ended March 31 from 527 million rupees a year earlier. Analysts, on average, expected …
CCL Products (India) beats Q4 profit view on higher instant coffee sales Read More »
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) -Pilots at India’s Go First face delays getting paid due to the airline’s bankruptcy process and want the government to allow them to take up new jobs without serving long notice periods, a group representing the pilots said in a letter seen by Reuters. In the …
Pilots seek Indian government help to quit Go First Read More »
BENGALURU (Reuters) – Granules India reported a 7.8% rise in fourth-quarter profit, spurred by strong growth in its business of making active pharmaceutical ingredient (API) for drugs. The company’s consolidated net profit rose to 1.20 billion rupees ($14.7 million) in the quarter ended March 31, from 1.11 billion rupees a year earlier. Granules’s consolidated revenue …
Granules India’s profit boosted by drug ingredient making business Read More »
BENGALURU (Reuters) – India’s Jubilant Ingrevia Ltd on Tuesday reported an almost 24% slump in fourth-quarter profit as lower chemicals price and sustained challenges in the supplements business dented revenue. Consolidated net profit fell to 523.1 million rupees ($6.4 million) for the three months ended March 31 from 685.9 million rupees a year earlier, marking …
India’s Jubilant Ingrevia posts Q4 profit slump as supplements faced headwinds Read More »
By Sethuraman N R MUMBAI (Reuters) – The Indian rupee on Tuesday saw its first gain in four sessions as a slightly weaker dollar and improving economic data supported the local currency. The rupee closed at 82.2050 against the U.S. dollar, up from 82.2950 in the previous session. The rupee had dropped to a six-week …
Indian rupee snaps 3-day losing streak on softer dollar Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares declined on Tuesday, dragged by slide in financials, overlooking favourable domestic inflation data and persistent foreign institutional buying in equities. The Nifty 50 closed 0.61% down to 18,286.50, while the S&P BSE Sensex fell 0.66% to 61,932.47. Ten of the 13 major sectoral indexes declined with high weightage …
Financials drag Indian shares lower amid earnings rush Read More »
