(Reuters) – Eveready Industries India Ltd on Friday said September quarter profit more than halved, hit by a charge related to a loan repayment and higher input costs. Consolidated profit for the three months ended Sept. 30 fell to 147.3 million Indian rupees ($1.79 million) from 310.4 million rupees a year earlier, it said in …
India’s Eveready Q2 profit tanks hit by a charge, higher costs Read More »
BENGALURU (Reuters) – Generic drugmaker Dr Reddy’s Laboratories Ltd reported a 12.2% rise in second-quarter profit on Friday, helped by the launch of the generic version of a popular cancer drug in its key North American market. Profit rose to 11.13 billion Indian rupees ($135 million) in the three months ended Sept. 30 from 9.92 …
India’s Dr Reddy’s Labs profit jumps 12% on strong U.S. sales Read More »
MUMBAI (Reuters) – India’s foreign exchange reserves fell to $524.52 billion in the week through Oct. 21 to remain at their lowest since July 2020, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday. The rupee hit a record low of 83.29 per dollar in that turbulent week, and traders said the …
India’s forex reserves drop to lowest since July 2020 Read More »
By Nikunj Ohri (Reuters) – Life Insurance Corp of India (LIC) is planning to transfer nearly $22 billion from policy holders’ funds into a fund earmarked to pay dividends or issue bonus shares, two sources said on Friday, as the country’s largest insurer aims to shore up both its own net worth and investor confidence. …
India’s largest insurer LIC plans changes to revive battered stock – sources Read More »
BENGALURU (Reuters) – Indian metals-to-oil conglomerate Vedanta Ltd reported a 60.8% slide in quarterly profit on Friday, on cooling global commodity prices and a surge in fuel and power expenses. Vedanta’s consolidated net profit fell to 18.08 billion Indian rupees ($219.27 million) for the quarter ended Sept. 30 from 46.15 billion rupees a year earlier, …
India’s Vedanta profit drops 61% as metal prices fall, expenses surge Read More »
(Reuters) – Indian batter Suryakumar Yadav said his partnership with Virat Kohli had been forged by mutual respect for each other’s style after the pair guided their team to a 56-run win over the Netherlands in the Twenty20 World Cup on Thursday. Kohli’s superb 62 not out was his second successive unbeaten half-century after a …
Cricket-India’s Suryakumar relishes growing partnership with Kohli Read More »
LONDON (Reuters) – Britain’s new prime minister Rishi Sunak on Thursday described himself as a “visual representation” of historic links between Britain and India, during a call with his Indian counterpart Narendra Modi, Sunak’s office said. Sunak, Britain’s first leader of Indian descent, also conveyed his hope to Modi that the two nations could continue …
UK PM Rishi Sunak says he’s a ‘visual representation’ of links with India Read More »
LONDON (Reuters) – British Foreign Secretary James Cleverly will travel to India to meet India’s Minister of External Affairs Subrahmanyam Jaishankar and discuss strengthening diplomatic ties, Britain’s foreign office said on Thursday. He will arrive in Mumbai on Friday and travel to New Delhi on Saturday. (Reporting by William James; editing by Muvija M)
MUMBAI (Reuters) – India’s foreign minister Subrahmanyam Jaishankar will visit Russia on November 8, the Russian embassy in India said on Thursday. “On November 8 in Moscow, Russian FM Sergey #Lavrov will have talks with External Affairs Minister of India Dr S.Jaishankar,” the Russian embassy in India said on its Twitter handle, quoting Russian Foreign …
Indian foreign minister to visit Russia on Nov 8 – embassy Read More »
BENGALURU (Reuters) – Tata Chemicals Ltd on Thursday reported a second-quarter profit that nearly tripled, helped by a strong performance in its basic chemistry products segment. The chemical manufacturer’s consolidated net profit for the three months ended Sept. 30 came in at 6.28 billion Indian rupees ($76.17 million), compared with 2.21 billion rupees a year …
