NEW DELHI (Reuters) – India’s Jindal Stainless is targeting increasing sales in Canada if the North American country imposes duties on Chinese products, Managing Director Abhyuday Jindal said on Thursday. “If this duty comes on China then we will be able to push even more volumes into Canada,” Jindal said at a post-results news conference. (Reporting by Neha …
India’s Jindal Stainless eyes higher sales in Canada Read More »
(Reuters) – Wipro, India’s fourth-largest software company, posted higher-than-expected second-quarter revenue on Thursday, helped by a revival in spending by its clients in the U.S. communications sector. The company’s consolidated revenue fell 1% to 223.02 billion rupees ($2.65 billion) in the July-September quarter, but was above analysts average estimate of 222.58 billion rupees, as per …
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Bank of Thailand (BOT) will hold its key interest rate at 2.25% at its final policy meeting for the year in December, following an unexpected 25-basis-point cut on Wednesday, according to economists in a Reuters snap poll. While the BOT’s decision on Wednesday to cut rates – …
Bank of Thailand to hold rates at 2.25% for rest of this year, cut in Q1: Reuters poll Read More »
By Saurabh Sharma LUCKNOW, India (Reuters) – At least 18 people have died and several more are in hospital after consuming tainted liquor in India’s eastern state of Bihar, a senior government official said on Thursday. The death toll is likely to rise, the official, who did not want to be named because he is …
At least 18 die in India’s Bihar state after drinking tainted liquor Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended at its weakest closing level on record on Thursday, weighed down by strong dollar demand from foreign banks, likely due to outflows from equities, and the weakness in regional peers as the U.S. dollar rose to an eleven-week high. The rupee closed at 84.0675 against …
Rupee ends at record closing low, pressured by outflows, weak Asia FX Read More »
(Reuters) – Home appliances maker Havells India reported a smaller-than-expected rise in second-quarter profit on Thursday, due to lower demand for its air conditioners and fans on account of the monsoon season and higher expenses. Profit rose nearly 10% from a year earlier to 2.73 billion rupees ($32.5 million) for the three months ended Sept. …
Havells India misses Q2 profit view on lower demand, surging expenses Read More »
By Joe Cash and Liangping Gao BEIJING (Reuters) -China will expand a “white list” of housing projects eligible for financing and increase bank lending for such developments to 4 trillion yuan ($562 billion) by year-end, Minister of Housing and Urban-Rural Development Ni Hong said on Thursday. Redevelopment of cities will also gather pace, with a …
China boosts funds for housing projects to support embattled sector Read More »
By Ron Bousso and Arunima Kumar LONDON (Reuters) – Japan Petroleum Exploration (Japex) is seeking buyers for its stake in an oilfield in the British North Sea, the latest in a string of exits from the ageing basin as companies face growing uncertainty over government tax plans. Japex is calling for bids for its 15% …
Japan’s Japex seeks UK North Sea exit with oilfield stake sale Read More »
BENGALURU (Reuters) -Nestle India reported a nearly 9% decline in quarterly profit on Thursday, hurt by higher ingredient prices and weaker demand for its packaged food. The Indian arm of Swiss food major Nestle reported profit before exceptional items and tax of 10.21 billion rupees ($121.51 million) for the second quarter ended Sept. 30. Consumer …
Nestle India’s Q2 profit slides on weak demand, higher costs Read More »
HANOI (Reuters) – A court in Vietnam on Thursday handed a life sentence to real estate tycoon Truong My Lan on financial fraud charges, after she was sentenced to death in April in a separate trial. Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, was found guilty of obtaining property by …
Vietnam tycoon Lan gets life sentence; already has death sentence from separate trial Read More »
