BENGALURU (Reuters) – Indian tyre maker CEAT reported a bigger-than-expected rise in third-quarter profit on higher margins, as price hikes made up for a rise in raw material costs and a slow recovery in sales growth. CEAT’s consolidated net profit rose more than five times to 1.81 billion rupees (nearly $22 million) for the quarter …
India’s CEAT beats profit view on higher margins from price hikes Read More »
(Reuters) -At least six people, including three firefighters, were killed when a truck carrying 60 tons of liquefied natural gas crashed and exploded in the Mongolian capital of Ulaanbaatar on Wednesday, according to Mongolia’s officials. At least 11 people were injured in the fire near the Dunjingarav market, Mongolia’s Emergency Management Office said in a …
Six killed in gas truck explosion in Mongolia – officials Read More »
(Reuters) – Indian logistics services provider Blue Dart Express reported a flat third-quarter profit on Wednesday, snapping four straight quarters of profit fall, driven by festive season-induced demand recovery. Consolidated net profit rose to 888.9 million Indian rupees ($10.70 million) from 886.6 million rupees a year ago in the December quarter, the Deutsche Post DHL …
India’s Blue Dart Express posts rise in profit on festive demand Read More »
BENGALURU (Reuters) – Container Corporation of India (Concor) reported a jump in third-quarter profit on Wednesday, supported by growth in volumes of cargo handled that eclipsed higher freight prices being passed to consumers. The state-owned company reported a consolidated net profit of 3.31 billion rupees ($39.8 million) for the quarter ended Dec. 31, up 12% …
India’s Container Corp posts higher Q3 profit on growing cargo volumes Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s lawmakers on Wednesday passed a bill to regulate online content, the speaker of the parliament announced, a law which opposition politicians and activists allege will muzzle free speech. The Online Safety Bill proposes jail terms for content that a five-member commission considers illegal and making social media platforms …
Sri Lanka passes new law to regulate online content Read More »
By Pratima Desai LONDON (Reuters) – The potential for a build-up of tin supplies this year is likely to put pressure on prices, but accelerating demand from the energy transition sector, including solar panels and electric vehicles, should support prices in the future. Tin is used in circuit-board soldering for products like mobile phones and …
Tin shackled by surplus, but green industry demand poised to mop up supplies Read More »
MUMBAI/BENGALURU (Reuters) -India’s Tech Mahindra posted a 60.6% drop in third-quarter net profit on Wednesday, missing estimates as clients continued to hold back spending in communications and banking segments. The fifth-largest Indian IT services company’s net profit fell to 5.10 billion rupees ($61.36 million) for the three months ended Dec. 31, 2023, from 12.97 billion …
India’s Tech Mahindra misses Q3 profit view on muted spending in key segments Read More »
By Nikunj Ohri and Jayshree P Upadhyay NEW DELHI (Reuters) – Indian government approval will be needed if a local company with shareholders from neighbouring countries such as China wants to list on exchanges registered in a new financial hub, according to rules issued on Wednesday. The rules lay out how companies can list their …
India must approve GIFT City listings with investors from bordering nations Read More »
BENGALURU (Reuters) – Indian two-wheeler maker TVS Motor reported a larger-than-expected third-quarter profit on Wednesday, driven by strong demand in the festive season. Indian consumers tend to splurge during the festival season, regarded as an auspicious time for significant purchases such as cars, two-wheelers and electronic goods, when companies offer attractive promotional discounts. This festive …
India’s TVS Motor beats Q3 profit view on strong festive demand Read More »
By Amlan Chakraborty HYDERABAD, India (Reuters) – India have not lost a test series at home since 2012-13 but captain Rohit Sharma does not want him team mates to start believing they are unbeatable in their own conditions. Since Alastair Cook led a touring England to a 2-1 series victory more than a decade ago, …
Cricket-India not unbeatable at home, says skipper Rohit Read More »
