AL KHOR, Qatar (Reuters) – India produced their worst Asian Cup performance in 40 years after losing all three of their group matches without scoring as head coach Igor Stimac bemoaned the lack of centre forwards who could step up for the national team in Qatar. India became the second team after China to finish …
BENGALURU (Reuters) – Bharti Airtel has prepaid 83.25 billion rupees ($1.00 billion) to the Indian government’s telecom department to partly clear deferred liabilities for airwaves it acquired in a 2015 auction, it said late on Tuesday. The payment had an interest rate of 10%, India’s second-biggest telecom services operator by subscribers said in an exchange …
India’s Bharti Airtel prepays $1 billion to partly clear 2015 spectrum dues Read More »
BENGALURU (Reuters) – India’s United Spirits, which makes Smirnoff vodka, reported a rise in third-quarter profit on Tuesday, buoyed by strong demand for its premium brands of alcohol. A greater number of affluent Indians are choosing more expensive cars and consuming pricier food and liquor, unaffected by inflation. This boosted the Diageo PLC-owned company’s profit …
India’s United Spirits third-quarter profit climbs on premium liquor demand Read More »
BENGALURU (Reuters) – Home appliances maker Havells India on Tuesday reported a marginal growth in third-quarter profit, as demand for its wires and cables largely compensated for slower consumer goods sales growth. The company reported a profit of 2.88 billion rupees ($34.7 million) for the quarter ended Dec. 31, compared to 2.84 billion rupees last …
By Siddhi Nayak and Sethuraman N R MUMBAI/BENGALURU (Reuters) -India’s Axis Bank edged past third-quarter profit estimates on Tuesday and signalled that deposit growth will eventually catch up with loan growth. The Mumbai-based private bank reported its standalone net profit rose 3.7% to 60.71 billion rupees ($730.19 million) in the three months ended Dec. 31, …
India’s Axis Bank sees deposit growth catching up with loans Read More »
HYDERABAD (Reuters) – Indian drugmaker Glenmark Life Sciences posted a 13% rise in third-quarter profit on Tuesday, helped by a robust performance by its core active pharmaceutical ingredient (API) business. The Mumbai-based company, which detergent maker Nirma is in the process of taking over, said its profit rose to 1.19 billion rupees ($14.32 million) in …
India’s Glenmark Life Sciences posts Q3 profit rise; strong orderbook ahead, says CEO Read More »
BENGALURU (Reuters) – India’s JSW Energy reported a jump in third-quarter profit on Tuesday, helped by greater power demand and lower fuel costs. India’s electricity generation rose 8.7% year-on-year in the December quarter, which analysts attributed to festive activities and strong industrial demand. The country’s average peak demand during the quarter increased 13.8% year-on-year to …
India’s JSW Energy posts higher Q3 profit on demand boost, lower fuel costs Read More »
BENGALURU (Reuters) – India’s Pidilite Industries posted a nearly 68% jump in third-quarter profit on Tuesday, the adhesive maker’s biggest year-over-year growth in nine quarters, driven by sustained demand and easing costs. Consolidated net profit rose to 5.10 billion rupees ($61 million) in the October-December period from 3.04 billion rupees a year earlier, the maker …
Indian adhesive maker Pidilite’s Q3 profit jumps on strong demand, lower costs Read More »
(Reuters) – Indian design and technology services company Tata Elxsi reported a 6% rise in third-quarter profit on Tuesday, helped by healthy demand in its transportation segment. The company’s net profit rose to 2.06 billion rupees ($24.78 million) for the quarter ended Dec. 31 from 1.95 billion rupees a year ago. Revenue from operations rose …
India’s Tata Elxsi posts Q3 profit rise on strength in transportation segment Read More »
By Manvi Pant BENGALURU (Reuters) -Indian shares surrendered early gains to end sharply lower on Tuesday, as HDFC Bank led a decline in financials, while Zee Entertainment plunged over 32% after its merger with Sony’s India unit collapsed. The blue-chip NSE Nifty 50 settled 1.54% lower at 21,238.80 points, while the S&P BSE Sensex lost …
Indian shares slump 1.5% as financials weigh; Zee plunges Read More »
