By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to decline on Monday on the back of a jump in U.S. yields, which boosted the dollar versus its major peers and Asian currencies. Non-deliverable forwards indicate the rupee will open at around 82.92-82.94 to the U.S. dollar, compared with 82.8450 in the previous …
Rupee to fall on surging US yields; 83/USD to be breached without RBI’s help Read More »
(Reuters) – Indian captain Hardik Pandya called on his batsmen to take more responsibility and support their bowlers in future after openers Yashasvi Jaiswal and Shubman Gill showed the way in Saturday’s series-levelling Twenty20 win over the West Indies in Florida. Chasing 179 to level the five-match series at 2-2 after superb knocks by Shai …
Cricket-Pandya seeks more responsibility from batsmen after win over Windies Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -India’s Adani Ports on Saturday said Deloitte’s reason for quitting as auditor of the company was “not convincing or sufficient to warrant such a move” and the global firm had all the necessary information it required to conduct the process. Deloitte decided to resign from the …
India’s Adani Ports says Deloitte auditor resignation arguments not convincing Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) – Ample monsoon rains have accelerated the planting of summer-sown rice in India, according to the latest farm ministry data, after a slow start to the sowing season that began in June. Crop-nourishing monsoon rains picked up in July and August, allowing farmers to plant 32.8 million hectares (81 …
Indian rice planting accelerates with revival of monsoon rains Read More »
By Brijesh Patel (Reuters) – Gold prices hovered near a one-month low on Friday and were heading for their third consecutive weekly dip, as the dollar and bond yields strengthened after data showed U.S. producer prices increased in July. After dropping to its lowest level since July 7 earlier in the session, spot gold was …
Gold set for third weekly fall on stronger US dollar, yields Read More »
BENGALURU (Reuters) – India’s National Aluminium Co (Nalco) reported a more than 40% fall in quarterly profit on Friday, dragged down by weak prices and demand. The state-run aluminium producer’s consolidated profit fell to 3.34 billion rupees ($40.34 million) in the first quarter ended June 30, from 5.58 billion rupees a year earlier. The company, …
India’s Nalco posts fall in first-quarter profit on lower aluminium prices Read More »
BENGALURU (Reuters) – India’s Patanjali Foods on Friday reported a 63.6% drop in first-quarter profit as high costs dented margins. The Ruchi Gold oil maker’s net profit after tax fell to 877.5 million rupees ($10.60 million) for the quarter ended June 30, from 2.41 billion rupees a year earlier. Total revenue from operations increased 7.7% …
India’s Patanjali Foods Q1 profit slumps over 60% as high expenses dent margins Read More »
By Rishika Sadam HYDERABAD (Reuters) – Indian biopharmaceutical company Biocon Ltd is planning to list its biosimilars business, a significant contributor to the company’s total revenue, by the first half of 2025, a top executive said on Friday. Biocon Biologics, a fully integrated subsidiary of Biocon Ltd, focuses on making biosimilars, with key revenue-generating markets …
Biocon may list biosimilars business by 2025 first half – CEO Read More »
(Reuters) – Tata Group company Voltas reported nearly a 19% rise in first-quarter profit on Friday, boosted by the performance of its arm that makes air conditioners and air coolers. Consolidated net profit rose to 1.29 billion Indian rupees ($15.58 million) for the quarter ending June 30 from 1.09 billion rupees a year earlier. Income …
India’s Voltas posts rise in Q1 profit on surge in AC sales Read More »
BENGALURU (Reuters) – India’s Glenmark Pharmaceuticals Ltd reported a 22% decline in quarterly profit on Friday, hit by higher expenses and a one-time cost. Consolidated net profit fell to 1.50 billion rupees ($18.12 million) for the three months ended June 30, from 1.93 billion rupees a year ago, the cetrizine maker said. Glenmark, which caters …
India’s Glenmark Pharma Q1 profit drops on higher expenses Read More »
