Tag Archives: BIZ

BENGALURU, July 24 (Reuters) – Shares of Reliance Industries (RELI.NS), India’s largest company by market capitalization, fell nearly 3% on Monday after the conglomerate posted a bigger-than-expected drop in its first-quarter profit late on Friday. Weak demand and a steep fall in refining margins impacted the company’s flagship oil-to-chemicals (O2C) …

BENGALURU, July 24 (Reuters) – Indian shares are set to open lower on Monday, tracking Asian peers, amid caution ahead of key corporate earnings and central bank meetings due later this week. India’s GIFT Nifty on the NSE International Exchange was down 0.11% at 19,744, as of 8:03 am IST. …

BENGALURU, July 22 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) reported a 39% rise in quarterly revenue, helped by soaring demand for loans. One 97 Communications Ltd (PAYT.NS), parent of India’s no. 2 digital payments app by market share, reported late Friday that revenue rose 39% year-on-year to 23.42 …

MUMBAI, July 22 (Reuters) – ICICI Bank (ICBK.NS), India’s second-largest private lender, beat expectations to deliver a record first-quarter net profit on Saturday, helped by higher interest income and loan growth. The Mumbai-based lender reported a near-40% rise year-on-year in net profit to 96.48 billion rupees ($1.18 billion) for the …

MUMBAI, July 22 (Reuters) – India’s Yes Bank (YESB.NS) reported a smaller-than-expected increase in quarterly net profit on Saturday as it set aside more money for aging bad loans and security receipts, denting the impact of higher net interest income. The private lender’s standalone net profit rose 10.3% for the …

MUMBAI, July 22 (Reuters) – India’s Kotak Mahindra Bank (KTKM.NS) beat expectations on Saturday with a 67% year-on-year rise in net profit for the April-June quarter, helped by higher net interest income and robust loan growth. The Mumbai-based private lender’s standalone net profit rose to 34.52 billion rupees ($421.1 million) …

BENGALURU, July 21 (Reuters) – Indian metals-to-oil conglomerate Vedanta ( VDAN.NS ) reported a 40.8% plunge in first-quarter profit on Friday, as weak commodity prices outweighed a slight increase in production and sales for metals like aluminum . Consolidated profit after tax declined to 33.08 billion rupees ($403.55 million) for …

BENGALURU, July 21 (Reuters) – Reliance Industries (RELI.NS), India’s most valuable company, reported a wider-than-expected drop in first-quarter profit on Friday, as its flagship oil-to-chemicals (O2C) business was hurt by weak demand and a steep fall in refining margins. Reliance’s O2C business is still its main growth engine that powers …

BENGALURU, July 21 (Reuters) – DLF (DLF.NS), India’s largest real estate company by market value, reported a higher first-quarter profit on Friday, as lower costs and a higher share of profits from its joint ventures more than offset a dip in revenue. The company, the first of India’s major real …

NEW DELHI, July 21 (Reuters) – India’s aviation regulator on Friday gave its nod to Go Airlines (India) to resume operations if it can meet certain conditions, including getting interim funding and approval of its flight schedule, an order viewed by Reuters showed . The cash-strapped airline stopped flying operations …