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Tag Archives: CMPNY

India’s Bajaj Finance beats Q1 profit view on robust loan demand

BENGALURU, July 26 (Reuters) – Indian non-bank lender Bajaj Finance (BJFN.NS) reported a bigger-than-expected increase in quarterly profit on Wednesday, boosted by healthy loan growth and strong customer additions. The company’s consolidated profit after tax rose a little over 32% to 34.37 billion rupees ($419 million) in the first quarter, …

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India open to Chinese investment, deputy IT minister says – FT

July 26 (Reuters) – India is open to Chinese investment despite border clashes between the two countries, the Deputy Minister for Information Technology Rajeev Chandrasekhar told the Financial Times in a report published on Wednesday. “We are open to doing business with any company anywhere as long as they are …

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India’s Shree Cement beats Q1 profit view on strong domestic demand

BENGALURU, July 26 (Reuters) – Indian cement company Shree Cement Ltd (SHCM.NS) reported a bigger-than-expected 84% rise in first-quarter profit on Wednesday, helped by robust domestic demand. The company reported a profit of 5.81 billion Indian rupees ($70.87 million) for the three months ended June 30, beating analysts’ average estimate …

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India’s L&T hits record high on Q1 profit beat, share buyback

BENGALURU, July 26 (Reuters) – Shares of India’s Larsen & Toubro (L&T) shares (LART.NS) jumped 4.3% to a record high on Wednesday, a day after the engineering company posted strong quarterly results, helped by a robust order book, announced a share buyback and a special dividend. L&T’s results are often …

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India’s Tata Steel CEO says prices to ease in Q2

NEW DELHI, July 25 (Reuters) – India’s Tata Steel Ltd (TISC.NS) expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on Tuesday. “In India, the Q2 …

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