Tag Archives: MTPIX

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 …

WASHINGTON, July 25 (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas told a news conference that India’s restriction would have a similar effect of the …

BENGALURU, July 25 (Reuters) – India’s Larsen & Toubro (LART.NS) reported a better-than-expected first-quarter profit on Tuesday, boosted by strong performance at its core engineering and construction business, and approved buyback of shares worth up to 100 billion rupees ($1.22 billion). L&T’s consolidated net profit after tax surged 46.5% to …

[1/2]The World Health Organization (WHO) logo is seen near its headquarters in Geneva, Switzerland, February 2, 2023. REUTERS/Denis Balibouse/File Photo NEW DELHI, July 25 (Reuters) – India has suspended a drugmaker’s manufacturing license after the World Health Organization flagged contamination in its cough syrups found in the Marshall Islands and …

BENGALURU, July 25 (Reuters) – Tata Motors (TAMO.NS) will cancel its ‘A’ ordinary shares, currently trading at a steep discount to the ordinary shares, reducing its overall share count by 4.2%, the automaker said on Tuesday, in its latest move to simplify its securities structure. Tata Motors is the only …

[1/2]Visitors look at a Tata Motors’ sub-compact sport utility vehicle (SUV) Tata Nexon, after its launch in Mumbai, India September 21, 2017. REUTERS/Shailesh Andrade/File Photo BENGALURU, July 25 (Reuters) – Tata Motors (TAMO.NS), India’s largest automaker by revenue, reported a third consecutive quarterly profit on Tuesday, helped by price hikes …

BENGALURU, July 25 (Reuters) – India’s Bajaj Auto (BAJA.NS) beat expectations on Tuesday, reporting a nearly 42% increase in first-quarter profit on the back of robust demand for its commercial vehicles. Demand pick-up in rural areas and a prolonged wedding season in the country amid some ease in inflation helped …

MUMBAI, July 25 (Reuters) – Indian private lender RBL Bank (RATB.NS) has the scope to expand its net interest margin (NIM) to above 5% in 2023-24, leaning on more low-cost deposits and a favorable loan book mix, its managing director and CEO told Reuters on Monday. “Our NIMs will not …

BENGALURU, July 25 (Reuters) – Prosus NV (PRX.AS), an investor in Indian educational technology startup Byju’s, said on Tuesday that the troubled company’s directors “regularly disregarded advice” despite repeated efforts by the Dutch-listed technology firm’s former director. Prosus, which this year slashed its valuation of Byju’s to $5.1 billion from …

July 25 (Reuters) – India would be reasonably pleased with the smooth start to the transition of their test team against the West Indies, even if a 1-0 series victory against a side seven rungs below them in the official rankings may not sound impressive. Persistent rain in Port of …