Tag Archives: RES

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 …

BENGALURU, July 25 (Reuters) – India’s SBI Life Insurance Co (SBIL.NS) reported a 45% surge in its first-quarter profit on Tuesday, aided by higher income from premiums. SBI Life, one of India’s largest life insurers, said its profit after tax for the quarter ended June 30 rose to 3.81 billion …

BENGALURU, July 25 (Reuters) – Mahindra Holidays and Resorts India (MAHH.NS) reported a 99% slump in first-quarter profit on Tuesday, hit by higher expenses and widening losses in Europe. Consolidated net profit for the company, known for its flagship resorts brand “Club Mahindra,” was 1.8 million rupees ($21,992.90) for the …

[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 …

BENGALURU, July 25 (Reuters) – Shares of Indian conglomerate ITC (ITC.NS) shares fell as much as 3.3% on Tuesday, extending a slide from the previous session, as investors baulked at the company’s plans to retain a 40% stake in its hotels business after spinning it off. ITC said on Monday …

BENGALURU, July 24 (Reuters) – India’s Mahindra Logistics ( MALO.NS ) swung to a loss in the first quarter on Monday, hurt by higher expenses and lukewarm demand. The freight carrier posted a consolidated net loss after tax of 85.5 million rupees ($1.04 million) in the three months ended June …

BENGALURU, July 24 (Reuters) – Indian mortgage lender PNB Housing Finance (PNBH.NS) on Monday posted a nearly 48% rise in its first-quarter profit, driven by robust demand for housing loans and improved asset quality. PNB Housing, a unit of state-run lender Punjab National Bank (PNBK.NS), said its consolidated net profit …

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. …