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Tag Archives: RESF

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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India’s Reliance shares drop after Q1 profit misses estimates

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) …

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India’s ICICI Bank beats estimates with record April-June net profit

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 …

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India’s Reliance misses profit view as oil-to-chemicals business drags

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 …

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India’s HDFC Life Q1 profit rises on investment gains

BENGALURU, July 21 (Reuters) – India’s HDFC Life Insurance Co Ltd (HDFL.NS) reported a 15.4% rise in first-quarter profit on Friday, aided by investment gains and a rise in premium income. The Mumbai-based company’s profit after tax rose to 4.15 billion rupees ($50.6 million) for the quarter ended June 30 …

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