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A man counts Indian currency notes inside a shop in Mumbai. File | Photo Credit: REUTERS The rupee appreciated 5 paise to settle at 82.86 (provisional) against the U.S. dollar on Wednesday, supported by a weak American currency against major rivals overseas. However, foreign capital outflows and surging crude prices in the international markets capped…
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File. | Photo Credit: Paul Noronha Equity benchmark indices closed higher on August 9, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events — RBI’s monetary policy…
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E.I.D. Parry India Ltd.’s reported a loss of ₹46 crore the for June quarter due to reduction in sales volume. The largest sugar major had posted a standalone net profit of ₹13 crore in the comparable period, it said in a regulatory filing. Revenue from operations was lower by 3% to ₹698 crore. Input cost…
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The 30-share BSE Sensex fell 158.2 points to 65,688.30, extending its previous day’s weak trend. File | Photo Credit: PTI Benchmark equity indices declined in early trade on August 9 amid weak global market trends and continuous foreign fund outflows. Caution also prevailed in the markets ahead of the major events — RBI’s monetary policy and…
According a report published in Bloomberg news, Adani Enterprise has been considering a potential sale of its 44% stake in Adani Wilmar for a few months. | Photo Credit: AFP India’s Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International, Bloomberg News reported on Tuesday, citing people familiar with…
On August 8, the rupee had settled at more than 8-month low level of 82.91 against the dollar. Image for representation purpose only. File | Photo Credit: PTI The rupee appreciated by 10 paise to 82.81 against the U.S. dollar in early trade on August 9 gaining ground from the 8-month low level amid weakening…
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China’s exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Exports fell to $281.8 billion as the decline widened from June’s 12.4% fall, customs data showed Tuesday. Imports tumbled 12.4% from a year earlier to $201.2 billion in a sign…
India needs to retain “fiscal firepower” to effectively manage exogenous shocks as there has been no favourable change in global headwinds and associated risks since the presentation of the Union Budget in February, the Finance Ministry said on Tuesday. The ministry had at the time cited “unprecedented global uncertainties that may adversely affect medium-term projections”…
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Revenue from operations also fell 8.66% to ₹52,991 crore. Aditya Birla Group’s Hindalco Industries Ltd. reported first-quarter consolidated net profit slid 40% from the year-earlier period to ₹2,454 crore on account of ‘unfavourable macros and subdued volumes,’ the company said in a filing. EBITDA at Novelis decreased to ₹3,456 crore from ₹4,334 crore a year…
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Coal India on August 8 posted a 10.1% fall in its consolidated net profit to ₹7,941.40 crore for the quarter ended on June 30, dragged by higher expenses. FIle | Photo Credit: The Hindu Coal India on August 8 posted a 10.1% fall in its consolidated net profit to ₹7,941.40 crore for the quarter ended…
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