Latest Business News

BIZ-Rupee scales new 2-1/2 mth high as dollar crumbles

The Hindu - 44 min 14 sec ago
The rupee on Thursday staged an incredible comeback after its three—session lustreless trade and ended at a fresh two—and—a—half month high of 64.11 a dollar after the US currency took a big knock am...
Categories: Latest Business News

Pratt engine issue delays Airbus plane deliveries to Indian carriers

Reuters - 57 min 42 sec ago
NEW DELHI (Reuters) - India's IndiGo and GoAir airlines are facing delays in receiving planes from Airbus due to ongoing problems with engines developed by Pratt & Whitney, the minister of state for civil aviation said on Thursday.
Categories: Latest Business News

Wall Street opens at record high after strong earnings

Reuters - 1 hour 7 min ago
(Reuters) - U.S. stocks added to their record levels at the open on Thursday, helped by a flurry of strong corporate earnings reports that boosted sentiment.
Categories: Latest Business News

ITC Ltd first-quarter profit rises 7.4 percent, misses estimates

Reuters - 1 hour 11 min ago
(Reuters) - Cigarettes-to-biscuits maker ITC Ltd reported a 7.4 percent increase in quarterly profit, helped by higher sales from its cigarettes segment.
Categories: Latest Business News

Idea Cellular posts third straight loss amid price war

The Hindu - 1 hour 57 min ago
Idea Cellular had posted a profit of Rs 217.1 crore in the same period a year ago.
Categories: Latest Business News

India's first-quarter coal imports fall 8.1 percent

Reuters - 2 hours 4 min ago
NEW DELHI (Reuters) - India's coal imports fell 8.1 percent to 52.70 million tonnes in the first quarter of fiscal year 2018, Coal Minister Piyush Goyal told lawmakers on Thursday, as the world's third largest consumer of coal looks to cut dependence on imports.
Categories: Latest Business News

ICICI Bank Q1 profit falls, but beats estimates

The Hindu - 2 hours 41 min ago
ICICI reported an eight percent fall in its first-quarter profit but slightly ahead of estimate
Categories: Latest Business News

ONGC first-quarter standalone profit drops 8 pct; misses estimates

Reuters - 2 hours 47 min ago
(Reuters) - Oil and Natural Gas Corp, India's top explorer, said on Thursday first-quarter standalone profit fell 8 percent, below analysts' expectations.
Categories: Latest Business News

ICICI Bank first-quarter profit falls, but beats estimates

Reuters - 2 hours 50 min ago
(Reuters) - ICICI Bank Ltd, India's third-biggest lender by assets, reported an eight percent fall in its first-quarter profit but was slightly ahead of analysts' estimates.
Categories: Latest Business News

Verizon's quarterly revenue beats estimates, subscribers rise

Reuters - 2 hours 57 min ago
(Reuters) - Verizon Communications Inc on Thursday reported quarterly revenue that topped expectations as the No. 1 U.S. wireless carrier attracted more subscribers with its unlimited data plan.
Categories: Latest Business News

Idea Cellular posts third straight quarterly loss amid price war

Reuters - 3 hours 19 min ago
(Reuters) - Idea Cellular Ltd, India's No. 3 telecoms firm, reported a third straight quarterly loss on Thursday, reeling in the wake of a price war wrought by new entrant to the sector, Reliance Jio.
Categories: Latest Business News

India's falling trade deficit opens space to reduce gold import tax: govt official

Reuters - 3 hours 21 min ago
MUMBAI (Reuters) - India's falling trade deficit is giving the world's second-biggest gold consumer room to lower its import duty on bullion, a commerce ministry official said on Thursday.
Categories: Latest Business News

Axis Bank extends CEO Shikha Sharma's term by three years

Reuters - 3 hours 34 min ago
(Reuters) - Axis Bank Ltd, India's seventh-biggest lender by assets, has re-appointed Shikha Sharma as its chief executive officer and managing director, putting to rest media speculation that she might be leaving the bank for another job.
Categories: Latest Business News

Sensex, Nifty retreat from record highs on F&O expiry

The Hindu - 4 hours 3 min ago
The benchmark BSE Sensex retreated from record high levels to close flat at 32,383.30 due to selling in IT, pharma, oil&gas and tech stocks.The Sensex closed marginally higher by 0.84 point at 32...
Categories: Latest Business News

UK to scrap Libor interest rate benchmark from end-2021

The Hindu - 4 hours 51 min ago
The head of Britain's financial markets watchdog said on Thursday that a substitute index for the Libor interest rate benchmark should be in place by the end of 2021.Libor is based on submissions fro...
Categories: Latest Business News

Britain to scrap Libor rate benchmark from end-2021

Reuters - 4 hours 57 min ago
LONDON (Reuters) - A substitute for the widely-used Libor interest rate benchmark should be in place by the end of 2021, the head of Britain's financial markets watchdog said.
Categories: Latest Business News

Dr Reddy's Q1 profit slumps on pricing pressures in U.S.

Reuters - 5 hours 13 min ago
(Reuters) - Dr. Reddy's Laboratories Ltd said its first-quarter profit more than halved from a year ago, as regulatory hurdles and pricing pressures in its biggest market, the United States, dragged on the drugmaker's earnings.
Categories: Latest Business News

Physical gold demand rises in first half, but market sees surplus - GFMS

Reuters - 5 hours 23 min ago
LONDON (Reuters) - Physical gold demand globally rose to 1,895 tonnes in the first half of 2017, up 17 percent from the same period last year, GFMS analysts at Thomson Reuters said.
Categories: Latest Business News

Dollar steadies after Fed skid, global shares hit new highs

Reuters - 6 hours 4 min ago
LONDON (Reuters) - Stocks, bonds and commodities were all on a roll on Thursday, as market bulls scented a softening in the Federal Reserve's confidence on inflation that promised to keep U.S. interest rates low for longer.
Categories: Latest Business News

IDFC Bank first-quarter profit rises 65 percent; bad loans ratio falls

Reuters - 6 hours 11 min ago
REUTERS - IDFC Bank reported a 65 percent rise in quarterly profit on Thursday, helped by higher interest income and as the bad loans ratio fell from a year earlier.
Categories: Latest Business News

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