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The news and media division of Thomson Reuters is one of the world’s largest international multimedia news providers
The report, citing people familiar with the matter, had said billionaire Gautam Adani and his family may retain a minority stake following a stake sale in its $6 billion consumer staple joint venture
The company also benefited from a recovery in vehicle production volumes in its key markets of China, Europe and North America
Voltas shares closed down 0.98% at 828.55 rupees ahead of the results
Patanjali's shares closed nearly 2.2% lower ahead of the results. The stock rose nearly 23% in the April-June quarter
Expenses also increased due to a one-time cost of Rs 5202 crore spent during the quarter for repairs at its various manufacturing facilities in India and the United States
The average loan ticket size grew by 14% year-over-year in the quarter while the total weight of pledged gold jewellery rose by 2%, the company said in a filing
However, the export duty resulted in a 55% fall in India's steel exports in fiscal 2023, the company said
The push, which included segments such as defence and transport, came ahead of a parliamentary election due in 2024
Under the $24 billion scheme, the federal government pays local manufacturers when targets such as sales are met, aiming to boost investment in manufacturing. Targets differ from sector to sector
The RBI asked banks to hold incremental CRR of 10% on an increase in deposits between May 19 and July 28 in Thursday's monetary policy decision, when it expectedly kept its key policy rate unchanged
The weighted average interbank call money rate jumped to 6.66% from an average of 6.38% between Aug. 1 and Aug. 10, and above the policy repo rate of 6.5%
Thailand, Vietnam and Pakistan, world's second, third and fourth biggest exporters, respectively, have said they are keen to boost sales since demand for their crops has been rising after India's ban
Adani Airport Holdings and Adani Ports and Special Economic Zone may tap the market first, with offerings of around 10-15 billion rupees
A suspect in the killing was wounded in an exchange of fire with security officials and later died
State-owned Container Corporation of India reported a more than 17% fall in first-quarter profit on Thursday after costs increased and revenue fell
Engineering firm Honeywell Automation India reported its slowest profit growth in five quarters on Thursday, as expenses, led by the rising costs, outpaced revenue
Apollo Tyres reported a bigger-than-expected rise in quarterly profit on Thursday, boosted by lower rubber costs and strong domestic auto sales
India's largest motorcycle maker Hero MotoCorp on Thursday missed first-quarter profit estimates, hurt by a drop in sales volume
However, inflation eased in April and May, bringing some relief for consumer goods makers like Maggi instant noodles-seller Nestle India
He added that costs would increase by about 10 to 20 basis points for Mauritius-based SPVs