Updated

India’s Coromandel Int’l Q3 profit beats view on robust demand

BENGALURU (Reuters) – Agricultural chemicals maker Coromandel International Ltd reported a better-than-expected rise in third-quarter profit on Thursday, as demand for its products was bolstered by healthy sowing, above average monsoon and firm crop prices. The company’s consolidated net profit after tax rose 38.1% to 5.27 billion rupees ($64.24 million) from a year earlier, while …

India’s Coromandel Int’l Q3 profit beats view on robust demand Read More »

India’s Crompton’s misses Q3 profit view as inflation dents demand

BENGALURU (Reuters) – Indian household appliance maker Crompton Greaves Consumer Electricals Ltd reported a bigger-than-expected 43% slump in third-quarter profit on Thursday, hit by muted demand for its fans and LED lighting products and soaring costs. Consolidated net profit fell to 852.5 million rupees ($10.38 million) for the three months ended Dec. 31, from 1.48 …

India’s Crompton’s misses Q3 profit view as inflation dents demand Read More »

U.S. lawmakers ask for documents on Russian hackers targeting nuclear labs

WASHINGTON (Reuters) -U.S. lawmakers are calling for the Department of Energy to release documents detailing the targeting of American nuclear laboratories by Russian hackers last year. The call – issued Thursday by the Republican chairmen of the House of Representatives’ oversight and science committees – follows a Reuters report last month that the Russian hacking …

U.S. lawmakers ask for documents on Russian hackers targeting nuclear labs Read More »

India’s NSE puts trades in some Adani firms under additional watch

BENGALURU (Reuters) – India’s National Stock Exchange on Thursday said it has placed on additional surveillance shares of Adani Enterprises, Adani Ports and Ambuja Cements. Investors will have to pay 50% or existing margin, whichever is higher, subject to cap of 100%, the exchange said, following a rout in the shares of companies of Adani …

India’s NSE puts trades in some Adani firms under additional watch Read More »

Soccer-Man United’s Greenwood has all charges against him dropped

By Richard Martin MANCHESTER, England (Reuters) -Manchester United forward Mason Greenwood has had all criminal charges against him dropped, police and prosecutors said on Thursday. Greenwood, who was suspended by United in January 2022 when accusations against him surfaced on social media, was charged with attempted rape, controlling behaviour and assault last October. He had …

Soccer-Man United’s Greenwood has all charges against him dropped Read More »

Hindenburg bet against India’s Adani puzzles rival U.S. short sellers

By Shankar Ramakrishnan, Svea Herbst-Bayliss and Carolina Mandl (Reuters) -When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners bet against companies there. Hindenburg’s bet has been lucrative so far. …

Hindenburg bet against India’s Adani puzzles rival U.S. short sellers Read More »