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90 per cent of India-Russia trade in local currency now

Around 90% of trade between India and Russia is now being conducted using local or alternate currencies while the remaining still happens in other freely convertible ones, Russian Deputy Prime Minister Denis Manturov said Tuesday. “Share of local and alternative currencies keeps growing in bilateral trade. It is now approaching 90%. We deem it necessary

Nykaa’s profit zooms 66 per cent

Beauty and fashion firm FSN E-commerce, which operates Nykaa, posted a 66% jump in profit after tax (PAT) year-on-year to Rs 13 crore compared to Rs 7.8 crore a year ago. Revenue from operations stood at Rs 1,874.7 crore, up 24% from Rs 1,507 crore in Q2FY24. Ebitda stood at Rs 103.7 crore, up 29%

Q3 exports to grow 1.8 per cent on year: Exim Bank

India’s merchandise exports are expected to grow 1.85% on year in October-December quarter to $ 107 billion, according to a forecast. “Non-oil exports are forecast to amount $ 91.7 billion, with a y-o-y growth of 7.39%, during Q3 of FY 2025. Non-oil and non-gems and jewellery exports are forecast to amount $ 82.7 bn, with

Open to lift tariffs if local industry not hurt: Finance Minister

India is willing to lift or ease import tariffs on certain goods if it does not hurt local manufacturing capacities, finance minister Nirmala Sitharaman said on Tuesday. The statement signalled the government’s thinking on how to deal with the threat of US president-elect Donald Trump to impede market access for Indian merchandise to the world’s

Slowdown bites top IT brass: Face cut in variable pay while junior staffers receive 100%

It’s not only Tata Consultancy Services, but other top IT services firms have also cut the variable pay of senior employees due after the September quarter as the sector continues to face headwinds on account of muted client budgets, industry sources said. However, at junior to mid-levels, most employees have got up to 100% variable

Metropolis Healthcare reports 13% jump in profit y-o-y; Analysts say steady performance likely to continue

Metropolis Healthcare recently reported its unaudited consolidated financial results for the quarter ended September 30th, 2024. Metropolis Healthcare Ltd.’s consolidated net profit rose 31 percent in the second quarter of fiscal 2025, meeting analysts’ estimates. According to the company’s statement, the diagnostics company’s profit stood at Rs 46.7 crore in the quarter ended September, compared

Q2FY25: Zydus Lifesciences reports profit rises 14% to Rs. 911 crore; R&D investments up 22% Q-o-Q

Zydus Lifesciences Ltd. on Tuesday announced its unaudited consolidated financial results for the quarter and half year ended September 30th, 2024. The company’s net profit for the July to September period surged 13.7% year-on-year to Rs. 911 crore, compared to Rs. 801 crore reported in the same quarter last year. Zydus Lifesciences spent Rs 480

Hindalco Q2 Results: Profit jumps by 78% to Rs 3,909 crore on strong India biz, favourable macros, prudent cost management

Hindalco Industries Ltd announced its fiscal second quarter earnings with a profit of Rs 3,909 crore, registering a growth of 78.0 per cent in comparison to Rs 2,196 crore during the same period of previous financial year. Profit, it said, was driven by a strong operational performance by the India business, favourable macros and prudent
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