Indian towel and bedding maker Trident reported a 44% drop in profit on Monday after a US-led export slowdown put pressure on third-quarter sales. Consolidated net profit stood at 442.4 million Indian rupees ($4.88 million) for the three months ended December 31, compared with 797 million rupees a year earlier, according to a regulatory filing. […]
A sharp rise in GIFT Nifty paved the way for a strong opening on Dalal Street on Tuesday after India and the US announced a long-awaited trade deal, allaying tariff concerns that had weighed on Indian markets for months. GIFT Nifty rose nearly 800 points before easing a bit, signaling a broad-based relief rally. The […]
Sharnals and textile exporters fell no less than 12% on Thursday after the 50% rate of US President Donald Trump came into force on Indian input, the competitiveness was running out and caused a broad sale in some of the most export -dependent companies in India. Shares of the leading shrimp expiders of India fell, […]