Ripples Advisory, Asian stocks open mixed; IndiGo, Siemens, Fortis in news
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Asian shares opened subdued ahead of the Sino-US trade talks
Asian shares opened subdued ahead of the Sino-US trade talks, reports Reuters. Overnight US stocks closed mixed. S&P 500 at 2,635 is down 0.7%.
IndiGo Q4 profit falls 73% to Rs 117.6 crore
InterGlobe Aviation Ltd run IndiGo said its net profit for the March quarter fell 73% from a year ago on costlier fuel, lower yields and aircraft groundings.
In another report, the Securities and Exchange Board of India (Sebi) is looking into a plunge in shares of InterGlobe Aviation Ltd just before the company announced the departure
Tata Power reports Q4 profit of Rs 1,478 crore
Improved performance by its renewables business and a one-time reversal of a write-off on its Mundra power plant led Tata Power to report 751% recovery in headline net profit for the January-March quarter.
Siemens March quarter profit rises 18%
Siemens posted 18% rise in its standalone net profit to Rs 219.7 crore in the quarter ended March this year, reports PTI. Revenue rose 10.6%.
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