Tag: profit
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Cotton settled flat on profit booking
[ad_1] Cotton candy prices remained unchanged at 57340, experiencing a standstill due to profit booking after earlier support from factors affecting India’s production. Projections indicate a 7.5% decline in India’s cotton production to 29.5 million bales in 2023/24 due to lower planted areas and the impact of El Nino weather conditions. Import estimates for India…
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Zydus Lifesciences posts 53.3% jump in quarterly profit
[ad_1] AHMEDABAD: Indian pharma major, Zydus Lifesciences Limited on Tuesday reported 53.3% jump in its quarterly profit on Tuesday, led by the strong sales in the domestic market and the United States. Theconsolidated net profit was Rs 801 crore ($96.2 million) during the second quarter of FY 2024, against Rs 523 crore during the year-ago…
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Thomson Reuters reports Q3 profit rises to US$367M, revenue edges higher – Winnipeg Free Press
[ad_1] TORONTO – Thomson Reuters Corp. reported a third-quarter profit of US$367 million, up from US$228 million in the same quarter last year. The company, which keeps its books in U.S. dollars, says the profit amounted to 80 cents per diluted share for the quarter ended Sept. 30. The result compared with a profit of…
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Air Canada reports $1.25B Q3 profit, operating revenue up 19% from year ago – Winnipeg Free Press
[ad_1] MONTREAL – Air Canada reported a profit of $1.25 billion in its latest quarter compared with a loss of $508 million in the same quarter last year. The airline says the profit amounted to $3.08 per diluted share for the quarter ended Sept. 30 compared with a loss of $1.42 per diluted share a…
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Silver dropped on profit booking as investors looked for guidance on inflation
[ad_1] prices experienced a slight decline of -0.39% to settle at 71616 as profit-taking ensued, prompted by the search for guidance on inflation. This dip followed a recent surge driven by escalating tensions in the Middle East, notably the Gaza hospital blast, which drew widespread condemnation across the Arab world. Concurrently, the remained strong, while…
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Jeera dropped due to profit booking amid subdued demand
[ad_1] Jeera prices experienced a notable decline of -4.74% on the previous day, settling at 53,695 due to profit booking. This drop can be attributed to sluggish export demand, which has led to profit-taking by traders. However, there are limitations to the downside movement due to the constrained availability of high-quality crops. The global demand…
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Turmeric dropped due to profit booking amid improved crop condition
[ad_1] The turmeric market experienced a notable setback, with a 3.1% drop in prices, settling at 13,692 due to profit booking. This decline was primarily influenced by improved crop conditions thanks to favorable weather. However, the potential for yield losses in the upcoming unfavourable October weather limited the downward movement. The crop is currently in…
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Cotton dropped on profit booking after prices gained as USDA cut production in 2024
[ad_1] Cottoncandy prices dipped by 0.85% to settle at 58380 due to profit booking, following a recent boost in prices. The USDA’s October WASDE report attributed this price surge to a decrease in U.S. production for 2023/24, mainly due to lower yields in Texas. Additionally, Brazil is expected to outpace the U.S. in cotton production,…
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Crude oil prices fell on profit booking
[ad_1] prices took a 2.17% dip, closing at 7,623 due to profit-taking, following a surge driven by unexpected drops in crude inventories. U.S. government data revealed a more substantial than anticipated 2.2 million barrel decrease in crude stockpiles, underlining supply constraints linked to production cuts by Saudi Arabia and Russia. Specifically, crude stocks at the…
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Copper dropped on profit booking after inventories in SHFE rose 18.5%.
[ad_1] Copper prices experienced a slight dip of -0.4% to settle at 734.15 yesterday, primarily due to profit booking triggered by an 18.5% surge in inventories monitored by the Shanghai Futures Exchange compared to the previous Friday. This increase in supply weighed on market sentiment. China, in its efforts to bolster its economic recovery, took…