Danish brewing company Carlsberg has taken another step towards a possible Indian stock market listing by filing an updated draft red herring prospectus with the Securities and Exchange Board of India (SEBI).
Global beverage companies are evaluating opportunities to access India’s public markets. Pernod Ricard is preparing for a possible listing of its Indian business, while The Coca-Cola Company is exploring the possibility of listing its Indian bottling operations.
Reliance Industries Ltd. reported a 33.8% year-on-year (YoY) rise in consolidated profit after tax to Rs.29,550 crore for the second quarter of FY27, compared with Rs.22,092 crore in the corresponding quarter last year.
Diplomatic discussions involving Iran and mediators in Qatar continued on November 2, with efforts reportedly focused on avoiding a renewed escalation in the region.
Indian equity benchmarks traded higher on November 2, supported by optimism around diplomatic efforts to ease tensions involving Iran and by strong corporate earnings.
NTPC Ltd. reported a 40.7% YoY increase in consolidated profit after tax to Rs.7,351 crore for Q2 FY27, compared with Rs.5,225 crore in the corresponding quarter of the previous year.
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