Profit also took a 3 billion rupees ($46.9 million) hit from its exit from joint venture with Singapore’s Wilmar. Read more at straitstimes.com.

India's Adani Enterprises, the flagship company of the Adani group, reported a slump in third-quarter profit on Thursday, impacted by performance at its key coal trading division. The company's consolidated net profit declined to 578.

Adani Enterprises Ltd reported a 97% drop in third-quarter net profit, largely due to lower coal trading volumes and foreign exchange losses. Despite this, a 17% increase in profit was observed over the first nine months.