Reuters India Business

By Yantoultra Ngui SINGAPORE (Reuters) – Private equity firm Everstone Capital is considering selling its stake worth $314 million in Restaurant Brands Asia Ltd, the master franchisee of Burger King in India and Indonesia, two sources with knowledge of the matter told Reuters. The Singapore-headquartered buyout firm is in talks with one adviser to explore …

Everstone explores stake sale in India and Indonesia’s Burger King franchisee – sources Read More »

NEW DELHI (Reuters) – India’s annual wholesale price-based inflation (WPI) eased in September to 10.70% year-on-year from 12.41% the previous month, government data showed on Friday. The September WPI was lower than the Reuters forecast of 11.50%. (Reporting by Aftab Ahmed; Editing by Clarence Fernandez)

By Manoj Kumar NEW DELHI (Reuters) – Indian consumers are lapping up everything from cars, houses and television sets to travel and jewellery in the festive season that began last month, according to early data, giving a fillip to growth prospects despite economic gloom elsewhere in the world.  Online and offline sales during the Hindu …

India festival spending booms despite inflation worries, global slowdown Read More »

By Nivedita Bhattacharjee and Nandan Mandayam BENGALURU (Reuters) -Shares of India’s Infosys Ltd jumped to a one-month high on Friday, after it announced a $1.13 billion share buyback plan and raised its revenue growth outlook. Bengaluru-based Infosys said on Thursday it now expects revenue to grow 15%-16% this fiscal year ending March, as against a …

Infosys jumps after upbeat forecast, buyback plan Read More »

By Aditya Kalra NEW DELHI (Reuters) – Pernod Ricard’s India head, Thibault Cuny, has stepped down from his role due to health reasons, the French spirits giant said on Friday, marking a high-profile exit at a time the company is fighting regulatory and legal battles in the country. Cuny, who has been dealing with health …

Pernod Ricard India CEO Cuny steps down due to health reasons Read More »

By Sethuraman N R and Munsif Vengattil BENGALURU (Reuters) – India’s Infosys Ltd on Thursday reported a bigger-than-expected increase in second-quarter profit, boosted by strong margin growth, and tightened its full-year revenue growth forecast amid an uncertain global environment. The country’s No.2 IT services company by revenue now expects 15%-16% revenue growth in the fiscal …

India’s Infosys posts Q2 profit beat, tightens FY revenue view Read More »

By M. Sriram MUMBAI (Reuters) – Indian non-banking finance company Five Star Business Finance is planning to make its stock market debut within weeks, with anchor investors including Fidelity Investments in talks to subscribe to the issue at a valuation 27% below the company’s last fund raise, three sources said. Backed by U.S. investors such …

Fidelity, HDFC Mutual eye India’s Five Star IPO at lower valuation-sources Read More »

By Anushka Trivedi MUMBAI (Reuters) – India’s central bank has been consistently missing its inflation projections over the last two and half years mainly due to extreme weather conditions that drove up food prices, economists said on Thursday. Inflation has been above the RBI’s quarterly projections in the bi-annual monetary policy report (MPR) in eight …

Volatile food prices led to India cenbank missing inflation forecasts – economists Read More »

By Rajendra Jadhav and Arpan Varghese (Reuters) -India’s palm oil imports in September jumped to their highest in a year, boosted by strong demand ahead of the peak festival season and a steep discount to rival oils, a leading trade body said on Thursday. Higher buying by the world’s biggest importer of vegetable oils could …

India’s palm oil imports jump to 1-yr high in Sept as discounts widen Read More »