Reuters India Business

BENGALURU (Reuters) – India’s Patanjali Foods reported a 22% fall in fourth-quarter profit on Tuesday, as sluggish demand dragged overall sales down in its mainstay edible oils business amid a surge in expenses. The Ruchi Gold oil maker’s profit fell to 2.06 billion rupees (around $25 million) for the quarter ended March 31, from 2.64 …

India’s Patanjali Foods Q4 profit falls on higher expenses, lower edible oils sales Read More »

BENGALURU (Reuters) – KFC India operator Devyani International reported on Tuesday an 89% slump in fourth-quarter profit before a one-time expense, as inflation-weary consumers cut back on dining out and ordering in despite discounted prices amid surging costs. Its consolidated profit before exceptional items and tax fell to 43.9 million rupees ($525,836.7) for the quarter …

KFC India operator Devyani Q4 adjusted profit slips on stubby demand, high costs Read More »

(Reuters) – From fried Indian snacks to local sweet delicacies, family-run Indian snack maker Haldiram’s has long been one of the country’s most popular food brands. Now, foreign investors like Blackstone and Abu Dhabi Investment Authority want a big bite of it. Haldiram’s was last year also an acquisition target for India’s Tata Group, one …

Factbox-Haldiram’s: the Indian snack maker eyed by foreign investors Read More »

By Nimesh Vora and Bharath Rajeswaran MUMBAI (Reuters) – Foreign investors are loading up on options to hedge their equity portfolios against a slide in benchmark indexes as they worry that Prime Minister Narendra Modi’s party may not achieve the landslide victory predicted by opinion polls just weeks ago. The last major poll had estimated …

Foreign equity investors turn to hedging on India election jitters Read More »

NEW DELHI (Reuters) – India’s wholesale price-based inflation rose 1.26% in April, the highest pace in a year, mainly driven by food and primary articles, government data showed on Tuesday. The April figures were higher than the 1% rise expected by economists polled by Reuters and up from a 0.53% year-on-year rise in March. Wholesale …

India April wholesale price index rises at fastest pace in a year Read More »

By Jayshree P Upadhyay MUMBAI (Reuters) – India’s markets regulator and exchanges will tighten rules for public offers of small and medium enterprises (SMEs), according to two sources, after complaints of misuse of a separate listing platform introduced in 2012 to enable small businesses access the capital markets. The regulator, the Securities and Exchange Board …

India regulator plans tighter rules for listing of small businesses, sources say Read More »

(Reuters) -Aluminum recycler Novelis, owned by Indian conglomerate Aditya Birla Group’s Hindalco Industries, made public its filing for an initial public offering in the United States on Monday. The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on …

Novelis makes US IPO filing public Read More »