Reuters India Business

By Jaspreet Kalra MUMBAI (Reuters) – Binance, the world’s largest cryptocurrency exchange, has registered with India’s Financial Intelligence Unit (FIU), a senior FIU official said on Friday, as the exchange seeks to resume operations in the country. The exchange was barred from operating in India in December for non-compliance with local regulations as part of …

Binance registers with India’s financial watchdog as it seeks to resume operations Read More »

By Nandan Mandayam and Meenakshi Maidas BENGALURU (Reuters) -India’s Tata Motors expects local demand for passenger vehicles (PVs) to weaken in the first half of fiscal year 2025, with its finance chief flagging elections in the country as a dampener. Tata Motors, India’s third-largest carmaker by sales, is known for its ‘Nexon’ and ‘Punch’ sport …

India’s elections to hurt car sales in first half of FY25, Tata Motors says Read More »

By Rajendra Jadhav and Ashitha Shivaprasad (Reuters) – Demand for physical gold was much lower than usual during a key festival in India, the world’s second-biggest consumer, as near-record high prices deterred retail buyers and forced dealers to offer steep discounts. Akshaya Tritiya, the second-biggest gold-buying festival after Dhanteras, was celebrated on Friday. “Many consumers …

Sky high prices take shine off Indian gold buying festival Read More »

By Nikunj Ohri NEW DELHI (Reuters) -India’s industrial output in March rose a weaker than expected 4.9% year-on-year amid slower growth in mining activity, government data showed on Friday. Economists polled by Reuters had expected industrial output to rise 5.1%. Industrial output rose 1.9% in the same month a year ago. Industrial output growth for …

India’s industrial output up 4.9% y/y in March Read More »

BENGALURU (Reuters) – Sapphire Foods India, which operates the Pizza Hut and KFC chains of restaurants, posted its biggest profit fall since listing and missed estimates on Friday, as inflation-weary customers continued to cut back on dining out and ordering in. The Yum Brands franchisee’s consolidated net profit fell 98% to 23.9 million Indian rupees …

Pizza Hut India operator posts biggest profit drop yet on slow demand, piling costs Read More »

By Siddhi Nayak MUMBAI (Reuters) – India’s Punjab National Bank aims to close a planned share sale to large investors over the next 6 months, its chief executive said on Friday, as the state-run lender looks to shore up capital. Banks in Asia’s third-largest economy are boosting their capital base to meet the rising demand …

India’s Punjab National Bank seeks to close institutional share sale in 6 months, CEO says Read More »