Reuters India Business

Paracetamol maker Granules India’s quarterly profit drops on supply backlog

12 Aug 2025

(Reuters) -Paracetamol maker Granules India reported a first-quarter profit fall on Tuesday, as a supply backlog hit sales. Consolidated profit fell 16.3% to 1.13 billion rupees ($12.9 million) for the quarter ended June 30, and revenue grew 2.6% to 12.1 billion rupees. The Hyderabad-based drugmaker’s North America business, which accounts for more than three-fourths of …

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Abbott India’s profit climbs on healthy pharmaceutical demand

12 Aug 2025

(Reuters) -Drugmaker Abbott India reported an 11.5% rise in first-quarter profit on Tuesday, driven by healthy sales in its mainstay pharmaceuticals segment. The company, known for its PediaSure nutrition drink, reported a profit of 3.66 billion rupees ($41.77 million) for the quarter ended June 30, up from 3.28 billion rupees a year ago. Revenue from …

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Indian drugmaker Zydus Life’s first-quarter profit beats estimates on new US drug launches

12 Aug 2025

(Reuters) -Indian drugmaker Zydus Lifesciences reported first-quarter profit above estimates on Tuesday, driven by new drug launches in the U.S., its biggest market. The company posted a 3.3% rise in consolidated net profit to 14.67 billion rupees ($167.4 million) for the quarter ended June 30, beating analysts’ estimates of 13.25 billion rupees, per data compiled …

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Indian tyre maker MRF’s quarterly profit slips on higher rubber prices

12 Aug 2025

(Reuters) -Indian tyre maker MRF reported a nearly 14% drop in first-quarter profit on Tuesday, pressured by higher rubber costs. Company’s net profit fell to 4.84 billion rupees ($55.24 million) for the quarter ended June 30, compared with 5.63 billion rupees last year. Revenue from operations rose 6.8% to 75.6 billion rupees, while total expenses …

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India’s HMEL plans to shut refinery for 40-day maintenance, sources say

12 Aug 2025

By Mohi Narayan and Nidhi Verma NEW DELHI (Reuters) -India’s HPCL-Mittal Energy Ltd (HMEL) plans to shut its Bathinda oil refinery in the northern Punjab state for about 40 days from early November for maintenance, two sources familiar with the plan said. Some units will also be upgraded during the shutdown, one source said. The …

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Venture capital firm Speciale Invest to back Indian startups with $69 million by 2029

12 Aug 2025

(Reuters) -India’s Speciale Invest will invest 6 billion rupees ($69 million) over the next four years in early-stage startups spanning across sectors including artificial intelligence and space technology, the venture capital company said on Tuesday. The investment into “deep-tech” – innovations that require significant scientific research breakthroughs – comes as Prime Minister Narendra Modi aims …

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Analysis-India’s ethanol drive imperils its push for edible oil self-sufficiency

12 Aug 2025

By Rajendra Jadhav NASHIK, India (Reuters) -India’s drive to produce more ethanol is leading its farmers to switch away from growing oilseeds, undermining government efforts in the world’s largest buyer of cooking oils to reduce costly imports. Helped by record corn and rice harvests, New Delhi is using more of the grains to make ethanol …

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Pilot union objects to India’s call for global code of conduct on pilot poaching

11 Aug 2025

NEW DELHI (Reuters) -A pilot union has objected to the Indian government’s call for a global code of conduct on countries hiring each other’s airline staff, saying the move is contrary to international norms on employment and risks creating conditions of “bonded labour”. Reuters reported last week that India had raised concerns with the International …

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Gold falls as markets await inflation data, Trump clarifies no tariffs on gold

11 Aug 2025

By Ashitha Shivaprasad (Reuters) – Gold prices fell on Monday after President Donald Trump said tariffs will not be placed on imported gold bars, while investors awaited a U.S. inflation report that could provide an indication of the Federal Reserve’s rate outlook. U.S. gold futures for December delivery settled 2.5% lower at $3,404.70 an ounce. …

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India pushes ahead with US trade talks despite tariff hike to 50%

11 Aug 2025

NEW DELHI/MUMBAI (Reuters) -India hopes trade talks with the U.S. will continue even as the U.S. hiked tariffs on its exports to 50% due to New Delhi’s purchase of sanctioned Russian oil, two lawmakers said on Monday, citing a briefing to a parliamentary panel on foreign affairs. Last week, President Donald Trump imposed an additional …

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