Reuters India Business

Bata India’s quarterly profit drops on sluggish footwear sales, higher costs

11 Aug 2025

(Reuters) -Footwear retailer Bata India reported a drop in first-quarter adjusted profit on Monday, hurt by higher costs and as sluggish consumption trends dragged on sales growth. In the reported quarter, Bata India recorded 47.8 million rupees ($545,251) expenses towards a voluntary retirement scheme at one of its manufacturing unit, and in the year-ago quarter, …

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Air India suspends Delhi-Washington flights due to plane shortages, Pakistan airspace ban

11 Aug 2025

(Reuters) -Air India will suspend services between New Delhi and Washington, D.C. from September due to aircraft shortages caused by upgrades to its Boeing planes and as Pakistan’s airspace ban for Indian carriers affects its international routes. The suspension will mean there are no flights between the two capital cities by an Indian airline, and …

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India plans credit guarantees for small firms, exporters hit by US tariffs, sources say

11 Aug 2025

By Nikunj Ohri and Ashwin Manikandan NEW DELHI/MUMBAI (Reuters) -India is planning to provide credit guarantees for loans overdue up to 90 days to small businesses and exporters, amid higher tariffs imposed by the U.S., two government sources told Reuters. The federal finance ministry has proposed to provide 10%-15% credit guarantees to banks for advancing loans …

India plans credit guarantees for small firms, exporters hit by US tariffs, sources say Read More »

Rupee ends flat as importer dollar demand offsets early gains

11 Aug 2025

By Ashwin Manikandan MUMBAI (Reuters) -The Indian rupee closed unchanged on Monday, as dollar demand from importers offset early gains driven by a softer greenback and recovery in the non-deliverable forward (NDF) market. The rupee opened at 87.5050 but failed to extend gains, ending flat at 87.6600 against Friday’s close of 87.6600. Traders said private …

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Indian shares gain ahead of US-Russia talks; SBI, Tata Motors rise post earnings

11 Aug 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks started the week on a positive note, led by post-earnings gains in State Bank of India and Tata Motors, and as investors picked up stocks after six consecutive weeks of losses as they awaited U.S.-Russia talks. The Nifty 50 rose 0.91% to 24,585.05 points …

Indian shares gain ahead of US-Russia talks; SBI, Tata Motors rise post earnings Read More »

India’s BEML reports narrower quarterly loss on better order execution, non-operating income

11 Aug 2025

(Reuters) -India’s state-owned BEML reported a narrower first-quarter loss on Monday, helped by better order execution and a surge in non-operating income. The heavy equipment manufacturer reported a loss of 641.1 million rupees ($7.3 million) in the April-June period, compared to a loss of 704.7 million rupees in the year-ago quarter. India’s manufacturing sector activity …

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Indian equity MF inflows soar to record high in July

11 Aug 2025

By Bharath Rajeswaran (Reuters) -Fund flows into India’s equity mutual funds soared to a record last month, industry data showed on Monday, as local investors bought the market dip triggered by U.S.-India trade uncertainty and muted corporate earnings. Net flows into equity schemes rose 81% month-on-month to 427.02 billion rupees ($4.9 billion) in July, data …

Indian equity MF inflows soar to record high in July Read More »

Corporate bond fundraising in India set to hit new highs as firms chase low-cost capital

11 Aug 2025

By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -India’s record run in corporate bond issuance is expected to continue through August, as higher-rated companies and banks rush to tap the market for cheaper fundraising, underscoring a broader shift in corporate financing strategies amid declining bond yields and ample liquidity, investors said on Monday. Indian firms …

Corporate bond fundraising in India set to hit new highs as firms chase low-cost capital Read More »

India shuts unit at country’s largest nuclear power plant for maintenance

11 Aug 2025

By Sethuraman N R New Delhi (Reuters) -India has shut a unit at its Kudankulam nuclear reactor, the largest in the country, for scheduled maintenance last week, according to an outage report, possibly spiking power prices for southern regions. The 1,000 megawatt (MW) Unit 1 at Kudankulam in the southern state of Tamil Nadu was …

India shuts unit at country’s largest nuclear power plant for maintenance Read More »

Goodyear India’s first-quarter profit falls on weak auto demand

11 Aug 2025

(Reuters) -Tyremaker Goodyear India reported a 43.6% fall in first-quarter profit on Monday, hurt by dampened automobile demand. The net profit of U.S.-based Goodyear Tire’s Indian unit fell to 141.1 million rupees ($1.61 million) for the three months ended June 30, from 250.3 million rupees a year ago. Goodyear India, which sells tyres, tubes and …

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