Reuters India Business

(Reuters) -JSW Cement’s [JSWC.NS] 36-billion-rupee ($413 million) IPO was fully subscribed on the third day of bids on Monday, as investors bet on the Indian firm’s long-term growth prospects backed by the government’s push in infrastructure and housing. Cement makers in India, the second-largest global producer of the material, have bet on rising government spending …

JSW Cement’s India IPO fully subscribed on third day of bids Read More »

(Amends headline and text after interviewee corrects planned headcount in India to “approximately 500” from “500 to 550”) By Praveen Paramasivam and Sai Ishwarbharath B CHENNAI (Reuters) -U.S. retailer Best Buy is weighing the expansion of its India headcount to primarily add more digital and technology roles, Nithya Subramanian, senior director, data & AI COE, …

US retailer Best Buy weighs boosting India headcount, Subramanian says (Aug 8) Read More »

By Ashitha Shivaprasad (Reuters) – U.S. gold futures pared gains on Friday, retreating from record high levels, after reports that the White House plans to issue an executive order clarifying the country’s stance on gold bar tariffs. The statement from White House official on the upcoming executive order follows a ruling posted by the U.S. …

US gold futures pare gains after official says White House to clarify tariff policy on bullion bars Read More »

By Chandini Monnappa and Nandan Mandayam (Reuters) -Indian automaker Tata Motors posted a 63% slump in quarterly profit on Friday, its fourth straight quarter of decline, as U.S. tariffs hurt businesses that were already reeling from weak sales. U.S. duties wiped 254 million pounds ($341.33 million) off its quarterly earnings, the company said, adding that …

Indian automaker Tata Motors’ quarterly profit plunges as tariffs, slow sales bite Read More »

By Ashwin Manikandan and Nishit Navin (Reuters) -State Bank of India is confident that corporate loan growth will quicken to double-digit percent despite U.S. tariff-related turmoil, its chairman said on Friday, after treasury profits helped the country’s top bank beat earnings estimates. U.S. President Donald Trump on August 6 imposed an additional 25% tariff on …

India’s SBI confident about double-digit corporate loan rise despite tariff woes Read More »

(Reuters) -Indian gold-loan financier Manappuram Finance reported a drop in first-quarter profit on Friday, as bad-loan provisions in the microfinance segment jumped. The company’s consolidated net profit fell 75% year-on-year to 1.38 billion rupees for the quarter ended June 30. Indian lenders have been reporting rising default rates in microfinance loans – collateral-free small loans …

India’s Manappuram Finance posts drop in profit on microfinance weakness Read More »