Reuters India Business

(Reuters) -Indian jeweller and watchmaker Titan reported a 52.5% rise in first-quarter profit on Thursday, benefiting from higher gold prices, even as budget-conscious consumers traded down to low-carat, lightweight designs. Titan, home to the Tanishq and CaratLane jewellery brands, posted a profit of 10.91 billion rupees (nearly $125 million) for the quarter, compared with a …

Indian jeweller Titan’s profit jumps over 50% as gold prices climb Read More »

(Reuters) -Life Insurance Corporation of India reported a 5% rise in first-quarter profit on Thursday, helped by higher premiums from renewed policies, while its margins expanded due to an improvement in its product mix. Profit after tax for the country’s biggest insurer rose to 109.87 billion rupees ($1.26 billion) for the quarter ended June 30 …

India’s LIC posts rise in profit, margins on higher premiums, product mix boost Read More »

(Reuters) -Reliance Industries, India’s biggest buyer of Russian oil, said in its annual report on Thursday that geopolitical and tariff-related uncertainties could hurt trade flows and the demand-supply balance. The operator of the world’s largest refining complex said crude prices remained volatile amid evolving sanctions, shifting tariff policies, and output decisions by the Organization of …

India’s Reliance warns tariff uncertainties could hit trade flows Read More »

By Ashwin Manikandan MUMBAI, August 07 (Reuters) – The Indian rupee shrugged off U.S. President Donald Trump’s additional tariffs on Indian goods on Thursday, as traders and analysts bet on central bank support to steady the currency. The rupee closed largely flat at 87.7025 against the U.S. dollar, up 0.03% from 87.7325 on Wednesday. U.S. …

Rupee holds firm against Trump tariffs on RBI intervention expectations Read More »

By Bharath Rajeswaran and Vivek Kumar M MUMBAI (Reuters) -India’s stock benchmarks erased intraday losses to settle flat on Thursday, as news of a U.S.-Russia presidential meeting helped markets rebound from a slide sparked by the U.S. doubling tariffs on Indian goods. The Nifty 50 and Sensex dropped nearly 1% intraday, hitting their lowest since …

Indian benchmarks erase losses as hopes of US-Russia talks arrest tariff-led slide Read More »