Reuters India Business Archives - Page 181 of 1191

India refiners wait for government order on Russian oil purchases, sources say

6 Aug 2025 6 Aug 2025

By Nidhi Verma NEW DELHI (Reuters) -Indian refiners are awaiting government directions on whether to continue buying Russian oil after the United States decided to impose fresh 25% tariffs on Indian goods over New Delhi’s energy ties with Russia, four industry sources said. The new duties, aimed at penalising India for its Russian oil imports, …

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Instant View: Trump order imposes additional 25% tariff on goods from India

6 Aug 2025 6 Aug 2025

MUMBAI (Reuters) -U.S. President Donald Trump issued an executive order on Wednesday imposing an additional 25% tariff on goods from India, saying the country directly or indirectly imported Russian oil. The additional tariffs mean India will face the highest levy along with Brazil, putting it at a significant disadvantage against regional competitors such as Vietnam …

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India’s fuel demand fell 4.3% month-on-month in July

6 Aug 2025 6 Aug 2025

(Reuters) -India’s fuel consumption in July fell by 4.3% month-on-month to 19.43 million metric tons, oil ministry data showed on Wednesday. WHY IT’S IMPORTANT India is the world’s third-largest consumer and importer of oil. The data is a proxy for the country’s oil demand. BY THE NUMBERS Fuel demand in July fell 4% year-on-year to …

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India’s BHEL posts wider quarterly loss on weak power demand, higher expenses

6 Aug 2025 6 Aug 2025

(Reuters) -India’s state-owned Bharat Heavy Electricals Ltd (BHEL) reported a wider first-quarter loss on Wednesday, hurt by lower demand for its power and industrial equipment products and rising costs. The manufacturer’s net loss more than doubled to 4.55 billion rupees ($52 million) in the quarter ended June 30, from 2.13 billion rupees a year earlier. …

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India’s Hero MotoCorp bucks expectations of quarterly profit fall on export growth

6 Aug 2025 6 Aug 2025

(Reuters) -Hero MotoCorp, India’s top two-wheeler maker by sales, reported a slight increase in first-quarter profit on Wednesday, surprising analysts who had expected the profit to fall, as higher exports offset weak domestic sales. The Splendor motorcycle maker recorded a profit of 11.26 billion rupees ($128.39 million) for the three months to June end, compared to …

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Explainer-Where could India look to replace Russian oil?

6 Aug 2025 6 Aug 2025

By Nidhi Verma NEW DELHI (Reuters) -India, which gets more than a third of its oil imports from Russia, is likely to turn to supplies from the Middle East and Africa and other regions if it is forced to cut Russian imports due to possible U.S. penalties. WHY IS INDIA IMPORTING RUSSIAN OIL? India turned …

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Indian winemaker Sula’s profit slumps as urban consumers cut back

6 Aug 2025 6 Aug 2025

(Reuters) -Indian winemaker Sula Vineyards reported a nearly 87% tumble in its quarterly profit on Wednesday due to softening demand from budget-conscious urban consumers for its more affordable wines. City dwellers, stretched thin by slow wage growth, have been tightening their belts for several quarters, pressuring sales at consumer-facing corporations, from Dove soapmaker Hindustan Unilever …

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Indian apparel retailer Trent’s profit growth slows to more than two-year low on muted demand

6 Aug 2025 6 Aug 2025

(Reuters) -Indian apparel retailer Trent posted its slowest quarterly profit growth in at least 10 on Wednesday, as muted urban demand and early monsoons hit in-store shopping. The Tata group company, which owns the popular affordable fashion chain “Zudio”, reported a net profit of 4.3 billion rupees ($49.03 million), up 9.5% from a year ago. …

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China’s Alibaba to exit India’s Eternal via block deal, CNBC-Awaaz reports

6 Aug 2025 6 Aug 2025

(Reuters) -China’s Alibaba Group is likely to exit India’s Eternal in a block deal valued at 53.75 billion rupees ($613 million), CNBC-Awaaz reported on Wednesday, citing sources. Alibaba’s unit Antfin Singapore, which had a 2.08% stake in Eternal as of June-end, will offload all of it at a floor price of 285 rupees, the report …

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India central bank issues final co-lending framework effective January 2026

6 Aug 2025 6 Aug 2025

MUMBAI (Reuters) -India’s central bank published final rules for co-lending arrangements between banks and non-bank financial firms on Wednesday, expanding the scope of such partnerships beyond priority sector lending and introducing tighter norms. The framework, effective January 1, 2026, mandates that the lender retain at least 10% of individual loan exposures on its books and …

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