Reuters India Business

India’s EID Parry reports narrower quarterly loss on higher distillery output

6 Aug 2025

(Reuters) -Indian sugar and ethanol maker EID Parry reported a narrower loss in the first-quarter profit on Wednesday, aided by strong performance in the distillery segment. The Murugappa group company’s loss narrowed to 279.2 million rupees ($3.2 mln) in the three months ended June 30, from a loss of 785.9 million rupees a year earlier. …

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Coal India liberalises long-term supply deals to allow power sale on exchanges

6 Aug 2025

SINGAPORE (Reuters) -State-run Coal India has allowed utilities to sell power generated from fuel supplied under long-term deals called “linkage contracts” on power exchanges, it said in a notice on Wednesday. The move would enable consistent demand for coal, Coal India said in the notice dated August 6, which was reviewed by Reuters. The decision …

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Factbox-Exports of oil products by private Indian refiners

6 Aug 2025

By Nidhi Verma and Mohi Narayan NEW DELHI (Reuters) -India’s exports of refined fuel are in the spotlight after last month’s European Union sanctions while U.S. President Donald Trump has threatened a tariff hike over its oil purchases from Russia. The South Asian nation became the top buyer of Russian seaborne crude after Moscow’s 2022 …

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Indian drugmaker Divi’s misses June-quarter profit view on weak US pricing

6 Aug 2025

(Reuters) -India’s Divi’s Laboratories reported first-quarter profit below estimates on Wednesday, as manufacturers producing generic drugs continued to be negatively impacted by pricing pressures in the key U.S. market, sending shares down 3.3%. The Hyderabad-based company’s consolidated net profit rose 26.7% to 5.45 billion rupees ($62 million) for the quarter ended June 30. Analysts, on …

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India’s FX reserves drop $9 billion to about $689 billion, reflecting tariff-driven rupee defence

6 Aug 2025

MUMBAI, August 6 (Reuters) -India’s foreign exchange reserves fell to $688.9 billion as of August 1, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday. The forex reserves fell $9.3 billion compared to the previous week, which economists said reflects the central bank’s defence of the rupee amid tariff-related uncertainties. Detailed data on forex …

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India holds rates as expected but flags risks from US tariffs

6 Aug 2025

By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -India’s central bank held key interest rates steady on Wednesday as expected, saying the economy remains steady, even though economists expect steep U.S. tariffs on Indian exports and subdued inflation to open room for limited further easing. India faces the imposition of a 25% tariff on its …

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Indian power plants tap stockpiles, cut purchases as coal use slides

6 Aug 2025

By Sudarshan Varadhan and Sethuraman N R SINGAPORE/NEW DELHI (Reuters) -India’s power plants are withdrawing more coal from record high inventories and slashing fresh purchases from state-run Coal India, as coal use for power generation fell for a fourth month despite a rise in electricity demand. Coal-fired power plants typically draw from inventories when electricity …

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How India-US trade talks unravelled

6 Aug 2025

By Manoj Kumar NEW DELHI (Reuters) -U.S. President Donald Trump last Wednesday announced 25% tariffs on Indian imports from August 7 and threatened more penalties over New Delhi’s purchases of Russian oil. Below is a timeline of how India, once seen as the frontrunner for a U.S. deal, ended up facing steep tariffs after Trump …

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India’s IOC buys Nigerian crude for September delivery, sources say

6 Aug 2025

SINGAPORE (Reuters) -Indian Oil Corp (IOC), India’s top refiner, has bought one million barrels of Nigeria’s Agbami crude oil for September delivery, trade sources said on Wednesday. The tender, conducted via ICE chat, was awarded to Trafigura, they added. The price was not immediately known. Last week, IOC bought 7 million barrels crude from the …

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India’s two state-run firms to issue over $500 million of debt in August, sources say

6 Aug 2025

By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -Indian state-run companies NHPC and NTPC Green Energy will raise around 45 billion rupees (about $512.6 million) through the sale of short-term bonds this month, three sources aware of the matter said on Tuesday. Hydropower company NHPC is set to raise around 20 billion rupees through the …

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