Reuters India Business

Rupee extends slide on foreign outflows, dollar demand from oil firms

4 Aug 2025

By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee extended its decline against the U.S. dollar on Monday, pressured by persistent foreign outflows and sustained dollar demand from importers, particularly state-run oil companies, traders and analysts said. The rupee closed at 87.6550 to the dollar, compared with Friday’s close of 87.5400. The currency had opened …

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Akzo Nobel India’s quarterly profit drops on weak retail demand

4 Aug 2025

(Reuters) -Akzo Nobel India’s first-quarter profit fell on Monday, hurt by weak retail demand for its paints, including the premium ‘Dulux’ brand. Consolidated net profit fell over 20% on-year to 910 million rupees ($10.4 million) for the April-June quarter, while revenue slid 4%. “In Q1 … retail was subdued due to tepid consumer demand and …

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India’s Escorts Kubota posts first-quarter profit rise as margins improve

4 Aug 2025

(Reuters) -India’s Escorts Kubota posted a 19% rise in first-quarter profit on Monday on improvement in its margins as higher tractor realisations and lower expenses outweighed weak demand for its construction equipment. The company, majority-owned by Japanese tractor maker Kubota, logged profit before exceptional items and taxes of 4.18 billion rupees ($47.70 million) in the …

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India’s Shree Cement tops profit view on cost control

4 Aug 2025

(Reuters) -India’s Shree Cement topped first-quarter profit expectations on Monday, helped by fuel-led expense control measures. Shree’s net profit nearly doubled to 6.19 billion rupees ($70.7 million) in the three months ended June 30. Analysts, on average, had expected 5.43 billion rupees, data from LSEG showed.  Operating revenue rose 2.3% to 49.48 billion rupees, but …

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India’s Marico beats profit view on steady demand for packaged oil

4 Aug 2025

(Reuters) -Indian consumer goods maker Marico reported a first-quarter profit on Monday that topped analyst expectations, benefiting from steady demand for its cooking and hair oils. Its consolidated net profit rose nearly 9% to 5.04 billion rupees ($57.51 million) in the April-June quarter, beating analysts’ expectations of 4.86 billion rupees, according to data compiled by …

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India’s July palm oil imports drop as soyoil shipments surge, dealers say

4 Aug 2025

By Rajendra Jadhav MUMBAI (Reuters) -India’s palm oil imports fell in July because of cancellations in import contracts, while soyoil shipments surged to a 3-year high due to competitive prices and the delivery of delayed shipments from June, according to five dealers. Lower palm oil imports by India, the world’s biggest buyer of vegetable oils, …

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India regulator calls for structural reforms in derivatives trading, FT reports

4 Aug 2025

(Reuters) -India’s markets regulator is advocating “structural reforms” for the country’s derivatives market, following measures to limit retail participation and a temporary ban on U.S. trading firm Jane Street over alleged manipulation, the Financial Times reported on Monday. The Securities and Exchange Board of India Chair Tuhin Kanta Pandey told the newspaper that the regulator …

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India’s JSW Cement sets IPO price range at 139-147 rupees

4 Aug 2025

(Reuters) -India’s JSW Cement [JSWC.NS] has priced its 36 billion rupees ($412.72 million) initial public offering between 139 to 147 rupees, a newspaper advertisement showed on Monday. ($1 = 87.2270 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru; Editing by Rashmi Aich)

Indian rupee seen under pressure on US tariff worries, RBI policy in focus

4 Aug 2025

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The rupee is likely to stay under pressure this week as concerns over steep U.S. tariffs on Indian exports linger, while the Reserve Bank of India’s upcoming policy decision also looms large over the currency and government bonds. The rupee closed at 87.54 against the U.S. dollar …

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