Reuters India Business

India’s gold demand to hit 5-year low as record prices dent jewellery sales, WGC says

31 Jul 2025

By Rajendra Jadhav MUMBAI (Reuters) -India’s gold consumption in 2025 is set to fall to a five-year low, as record-high prices are denting jewellery purchases, overshadowing a slight boost in investment demand, the World Gold Council said on Thursday. Gold demand in the world’s second-biggest consumer of the precious metal could stand between 600 metric …

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Unilever’s India unit posts higher profit on rural recovery, portfolio revamp

31 Jul 2025

(Reuters) -Consumer goods maker Hindustan Unilever reported a nearly 8% increase in quarterly profit on Thursday, driven by an ongoing recovery in rural sales and higher demand for its revamped brands including Ponds. The Indian unit of UK’s Unilever, home to the Dove and Surf Excel brands, said its profit rose to 27.32 billion rupees …

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Trump tariffs rattle India’s markets, cloud growth outlook

31 Jul 2025

By Jaspreet Kalra, Nikunj Ohri and Bharath Rajeswaran MUMBAI (Reuters) -India’s rupee plunged toward a record low and equity indexes declined on Thursday after U.S. President Donald Trump slapped steeper-than-expected tariffs on Indian goods, with analysts warning of sustained pressure on the country’s growth. The 25% tariffs announced could shave off the South Asian nation’s …

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Trump says US does very little business with India, almost none with Russia

31 Jul 2025

(Reuters) -U.S. President Donald Trump said that the United States has done very little business with India, and that Russia and the U.S. do almost no business together. “I don’t care what India does with Russia”, he said in a Truth Social post on Thursday, adding that “they can take their dead economies down together, …

Trump says US does very little business with India, almost none with Russia Read More »

India’s PNB to focus on project financing to revive business loan growth, CEO says

31 Jul 2025

By Ashwin Manikandan and Nishit Navin MUMBAI (Reuters) -Punjab National Bank will focus on financing infrastructure, smart metering and renewable energy projects to revive its business loan growth, CEO Ashok Chandra said on Wednesday. The New Delhi-based company, India’s second-largest state-owned lender by market value, had said earlier this year that it was targeting 11%-12% …

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Trump says US, India still negotiating after 25% US tariff threat

31 Jul 2025

By Nandita Bose, Aftab Ahmed and Trevor Hunnicutt WASHINGTON/NEW DELHI (Reuters) -President Donald Trump said on Wednesday the United States is still negotiating with India on trade after announcing earlier in the day the U.S. would impose a 25% tariff on goods imported from the country starting on Friday. The 25% tariff, as well as …

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Supertanker delivers oil to sanctioned Nayara Energy’s Vadinar refinery, sources say

31 Jul 2025

SINGAPORE/NEW DELHI (Reuters) -Supertanker Kalliopi was in the process of discharging Iraqi oil for India’s Nayara Energy on Wednesday, the first delivery of crude for the refiner since it was sanctioned by the European Union, five sources familiar with the matter said. More than half of the two million barrels of Basrah volume on board …

Supertanker delivers oil to sanctioned Nayara Energy’s Vadinar refinery, sources say Read More »

Agrichemicals firm FMC to divest India business amid market pressures

31 Jul 2025

(Reuters) -Agrichemicals company FMC Corp said on Wednesday it intends to divest its commercial business in India, in response to challenges in the country. Shares of the company, which also lowered its forecast for annual sales, rose over 1% in trading after the bell. FMC, which makes insecticide and fungicide, saw a sharp drop in …

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Global stock index dips, dollar climbs as Fed’s Powell holds off on Sept rate cut verdict

30 Jul 2025

By Sinéad Carew and Samuel Indyk NEW YORK/ LONDON (Reuters) -MSCI’s global equities gauge stumbled on Wednesday while the U.S. dollar extended gains after Federal Reserve chair Powell dampened investor hopes for an interest rate cut in September, saying that it was too soon to make a decision and copper prices tumbled on hefty U.S. …

Global stock index dips, dollar climbs as Fed’s Powell holds off on Sept rate cut verdict Read More »

Gold falls over 1% after Fed keeps rates steady, strong US data

30 Jul 2025

By Sherin Elizabeth Varghese and Sarah Qureshi (Reuters) – Gold fell more than 1% on Wednesday as the Federal reserve held interest rates steady and gave little indication of when cuts might occur, while strong U.S. economic data further dimmed the appeal of the zero-yield asset. Spot gold was down 1.5% at $3,275.92 per ounce, …

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