Reuters India Business

India’s Arvind Fashions posts earnings rise as affluent consumers splurge on clothing

28 Jul 2025

(Reuters) -Arvind Fashions, which retails the Calvin Klein and Tommy Hilfiger brands in India, reported a 20% rise in quarterly core earnings on Monday, benefiting from new store openings and a focus on higher-priced apparel. The retail chain, which also houses brands such as Arrow and Flying Machine, said its core earnings climbed to 1.48 …

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GAIL India posts bigger-than-expected drop in quarterly profit on higher input costs

28 Jul 2025

(Reuters) -Gas distributor GAIL (India) posted a bigger-than-expected fall in quarterly profit on Monday, as higher raw material costs weighed on stable demand. GAIL, India’s top natural gas distributor by market share, said its net profit after tax fell 30.8% to 18.86 billion rupees ($217.67 million) for the quarter ended June 30. Analysts, on average, …

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India’s Adani Total Gas posts lower quarterly profit as input costs rise

28 Jul 2025

(Reuters) -India’s Adani Total Gas reported a drop in quarterly profit on Monday, as gas purchases became costlier after the government cut cheap supply. The company, a joint venture of Adani Group and French oil major TotalEnergies SE, said its consolidated net profit fell about 3.8% from a year earlier to 1.65 billion rupees ($19 …

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Global slowdown could dampen demand for Indian exports, finance ministry report says

28 Jul 2025

NEW DELHI (Reuters) -A global slowdown could further dampen demand for Indian exports and continued uncertainty on U.S. tariffs may weigh on the country’s trade performance in coming quarters, India’s finance ministry said in its monthly economic report. India’s goods exports fell to $35.14 billion in June, down 9% from May, and remained nearly flat from a year …

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India’s third largest airport operator eyes Oct close for over $500 million bond, sources say

28 Jul 2025

By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) -India’s Bangalore International Airport Ltd (BIAL) plans to raise over 46.3 billion rupees ($535 million) via a second tranche of bonds by early October, three sources told Reuters on Monday. Earlier this month, the company which operates the country’s third-busiest airport, raised 43.62 billion rupees through the …

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India’s Adani Green Energy posts quarterly profit jump on strong power sales

28 Jul 2025

BENGALURU (Reuters) -India’s Adani Green Energy reported a 31% jump in first-quarter profit on Monday, driven by an increase in power sales and higher capacity utilisation, sending shares up 3.5%. India has been aggressively expanding its renewable energy capacity as part of its climate goals and its target of 500 gigawatt non-fossil capacity by 2030. …

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Rupee slips but sidesteps firmer dollar as flows dominate price-action

28 Jul 2025

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee dipped on Monday as month-end dollar bids from importers exerted some pressure, but the currency largely sidestepped the spillover from a firmer dollar, which traders indicated was due to the absence of substantial outflows. The rupee closed at 86.6650 against the U.S. dollar, 0.2% down from …

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India’s Motherson Sumi Wiring reports Q1 profit below estimates on higher expansion costs

28 Jul 2025

(Reuters) – Motherson Sumi Wiring India reported quarterly profit below estimates on Monday due to higher expansion costs. The company’s net profit fell nearly 4% to 1.43 billion rupees ($16.51 million) in the three months ended June, from 1.49 billion rupees a year ago. It came in below analysts’ estimates of 1.53 billion rupees, according …

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India’s TTK Prestige posts 36% profit decline on competition, soft rural demand

28 Jul 2025

(Reuters) -Indian kitchenware maker TTK Prestige reported a 36% decline in quarterly profit on Monday, hurt by subdued rural demand and increased competition, especially from those selling low-priced goods. Consolidated net profit fell to 266.3 million rupees ($3.07 million) for the first quarter ended June 30 from 417.5 million rupees a year ago, according to …

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Indian shares dragged down by Kotak Mahindra Bank, TCS; trade deal delay weighs

28 Jul 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares fell on Monday as financials and IT declined due to weak results from Kotak Mahindra Bank and Tata Consultancy Services’ layoff plans, respectively, and as uncertainty over trade talks with the U.S. hit overall sentiment. The Nifty 50 fell 0.63% to 24,680.9 points, and the …

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