Reuters India Business

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee’s recent fall looks overdone to analysts at Barclays while their counterparts at BofA Global Research reckon that portfolio flows and a weak outlook for the dollar may help the rupee rise over the remainder of the year. Both hedge funds and real money investors added long …

Barclays says rupee fall ‘overdone’, BofA Global Research stays bullish Read More »

By Alessandro Parodi (Reuters) -Nokia expects the second half of 2025 to be stronger than the first, CEO Justin Hotard said on Thursday, two days after the network equipment maker issued a profit warning due to a weaker U.S. dollar and tariffs. “Considering these two headwinds, we decided it was prudent at this point to …

Nokia confirms quarterly miss, sees stronger second half if dollar holds Read More »

By Anant Chandak BENGALURU (Reuters) -Growth in India’s private sector remained robust in July, supported by strong manufacturing and international demand, but rising inflation and weaker employment generation tempered the expansion, a business survey showed. Moderation in overall growth came alongside a drop in business confidence to an over two-year low. Firms expressed concerns over …

India’s private sector sees robust growth despite inflation and job concerns, PMI shows Read More »

(Reuters) -Nestle India posted a 12% decline in first-quarter profit on Thursday, as higher raw material costs and expenses tied to its manufacturing expansion weighed on margins, sending shares down more than 5%. Profit fell to 6.59 billion rupees ($76.4 million) for the quarter ended June 30 from 7.47 billion rupees a year ago, the …

Nestle’s India arm posts profit drop as costs bite; shares fall Read More »

(Corrects paragraph 1 in July 23 article to say profit rose 55%, not 52%) (Reuters) -India’s Force Motors clocked an about 55% jump in first-quarter profit, on the back of strong demand for its multi-seater vans. The ‘Traveller’ van manufacturer reported a profit of 1.85 billion rupees ($21.4 million) for the April-June period, up from …

India’s Force Motors logs quarterly profit jump on strong demand for vans (July 23) Read More »

PARIS (Reuters) -France’s Pernod Ricard has agreed to sell its Imperial Blue whisky brand to India’s Tilaknagar Industries for an enterprise value of 412.6 million euros ($486 million), as the spirits group boosts its focus on premium labels. Pernod Ricard sold 22.4 million 9 litre cases of Imperial Blue whisky in the fiscal year ended …

Pernod Ricard sells Imperial Blue whisky to India’s Tilaknagar for $486 million Read More »

(Reuters) -India’s power regulator on Wednesday said it had decided to begin implementing market coupling in a phased manner for electricity trading from January. Market coupling is an economic model used in energy markets to create a single, uniform price for electricity across different trading platforms or exchanges. The regulator’s move is aimed at improving …

India to start market coupling for power exchanges from January Read More »