Reuters India Business

(Reuters) -Indian generic drugs maker Dr Reddy’s Laboratories posted a narrow miss of quarterly profit expectations on Wednesday, as it struggled with pricing pressure on drugs and stiff competition in its key North America market. The firm, one of the top three drugmakers in India by revenue, has been strengthening its consumer healthcare portfolio, which …

Dr Reddy’s kicks off India big pharma earnings with narrow profit miss Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended marginally weaker on Wednesday with the strength in the Chinese yuan and exporter activity helping the currency hold above a psychologically important support level. The rupee closed at 86.4075 per U.S. dollar, down slightly from its close at 86.3675 in the previous session but managing …

Rupee dips but firmer yuan, exporter dollar sales cushion losses Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks rose on Wednesday, tracking other Asian markets as the United States’ surprise trade deal announcement with Japan boosted hopes of agreements with other trading partners. The Nifty 50 rose 0.63% to 25,219.9 points and the BSE Sensex added 0.66% to 82,726.64. MSCI’s broadest index …

Indian benchmarks shares track global rally on US-Japan trade deal boost Read More »

By Trixie Yap and Nidhi Verma SINGAPORE/NEW DELHI (Reuters) -A tanker will not load fuel from India’s sanctions-hit Nayara Energy refinery as scheduled, according to three industry sources and LSEG shiptracking data, becoming the second such vessel to change plans following the European Union measures. Nayara Energy, in which Russia’s largest oil producer Rosneft has …

Second tanker to skip fuel loading at sanctions-hit Nayara, sources say Read More »

(Reuters) -Sapphire Foods India, which operates Pizza Hut and KFC restaurants in the country, reported a quarterly loss on Wednesday, as expenses rose and fast-food restaurant chains faced stiff competition from local cafes and online kitchens. The restaurant operator posted a net loss of 18 million rupees ($208,345.39) for the first quarter ended June 30, …

KFC India operator Sapphire posts quarterly loss as expenses rise Read More »