Reuters India Business Archives - Page 208 of 1191

India, UK to sign free trade deal during Modi’s visit, cut tariffs on whisky, garments

23 Jul 2025 23 Jul 2025

By Manoj Kumar and Alistair Smout NEW DELHI/LONDON (Reuters) – India and Britain will sign a free trade agreement on Thursday during Prime Minister Narendra Modi’s UK visit, officials said, with New Delhi to ease tariffs on British whisky, cars and some food items, and the UK offering duty-free access to Indian textiles and electric …

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Gold hits five-week peak on trade jitters, lower bond yields

22 Jul 2025 22 Jul 2025

(Reuters) -Gold climbed to a five-week high on Tuesday, drawing strength from trade uncertainty and weaker U.S. bond yields as investors continue to eye U.S. President Donald Trump’s August 1 tariff deadline. Spot gold rose 1% to $3,428.84 per ounce by 2:10 p.m. ET (1810 GMT), hitting its highest since June 16. U.S. gold futures …

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Air India says no issues found in Boeing 787, Boeing 737 fuel control switches

22 Jul 2025 22 Jul 2025

(Reuters) -Air India said on Tuesday it has completed precautionary inspections of the fuel control switch locking mechanism on all its Boeing 787 and 737 aircraft, with no issues detected. The probe into the Air India crash that killed 241 of the 242 people on board and 19 on the ground is focused on the …

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India’s United Breweries posts higher Q1 profit on premium growth, lower costs

22 Jul 2025 22 Jul 2025

(Reuters) -United Breweries, India’s largest beer maker, reported a nearly 6% rise in quarterly profit on Tuesday, benefiting from lower excise duty costs and strong demand for its premium beers. The Kingfisher beer maker’s consolidated profit came in at 1.84 billion rupees ($21.30 million) for the quarter ended June 30, up from 1.74 billion rupees …

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Air India says flight’s power generator catches fire at Delhi airport, grounds for checks

22 Jul 2025 22 Jul 2025

(Reuters) -Air India said on Tuesday it has grounded a passenger jet for checks after a power generator caught fire shortly after landing at India’s capital city, New Delhi. The aircraft’s auxillary power unit (APU) caught fire when its passengers were getting off the aircraft, and was automatically shut down, a spokesperson for the airline …

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Indian refiners’ June crude processing drops 4.2% from a month earlier

22 Jul 2025 22 Jul 2025

(Reuters) -Indian refiners’ crude throughput declined by 4.2% month-on-month in June to 5.41 million barrels per day (22.13 million metric tons), according to provisional government data released on Tuesday. Refinery throughput in May was at 5.47 million barrels per day (23.11 million metric tons). On a year-on-year basis, refinery throughput fell 0.3%. India’s fuel consumption …

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India’s Akasa Air sees Boeing deliveries picking up in coming years

22 Jul 2025 22 Jul 2025

NEW DELHI (Reuters) -India’s Akasa Air expects a pick up in plane deliveries from Boeing over the coming years and to reach its target for a fleet of 226 aircraft by 2032, up from 30 currently, chief financial officer Ankur Goel said on Tuesday. The airline expects available seat kilometers – a measure of passenger-carrying …

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Indian fintech firm Paytm swings to profit, expects further boost

22 Jul 2025 22 Jul 2025

(Reuters) -Indian fintech firm Paytm swung to a profit for the first time since September 2024, driven by robust growth in its lending business and tight cost controls, and said it expects a further improvement in earnings. The company posted a net profit of 1.23 billion rupees ($14.24 million) for the quarter ended June 30. …

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Indian broadcaster Zee’s quarterly revenue falls on advertising woes

22 Jul 2025 22 Jul 2025

(Reuters) -India’s Zee Entertainment Enterprises reported a 14% drop in first-quarter revenue on Tuesday, as the broadcaster was hurt by weak spending by companies on advertisements. Zee, which runs channels like ZeeTV and ZeeCinema, reported consolidated total income of 18.5 billion rupees ($214.24 million) for the three months ended June 30, compared with 21.5 billion …

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India’s stock benchmarks end flat as Reliance, trade jitters offset Eternal gains

22 Jul 2025 22 Jul 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks ended little changed on Tuesday, as the post-earnings surge in Zomato parent Eternal was offset by a drop in Reliance Industries and uncertainty over a trade deal with the United States. The Nifty 50 fell 0.12% to 25,060.9 points, while the BSE Sensex ended …

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