Reuters India Business

By Hritam Mukherjee (Reuters) -UltraTech Cement, India’s largest cement maker by capacity, posted first-quarter earnings above market expectations on Monday, boosted by higher prices of the construction material. Consolidated net profit, including gains from its India Cements deal in 2024, was 22.26 billion rupees ($258.11 million) – above the 21.56 billion rupees estimated by analysts, …

Higher cement prices help India’s UltraTech beat earnings estimates Read More »

(Reuters) -Indian online delivery firm Eternal reported a more than 70% rise in quarterly revenue on Monday, as its quick commerce order value surpassed that of its food-delivery business for the first time, boosting earnings. Its shares rose as much as 7.5% to 277 rupees after the results, hitting their highest level since February 3, …

India’s Eternal revenue gets a quick-commerce boost Read More »

By Jaspreet Kalra MUMBAI(Reuters) – The Indian rupee logged a modest decline on Monday, pressured by dollar bids from foreign and local private banks, though broad-based weakness in the greenback helped the local currency limit further losses. The rupee closed at 86.2925 against the U.S. dollar, down about 0.2% on the day, after touching a …

Rupee weakens slightly, broad dollar softness cushions pressure Read More »

NEW DELHI (Reuters) -Nayara Energy, an Indian refiner part-owned by Russia’s Rosneft and newly sanctioned by the European Union, has revised payment terms to sell a spot naphtha cargo in a tender issued on Monday, according to a document seen by Reuters. The tweak in payment terms comes after the European bloc released on Friday …

India’s Nayara tweaks payment terms for product export tender after EU sanctions Read More »

(Reuters) -Shares of Reliance Industries hit their lowest in a month on Monday as the quarterly results of its energy and retail segments missed analysts’ expectations. The shares fell as much as 3.6%, marking their worst intraday drop since April 4, when U.S. President Donald Trump’s reciprocal tariffs triggered a global market sell-off. They closed …

Reliance slips to one-month low as key segments’ earnings underwhelm Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes rose on Monday, boosted by strong earnings from heavyweights HDFC Bank and ICICI Bank, while a decline in Reliance Industries, amid concerns over softness in its oil-to-chemicals and retail segments, capped some gains. The Nifty 50 added 0.49% to 25,090.7, while the BSE Sensex …

HDFC Bank, ICICI Bank lead India’s stock benchmarks higher, Reliance caps gains Read More »