Reuters India Business

India GDP growth likely accelerated in March quarter on rural demand, state spending

30 May 2025

By Manoj Kumar NEW DELHI (Reuters) -India’s economic growth likely picked up pace in the January–March quarter, buoyed by stronger rural demand and higher government spending, even as private firms delayed investments amid global uncertainties. Gross domestic product (GDP) is expected to have grown 6.7% year-on-year in the March quarter, up from 6.2% in the …

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Oil prices fall as investors assess US court ruling on Trump tariffs

29 May 2025

By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 1% on Thursday, retreating from earlier gains, as investors weighed the potential effects of a U.S. court ruling that blocked the most sweeping of President Donald Trump’s tariffs. The market also watched for potential new U.S. sanctions curbing Russian crude flows and an OPEC+ decision on …

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Gold holds firm as markets digest court roadblock on tariffs

29 May 2025

By Ashitha Shivaprasad (Reuters) – Gold prices rose in volatile trading on Thursday, aided by softer jobs data, while market participants also digested a court ruling that blocked most of U.S. President Donald Trump’s tariffs. Spot gold reversed course to rise 0.9% to $3,318.69 an ounce, as of 02:35 p.m. ET (1835 GMT), after hitting …

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India markets regulator strengthens risk monitoring of equity derivatives

29 May 2025

(Reuters) -India markets regulator on Thursday issued a set of measures to strengthen risk monitoring of equity derivatives, including the monitoring of market wide position on single stock derivatives. As part of the measures, the Securities and Exchange Board of India (SEBI) decided against setting hard limits on traders’ intraday options positions, but changed how …

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India’s Bajaj Auto warns China magnet delays will hit EV output by July

29 May 2025

By Nandan Mandayam (Reuters) -Indian automaker Bajaj Auto on Thursday warned that any further delays in securing the supply of rare earth magnets from China could “seriously impact” electric vehicle production by July. China controls more than 90% of global processing capacity for the magnets used for automobiles, clean energy and home appliances. The country …

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Indian two-wheeler maker Ola Electric’s quarterly loss widens, targets profitability in FY26

29 May 2025

By Meenakshi Maidas (Reuters) -India’s top electric two-wheeler maker, Ola Electric Mobility said on Thursday that it is targeting profitability in fiscal year 2026 and gross margin improvement. Earlier in the day, the firm reported a wider quarterly loss, hurt by falling sales, steep discounts and a one-time warranty expense provision. Ola Electric provided a …

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Indian battery maker Amara Raja’s quarterly profit falls on higher costs

29 May 2025

(Reuters) -Indian battery maker Amara Raja Energy & Mobility reported a 27% fall in fourth-quarter profit on Thursday, as higher costs overshadowed steady demand for its services. Analysts said Amara Raja’s power and operational costs were higher in the quarter, although the company benefited from steady demand for auto aftermarket services, which includes replacing original …

Indian battery maker Amara Raja’s quarterly profit falls on higher costs Read More »

Hopeful of a good outcome soon in India-US trade talks, India’s chief negotiator says

29 May 2025

NEW DELHI (Reuters) -Trade talks between India and the United States are progressing well, New Delhi’s chief negotiator said on Thursday, adding that he expects a good outcome soon. New Delhi is seeking to clinch a trade deal with Washington within the 90-day pause on tariff hikes announced by President Donald Trump on April 9 for major …

Hopeful of a good outcome soon in India-US trade talks, India’s chief negotiator says Read More »

India’s Sobha posts profit surge on new home launches, rising prices

29 May 2025

(Reuters) -Property developer Sobha posted a surge in fourth-quarter profit on Thursday, boosted by new apartment launches and strong price growth in its key Bengaluru market. Consolidated net profit soared nearly six-fold to 408.6 million rupees ($4.8 million) in the January-March quarter, while revenues jumped 62.6%. The company also announced a dividend of 3 rupees …

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India’s Samvardhana Motherson misses quarterly profit estimates as global car sales decline

29 May 2025

(Reuters) -Samvardhana Motherson, India’s top auto parts maker by market capitalisation, missed quarterly profit estimates on Thursday, hurt by weak global vehicle sales. The company’s consolidated profit dropped 23% to 10.51 billion rupees (about $123 million) for the quarter ended March 31. Analysts, on average, expected a profit of 10.95 billion rupees, according to data …

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