Reuters India Business

India’s NALCO says profit doubles as higher aluminium, copper prices boost margins

21 May 2025

(Reuters) -India’s National Aluminium Company (NALCO), on Wednesday, reported that its fourth-quarter profit more than doubled as higher commodity prices boosted margins. Global prices of base metals, including aluminium, rose sharply over January to March due to lower production in China, falling inventories, and stockpiling by importers due to uncertainties over U.S. tariffs. The benchmark …

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IndiGo hopes bookings will recover in June after India-Pakistan conflict

21 May 2025

By Nandan Mandayam (Reuters) -India’s top airline IndiGo is hoping bookings will rebound in June, after demand for some routes took a sharp hit during the worst fighting between India and Pakistan in decades. “Following the geopolitical disruptions, between April 22 to a few days back, we have seen some impact on our overall revenue …

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India’s Colgate-Palmolive quarterly profit declines on slowing urban demand

21 May 2025

(Reuters) -Colgate Palmolive India posted a drop in fourth-quarter profit on Wednesday, as sales slowed down on softening urban demand and intensified competition. The toothpaste maker’s net profit fell 6.5% to 3.55 billion Indian rupees ($41.51 million) in the quarter ended March 31. Revenue from operations declined nearly 2% to 14.52 billion rupees. Expenses, meanwhile, …

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India’s Mankind Pharma beats profit estimates on demand for drugs to treat chronic illnesses

21 May 2025

(Reuters) -Indian drugmaker Mankind Pharma reported a fourth-quarter profit that beat analysts’ estimates on Wednesday, driven by strong domestic demand for its drugs to treat long-term illnesses. The company, which makes ‘Gas-O-Fast’ antacid tablets and ‘Manforce’ condoms, reported a 10.7% drop in consolidated net profit of 4.21 billion rupees ($49.2 million) for the quarter ended …

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India’s TeamLease Services posts profit growth on staffing demand

21 May 2025

(Reuters) -India’s TeamLease Services reported a 27% rise in fourth-quarter profit, driven by sustained demand for its staffing services. Consolidated net profit rose to 349.6 million rupees ($4.09 million) for the three-month period ended March 31, from 274.8 million rupees a year ago. Recruitment across industries such as consumer and telecom helped boost TeamLease’s mainstay …

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India’s NTPC Green posts bigger quarterly profit on higher power sales, interest income

21 May 2025

(Reuters) -India’s NTPC Green Energy, the renewable energy arm of power producer NTPC, reported a nearly three-fold increase in fourth-quarter profit on Wednesday, driven by higher power sales and interest income, sending its shares up 3%. The company, which made its stock market debut in November last year, said its profit rose to 2.33 billion …

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Indian rupee lags behind Asian peers as foreign banks’ dollar bids weigh

21 May 2025

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed nearly flat on Wednesday, trailing behind its Asian peers as the impact of a weaker U.S. dollar was blunted by strong demand for the greenback from foreign banks, likely on behalf of custodial clients. The rupee closed at 85.6375 per dollar, compared to its previous …

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Indian equity benchmarks snap 3-day losing streak on financial, pharma boost

21 May 2025

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark equity indexes snapped a three-day losing streak on Wednesday, led by gains in pharma and financial stocks, but settled off highs as concerns over foreign outflows kept investors on edge. The Nifty 50 and the BSE Sensex both ended 0.5% higher at 24,813.45 and 81,596.63, …

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India cenbank to slow cash boost after $100 billion injection; surplus transfer eyed, say investors

21 May 2025

By Dharamraj Dhutia MUMBAI (Reuters) – The Reserve Bank of India is expected to slow its liquidity infusion after pumping 8.57 trillion rupees ($100.06 billion) into the banking system since December, with a large surplus transfer to the government expected soon, several investors said. The central bank concluded its final scheduled open market bond purchase …

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