By Praveen Paramasivam (Reuters) -India’s Colorbar Cosmetics is planning to go public in early 2027, after doubling its revenue this financial year by upgrading its designs, launching new products and opening more stores, the makeup and skincare brand’s top boss told Reuters. Brands catering to wealthier Indians have weathered a high cost-of-living-led slowdown in consumer …
Indian cosmetics brand Colorbar eyes IPO in early 2027 Read More »
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) -Turkey-based Celebi, which provides airport ground handling in India, has launched a legal challenge to New Delhi’s decision to overturn its security clearance, arguing that “vague” national security concerns were cited without reasoning. Amid growing public anger in India about Turkey’s stance on Pakistan in the India-Pakistan …
Turkey’s Celebi sues India over ‘vague’ clearance pullback amid Pakistan conflict Read More »
By Sarah Qureshi (Reuters) – Gold prices dropped more than 2% on Friday and were set for their worst week since November, as increased risk appetite from the U.S.-China trade agreement weighed on the market. Spot gold fell 1.6% to $3,188.25 an ounce as of 1350 ET (17:50 GMT) and was down 4.1% so far …
Cooling trade tensions set gold on track for worst week since November Read More »
(Reuters) -Basmati rice producer KRBL on Friday reported a rise in fourth-quarter profit, helped by the strong overseas demand for its rice products. KRBL, known for its ‘India Gate’ brand of basmati rice, reported consolidated net profit of 1.54 billion rupees ($18 million) in the fourth quarter, up 35% from a year ago. India had …
India’s KRBL posts higher quarterly profit on international demand Read More »
(Reuters) -The Indian Renewable Energy Development Agency said on Friday it had filed a bankruptcy application against Gensol Engineering’s electric vehicle leasing unit, two days after filing a bankruptcy case against the troubled company. Gensol EV Lease Ltd owes a default amount of 2.18 billion rupees ($25.48 million), the state-owned agency said. The IREDA filed …
India’s IREDA files second bankruptcy case against Gensol Engineering Read More »
(Reuters) -India’s Heritage Foods reported a nearly 15% rise in fourth-quarter profit on Friday, buoyed by strong demand for its diary products. The company’s consolidated profit before tax and exceptional items rose to 628.8 million Indian rupees ($7.35 million) in the three months ended March 31, from 548.29 million rupees a year ago. In May, …
India’s Heritage Foods posts quarterly profit rise on strong demand for dairy items Read More »
(Reuters) -Indian logistics services firm Delhivery reported a fourth-quarter profit on Friday, as higher spending to attract client demand paid off amid tough competition from e-commerce firms’ pivot to in-house logistics. The company’s consolidated profit came in at 725.6 million rupees ($8.5 million) for January-March, compared to a loss of 684.7 million rupees a year …
India’s Delhivery posts fourth-quarter profit as spends to attract demand pay off Read More »
May 16 (Reuters) – Indian banks’ loans rose 9.9% in the two weeks to May 2 from a year earlier, while deposits rose 10%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 984.45 billion rupees ($11.51 billion) to 182.86 trillion rupees in the two weeks to May 2. Non-food …
Indian banks’ loans rose 9.9% y/y in two weeks to May 2 – central bank Read More »
By Nandan Mandayam and Meenakshi Maidas (Reuters) -Hyundai Motor India said on Friday it expects exports to grow 7%–8% in the fiscal year to March 2026, after a 14% rise in fourth-quarter overseas shipments helped it beat profit estimates. The carmaker posted a quarterly profit of 16.14 billion rupees, down 4% year-on-year but well above …
Hyundai India aims for 7%-8% annual exports growth after quarterly profit beat Read More »
By Bharath Rajeswaran (Reuters) -India’s benchmark equity indexes posted a weekly rise as investors cheered a truce with Pakistan, trade talks with the United States and expectations of domestic interest rate cuts. The Nifty 50 rose 4.21% to 25,019.80 for the week and the BSE Sensex gained 3.62% to 82,330.59. On the day, the indexes …
Indian shares log weekly gains on ceasefire with Pakistan, US deal hopes Read More »
