Reuters India Business

India’s LIC Housing Finance beats profit view on improving asset quality

15 May 2025

(Reuters) -India’s LIC Housing Finance beat fourth-quarter profit expectations on Thursday, helped by healthy asset quality and lower provisions. The non-banking finance company’s (NBFC) profit after tax came in at 13.68 billion Indian rupees ($160 million) for the January-March period, compared to analysts’ average estimate of 13.49 billion rupees as per data compiled by LSEG. …

India’s LIC Housing Finance beats profit view on improving asset quality Read More »

India’s Patanjali Foods quarterly profit rises fuelled by price hikes

15 May 2025

(Reuters) -India’s Patanjali Foods reported a 73.8% increase in quarterly profit on Thursday, becoming the latest packaged edible oil manufacturer to outperform the broader consumer goods sector due to product price increases. The Sunrich edible oil maker’s profit after tax rose to 3.59 billion rupees ($42 million) for the fourth quarter ended March 31, from …

India’s Patanjali Foods quarterly profit rises fuelled by price hikes Read More »

IndusInd Bank finds incorrect recording of interest in microfinance unit

15 May 2025

(Reuters) -IndusInd Bank said on Thursday that an internal audit of its microfinance business found that a sum of 6.74 billion rupees ($79 million) was incorrectly recorded as interest over three quarters of fiscal 2025. The amount was fully reversed on January 10, 2025, the bank said in an exchange filing. IndusInd began the review …

IndusInd Bank finds incorrect recording of interest in microfinance unit Read More »

SingTel to sell $1 billion stake in Bharti Airtel via block deals, Business Standard reports

15 May 2025

(Reuters) -Singapore Telecommunications is expected to sell shares worth $1 billion in Indian telecom major Bharti Airtel on Friday through block deals, the Business Standard newspaper reported on Thursday, citing sources. Southeast Asia’s largest telecom operator, SingTel, is looking to sell 47.6 million Airtel shares at a floor price of 1,800 rupees a share, a …

SingTel to sell $1 billion stake in Bharti Airtel via block deals, Business Standard reports Read More »

Abbott India’s quarterly profit climbs 28% on strong demand

15 May 2025

(Reuters) -Drugmaker Abbott India reported a 28% rise in fourth-quarter profit on Thursday, helped by strong demand for its gastrointestinal and anti-infective medications. The company, known for its PediaSure nutrition drink, reported a profit of 3.67 billion rupees ($43 million) for the quarter ended March 31, up from 2.87 billion rupees a year ago. Revenue …

Abbott India’s quarterly profit climbs 28% on strong demand Read More »

India’s JSW Energy posts quarterly profit rise on strong demand

15 May 2025

(Reuters) -India’s JSW Energy posted a rise in fourth-quarter profit on Thursday, driven by strong demand amid soaring temperatures. The company’s consolidated net profit rose 16.1% to 4.08 billion rupees ($47.7 million) in the quarter, from 3.51 billion rupees in the year-ago period. Revenue from operations rose 15.7% to 31.89 billion rupees. For further results …

India’s JSW Energy posts quarterly profit rise on strong demand Read More »

India issues stricter rules for foreign lawyers flying in for client work

15 May 2025

By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) -Foreign lawyers who fly into India to handle client matters will now have to inform the country’s bar council before they come and will also have to disclose some client details, according to new rules published this week. The rules are part of detailed regulations that …

India issues stricter rules for foreign lawyers flying in for client work Read More »

Indian textile firm Arvind warns US tariffs to hit margins in fiscal year 2026

15 May 2025

By Ananta Agarwal and Hritam Mukherjee (Reuters) -Indian textile manufacturer Arvind’s margins may come under pressure in the first two quarters of the ongoing fiscal year, as it partly absorbs the impact of U.S. tariff policy, a company executive said on Thursday. Top U.S. retailers have been haggling with suppliers over how the costs that …

Indian textile firm Arvind warns US tariffs to hit margins in fiscal year 2026 Read More »

India’s Crompton Greaves misses quarterly revenue view on subdued demand for fans

15 May 2025

(Reuters) -India’s Crompton Greaves Consumer Electricals reported a smaller-than-expected rise in fourth-quarter revenue on Wednesday, while profit was broadly in line, as weak urban demand hit sales of fans, one of its highest selling products. Revenue from operations rose 5% to 20.61 billion rupees in the fourth quarter, below analysts’ average estimate of 21.6 billion …

India’s Crompton Greaves misses quarterly revenue view on subdued demand for fans Read More »

Close Bitnami banner
Bitnami