Reuters India Business

By Rishika Sadam and Kashish Tandon (Reuters) -Cipla, India’s third-largest drugmaker by sales, posted fourth-quarter profit above estimates on Tuesday and said it will focus on new drug launches in the key domestic and U.S. markets to drive growth in the coming years. In India, its largest market by sales, Cipla plans to launch innovative …

India’s Cipla beats quarterly profit, banks on new drug launches for growth Read More »

(Reuters) – India’s retail inflation remained below the central bank’s 4% target for the third consecutive month as food prices rose at a slower pace, opening up room for more interest rate cuts to support growth in the world’s fifth-largest economy. Annual retail inflation slowed to 3.16% in April from 3.34% in March, marking its …

Instant View: India’s April retail inflation eases to near six-year low Read More »

By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) – India’s retail inflation remained below the central bank’s 4% target for the third consecutive month as food prices rose at a slower pace, opening up room for more interest rate cuts to support growth in the world’s fifth-largest economy. Annual retail inflation slowed to …

India’s inflation slows to lowest in nearly 6 years, making room for more rate cuts Read More »

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s benchmark indexes logged their biggest daily losses in a month on Tuesday, weighed down by profit-booking and concerns over foreign flows moving to China after its trade truce with the U.S. The Nifty 50 fell 1.39% to 24,578.35 and the BSE Sensex lost 1.55% to 81,148.22. …

Indian benchmarks fall on foreign flow jitters, profit-booking Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed nearly flat on Tuesday as a fall in local equities and dollar bids from state-run banks ate into the currency’s early gains spurred by the cessation of military hostilities between India and Pakistan. The rupee touched a peak of 84.6350 in early trading before ending …

Rupee ends nearly flat; weak equities erode India-Pakistan truce-spurred rise Read More »

NEW DELHI (Reuters) – India is looking at levying import duties on some products made in the United States to counter Washington’s tariffs on steel and aluminium products, a document submitted to the World Trade Organization shows. “The proposed suspension of concessions or other obligations takes the form of an increase in tariffs on selected …

India considers counter duties on US products, notice to WTO shows Read More »