Reuters India Business

India’s PVR Inox posts wider quarterly loss on tepid film slate, sluggish urban spending

12 May 2025

(Reuters) -PVR Inox, India’s largest multiplex chain, reported a wider quarterly loss on Monday, as a lacklustre line-up of new film releases and muted urban spending dampened audience turnout. The company, formed by the merger of PVR and Inox labels, reported an adjusted consolidated loss of 1.06 billion rupees ($12.48 million) in the fourth quarter, …

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Indian agrochemicals maker UPL posts higher quarterly profit on strong N.America demand

12 May 2025

(Reuters) -Agrochemicals maker UPL reported a surge in fourth-quarter profit on Monday on strong demand in the North America market and softer raw material costs. The company’s consolidated net profit rose to 8.96 billion rupees ($105.7 million) for the three months ended March 31, from 400 million rupees a year ago. Revenue from operations rose …

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Poultry firm Venky’s India posts drop in fourth-quarter profit on shrinking margins

12 May 2025

(Reuters) -Venky’s India posted a 60% drop in fourth-quarter profit on Monday, as its poultry business margins shrank due to lower price realizations. The Pune-based poultry firm’s profits dropped to 133 million rupees ($1.6 million) in the quarter ended March 31 from the year-ago 335.1 million rupees. Its poultry and poultry products business, which accounts …

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Indian IT exporter LTIMindtree bags $450 million deal, its largest ever

12 May 2025

(Reuters) -Indian software services exporter LTIMindtree bagged a $450 million multi-year deal, its largest ever, the company said on Monday. Its shares rose as much as 7.7%. They were trading about 6% higher before the news, tracking a broader IT sector rally on easing global recession worries. LTIMindtree said the customer was a global agribusiness …

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Indian pharma stocks fall as Trump moves to cut U.S. drug prices

12 May 2025

(Reuters) -Indian pharma stocks fell 1.6% on Monday, bucking broader market gains, after U.S. President Trump said he would cut drug prices by 30%–80% to match other wealthy nations. Trump said he would sign an executive order on Monday to pursue “most favored nation” pricing. The U.S. currently pays nearly three times more for many …

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India’s monsoon rains to arrive early, brightening outlook for crops

10 May 2025

By Mayank Bhardwaj NEW DELHI (Reuters) -Monsoon rains are expected to hit India’s southern coast on May 27, five days earlier than usual, marking the earliest arrival in at least five years, the weather office said, raising hopes for bumper harvests of crops such as rice, corn, and soybean. The monsoon, the lifeblood of the …

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India regulator’s final norms to not limit traders’ intraday derivatives positions, sources say

9 May 2025

By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator has decided against setting hard limits on traders’ intraday options positions when it issues new norms for derivatives, two sources with direct knowledge of the matter said. Securities and Exchange Board of India (SEBI) plans to soon issue these new norms, which will also change how …

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