Reuters India Business

India’s PNB targets record-low bad loan ratio on higher debt recoveries, CEO says

8 May 2025

By Siddhi Nayak MUMBAI (Reuters) -Punjab National Bank (PNB), India’s second-largest state-run lender by assets, aims to recover more soured loans this year, leading to a record-low gross bad loan ratio, a key asset quality metric, CEO Ashok Chandra said on Thursday. The New Delhi-based lender is targeting bad loan recoveries worth 160 billion rupees …

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Rural India’s consumer demand outpaces urban areas for fifth straight quarter, NielsenIQ says

8 May 2025

(Reuters) -India’s consumer goods sector reported an 11% growth in value in the March quarter, as rural growth outpaced that in urban areas for the fifth straight quarter, market research firm NielsenIQ said on Thursday. Rural areas – which account for just over a third of overall consumer goods sales – have become a bright …

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Policybazaar parent PB Fintech’s new India hospital venture raises $218 million

8 May 2025

By Ashwin Manikandan (Reuters) -Policybazaar owner PB Fintech said on Thursday its new healthcare venture has raised $218 million in a seed round, marking its entry into India’s fast-growing healthcare industry. The venture, PB Health, will use the funds to set up four to five hospitals in and around New Delhi by 2027, with a …

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UK dismisses idea that British workers being sold out in India trade deal

8 May 2025

By Sachin Ravikumar and Andrew MacAskill LONDON (Reuters) -British Prime Minister Keir Starmer on Wednesday dismissed the idea that he had sold out British workers by giving a tax break to some Indian workers as part of a free trade agreement with India, calling the claims “incoherent nonsense”. The trade deal announced on Tuesday, which …

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Gold drops over 1% on Powell’s cautious views, easing trade tensions

8 May 2025

By Sherin Elizabeth Varghese and Anjana Anil (Reuters) – Gold prices extended losses on Wednesday, weighed by a stronger dollar and easing China-U.S. trade tensions, while traders were left dissatisfied by Federal Reserve Chair Jerome Powell’s cautious remarks on the U.S. economy. Spot gold, which was already down more than 1% before the meeting, slipped …

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India’s United Breweries profit rises as drinkers opt for pricier beers

7 May 2025

(Reuters) -United Breweries, the largest beer seller in India, reported a 20.5% increase in quarterly profit on Wednesday, lifted by solid demand for higher-priced beers and lower excise duty costs. The Kingfisher beer maker’s standalone profit rose to 973.8 million rupees ($11.50 million) in the fourth quarter ended March 31, from 808.4 million rupees an …

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India’s central bank to require impact analysis in regulation-making process

7 May 2025

BENGALURU (Reuters) -India’s central bank on Wednesday laid down a framework to standardise the process of making and amending rules, including conducting impact analyses of regulations and public consultations. “The framework seeks to standardize the process of making regulations in a transparent and consultative manner,” the Reserve Bank of India (RBI) said in a statement …

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Coal India posts lower quarterly revenue as power demand dwindles

7 May 2025

(Reuters) -Coal India, which produces over 75% of the country’s coal, reported a drop in fourth-quarter revenue on Wednesday, hurt by subdued power demand. The company, which mainly produces thermal coal for power generation and industries, said consolidated revenue from operations fell 1% to 378.25 billion rupees ($4.47 billion) in the quarter ended March 31. …

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India’s Tata Chemicals posts quarterly loss on one-time charge, weak container glass demand

7 May 2025

(Reuters) -India’s Tata Chemicals reported a quarterly loss for a third time in five quarters on Wednesday, hurt by a one-time charge related to its UK operations and weak demand for flat and container glass. The company reported a consolidated net loss of 560 million rupees ($6.6 million) for the quarter ended March 31, narrower …

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India’s Dabur posts quarterly profit fall on slow urban demand

7 May 2025

(Reuters) -Consumer goods maker Dabur India reported a decline in fourth-quarter profit on Wednesday, hurt by sluggish urban demand, although it expects a recovery in consumption in the coming months. Demand in India’s urban markets has been under pressure for several quarters, as the high cost of living continues to weigh on spending, despite a …

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