Reuters India Business

India’s Blue Star misses profit estimates as costs rise

7 May 2025

(Reuters) -India’s Blue Star reported a smaller-than-expected fourth-quarter profit on Wednesday, hurt by rising expenses, particularly for raw materials. The cooling appliances maker’s consolidated net profit rose 20.6% to 1.94 billion rupees ($22.9 million) in the three months ended March 31, but missed analysts’ expectations of 2.16 billion rupees, as per data compiled by LSEG. …

India’s Blue Star misses profit estimates as costs rise Read More »

India’s equity benchmarks end little changed after India strikes Pakistan

7 May 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) – India’s equity benchmarks ended little changed on Wednesday, coming off early losses, as rising geopolitical tension between India and Pakistan offset expectations of easing global trade tensions. India attacked Pakistan and Pakistani Kashmir on Wednesday and Pakistan said it had shot down five Indian fighter jets …

India’s equity benchmarks end little changed after India strikes Pakistan Read More »

India eases coal supply rules to ramp up power generation capacity

7 May 2025

By Sethuraman N R (Reuters) – India on Wednesday changed rules to allow long-term coal supply contracts for so-called independent power producers as it looks to ramp up its coal-powered plant capacity. The government also did away with the requirement that coal power producers should have power purchase agreements to sell electricity. The moves will …

India eases coal supply rules to ramp up power generation capacity Read More »

Sapphire flags longer road to recovery for Pizza Hut after quarterly sales miss

7 May 2025

(Reuters) -Sapphire Foods India, a franchisee of U.S.-based fast-food major Yum Brands, said Pizza Hut’s recovery in India would take longer, after the company reported quarterly revenue slightly below estimates on Wednesday. Indian operators of U.S. chains such as Pizza Hut, KFC, McDonald’s and Burger King face a double blow, as they grapple not only …

Sapphire flags longer road to recovery for Pizza Hut after quarterly sales miss Read More »

Indian tyre maker MRF beats quarterly profit estimates on demand for replacement tyres

7 May 2025

(Reuters) -Indian tyre maker MRF reported a fourth-quarter profit above analysts estimates on Wednesday, as stronger replacement demand from retail customers outpaced muted sales to carmakers. The company, which supplies to truckmakers such as Ashok Leyland, posted an 31% jump in net profit to 4.98 billion rupees ($59 million) for the quarter ended March 31. …

Indian tyre maker MRF beats quarterly profit estimates on demand for replacement tyres Read More »

Indian exchanges BSE, NSE curb overseas access to their websites, sources say

7 May 2025

MUMBAI (Reuters) -India’s top two exchanges, the National Stock Exchange (NSE) and BSE Ltd, have temporarily restricted access to their websites for overseas users, three sources familiar with the matter said. This does not impact the ability of overseas investors to trade on the Indian markets, the sources said. The decision was taken after a …

Indian exchanges BSE, NSE curb overseas access to their websites, sources say Read More »

Indian forex markets largely unfazed by India strikes in Pakistan

7 May 2025

By Nimesh Vora MUMBAI (Reuters) – India’s forex markets exhibited resilience on Wednesday following India’s strikes in Pakistan, with the rupee’s decline aligning with other Asian currencies and forward premiums witnessing few fluctuations. The rupee was last quoted at 84.5875 against the U.S. dollar, a 0.2% decline for the day, largely mirroring the 0.2%-to-0.4% drop …

Indian forex markets largely unfazed by India strikes in Pakistan Read More »

Foreign investors boost purchases of India’s financial shares in April

7 May 2025

By Bharath Rajeswaran (Reuters) -Foreign portfolio investors scooped up India’s financial stocks in the second half of April, which saw the third-highest monthly inflows into the sector, data from the National Securities Depository showed on Wednesday. FPIs bought 184.09 billion rupees ($2.18 billion) of shares of financial firms in April, helping the Nifty Financial Services …

Foreign investors boost purchases of India’s financial shares in April Read More »

India’s Kansai Nerolac posts surprise quarterly profit fall as costs bite

6 May 2025

(Reuters) -India’s Kansai Nerolac Paints reported an unexpected decline in fourth-quarter profit on Tuesday, as an increase in expenses overshadowed “better-than-the-market” automotive demand. The company’s consolidated net profit for the January-March quarter fell 7% to 1.08 billion rupees ($12.8 million) from a year ago. Analysts on average had estimated it to rise to 1.37 billion …

India’s Kansai Nerolac posts surprise quarterly profit fall as costs bite Read More »

Close Bitnami banner
Bitnami