Reuters India Business

Softer dollar, inflows and exporter hedging help rupee brave turbulent month

30 Apr 2025

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee braved multiple headwinds in April including U.S. trade policy flip-flops and India-Pakistan tensions to come out stronger on the back of inflows into equities and as exporters ramped up dollar sales. On the last trading day of the month, the local unit touched its year-to-date high and …

Softer dollar, inflows and exporter hedging help rupee brave turbulent month Read More »

Indian miner Vedanta’s quarterly profit doubles on lower tax rate, higher commodity prices

30 Apr 2025

(Reuters) -Indian metals-to-oil conglomerate Vedanta on Wednesday reported fourth-quarter profit which more than doubled, boosted by a lower tax rate and higher selling prices for aluminium and zinc. The miner’s consolidated profit attributable to owners of the company surged 154% to 34.83 billion rupees (around $412 million) in the quarter. The company said its normalised …

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Indian benchmarks notch monthly gains on trade deal hopes, Pakistan tensions weigh

30 Apr 2025

By Bharath Rajeswaran (Reuters) -Indian benchmarks closed flat on Wednesday but wrapped up a strong month, with both the Nifty 50 and Sensex logging monthly gains on expectations of a U.S.-India trade deal and renewed foreign inflows. The Nifty 50 fell 0.01% to 22,334.2 and the BSE Sensex lost 0.06% to 80,242.24 on Wednesday. For …

Indian benchmarks notch monthly gains on trade deal hopes, Pakistan tensions weigh Read More »

Indian fertiliser maker Coromandel posts profit jump on strong demand

30 Apr 2025

(Reuters) – Coromandel International posted a 73% jump in fourth-quarter profit on Wednesday, boosted by strong demand. The fertiliser maker’s consolidated pre-tax profit rose to 3.84 billion rupees ($45.38 million) in the quarter ended March 31, from 2.22 billion rupees a year earlier. Revenue from operations rose about 27.5% to 49.88 billion rupees, with revenue …

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India’s Exide Industries misses quarterly profit view on higher costs, tepid demand

30 Apr 2025

(Reuters) -Indian battery maker Exide Industries posted a smaller-than-expected quarterly profit on Wednesday, hurt by high raw material prices and sluggish automotive demand. The company’s standalone profit after tax fell 10.3% year-on-year to 2.55 billion rupees ($30.1 million) for the three months ended March 31. Analysts, on average, expected a profit of 2.8 billion rupees, …

India’s Exide Industries misses quarterly profit view on higher costs, tepid demand Read More »

$1.5 billion bond rush on the cards as Indian firms step up debt raises post RBI liquidity boost

30 Apr 2025

By Dharamraj Dhutia MUMBAI (Reuters) -Indian companies, led by state-run firms, have accelerated their plans to raise debt from the markets as the central bank’s fresh bond purchase scheme surprised markets and pushed borrowing costs lower. Four Indian state-run firms – Power Finance Corp, NHPC, IREDA and HUDCO – are set to raise an aggregate …

$1.5 billion bond rush on the cards as Indian firms step up debt raises post RBI liquidity boost Read More »

India’s Varun Beverages beats profit estimates on robust domestic volumes

30 Apr 2025

(Reuters) -India’s Varun Beverages reported first-quarter profit above analysts’ estimates on Wednesday, as the company benefitted from strong demand for beverages in the country. The PepsiCo bottler reported net profit of 7.26 billion rupees ($85.44 million) in the January-March period compared to analysts’ average expectation of 7.08 billion rupees, as per data compiled by LSEG. …

India’s Varun Beverages beats profit estimates on robust domestic volumes Read More »

India central bank has room for more rate cuts, but with caution, says rate panel member

30 Apr 2025

By Siddhi Nayak and Ira Dugal MUMBAI (Reuters) -India has room for more rate cuts, given the declining inflation and elevated uncertainties around growth, but any further policy easing should be calibrated and done with caution, an external member of the country’s rate-setting panel said late on Tuesday. “Going forward, continuing policy easing – both …

India central bank has room for more rate cuts, but with caution, says rate panel member Read More »

UAE’S ADNOC to supply US LPG to India following China-US tariffs, sources say

30 Apr 2025

By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE (Reuters) -Abu Dhabi National Oil Company (ADNOC) will start replacing some of the liquefied petroleum gas it supplies to India with cheaper U.S. cargoes from June, industry sources said, as U.S.-China tariffs rejig global trade flows. The move will enable ADNOC to ship more of its own …

UAE’S ADNOC to supply US LPG to India following China-US tariffs, sources say Read More »

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