Reuters India Business Archives - Page 314 of 1191

India’s AWL Agri Business ups sales forecast on delivery boom, easing food prices

29 Apr 2025 29 Apr 2025

By Praveen Paramasivam and Mayank Bhardwaj (Reuters) -Indian consumer goods firm AWL Agri Business, formerly known as Adani Wilmar, raised its forecast for fiscal 2026 sales volumes, expecting growth to surpass 10%, as it bets on the boom in 10-minute delivery platforms and softer food prices. Inflation slipped to a more-than-five-year low in March, even …

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Indian mattress maker Duroflex to push ahead with IPO, eyes double-digit revenue growth

29 Apr 2025 29 Apr 2025

By Praveen Paramasivam (Reuters) -Indian mattress maker Duroflex is looking to go public in the next 18 months and is charting out plans to hit double-digit revenue growth in the next few years, its top boss told Reuters. The company, which competes with Sleepwell-owner Sheela Foam and Wakefit in the more than $2 billion mattress …

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U.S. accounting firms tap India to alleviate talent crunch

29 Apr 2025 29 Apr 2025

By Sai Ishwarbharath B BENGALURU (Reuters) -U.S. accounting firms including RSM US, Moss Adams, Bain Capital-backed Sikich and Apax Partners-backed CohnReznick are expanding their operations in India to tackle an acute shortage of accountants at home. The surge in recruitment has started boosting enrolment in specialised commerce courses in India, and could establish Asia’s No. …

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India’s Canara HSBC Life Insurance Company files for initial public offering

29 Apr 2025 29 Apr 2025

(Reuters) -India’s Canara HSBC Life Insurance Company has filed for an initial public offering, draft papers showed on Tuesday, with its existing shareholders looking to sell their stake. Canara HSBC Life Insurance Company is a joint venture promoted by India’s state-owned Canara Bank, which owns a 51% stake, and HSBC Group’s HSBC Insurance (Asia Pacific) Holdings, …

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Rupee to weaken after Pakistan official’s comments heighten cross-border risks

29 Apr 2025 29 Apr 2025

By Nimesh Vora MUMBAI (Reuters) -The Indian rupee is set to weaken on Tuesday after comments from Pakistan’s defence minister warning of an imminent military incursion by New Delhi raised concerns about a further increase in tensions between the two neighbours. This comes after a deadly militant attack on tourists in Kashmir last week, for …

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Brent crude oil prices drop on demand fears

28 Apr 2025 28 Apr 2025

By Erwin Seba HOUSTON (Reuters) -Brent crude oil prices fell more than $1 a barrel on Monday morning as economic worries from the U.S.-China trade war were pressuring demand. Brent crude futures settled at $65.86 a barrel, down $1.01, or 1.51%. U.S. West Texas Intermediate crude finished at $62.05 a barrel, down 97 cents or …

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Gold rebounds as bargain-hunting kicks in

28 Apr 2025 28 Apr 2025

By Anjana Anil and Ishaan Arora (Reuters) – Gold prices reversed course to edge higher on Monday as bargain-hunting kicked in, while market focus was on U.S.-China trade developments and a slew of economic data. Spot gold was up 0.5% at $3,335.30 an ounce as of 2:06 p.m. ET (1806 GMT) after falling as much …

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One of first US trade deals may be with India, Treasury’s Bessent says

28 Apr 2025 28 Apr 2025

By Andrea Shalal, David Lawder and Doina Chiacu WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Monday said many top trading partners of the United States had made ‘very good’ proposals to avert U.S. tariffs, and one of the first deals to be signed would likely be with India. Speaking to reporters after two early …

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India’s Urban Company files draft papers for $223 million IPO

28 Apr 2025 28 Apr 2025

(Reuters) -Tiger Global-backed Indian startup Urban Company filed for an initial public offering of 19 billion rupees ($223 million), its draft papers released on Monday showed. Urban Company, which provides mobile app-based beauty and home care services, will raise up to 4.29 billion rupees by selling new shares, while existing investors plan to offload stock …

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IndusInd Bank’s deputy CEO Arun Khurana resigns amid accounting blunder

28 Apr 2025 28 Apr 2025

MUMBAI/BENGALURU (Reuters) – India’s IndusInd Bank on Monday announced the resignation of deputy CEO Arun Khurana, weeks after the private lender disclosed accounting lapses in its derivatives portfolio that triggered a rout in its shares. In light of the recent accounting issues related to internal derivative trades, “I having oversight of the Treasury Front office …

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