Reuters India Business

India needs to fast-track nuclear power projects, government committee urges

28 Apr 2025

(Reuters) – India must accelerate execution of nuclear projects, create awareness on their safety and build a strong list of vendors, according to an advisory committee meeting of the country’s power ministry held on Monday. WHY IT’S IMPORTANT In early February, India announced plans to amend its nuclear liability law to boost foreign and private …

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India’s Oberoi Realty misses quarterly profit estimate amid slowing sales

28 Apr 2025

(Reuters) -India’s Oberoi Realty reported a fourth-quarter profit below estimates on Monday, hurt by a slowdown in sales and a lack of new launches. The real-estate developer’s consolidated net profit slumped 45% to 4.33 billion rupees ($51 million) for the quarter ending March 31, missing analysts’ average estimate of 5.73 billion rupees, as per data …

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India’s financial crime agency seizes records, devices at Gensol Engineering

28 Apr 2025

BENGALURU (Reuters) -India’s financial crime fighting agency has raided the premises of embattled Gensol Engineering and seized documents and electronic devices, the company said on Monday. The company, which has come under scrutiny for allegedly defaulting on debt, said that the financial impact of the search and seizure operation at its Gurgaon and Ahmedabad offices …

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India’s AWL Agri Business posts jump in quarterly profit on edible oil demand

28 Apr 2025

(Reuters) -India’s AWL Agri Business, previously known as Adani Wilmar, reported a nearly 22% rise in fourth-quarter profit on Monday, benefiting from higher demand in its core edible oils segment. The consumer goods company, which makes the Fortune brand of cooking oil, reported a consolidated net profit of 1.9 billion Indian rupees ($22.36 million) for …

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Indian, UK trade ministers meet to push for deal under added pressure from Trump

28 Apr 2025

By Alistair Smout LONDON (Reuters) -The British and Indian trade ministers began two days of talks on Monday to conclude more than three years of negotiations on a trade pact, under additional pressure to reach a deal because of Donald Trump’s tariffs on exports to the United States. Indian Commerce Minister Piyush Goyal described his …

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India’s Adani Total Gas posts drop in quarterly profit on higher procurement charges

28 Apr 2025

(Reuters) -India’s Adani Total Gas, reported a drop in fourth-quarter profit on Monday, as a fall in allocated supply from the government led to higher gas purchase costs. The company, a joint venture of Adani Group and French oil major TotalEnergies SE, said its consolidated net profit fell about 8% to 1.55 billion rupees ($18.23 …

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India’s UltraTech warns of heat risks to first-quarter cement demand

28 Apr 2025

By Hritam Mukherjee (Reuters) -UltraTech Cement reported fourth-quarter profit below market expectations on Monday and said soaring summer temperatures are hitting construction activity in India and curbing cement demand. The company’s finance chief Atul Daga said in an analyst call he sees challenging demand span April and May – the months of peak summer in …

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Castrol India’s first quarter profit climbs on stronger engine oil demand

28 Apr 2025

(Reuters) -Engine oil and lubricants producer Castrol India reported an 8% rise in first-quarter profit on Monday on the back of growing demand for its products. Profit at Castrol India, majority-owned by British oil major BP, rose to 2.33 billion rupees ($27.4 million) from 2.16 billion rupees a year ago. Revenue increased 7.3% to 14.22 …

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India’s March industrial output misses expectations but rebounds from 6-month low

28 Apr 2025

NEW DELHI (Reuters) -India’s industrial output in March missed economists’ expectations amid a quicker data release and slower mining activity, but rebounded from a six-month low in the previous month, government data showed on Monday. Industrial output grew 3% year-on-year in March, compared to the 3.3% growth expected by economists polled by Reuters and a …

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India signs $7.4 billion deal to buy 26 Rafale fighter jets

28 Apr 2025

By Shivam Patel and Surbhi Misra (Reuters) -India signed a deal with France on Monday to buy 26 Rafale fighter aircraft worth 630 billion rupees ($7.4 billion) for its navy, the Indian defence ministry said in a statement. India will buy 22 single-seater and four twin-seater fighters, made by France’s Dassault Aviation, the ministry said, …

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