Reuters India Business

Reliance Industries Q4 profit beats estimates on retail, digital boost

25 Apr 2025

By Sethuraman N R (Reuters) -India’s Reliance Industries beat estimates for fourth-quarter profit on Friday, as strong performance in its retail and digital businesses offset weakness in its oil-to-chemicals (O2C) unit. The Mukesh Ambani-led conglomerate posted a consolidated profit of 194.07 billion Indian rupees ($2.27 billion) for the quarter ended March 31, beating analysts’ expectations …

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India’s IREDA files complaint against Gensol over alleged document fraud

25 Apr 2025

(Reuters) -Indian state-owned renewables lender filed a complaint with the Economic Offences Wing (EOW) against Gensol Engineering and begun an internal review over an alleged submission of falsified documents, it said on Friday. In a statement, the Indian Renewable Energy Development Agency (IREDA), said, “The investigation and risk committes of IREDA are closely examining the …

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India’s Force Motors posts higher quarterly profit on strong demand, one-off gain

25 Apr 2025

(Reuters) -Indian automaker Force Motors on Friday reported a more than three-fold rise in fourth-quarter profit due to higher sales of its multi-seater vans, which are also used as school buses and ambulances, as well as a one-off gain. The company, which makes engines for BMW and Mercedes cars in India, posted a consolidated net …

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India’s vegetable oil industry urges tariff reform to boost domestic refining

25 Apr 2025

NEW DELHI (Reuters) – India’s vegetable oil industry has urged the government to widen the import tariff differential between crude and refined varieties to discourage imports of processed oils and support domestic refining capacity. The vegetable oil industry has invested heavily in port-based refineries to process imported crude oils locally, creating jobs, but rising imports …

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India’s Maruti Suzuki plans up to $1 billion capex for new EV launch, higher exports

25 Apr 2025

By Meenakshi Maidas and Nandan Mandayam (Reuters) -India’s top carmaker Maruti Suzuki plans to invest up to 90 billion rupees ($1 billion) in the current fiscal year, it said on Friday, as it gears up to launch its first electric vehicle, boost exports and expand its existing car plant. Maruti, majority-owned by Japan’s Suzuki Motor, …

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Indian news broadcaster NDTV’s loss deepens over six-fold as production costs weigh

25 Apr 2025

(Reuters) -Indian news broadcaster NDTV posted its sixth consecutive quarterly loss on Friday, with a sixfold increase, due to higher production and marketing costs. The company, primarily owned by Adani Group, has scaled up its operations over the past year by investing in distribution, digital infrastructure, brand building and new channel launches such as NDTV …

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India’s Mahindra Holidays posts weak Q4 earnings on tepid international travel demand

25 Apr 2025

(Reuters) -Mahindra Holidays and Resorts India reported a more than 11% fall in fourth-quarter profit on Friday due to sluggish demand for international travel amid geopolitical tensions and cost pressures. Mahindra Holidays’ consolidated net profit fell to 730.8 million rupees ($8.6 million) in the March quarter, from 823.6 million rupees a year earlier. Geopolitical tensions …

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India’s Tata Technologies misses revenue expectations as EV demand slows

25 Apr 2025

(Reuters) -India’s Tata Technologies reported a smaller-than-expected revenue for the fourth quarter, hurt by slowing global demand for electric vehicles. Tata Technologies provides engineering and technology services to automobile, aero and heavy machinery makers. The company’s consolidated revenue from operations dropped 1.2% to 12.86 billion rupees ($150.6 million) in the January-to-March quarter. Analysts, on average, …

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India’s Shriram Finance posts quarterly profit miss as finance costs bite

25 Apr 2025

(Reuters) -India’s Shriram Finance reported a smaller-than-expected fourth-quarter profit on Friday as high finance costs pressured its bottom line, despite the central bank easing some rules around capital requirements. The non-banking finance company (NBFC) reported a near 10% year-on-year rise in standalone profit to 21.39 billion rupees ($250.5 million) for the quarter ended March 31, …

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India plans incentives for steelmakers to drive decarbonisation, secretary says

25 Apr 2025

By Neha Arora MUMBAI (Reuters) -India is chalking up a host of incentives to spur production of green steel and drive local steelmakers’ decarbonisation efforts, the federal steel secretary said on Friday, as the country aims to reduce its greenhouse gas emissions. India, the world’s biggest steel producer after China, has been working on a …

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