Reuters India Business

Hindustan Zinc CFO flags price volatility on tariff risks, sees strong FY26 growth

25 Apr 2025

By Manvi Pant and Anuran Sadhu (Reuters) -Hindustan Zinc expects strong growth in fiscal 2026 despite global price volatility caused by U.S. tariff uncertainty, a top executive told Reuters on Friday, after the miner reported a jump in quarterly profit. Zinc prices, which averaged at about $2,900 a ton in financial year 2025, have oscillated …

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India’s Canara Robeco Asset Management files for IPO

25 Apr 2025

(Reuters) -India’s Canara Robeco Asset Management Company has filed for an initial public offering, draft papers showed on Friday, with its existing shareholders looking to sell stakes at a time when the IPO market is slowing. Canara Robeco is a joint venture between India’s state-owned Canara Bank and Netherlands-headquartered ORIX Corporation Europe, which is a …

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India’s forex reserves jump to six-month high of $686.2 billion

25 Apr 2025

MUMBAI (Reuters) -India’s foreign exchange reserves rose for a seventh consecutive week and stood at a six-month high of $686.15 billion as of April 18, according to data released by the central bank on Friday. The reserves rose by $8.3 billion in the reported week, after increasing by a cumulative $39.2 billion in the prior …

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Factbox-India-Pakistan trade faces new blow after Kashmir attack, diplomatic rift

25 Apr 2025

By Manoj Kumar and Ariba Shahid NEW DELHI/ISLAMABAD (Reuters) -India and Pakistan’s reciprocal actions following the killing of 26 men by suspected militants at a tourist spot in Kashmir are set to further curtail trade, which has more than halved since 2018, trade analysts and exporters said. Here are key trade issues between the two …

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Indian benchmarks trim weekly gains as Kashmir attack fuels geopolitical concerns

25 Apr 2025

By Bharath Rajeswaran (Reuters) -India’s benchmark indexes declined on Friday, limiting their weekly gains, weighed by broad-based sectoral losses and investor anxiety over geopolitical tensions following a deadly militant attack in Kashmir. The Nifty 50 fell 0.86% to 24,039.35 while the BSE Sensex lost 0.74% to 79,212.53. Both the benchmarks rose about 0.8% each this …

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India’s Dr Lal Path Labs beats quarterly profit view on medical testing boom

25 Apr 2025

(Reuters) -Dr Lal Path Labs, India’s largest diagnostics firm by revenue, reported fourth-quarter profit above expectations on Friday as strong demand for its bundled test packages lifted growth amid rising health awareness in the country. The company’s consolidated net profit jumped 83.2% year-on-year to 1.55 billion rupees (about $18 million) in the quarter ended March …

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Rupee falls amid rising tensions with Pakistan after Kashmir attack

25 Apr 2025

By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee ended weaker in a volatile session on Friday as investors stayed cautious amid fears of an escalation in tensions with Pakistan after a militant attack in Kashmir earlier this week. The rupee ended 0.2% lower against the U.S. dollar at 85.45 compared with its previous close …

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India’s Orient Electric posts quarterly profit rise on strong demand

25 Apr 2025

(Reuters) -Home appliances maker Orient Electric posted an over two-fold rise in fourth-quarter profit on Friday, helped by strong demand for its fans and air coolers with the onset of summer. The company’s profit rose to 312.6 million rupees ($3.66 million) in the quarter ended March 31, from 128 million rupees a year ago. Revenue …

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US seeks India trade deal on e-commerce, crops and data storage, Bloomberg News reports

25 Apr 2025

(Reuters) – A U.S.-India trade agreement under discussion will cover 19 categories, including greater market access for farm goods, e-commerce, data storage and critical minerals, Bloomberg News reported on Friday. The terms of reference for a bilateral deal, which was finalized by both sides this week, includes trade in goods as well as services, the …

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India trying to secure greater access for steel exports through FTA talks, minister says

25 Apr 2025

By Neha Arora MUMBAI (Reuters) – India is trying to secure greater access for its steel exports through free trade agreement talks with various countries, federal trade minister Piyush Goyal said on Friday. “I am working on at least 10-12 FTAs with countries or block of countries like the European Union… and in every one …

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