(Reuters) – Agricultural chemicals maker Bayer CropScience posted a 63.3% drop in third-quarter profit on Tuesday, as costs rose sharply. The Indian unit of German drugs and pesticides maker Bayer AG posted a consolidated profit of 342 million rupees ($3.9 million) for the three months ended December 31, compared with 931 million rupees a year …
India’s Bayer CropScience posts lower quarterly profit as costs rise Read More »
By Neha Arora NEW DELHI (Reuters) – India’s smaller steelmakers could be forced out of business by a further surge in imports resulting from sharp tariff increases imposed by U.S. President Donald Trump, industry executives warned on Monday. With Indian producers already facing increased competition from rising cheap imports from some of the world’s leading …
Indian steelmakers fear for future if unprotected from effects of Trump tariffs Read More »
By Ashwin Manikandan NEW DELHI/MUMBAI (Reuters) – India must simplify rules for domestic funds investing in local companies to ensure a level-playing field with foreign peers, Renuka Ramnath, the founder and CEO of Multiples Asset Management said on Tuesday. The Mumbai-based Multiples is one of India’s leading private equity investors. Founded in 2009 by Ramnath, Multiples …
India must ease rules for domestic investors, Multiples Asset Management CEO says Read More »
NEW DELHI (Reuters) – Oil India Ltd has signed an agreement with Petrobras to jointly bid for oil and gas exploration blocks in India, its chairman Ranjit Rath told Reuters on Tuesday. Petrobras chief executive Magda Chambriard said the company was looking at exploration opportunities as well as to trade in petroleum products with India. …
Oil India signs pact with Petrobras to bid for oil, gas assets, chairman says Read More »
By Bharath Rajeswaran (Reuters) -Indian stocks have lost about $180 billion in market value in the two days since U.S. President Donald Trump said he would slap reciprocal tariffs on several countries, with many analysts saying the world’s fifth-largest economy could be worst hit. The blue-chip NSE Nifty 50 and BSE Sensex indexes sank 1.32% …
US trade war fears wipe out $180 billion from Indian stocks in 2 days Read More »
By Nidhi Verma and Shariq Khan NEW DELHI (Reuters) – Tanzania is discussing tax incentives with investors in a stalled project to construct a $42 billion liquefied natural gas plant in the country, Energy Minister Doto Biteko said on Tuesday, adding the talks could be completed by June. Equinor and Shell are joint operators of …
Tanzania hopes to conclude talks for LNG project by June Read More »
By Siddhi Nayak MUMBAI (Reuters) – Indian non-bank lender Shriram Finance aims to boost its green portfolio 20-fold over the next three years as it diversifies its loan book, a top official said on Tuesday. “We are planning to add solar panels and similar sectors to our portfolio,” Executive Vice Chairman Umesh Revankar said in …
Indian non-bank lender Shriram Finance eyes 20-fold growth in green portfolio, exec says Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Gold leasing rates in India have doubled within a month to a record high, following the overseas market, where rates jumped due to a supply crunch as global banks divert the precious metal to the United States, industry officials told Reuters. Higher leasing rates are driving up jewellery production …
U.S. demand squeezes India’s gold supply, leasing rates rise to record Read More »
By Sethuraman N R and Sudarshan Varadhan NEW DELHI (Reuters) – India’s thermal coal imports are expected to fall for the second straight year in 2025 due to decreasing dependence on coal for power generation, slowing economic activity and record high inventories, industry officials said this week. All six Indian and international coal traders Reuters …
India’s thermal coal imports seen falling for second straight year Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee rallied on Tuesday on the back of strong intervention by the Reserve Bank of India, which traders said could deter heavy speculative positioning against the currency in the near term. The rupee closed 0.7% higher at 86.8275 against the U.S. dollar, logging its biggest one-day gain …
Rupee rallies most in nearly 2 years on heavy central bank intervention Read More »
