Reuters India Business

India’s high tariffs are a barrier to imports, White House’s Hassett says

By Andrea Shalal WASHINGTON (Reuters) – India has high tariffs that lock out imports, U.S. President Donald Trump’s top economic adviser Kevin Hassett said on Monday, adding that India’s prime minister had a lot to discuss with Trump when the two leaders meet soon. Trump believes the United States should impose reciprocal tariffs that are …

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Higher occupancy, speciality care demand boost India’s Apollo Hospitals Q3 profit

By Rishika Sadam HYDERABAD (Reuters) -Apollo Hospitals Enterprise beat third-quarter profit estimates on Monday due to increased occupancy and demand for speciality care and said it was on track to add 3,512 beds over the next three to four years, starting FY26. Hospital-chain operators such as Apollo, Max Healthcare and Aster DM Healthcare have been …

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France in advanced talks to buy Indian rocket launcher system, Indian official says

By Shivam Patel BENGALURU, India (Reuters) – France is in advanced talks with India to buy a multi-barrel rocket launcher system, a top Indian official said on Monday, a potential deal that would be the first time India’s second-largest arms supplier buys weapons from New Delhi. India is the world’s biggest arms importer, but has …

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Factbox-Modi’s US visit raises industry hopes amid tariff threats

By Manoj Kumar NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi, on a two-day U.S. visit starting Wednesday, is expected to propose tariff cuts and increased energy and defence imports during a meeting with U.S. President Donald Trump. Modi is keen to avert a potential trade war and boost trade ties after Trump threatened …

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India’s Patanjali Foods posts quarterly profit jump on cooking oil boost

(Reuters) – Indian consumer goods maker Patanjali Foods reported a 71% rise in third-quarter profit on Monday, aided by robust demand at its mainstay cooking oils business. The Ruchi Gold oil maker’s profit rose to 3.71 billion rupees ($42.4 million) for the three months ended December 31, from 2.17 billion rupees a year earlier. Demand …

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India’s NALCO beats quarterly profit estimate on improved commodity prices

(Reuters) – India’s National Aluminium Company (NALCO) reported third-quarter profit above analysts’ estimates on Monday, buoyed by strong commodity prices. The state-owned company’s consolidated profit jumped over three-fold to 15.66 billion rupees ($179 million) in the October-December quarter, beating the estimate of 13.92 billion rupees, per data compiled by LSEG. Global aluminium prices averaged at …

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Bata India misses quarterly profit estimates on low footwear demand

(Reuters) – Footwear maker Bata India posted a smaller-than-expected third-quarter profit on Monday, hurt by sluggish consumer demand amid high inflation. The company’s quarterly consolidated profit grew 1.2% from a year ago to 587 million rupees ($6.71 million), but fell short of analysts’ estimate of 737 million rupees, according to data compiled by LSEG. Bata, …

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India’s Royal Enfield-maker Eicher Motors misses profit, margin estimates

By Meenakshi Maidas (Reuters) -India’s Eicher Motors, which makes the Royal Enfield brand of motorcycles, reported third-quarter profit and margins below estimates on Monday, hurt by higher costs and as sales of lower-margin motorcycles outpaced those of higher-margin ones. The company reported a net profit of 11.71 billion rupees (about $134 million) in the three …

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ADNOC agrees 5-year LNG supply deal with India’s BPCL, sources say

By Nidhi Verma NEW DELHI (Reuters) – Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India’s Bharat Petroleum Corp under a new five year deal, sources with knowledge of the matter said on Monday. Indian’s state refiner will receive 40 cargos of LNG under the 5-year …

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India’s Nykaa posts quarterly profit surge on demand for premium beauty products

(Reuters) – Indian retailer Nykaa reported a 61% surge in quarterly profit on Monday, as the company’s marketing investments paid off with more consumers purchasing higher-priced beauty products on its online platform. Listed as FSN E-Commerce Ventures, Nykaa posted a profit of 261.2 million rupees ($2.99 million) for the quarter ended Dec. 31, according to …

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