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Venky’s India third-quarter revenue falls on subdued oilseeds business; shares drop

7 Feb 2025

(Reuters) – Venky’s India reported a drop in third-quarter revenue on Friday as weakness in its oilseeds segment more than offset upbeat sales in its mainstay poultry business, sending its shares down 5%. Revenue from operations fell 7.5% to 8.82 billion rupees ($100.87 million) in the October-December quarter. It was hit by a decline in …

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India central bank to stagger new banking regulations for smooth transition, governor says

7 Feb 2025

MUMBAI (Reuters) -The Reserve Bank of India (RBI) will defer the implementation of three proposed crucial banking regulations, giving lenders ample time to prepare for the changes, the central bank governor said on Friday. The central bank had proposed tighter norms for lending to infrastructure projects, and proposed that banks set aside more funds for …

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India’s Jupiter, Poland’s PFR ready offers for Spanish train maker Talgo, El Confidencial reports

7 Feb 2025

MADRID (Reuters) – India’s train maker Jupiter Wagons and Poland’s state-owned investment PFR are readying two separate offers for Spanish train maker Talgo, news website El Confidencial reported on Friday, citing unidentified sources with knowledge of the matter. Both companies are readying public tender offers for all the shares of Talgo, El Confidencial reports. The …

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India central bank governor cautions lenders against rising digital frauds

7 Feb 2025

MUMBAI (Reuters) – India’s central bank governor on Friday cautioned lenders against rising instances of frauds in digital payments and said that the regulator will launch secure website domain names to curb such fraudulent practices. “Increased instances of fraud in digital payments are a significant concern,” Reserve Bank of India (RBI) Governor Sanjay Malhotra, who …

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Indian food delivery platform Zomato to rebrand as ‘Eternal’, unveils new logo

7 Feb 2025

(Reuters) -Indian food and grocery delivery platform Zomato said on Thursday it will rename the company to “Eternal” and unveiled a new logo, a move that comes more than two years after it began using the new name internally. Eternal would comprise its four major businesses – food delivery vertical Zomato, quick-commerce unit Blinkit, live …

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India’s central bank to cut rates to boost economy as inflation slows

7 Feb 2025

By Swati Bhat MUMBAI (Reuters) – India is expected to cut interest rates for the first time in nearly five years on Friday to provide stimulus to its sluggish economy, with easing price pressures giving policymakers more room to manoeuvre. The Monetary Policy Committee (MPC), which consists of three Reserve Bank of India members and …

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India’s ITC, Britannia beat profit estimates on price hikes, rural rebound

6 Feb 2025

By Praveen Paramasivam and Ananta Agarwal (Reuters) -Indian consumer goods major ITC and biscuit maker Britannia Industries beat estimates for quarterly profit on Thursday, benefiting from price increases and a recovery in rural demand. Income support schemes by several states have encouraged people in rural India to spend more on food and other items, helping …

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