By Saurabh Sharma and Tanvi Mehta PRAYAGRAJ, India (Reuters) – Inspired by stories of families separated among the millions celebrating the weeks-long Maha Kumbh Mela, old Bollywood films often featured plots in which siblings got lost at the Hindu festival and were only reunited decades later. But as Sarita Singh discovered at this year’s Maha …
A tech-savvy Maha Kumbh: India aims for a safer religious festival Read More »
(Reuters) – Shares of Hindustan Unilever fell as much as 3.5% on Thursday to their lowest level since May after the Indian consumer goods maker forecast near-term margin pressure. The stock was the top loser on the benchmark Nifty 50 index, which was up 0.23%. The ‘Clinic Plus’ shampoo maker on Wednesday forecast near-term margins …
India’s Hindustan Unilever drops to 8-month low on margin concerns Read More »
By Aditi Shah NEW DELHI (Reuters) -Tata Motors, India’s biggest electric car maker, is betting that locally manufactured EV batteries will help it maintain its edge in an industry where competition is intensifying with new launches, its group CFO said in an interview. Tata’s EV market lead shrunk to 62% in 2024 from 73% a …
Tata Motors looks to local battery play as EV competition rises Read More »
By Anjana Anil (Reuters) – Gold prices soared to near three-month highs on Wednesday, trading just below its record peak, fuelled by a soft dollar and lack of clarity around U.S. President Donald Trump’s policy plans, which investors fear could trigger trade wars and elevate market volatility. Spot gold added 0.4% to $2,755.2 per ounce …
Trump uncertainties push safe-haven gold to near all-time high Read More »
NEW DELHI (Reuters) – India has allowed Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, according to Indian ship regulator’s website, as New Delhi wants steady supply of cheaper Russian oil despite latest U.S. sanctions. India has also extended the approval granted to Russian companies Sogaz Insurance, Alfastrakhovanie, and …
India expands Russian insurers’ pool after US sanctions Read More »
(Reuters) – India’s Bharat Petroleum Corp (BPCL) plans to invest $121 million to develop the Nunukan oil and gas block in Indonesia, the company said in a exchange filing on Wednesday. BPCL’s exploration unit, Bharat PetroResources, holds a 16.23% stake in the Nunukan block, operated by Indonesia’s national oil company, Pertamina. The Indian refiner is …
India’s Bharat Petroleum to invest $121 million to develop Indonesian oil and gas block Read More »
(Reuters) – India’s Pidilite Industries on Wednesday reported third-quarter profit below estimates, due to weak urban and rural demand for adhesives and sealants. The company reported a consolidated net profit of 5.52 billion rupees ($64 million) for the three months ended Dec. 31, compared to analysts’ expectation of 5.91 billion rupees, according to data compiled …
India’s Pidilite Industries misses Q3 profit estimates on soft demand Read More »
By Nidhi Verma NEW DELHI (Reuters) – Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum. The company and other state refiners – Indian Oil Corp, BPCL, Hindustan Petroleum and Mangalore Refinery and Petrochemicals buy …
Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says Read More »
MUMBAI (Reuters) – India’s market regulator has proposed that fund houses launch sachet-sized investment plans, offering small investors a way into the financial markets. In a consultation paper released on Wednesday, the Securities and Exchange Board of India (SEBI) asked fund houses to launch systematic investment plans (SIPs) starting at 250 rupees or around $3 …
India market regulator proposes sachet-sized investments with easier rules Read More »
By Siddhi Nayak and Nishit Navin MUMBAI/BENGALURU (Reuters) -India’s HDFC Bank on Wednesday said it was aiming to grow its loan book in-line with the industry in the upcoming financial year, while pushing for faster deposit growth. “As far as the deposit growth is concerned, there is no calibration… and we want to grow as …
India’s HDFC Bank targets industry-matching loan growth in FY26, faster deposits Read More »
