Reuters India Business

By Nishit Navin and Siddhi Nayak (Reuters) – India’s Paytm on Monday said it was aiming to become profitable in one-to-two quarters, after it reported a narrower sequential third-quarter adjusted loss as its payments business recovered from the winding down of its payments bank unit. “We’re going to get PAT profitability once earnings before interest, …

Indian fintech Paytm targets profitability within two quarters Read More »

BENGALURU (Reuters) – Indian telecom major Bharti Airtel will be offering non-banking lender Bajaj Finance’s financial products in the country, the companies said on Monday. Airtel will initially offer Bajaj Finance’s products through its application, and later via its physical stores, they said in a joint statement. The partnership will enable Bajaj Finance, the country’s …

India’s Bharti Airtel to offer Bajaj Finance’s loan products Read More »

By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) -India on Monday allowed exports of 1 million metric tons of sugar during the current season to September 2025 to help mills of the world’s second biggest producer export surplus stocks and help prop up local prices. The decision could put further downward pressure on global …

India allows 1 million tons of sugar exports to support local prices Read More »

By Ananta Agarwal and Ashna Teresa Britto (Reuters) -Indian food delivery major Zomato’s third-quarter profit more than halved on Monday, as rising competition in the quick commerce space and increased spending on opening more fulfilment centres for its Blinkit platform weighed on margins. Net profit fell 57% to 590 million rupees ($6.8 million) in the …

India’s Zomato posts Q3 profit slump on stiff competition, store ramp-ups Read More »

By Rishika Sadam HYDERABAD, India (Reuters) – India should eliminate tax on drugs for cancer treatment and for chronic and rare diseases, the chairperson of major drugmaker Biocon Ltd said ahead of Prime Minister Narendra Modi’s budget announcement, expected next month. Drugs used for treating chronic diseases such as diabetes and cancer should be exempted …

India’s Biocon urges government to exempt cancer, rare-disease drugs from tax in budget Read More »

By Bharath Rajeswaran and Indranil Sarkar (Reuters) -India’s benchmark indexes advanced on Monday, led by gains in Kotak Mahindra Bank and Wipro after their better-than-expected quarterly earnings, while the focus shifts to the U.S. policy framework with Donald Trump set to take oath as the President. The Nifty 50 rose 0.61% to end at 23,344.75, …

Kotak Mahindra Bank, Wipro lead rise in India’s benchmark indexes Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed modestly stronger on Monday as a softer dollar gave Asian currencies some breathing room ahead of U.S. President-elect Donald Trump’s inauguration later in the day. The rupee closed at 86.5675 against the U.S. dollar, up from its close at 86.61 in the previous session. The …

Rupee ends slightly higher as dollar dips ahead of Trump’s inauguration Read More »

By Neha Arora NEW DELHI (Reuters) – India’s state-run miner NMDC is expected to extract 6,500 carats of diamonds, worth $3.4 million, this fiscal year from ores in a mine near a tiger reserve, after receiving mining clearances last year, two sources said. The miner faced delays in securing environmental clearances and had to halt …

India’s NMDC to extract diamonds worth $3.4 million from mine near tiger reserve Read More »