By Siddhi Nayak MUMBAI (Reuters) – Indian banks’ profitability is at an inflexion point and is likely to moderate in 2025-26, hurt by higher delinquencies in unsecured loans and increased credit costs, India Ratings said on Tuesday. The rating agency said in a release that banks’ rapid improvement in financial metrics seen over financial years …
Indian banks’ profitability to moderate in FY26, India Ratings says Read More »
By Nandan Mandayam (Reuters) – Indian car dealers clocked a surprise 2% drop in sales in December, with high year-end discounts boosting demand only for a handful of showroom owners, a dealers’ body said on Tuesday. Sales dropped to 293,465 units in the month from 299,351 units last year, according to data from the Federation …
Indian car dealers’ sales unexpectedly drop in December, industry body says Read More »
By Aditya Kalra NEW DELHI (Reuters) -Indian antitrust investigators raided Pernod Ricard’s office in December after finding the French liquor giant colluded with a state’s retailers to promote its whisky brand and ignore a rival’s, according to a government document seen by Reuters. In the biggest liquor sector crackdown in recent years, Pernod’s office in …
India antitrust body found Pernod pushed retailers to promote brand, document shows Read More »
By Anjana Anil (Reuters) – Gold prices fell on Monday as U.S. Treasury yields rose, while the Federal Reserve’s recent hint at a slower pace of rate cuts in 2025 kept investors keenly awaiting a slew of economic data due this week to shed more light on that view. Spot gold fell 0.2% to $2,634.52 …
Gold prices dip as yields rise, market girds for US economic data Read More »
By Arsheeya Bajwa BENGALURU (Reuters) – NXP Semiconductors could generate between 8% and 10% of its revenue from India over the next three to five years, a senior executive told Reuters on Monday, underscoring rising interest in the country’s nascent chip market. India’s growing automotive and industrial sectors are expected to boost the company’s sales …
Chipmaker NXP could make up to 10% of revenue from India by 2030, executive says Read More »
By Shivam Patel NEW DELHI (Reuters) -The U.S. government is in the process of removing restrictions on Indian nuclear entities, National Security Advisor Jake Sullivan said on Monday, in a bid to forge deeper energy ties with New Delhi and bolster a 20-year old landmark nuclear deal. Washington and New Delhi have been discussing supply …
US to end restrictions on Indian nuclear entities to boost energy ties, Sullivan says Read More »
(Reuters) – The Indian steel ministry is proposing a merger between state-run KIOCL and NMDC, a government official said on Monday. Mining company NMDC aims to export iron ore pellets from KIOCL post the merger, the official told reporters but declined to be identified. (Reporting by Neha Arora in New Delhi and Manvi Pant in …
India steel ministry proposes KIOCL, NMDC merger, government official says Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Indian wheat prices jumped to a record high on Monday due to dwindling supplies amid robust demand from flour mills that are struggling to secure the grain to operate at full capacity, industry officials told Reuters. The record prices are likely to lift retail inflation, which eased in November …
Indian flour mills struggle as wheat prices surge to record high Read More »
BENGALURU (Reuters) – Funding in India’s space sector, a key part of the country’s ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from market intelligence platform Tracxn. The drop, which came amid a global 20% decline in space sector investment, …
Space industry funding in India falls 55% in 2024, data show Read More »
NEW DELHI (Reuters) – India is seeking private companies to build and operate a 2.5 million metric ton store for petroleum reserves at Padur in southern Karnataka state, according to a tender posted on the website of Indian Strategic Petroleum Reserve Ltd (ISPRL). Bids are invited to establish “commercial cum strategic petroleum reserves” including a …
India issues tender for new 2.5 million T strategic petroleum reserve Read More »
