Reuters India Business

By Kashish Tandon and Rishika Sadam (Reuters) -India’s Apollo Hospitals Enterprise topped second-quarter profit expectations on Wednesday, driven by higher demand for its healthcare services. The hospital chain operator’s consolidated net profit surged nearly 63% year-on-year to 3.79 billion rupees ($45 million) in the quarter ended Sept. 30, beating analysts’ average estimate of 3.64 billion …

India’s Apollo Hospitals beats Q2 profit view on strong healthcare services demand Read More »

By Bharath Rajeswaran (Reuters) -Indian shares advanced on Wednesday, posting their biggest single-day jump in over six weeks, after Donald Trump claimed victory in the U.S. presidential election, which analysts termed a near-term positive for domestic equities. The NSE Nifty 50 was up 1.12% at 24,484.05, while the BSE Sensex added 1.13% to 80,378.13. Both …

Indian shares post best session in over 6 weeks on likely Trump presidential win Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee fell to a record low on Wednesday, hurt by a sharp rise in the dollar and U.S. bond yields as Republican Donald Trump claimed victory in the U.S. presidential election. The rupee closed at 84.28, down 0.2% from its previous close, in what was its worst …

Rupee hits record low as Trump claims victory, regional currencies drop Read More »

MUMBAI (Reuters) -Economic activity in India remains strong, with the agriculture and services sectors doing well, India’s central bank governor said on Wednesday, commenting on fears of slowing growth. Inflation, however, remains a challenge and the next move on interest rates must be weighed carefully, Shaktikanta Das, governor of the Reserve Bank of India, said …

India economic activity remains strong, cenbank governor says, amid growth concerns Read More »

By Anant Chandak BENGALURU (Reuters) – Growth in India’s dominant services industry picked up last month after dipping to a 10-month low rate in September amid a marked expansion in demand, according to a business survey that also showed the sector’s workforce increased sharply. That signaled a relatively strong start for Asia’s third-largest economy in …

Strong demand revives India services PMI in October Read More »

(Reuters) – Indian dealers’ car sales increased 32.4% in October, helped by festive demand, especially for sports utility vehicles (SUV), as well as new model launches and offers, but inventory levels remained high, a dealers’ association said on Wednesday. Sales by dealers to customers rose to 483,159 units in the month from 364,991 units last …

India’s retail car sales jump 32% in Oct, inventory levels remain high Read More »