Reuters India Business

(Reuters) -Shares in Hindustan Unilever fell 7% on Thursday, tracking their worst day in nine months, after reporting quarterly earnings below estimates due to an urban slowdown, with analysts expecting the pain to continue in the near term. For the consumer goods industry, growth in urban pockets – which accounts for two-thirds of Hindustan Unilever’s …

Hindustan Unilever falls after profit miss, analysts flag more demand woes Read More »

BERLIN (Reuters) – India remains the driving force for German investments in the Asia-Pacific region, according to a survey by the network of German Chambers of Commerce Abroad (AHK), seen exclusively by Reuters on Thursday. The AHK World Business Outlook, which surveyed around 820 member companies in the Asia-Pacific and Greater China region, shows that …

India seen as the growth engine in Asia-Pacific, AHK survey shows Read More »

By Anjana Anil (Reuters) – Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war. Spot gold was down 1.2% to $2,714.55 per ounce as of …

Gold’s record rally pauses due to stronger dollar, higher yields Read More »

(Reuters) -Hindustan Unilever, the Indian unit of UK’s Unilever, reported a smaller-than-expected quarterly profit on Wednesday as the consumer goods maker incurred higher expenses amid a slowdown in urban markets. The Dove soap-maker reported a near-4% fall in profit to 26.12 billion rupees ($310.8 million) for the second quarter ended Sept. 30, missing analysts’ estimates …

Unilever’s India unit misses profit view as higher costs, urban slowdown weigh Read More »