Reuters India Business

(Reuters) -Bayer CropScience posted a 12% rise in second-quarter profit on Friday, as keeping a tight lid on costs helped the agricultural chemicals maker navigate a drop in demand for its crop protection products, exacerbated by heavy monsoons showers. The Indian unit of German drugs and pesticides maker Bayer AG posted a profit of 1.53 …

Bayer’s India arm posts higher quarterly profit on lower costs amid monsoon-hit demand Read More »

By Nidhi Verma NEW DELHI (Reuters) -India’s top gas importer Petronet LNG will receive 500,000 tons of liquefied natural gas (LNG) in 2026 in its 1.2 million ton per year supply deal with ExxonMobil from Australia’s Gorgon project, its managing director said on Friday. Petronet already imports 1.42 million tons per year of LNG from …

India’s Petronet LNG to get 500,000 T LNG from Exxon in 2026 under new deal Read More »

(Reuters) -Indian automaker Bajaj Auto reported a 23.7% rise in second-quarter profit on Friday, boosted by higher exports of its motorcycles amid sluggish domestic demand. The Pulsar motorcycle maker reported a profit of 24.8 billion rupees ($282.15 million) for the quarter ended September 30, up from 20.05 billion rupees a year ago. Bajaj Auto, India’s …

India’s Bajaj Auto’s quarterly profit rises on higher exports Read More »

(Reuters) -Indian beauty retailer Nykaa’s quarterly profit more than trebled on Friday, boosted by steady demand for makeup and skincare products as well as new tie-ups with global brands. The company, formally known as FSN E-Commerce Ventures, posted a profit of 344.4 million rupees ($3.9 million)for the quarter ended September 30, up from 100.4 million …

Indian beauty retailer Nykaa posts more than three-fold profit jump on robust makeup demand Read More »

(Reuters) -Indian food and grocery delivery firm Swiggy on Friday said its board approved plans to raise up to 100 billion rupees($1.14 billion) via qualified institutional placement (QIP) as it seeks to shore up capital for growth. Companies use the QIP route to raise funds from large institutions such as mutual funds. Loss-making Swiggy and …

Indian delivery platform Swiggy approves up to 100 billion rupees fundraise via QIP Read More »

By Jaspreet Kalra MUMBAI (Reuters) -Indian financial assets are looking attractive across the board, HSBC said on Friday, citing equities’ appeal as a hedge against the searing rally in global AI stocks, a favourable risk-profile for holding the rupee and value in government bonds. Analysts at the firm recommend an “overweight” position on Indian equities, …

HSBC sees Indian stocks as hedge against global AI rally; finds value in FX, bonds Read More »