Reuters India Business

BENGALURU (Reuters) -Sapphire Foods India, which operates the Pizza Hut and KFC chains of restaurants, reported a larger-than-expected decline in its first-quarter profit on Tuesday, as costs rose while it struggled to entice budget-conscious customers. The Yum Brands franchisee reported a consolidated net profit of 85.2 million rupees ($1.02 million) for the quarter ended June …

Pizza Hut India operator misses Q1 estimates on weak demand, surging costs Read More »

By Rajendra Jadhav MUMBAI (Reuters) – India’s gold demand in the June quarter fell 5% from a year ago, but consumption in the second half of 2024 is set to improve due to a correction in local price following a steep reduction in import taxes, the World Gold Council (WGC) said on Tuesday. Higher purchases …

India’s duty cut to revive gold demand after weak June quarter, World Gold Council says Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – Foreign investors see India’s decision to return to curbs on purchases of some government securities as a flip-flop in policy that may force them to redraw investment strategies, global fund managers said on Tuesday. Such limits were dropped in 2020 from key liquid government bonds to enable India’s entry …

Foreign investors unhappy after India restores curbs on some bond purchases Read More »

By Bhakti Tambe MUMBAI (Reuters) – India’s Adani Enterprises, the flagship firm of Adani Group, plans to launch its first-ever public issue of bonds in the coming weeks to raise up to 6 billion rupees ($71.7 million), two sources aware of the development said on Tuesday. “The company has already filed a draft prospectus with …

India’s Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say Read More »

MUMBAI (Reuters) – India’s markets regulator on Monday proposed stricter rules to restrict insider trading by bringing more people who could have access to sensitive information about a listed company under the ambit of its regulations. The Securities and Exchange Board of India in a discussion paper uploaded on its website said certain people may …

India seeks to expand scope of ‘connected persons’ to curb insider trading Read More »

BENGALURU (Reuters) – Restaurant Brands Asia, which operates Burger King and Popeyes chains in India and Indonesia, reported a narrower first-quarter loss on Monday as offers and discounts brought more customers to its outlets. The company’s consolidated net loss narrowed to 493.6 million rupees ($5.90 million) in the three months ended June 30 from a …

Burger King’s India operator posts narrower Q1 loss as value packs boost demand Read More »