Reuters India Business

By Anuran Sadhu (Reuters) -India’s top steelmaker JSW Steel said it expects improved steel prices in the third quarter after reporting a nearly fourfold rise in second-quarter profit on Friday, driven by higher sales volumes despite lower prices. The Mumbai-based company kickstarts quarterly results for the industry, which has seen steel prices drop despite the …

India’s JSW Steel posts fourfold quarterly profit rise, expects steel prices to improve Read More »

(Reuters) -Sapphire Foods, which operates KFC and Pizza Hut restaurants in India, reported a wider quarterly net loss, as urban demand stayed muted while raw material and marketing costs rose. Popular fast-food chains in India have been struggling to grow their same store sales, facing stiff competition from local chains for urban consumers who are …

Indian KFC operator Sapphire Foods’ quarterly loss widens on muted fast-food demand Read More »

SAO PAULO (Reuters) -The defense and security division of Brazilian planemaker Embraer said on Friday it had signed a strategic cooperation agreement with India’s Mahindra Group, including joint initiatives for the development and production of the C-390 Millennium aircraft in India. The agreement supports the promotion of the C-390 Millennium aircraft for the Indian Air …

Embraer, Mahindra expand partnership to develop C-390 Millennium in India Read More »

By Shivam Patel NEW DELHI (Reuters) -India expects to spend about 654 billion rupees ($7.44 billion) to buy engines for fighter aircraft that are under development until 2035, according to estimates shared on Friday by a defence official who leads the efforts to build a home-grown engine. The country will require about 1,100 engines for …

India expects $7.4 billion spending on fighter jet engines over next decade Read More »

By Nimesh Vora and Rajendra Jadhav MUMBAI (Reuters) -India’s gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of India’s latest foreign exchange reserves data, buoyed by a global price rally even as the central bank’s purchases slowed sharply this year. India’s gold holdings rose by $3.595 billion …

India central bank’s gold pile tops $100 billion on surging bullion prices Read More »