Reuters India Business

India’s Bajaj Finance beats Q4 profit expectations on strong loan demand

26 Apr 2023

BENGALURU (Reuters) – Indian non-bank lender Bajaj Finance Ltd’s fourth-quarter profit beat estimates on Wednesday, led by strong customer addition on the back of demand for loans. Consolidated net profit rose 30.5% to 31.58 billion rupees ($386.4 million) for the quarter ended March 31, beating analysts’ expectations of 30.93 billion rupees, according to Refinitiv IBES …

India’s Bajaj Finance beats Q4 profit expectations on strong loan demand Read More »

Chivas-maker Pernod challenges New Delhi city licence rejection in court

26 Apr 2023

By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) -Pernod Ricard has asked an Indian court to push New Delhi city authorities to grant it a liquor sale licence, after local officials rejected the French company’s request, citing certain investigations, a legal filing shows. In a 332-page court filing at the Delhi High Court on …

Chivas-maker Pernod challenges New Delhi city licence rejection in court Read More »

Rupee scales seven-week peak on dollar weakness, eyes more gains

26 Apr 2023

By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee strengthened against the U.S. currency to a seven-week high on Wednesday, tracking Asian peers as the dollar index gave up gains and local equities remained resilient. The rupee finished at 81.7650 per dollar compared with 81.9125 in the previous session. The currency rose up to 81.6950 …

Rupee scales seven-week peak on dollar weakness, eyes more gains Read More »

Brookfield Renewable to invest $1 billion in Avaada Group- Statement

26 Apr 2023

NEW DELHI (Reuters) – Avaada Group on Wednesday said it raised $1.07 billion to fund its green hydrogen and green ammonia ventures in India. Brookfield Renewable, through Brookfield Global Transition Fund (BGTF), will invest upto $1 billion in Avaada Ventures Private Ltd, the company said in a statement. Global Power Synergy Public Company Ltd, will …

Brookfield Renewable to invest $1 billion in Avaada Group- Statement Read More »

AU Small Finance Bank expects credit growth of 27-28% for this FY – CEO

26 Apr 2023

By Siddhi Nayak MUMBAI (Reuters) – India’s AU Small Finance Bank expects to grow its loan book by 27% to 28% in this financial year, aided by high credit demand in the country, its managing director and chief executive officer told Reuters on Tuesday. “I expect that this kind of (credit) growth momentum is sustainable …

AU Small Finance Bank expects credit growth of 27-28% for this FY – CEO Read More »

India’s sugar output could fall to 32.8 million tonnes- trade body

26 Apr 2023

By Rajendra Jadhav MUMBAI (Reuters) – India is likely to produce 32.8 million tonnes of sugar in the 2022-2023 marketing year, down 3.5% from the previous forecast, as sugar cane yields in major producing states fell due to erratic weather conditions, a leading trade body said on Wednesday. Lower sugar output could limit exports from …

India’s sugar output could fall to 32.8 million tonnes- trade body Read More »

World Bank Chief Economist Gill calls for new approaches to address ‘debt crisis’

26 Apr 2023

By Andrea Shalal WASHINGTON (Reuters) – World Bank Chief Economist Indermit Gill is calling for new approaches to address the mounting debt crisis facing many countries, including steps to factor domestic borrowing into assessment of a country’s debt sustainability. Gill told Reuters the Common Framework set up by the Group of 20 major economies to …

World Bank Chief Economist Gill calls for new approaches to address ‘debt crisis’ Read More »

Close Bitnami banner
Bitnami