Reuters India Business

BENGALURU (Reuters) -Indian IT services company LTIMindtree reported bigger-than-expected quarterly earnings on Thursday on strong performance in the banking, financial services and insurance (BFSI) sector, its largest segment. Its net profit for the quarter rose 12% and consolidated sales for the quarter climbed 10.2%, beating analysts’ average estimates of 12.77 billion rupees and 102.37 billion …

India’s LTIMindtree beats second-quarter earnings view on BFSI strength Read More »

(Reuters) -Indian online delivery platform Eternal reported a sequential rise in its quarterly profit on Thursday, driven by surging demand for its quick commerce business. The firm, which also runs the food delivery arm Zomato, reported a profit of 650 million rupees ($7.4 million) in the three months to end-September, compared to 250 million rupees …

Indian online delivery platform Eternal’s quarterly profit rises sequentially Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks rose to more than three-month highs on Thursday, led by Nestle’s India unit and Axis Bank after their earnings, while rate-sensitive sectors rallied on growing expectations of monetary easing. Indian markets have staged a comeback in recent months, powered by tax and interest rate …

Earnings, rate cut hopes boost India’s stock benchmarks to 3-month highs Read More »

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee touched a one-month high on Thursday, as firm central bank intervention in the previous session and nascent optimism above U.S.-India trade negotiations helped the local currency find its footing on the stronger side of the 88-handle. The rupee rose to a peak of 87.70 in early trading …

Rupee finds footing above 88 per dollar, US trade talks in focus Read More »

By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) -The Indian central bank’s aggressive foreign exchange market intervention on Wednesday has sparked a positive shift in sentiment on the rupee in the options market, with a key volatility skew turning the most in favour of the currency in over a decade. The rupee had its best …

Options tilt most in favour of Indian rupee in over a decade after heavy RBI intervention Read More »

(Reuters) -Nestle India posted a marginal increase in second-quarter profit on Thursday, benefiting from improving urban demand for items such as Maggi noodles and Nescafe coffee, sending its shares up about 5% to a one-year high. The Indian arm of Swiss food major Nestle said profit before exceptional items and tax edged up to 10.29 …

Nestle’s India unit posts marginal profit rise on Maggi, Nescafe demand; shares jump Read More »

By Nidhi Verma NEW DELHI (Reuters) -India plans to cut imports of liquefied petroleum gas from the Middle East as its state refiners look to boost purchases from the U.S., sources with knowledge of the matter said, bolstering New Delhi’s efforts to secure a broader trade deal with Washington. The state refiners have already informed …

India refiners to buy more US LPG in 2026, cut Middle East imports, sources say Read More »