Reuters India Business

India’s Axis Bank profit drops more than expected on trading income hit

15 Oct 2025

By Nishit Navin and Ashwin Manikandan (Reuters) -Indian private lender Axis Bank reported a sharper-than-expected fall in quarterly profit on Wednesday, dragged by a drop in trading income at a time when the bank has a backlog of funds kept aside for potential bad loans. The country’s fourth-largest private lender by market capitalisation said its …

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France’s CMA CGM places first vessel order in India

15 Oct 2025

PARIS (Reuters) -France’s CMA CGM on Tuesday announced a first-ever order for Indian-built vessels, saying the country’s focus on shipping infrastructure created an opportunity to diversify the group’s shipbuilding supply. CMA CGM, the world’s third-largest container shipping firm, said in a statement it had signed a letter of intent for six vessels powered by liquefied …

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India’s trade deficit widens to 13-month high on gold imports, US tariff impact

15 Oct 2025

By Manoj Kumar NEW DELHI (Reuters) -India’s merchandise trade deficit widened to a 13-month high of $32.15 billion in September, driven by gold and silver imports and a drop in exports to the U.S. following President Donald Trump’s up to 50% tariffs on Indian goods, data showed on Wednesday. The September figure marks the full …

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Indian non-bank lender HDB Financial posts profit drop on loan losses

15 Oct 2025

BENGALURU (Reuters) -Indian non-bank lender HDB Financial Services posted a near 2% drop in quarterly profit on Wednesday, hurt by rising bad loans and funds kept aside to meet potential losses. The results were HDB’s second quarterly update since its trading debut in July. The firm, which lends in segments such as personal and business …

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India central bank minutes show room for rate cuts as inflation outlook softens

15 Oct 2025

By Swati Bhat MUMBAI (Reuters) -India’s interest-rate panel members have flagged room for future rate cuts as the country’s inflation outlook turns more benign, minutes of the October meeting showed on Wednesday. The six-member monetary policy committee held the key repo rate steady at 5.50% earlier this month, after cutting rates by 100 basis points …

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India’s Heritage Foods reports decline in quarterly profit on higher milk costs

15 Oct 2025

(Reuters) -India’s Heritage Foods reported an about 13% decline in second-quarter profit on Wednesday, as higher milk procurement prices crimped margins in its mainstay dairy segment. The company reported a profit before tax of 584 million rupees ($6.63 million)compared to 674.7 million rupees a year ago. It recorded a one-time gain of 93.6 million rupees, …

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India’s Swiggy, Eternal to see margins improve in second quarter, analysts say

15 Oct 2025

By Ananta Agarwal and Mridula Kumar Kumar (Reuters) -Indian online delivery firms Eternal and Swiggy could see profit margins improve slightly in the second quarter, analysts said, after at least a year of accelerating losses in their quick commerce arms due to higher costs. Eternal’s Blinkit, Swiggy’s Instamart and start-up Zepto have emerged as the …

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India’s HDFC Life posts quarterly profit rise on retail insurance demand

15 Oct 2025

BENGALURU (Reuters) -India’s HDFC Life Insurance reported a higher second-quarter profit on Wednesday, driven by strong demand for retail insurance products and a pickup in market-linked plans. Net premium income for the quarter rose 13% to 187.77 billion rupees ($2.13 billion), supported by an 11% increase in one-time premiums, and a 17% growth in premiums …

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Rupee climbs the most in four months on firm central bank intervention

15 Oct 2025

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee soared to post its best one-day gain in nearly four months on Wednesday, powered by firm central bank intervention supporting the currency while traders also cited unwinding of bearish wagers on the currency. The rupee closed at 88.0750 against the U.S. dollar, up 0.8% on the day, …

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India equity benchmarks near month-high on Fed rate cut bets, earnings optimism

15 Oct 2025

By Vivek Kumar M (Reuters) -India’s equity benchmarks edged towards a one-month high on Wednesday, lifted by a broad-based rally as growing expectations of a U.S. Federal Reserve rate cut and optimism over an earnings rebound buoyed sentiment. The Nifty 50 added 0.71% to 25,323.55, while the BSE Sensex rose 0.7% to 82,605.43. This was …

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