Reuters India Business

By Kashish Tandon BENGALURU (Reuters) – Indian hospital chain operator Apollo Hospitals slightly missed fourth-quarter profit estimates on Thursday, as higher expenses offset revenue growth in its healthcare services business. Consolidated net profit rose nearly 76% to 2.54 billion Indian rupees ($30.5 million), missing analysts’ average estimates of 2.65 billion rupees, according to LSEG data. …

India’s Apollo Hospitals misses Q4 profit estimates on higher expenses Read More »

By Ashwin Manikandan and Haripriya Suresh BENGALURU (Reuters) – JPMorgan Chase plans to grow its headcount in India by 5%-7% annually over the next few years, a senior executive told Reuters, as the Wall Street bank doubles down in one of the hottest markets globally for talent to support international operations. The New York-based lender …

JPMorgan to grow India headcount by 5%-7% for next few years, senior exec says Read More »

By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) -The Indian central bank’s net income surged 141% for the financial year ended March 2024, largely on the back of a sharp contraction in expenditures, particularly lower provisions, its annual report showed on Thursday. The Reserve Bank of India’s net income rose to 2.11 trillion rupees ($25.30 …

India cenbank’s net income surges on the back of lower provisions in FY24 Read More »

By Milounee Purohit BENGALURU (Reuters) – Average home prices in India are expected to rise steadily over the next few years as the country’s rich drive up demand for luxury housing, according to property experts polled by Reuters who also said there would be a shortage of affordable homes. Home purchases are increasingly driven by …

India’s home prices to rise steadily, affordable housing supply to lag demand: Reuters poll Read More »

MUMBAI (Reuters) – Citi expects S&P Global Ratings’ to upgrade India’s sovereign rating by late 2026 given the ratings agency’s confidence in the South Asian nation’s macro drivers as well as the flow of economic and political cycles, it said on Thursday. S&P raised India’s sovereign rating outlook to ‘positive’ from ‘stable’ on Wednesday, citing …

S&P Global will likely raise India’s rating within 2 years, Citi says Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee, having opened weak on Thursday on worries over the rise in U.S. Treasury yields, received help from dollar offers from public sector banks. The rupee was at 83.4150 to the U.S. dollar at 10:40 a.m. IST, having opened at 83.42, and compared with 83.3450 in the …

Rupee aided by “mild” dollar offers from public sector banks Read More »