Reuters India

BENGALURU (Reuters) – S&P Global Ratings on Thursday cut its outlook on Vedanta Resources, parent of Indian metals-to-oil conglomerate Vedanta Ltd, to “negative” from “stable,” citing increased funding risks. The rating agency said the billionaire Anil Agarwal-owned company’s “weakened access” to cash flow from its operating units amid challenging external financing conditions raised its refinancing …

S&P cuts outlook on Vedanta Resources on funding risks Read More »

By Manoj Kumar NEW DELHI (Reuters) – India’s booming construction sector, driven by expanding urban housing demand and state spending on infrastructure such as roads, could add up to 30 million jobs by March 2030 to the current 70 million, an industry report said on Thursday. The real estate sector, which suffered massively during the …

India’s booming construction sector could add 30 million jobs by 2030 – Knight Frank Read More »

By Nidhi Verma, Marwa Rashad and Emily Chow NEW DELHI/LONDON/SINGAPORE (Reuters) – GAIL (India) Ltd is close to finalising a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said. The deal would be …

Exclusive-India’s GAIL close to finalising Qatar LNG purchase deal- sources Read More »

BENGALURU (Reuters) -India’s Eicher Motors reported a bigger-than-expected jump in first-quarter profit on Thursday due to strong sales of its Royal Enfield motorcycles. The company’s consolidated net profit jumped 50% to 9.18 billion rupees ($111 million) in the April-June quarter, beating analysts’ average estimate of 8.50 billion rupees, per Refinitiv data. Eicher and other two-wheeler …

India’s Eicher tops profit estimates on strong Royal Enfield sales Read More »

BENGALURU (Reuters) – India’s Adani Enterprises on Thursday reported a 44% rise in first-quarter profit, as performance at its new energy division outpaced a weak growth in the key coal trading division. The company’s consolidated profit rose to 6.74 billion rupees ($81.5 million) for the quarter ended June 30, from 4.69 billion rupees a year …

India’s Adani Enterprises Q1 profit jumps on strong new energy business Read More »

NEW DELHI (Reuters) – Chinese oil major Petrochina is among global companies that have shown interest in building new strategic petroleum reserves (SPRs) in India, the country’s junior oil minister said on Thursday. During two roadshows held to seek private investment for building the SPRs, global companies, including BP, Shell and traders Trafigura, Vitol, Glencore, …

India says Petrochina, other global oil companies keen to build SPRs Read More »

By Aftab Ahmed, Munsif Vengattil and Shivangi Acharya NEW DELHI (Reuters) – India on Thursday said it will impose a licensing requirement for imports of laptops, tablets and personal computers with immediate effect, a move that could hit hard the likes of Apple, Dell and Samsung and force them to boost local manufacturing. Current regulations …

India mandates licensing for laptop, tablet imports in blow to Apple, Samsung Read More »

By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) – India’s rice stocks were at nearly three times its target at the start of August, two government sources in the world’s second biggest producer country said on Thursday. Coupled with the new season crop that is due to start trickling into the market by October, …

Exclusive-India rice stocks at three times target, easing supply concerns Read More »

BENGALURU (Reuters) – Indian shares are set to open marginally higher on Thursday, amid caution in global equities after Fitch’s downgrade of the United States’ credit rating, while analysts expect further consolidation in the markets. India’s GIFT Nifty on the NSE International Exchange was up 0.09% at 19,519, as of 8:08 a.m. IST. Asian markets …

Indian shares set to open marginally higher amid global slide Read More »