Ananta Agarwal

Bangalore, Hong Kong

Correspondent at Reuters

@Reuters Correspondent. Words in @NikkeiAsia, @SCMPNews, @NBCNews, @AFPFactCheck, @fairplanet & @timeouthk

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Articles

Indian textile firm Arvind warns US tariffs to hit margins in fiscal year 2026

1 month ago | reuters.com | Ananta Agarwal |Hritam Mukherjee

May 15 (Reuters) - Indian textile manufacturer Arvind's (ARVN.NS), opens new tab margins may come under pressure in the first two quarters of the ongoing fiscal year, as it partly absorbs the impact of U.S. tariff policy, a company executive said on Thursday. Top U.S. retailers have been haggling with suppliers over how the costs that U.S. tariffs are set to impose might be distributed, Reuters has reported. Sign up here.
India's IREDA files bankruptcy case against Gensol Engineering amid fraud allegations

1 month ago | today.westlaw.com | Ananta Agarwal |Nandan Mandayam |Tasim Zahid

(Reuters) -State-owned Indian Renewable Energy Development Agency said on Wednesday it has filed a bankruptcy application against Gensol Engineering marking the first instance of a creditor taking the embattled firm to the National Company Law...
India's R R Kabel sees volume surge by 2026 as US tariffs present 'opportunity'

1 month ago | sg.finance.yahoo.com | Hritam Mukherjee |Ananta Agarwal

Hritam Mukherjee and Ananta Agarwal Mon, 5 May 2025 at 7:11 am GMT-7 1 min read By Hritam Mukherjee and Ananta Agarwal (Reuters) -Indian wire and cables maker R R Kabel's expects volume growth to more than double in fiscal 2026, with the U.S. tariff policy presenting "an opportunity" for exports amid higher levies on China, a top executive told Reuters on Monday.
Carlyle Group sells its entire stake in India's PNB Housing

1 month ago | today.westlaw.com | Shilpi Majumdar |Nivedita Bhattacharjee |Ananta Agarwal |Hritam Mukherjee

(Reuters) -U.S. private equity firm Carlyle Group has sold its entire 10.44% stake in India's PNB Housing Finance via block deals, according to an exchange filing on Friday. Carlyle was the second-largest shareholder in the non-banking finance company...
Zomato-parent Eternal's quick commerce expansion saps fourth-quarter profit

1 month ago | finance.yahoo.com | Ananta Agarwal

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Ananta Agarwal Thu, May 1, 2025, 6:14 AM 2 min read By Ananta Agarwal (Reuters) -Indian online delivery player Eternal reported a nearly 78% drop in fourth-quarter profit on Thursday, as its fast-growing quick commerce arm Blinkit spent aggressively to open more stores and stave off intense competition.
Zomato-parent Eternal's quick commerce expansion saps fourth-quarter profit

1 month ago | ca.marketscreener.com | Ananta Agarwal

(Reuters) -Indian online delivery player Eternal reported a nearly 78% drop in fourth-quarter profit on Thursday, as its fast-growing quick commerce arm Blinkit spent aggressively to open more stores and stave off intense competition. Shares of Eternal, which officially changed its name from Zomato in March, had more than doubled in each of the last two years, partly fueled by optimism around Blinkit's success. But competition in India's quick commerce space is intensifying.
Indian apparel retailer Trent's adjusted Q4 profit doubles on firm sales, margins

1 month ago | marketscreener.com | Ananta Agarwal |Shivani Tanna

(Reuters) -Indian apparel retailer Trent on Tuesday reported that its fourth-quarter adjusted profit more than doubled, helped by strong sales of its trendy designs and firmer operating margins. The Tata Group-owned company reported a consolidated profit of 3.18 billion rupees ($37.34 million) in the fourth quarter, compared to last year's profit of 1.28 billion rupees, which has been adjusted to exclude a one-time gain of 5.76 billion rupees.
Unilever, Nestle margins take a hit in India as costs, demand slowdown weigh

2 months ago | marketscreener.com | Shivani Tanna |Ananta Agarwal |Praveen Paramasivam

(Reuters) -India's top consumer goods makers Hindustan Unilever (HUL) and Nestle India reported weaker fourth-quarter profits on Thursday, with HUL cutting its margin forecast amid high input costs and sluggish urban demand. A surge in the cost of living and slow wage raises in India have eroded urban consumers' purchasing power, forcing them to cut back on buying packaged goods and pressuring earnings of consumer goods makers already reeling from high input costs.
Global pharma shares plunge as Trump doubles down on tariff threat

2 months ago | marketscreener.com | Manas Mishra |Ananta Agarwal

(Reuters) -Global drugmakers' stocks dropped across the board after U.S. President Donald Trump reiterated plans for a "major" tariff on pharmaceutical imports, threatening an interwoven global supply chain, and as his country-specific reciprocal tariffs took effect, leading to more pain in global markets.
Indian pharma stocks decline after Trump again threatens tariffs

2 months ago | marketscreener.com | Ananta Agarwal |Kashish Tandon

(Reuters) -Indian pharmaceutical stocks fell 1.7% on Wednesday after U.S. President Donald Trump reiterated plans to announce a "major" tariff on all pharmaceutical imports. U.S. accounts for a third of India's overall pharma exports. Trump had also threatened the duties on Friday, after his first set of reciprocal tariffs announced last week exempted pharma products -- a change in stance that had prompted a wild swing in pharma stocks.