Reuters India Business

India’s top carmakers post August sales drop to dealers, await tax cut verdict

1 Sep 2025

(Reuters) -India’s top carmakers reported lower sales to dealers for a fourth straight month in August amid weak demand, with SUV maker Mahindra & Mahindra scaling down its dispatches ahead of a government decision on lower consumption tax. Maruti Suzuki, Mahindra & Mahindra, Hyundai Motor India and Tata Motors are India’s four largest carmakers, cornering …

India’s top carmakers post August sales drop to dealers, await tax cut verdict Read More »

Exclusive-Deutsche Bank puts India retail banking business up for sale, sources say

1 Sep 2025

By Aditya Kalra and Tom Sims NEW DELHI/FRANKFURT (Reuters) -Deutsche Bank is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, two sources told Reuters, making it the latest foreign bank to consider trimming its bets on India. The Germany-based bank has pledged …

Exclusive-Deutsche Bank puts India retail banking business up for sale, sources say Read More »

Indian equity benchmarks snap 3-session losing run on upbeat auto sales, GDP data

1 Sep 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks closed higher on Monday following three straight sessions of losses, as higher monthly sales lifted automobile stocks while better-than-expected economic growth data boosted overall sentiment. The Nifty 50 rose 0.81% to 24,625.05 and the BSE Sensex added 0.70% to 80,364.49. Both the benchmark indexes …

Indian equity benchmarks snap 3-session losing run on upbeat auto sales, GDP data Read More »

India collects 1.86 trln rupees as goods and services tax in August

1 Sep 2025

(Reuters) -India collected 1.86 trillion rupees ($21.26 billion) as goods and services tax in August, 6.5% higher than the same period last year, the government said on Monday. ($1 = 87.5060 Indian rupees) (Reporting by Shilpa Jamkhandikar; Editing by YP Rajesh)

Ambani family postpones New York cultural event amid fraught U.S.–India trade ties

1 Sep 2025

MUMBAI (Reuters) -Billionaire Mukesh Ambani’s family has postponed a cultural showcase in New York, citing “unforeseen circumstances”, a decision made after Washington sharply raised tariffs on imported Indian goods over its purchases of Russian oil. The Nita Mukesh Ambani Cultural Centre (NMACC) did not elaborate on reasons for the postponement of the “India Weekend”, which …

Ambani family postpones New York cultural event amid fraught U.S.–India trade ties Read More »

India’s strong economic growth fails to impress equity investors

1 Sep 2025

(Corrects analyst name in paragraphs 4) By Bharath Rajeswaran and Vivek Kumar M MUMBAI (Reuters) -India’s world-beating economic growth is failing to translate into gains for equity markets as weakening pricing power and U.S. tariffs weigh on corporate earnings, turning foreign investors away. Gross domestic product (GDP) in India grew at a faster-than-expected 7.8% in …

India’s strong economic growth fails to impress equity investors Read More »

India’s top court dismisses challenge to government rollout of 20% ethanol-blended fuel

1 Sep 2025

By Arpan Chaturvedi NEW DELHI (Reuters) -India’s top court on Monday dismissed a petition challenging the government’s move to roll out 20% ethanol-blended fuel in vehicles across the country. In 2021 India set a target to introduce 20% ethanol-blended fuel, called E20, in vehicles as part of Prime Minister Narendra Modi’s focus on clean energy. …

India’s top court dismisses challenge to government rollout of 20% ethanol-blended fuel Read More »

Indian oil minister denies country is profiteering from Russian imports

1 Sep 2025

By Nidhi Verma NEW DELHI (Reuters) -India is not “profiteering” from Russian oil imports and its purchases have stabilised markets while keeping prices from rising to as much as $200 a barrel, Hardeep Singh Puri, country’s oil minister, said in the Hindu newspaper on Monday. The U.S. has targeted India for its Russian oil purchases, …

Indian oil minister denies country is profiteering from Russian imports Read More »

India’s Ashok Leyland to invest over $571 million in EV battery production

1 Sep 2025

(Reuters) -Automaker Ashok Leyland, India’s third-largest manufacturer of commercial vehicles, said on Monday it will invest more than 50 billion rupees ($571.4 million) in domestic EV battery production. The investment will be spread over the next 7-10 years, it said. The company plans to supply the batteries to its EV unit, called Switch, as well …

India’s Ashok Leyland to invest over $571 million in EV battery production Read More »

India RBI to meet bond market this week to discuss second half borrowing, sources say

1 Sep 2025

By Dharamraj Dhutia MUMBAI (Reuters) -India’s central bank will meet bond market participants, including banks and primary dealers, later this week for their suggestions on government borrowing in the second half of the fiscal year, four treasury sources aware of the matter said on Monday. The meeting will take place on Wednesday and Thursday, and …

India RBI to meet bond market this week to discuss second half borrowing, sources say Read More »

Close Bitnami banner
Bitnami