Reuters India Business

India’s Adani Power posts quarterly profit fall amid tepid power demand

1 Aug 2025

(Reuters) -India’s Adani Power reported a 15.5% fall in first-quarter profit on Friday, as early monsoon dampened power demand. The thermal power producer, part of billionaire Gautam Adani-led Adani Group, said its consolidated net profit fell to 33.05 billion rupees ($378.1 million) in the quarter ended June 30 from 39.13 billion rupees a year earlier. …

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Indian factory growth hits 16-month high, business outlook darkens, PMI shows

1 Aug 2025

By Anant Chandak BENGALURU (Reuters) -Indian manufacturing growth expanded at its fastest pace in 16 months in July, driven by robust demand, but business confidence fell to a three-year low amid competitive pressures and inflation concerns, a survey showed on Friday. The HSBC India Manufacturing Purchasing Managers’ Index, compiled by S&P Global, rose to 59.1 …

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Hindustan Unilever hits nine-month high on gradual earnings recovery hopes

1 Aug 2025

(Reuters) -India’s Hindustan Unilever (HUL) extended gains on Friday to climb as much as 8%, hitting a nine-month high, after it reported a higher first-quarter profit, with growth in revenue and sales volume pointing to a gradual earnings recovery. HUL, which is home to brands such as Dove soap and Surf Excel detergent, has been …

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India’s new wind turbine norms mandate local sourcing, data control

1 Aug 2025

(Reuters) -India has introduced stringent norms for wind turbine equipment makers, requiring them to source key components domestically and comply with strict data localisation rules. Manufacturers must now buy components like blades, towers, generators, gearboxes, and special bearings from vendors approved under a new government list, the Ministry of New and Renewable Energy (MNRE) said …

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India vows to protect farmers as Trump’s 25% tariff threat sparks opposition fury

1 Aug 2025

By Manoj Kumar and Nikunj Ohri NEW DELHI (Reuters) -India vowed on Thursday to protect its labour-intensive agriculture sector, a central sticking point in bogged-down trade talks with the U.S., as Washington threatened 25% tariffs, triggering outrage from the opposition and a slump in the rupee. Without a deal, the rate will go into effect …

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US official says differences with India cannot be resolved overnight for deal

1 Aug 2025

By Kanishka Singh and Trevor Hunnicutt WASHINGTON (Reuters) -Differences between the U.S. and India cannot be resolved overnight to arrive at a trade deal, a senior U.S. official told reporters late on Thursday, citing geopolitical disagreements. WHY IT’S IMPORTANT President Donald Trump said on Wednesday Washington was still negotiating with India on trade after announcing …

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Indian state refiners pause Russian oil purchases, sources say

1 Aug 2025

By Nidhi Verma NEW DELHI (Reuters) -Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S. President Donald Trump warned countries not to purchase oil from Moscow, industry sources said. India, the world’s third-largest oil importer, is the biggest buyer of seaborne Russian crude, a vital …

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Indian markets regulator proposes overhaul of IPO structure for large issues

31 Jul 2025

(Reuters) -India’s markets regulator on Thursday proposed changes to the structure of large initial public offerings, including increasing the allocation limit for institutional buyers and reducing the share reserved for retail investors. The proposals come amid a surge in IPO activity in India. The Securities and Exchange Board of India (SEBI) noted that while average …

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India’s top court to revisit order scrapping JSW Steel’s $2.3 billion Bhushan Power deal

31 Jul 2025

By Arpan Chaturvedi (Reuters) -India’s top court said on Thursday it would reconsider its order that quashed Indian steelmaker JSW Steel’s $2.3 billion takeover of Bhushan Power and Steel, saying the order did not correctly consider past precedents. In May, the Supreme Court rejected JSW Steel’s deal for Bhushan Power and Steel six years after …

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