Reuters India Business

French sports goods seller Decathlon to double India sourcing to $3 billion in 5 years

29 Jul 2025

(Reuters) -France’s Decathlon aims to double the share of goods sourced from India to $3 billion over the next five years, the sporting goods retailer said on Tuesday, expanding its footprint in the world’s most-populous country. By the end of 2030, the company will source 15% of its goods from the Asian nation, with the …

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India’s Deepak Fertilisers posts quarterly profit rise on strong demand

29 Jul 2025

(Reuters) -India’s Deepak Fertilisers and Petrochemicals posted a 24.4% rise in quarterly profit on Tuesday, as demand for its crop nutrition products remained healthy. The company’s consolidated net profit rose to 2.43 billion rupees ($28 million) in the first quarter, from 1.96 billion rupees a year earlier. The company’s fertilizers and chemicals segments made up …

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India’s GMR Energy in talks with investors to issue 5-year bonds

29 Jul 2025

By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) -India’s GMR Energy plans to raise 16 billion rupees ($184 million) via five-year bonds, two sources told Reuters on Tuesday, as the holding firm for two major power units taps the market for fresh funding. The company will offer an internal rate of return (IRR) of 14.60% …

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Air India audit finds 51 safety lapses, from unapproved simulators to training gaps

29 Jul 2025

By Aditya Kalra and Abhijith Ganapavaram NEW DELHI (Reuters) -India’s aviation watchdog found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system, according to a government report seen by Reuters. The annual audit was not related to …

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Rupee falls to near 87 per dollar as trade uncertainty, outflows persist

29 Jul 2025

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee remained under pressure on Tuesday, as dollar demand from importers and weakness in foreign portfolio flows continued to drag it towards the 87 to the U.S. dollar mark, its weakest level since March. The rupee hit a four-month low of 86.9150 against the U.S. dollar before …

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Indian benchmarks snap 3-day losing run as Reliance, HDFC Bank gain

29 Jul 2025

By Vivek Kumar M (Reuters) -Indian benchmarks snapped a three-day losing streak on Tuesday, driven by bargain buying in heavyweight stocks such as Reliance Industries and HDFC Bank, with gains in infrastructure major Larsen & Toubro ahead of its earnings helping. The Nifty 50 rose 0.57% to 24,821.1 points and the BSE Sensex added 0.55% …

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India’s V-Guard misses profit estimates as weak summer hits cooling product demand

29 Jul 2025

(Reuters) -V-Guard Industries missed quarterly profit estimates on Tuesday, as sales in the cooling and kitchenware segments declined from a year earlier. The company reported a net profit of 738.5 million rupees ($8.5 million) for the quarter ended June 30, compared with 989.7 million rupees a year earlier. Analysts, on average, expected a profit of …

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Indian textile manufacturer Arvind posts profit jump as brands move away from China

29 Jul 2025

(Reuters) -Textile manufacturer Arvind reported a 35% rise in first-quarter profit on Tuesday as global brands move to increase their sourcing from India instead of China. Arvind, which counts Western brands such as Gap and H&M among its clients, posted a consolidated net profit of 532.4 million Indian rupees ($6.13 million) for the three months …

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Russia-backed Nayara taps Indian IT firm after Microsoft suspends service, sources say

29 Jul 2025

By Nidhi Verma NEW DELHI (Reuters) -Russia-backed Indian refiner Nayara Energy, recently sanctioned by the European Union, has turned to domestic firm Rediff.com after the U.S. tech giant Microsoft suspended IT services, three sources familiar with the matter said. Nayara, which has condemned the sanctions, said on Monday it had filed a case against Microsoft …

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India’s Adani Power to consider stock split

29 Jul 2025

(Reuters) -Indian thermal power firm Adani Power said on Tuesday its board will consider a proposal to split its equity shares at a meeting on August 1. (Reporting by Yagnoseni Das in Bengaluru; Editing by Mrigank Dhaniwala)

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