Reuters India Business

India’s Varun Beverages beat quarterly profit view as cost control cushions damp sales

29 Jul 2025

(Reuters) -India’s Varun Beverages reported second-quarter profit above market expectations on Tuesday, as cost control measures helped offset damp bottled beverage sales exacerbated by early monsoon rains. April-June is usually a strong quarter for packaged beverage makers, as India’s summer drives up demand for cold drinks. But this year, monsoon rains arrived early, cooling temperatures. …

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Indian refiner Nayara trims crude runs in wake of EU sanctions, sources say

29 Jul 2025

By Nidhi Verma and Mohi Narayan NEW DELHI (Reuters) -Russia-backed Indian refiner Nayara Energy has reduced operations at its 400,000-barrel-per-day refinery in the aftermath of new European Union sanctions that targeted the firm, five sources familiar with the matter said. Privately-held Nayara, which runs India’s third-biggest refinery at the port of Vadinar in the western …

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Indian eyewear retailer Lenskart files for IPO, to raise $247 million in fresh issue

29 Jul 2025

(Reuters) -India’s biggest eyewear retailer Lenskart has filed for an initial public offering, which includes the issue of fresh shares worth 21.5 billion rupees ($247.58 million), its draft prospectus showed on Tuesday. Large shareholders of the company, known as “promoters”, will also cumulatively sell 132.3 million shares. These include Japan’s SoftBank, Mumbai-based private equity firm …

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India’s GAIL issues swap tender for six LNG cargoes, sources say

29 Jul 2025

SINGAPORE (Reuters) -GAIL (India) Ltd has issued a swap tender, offering six U.S.-loaded liquefied natural gas (LNG) cargoes in exchange for six deliveries to India, two industry sources said on Tuesday. GAIL, India’s largest gas distributor, is offering the cargoes for loading on a free-on-board (FOB) basis in February, April, June, August, October and December …

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Jane Street likely to argue retail demand drove its India trades, Bloomberg News reports

29 Jul 2025

(Reuters) -New York-based trading firm Jane Street Group is likely to argue that its controversial Indian options trades were a response to outsized demand from retail investors, Bloomberg News reported on Monday, citing people familiar with the matter. In an interim order on July 3, the Securities and Exchange Board of India barred the company …

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Gold falls to near 3-week low as US-EU deal boosts risk appetite ahead of Fed meeting

28 Jul 2025

By Sherin Elizabeth Varghese (Reuters) – Gold fell to a near three-week low on Monday as a U.S.-European Union trade accord lifted the dollar and risk sentiment, while investors awaited fresh cues on rate policy from this week’s Federal Reserve meeting. Spot gold fell 0.6% to $3,316.03 per ounce as of 11:36 a.m. ET (1536 …

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Indian drugmaker Torrent Pharma’s quarterly profit jumps on strong demand

28 Jul 2025

(Reuters) -India’s Torrent Pharma reported a 20% jump in its first-quarter profit on Monday, driven by demand for drugs used to treat long-term conditions. The firm’s consolidated net profit rose to 5.48 billion rupees ($63.2 million) for the quarter ended June 30, from 4.57 billion rupees year ago. Its total revenue grew 11% to 31.78 …

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Jane Street seeks more time to respond to Indian regulator’s interim order

28 Jul 2025

BENGALURU (Reuters) -U.S. trading firm Jane Street said on Monday it has sought an extension to respond to an interim order from India’s markets regulator alleging it manipulated securities markets. In an interim order on July 3, the Securities and Exchange Board of India barred the company from trading securities in the Indian market, saying …

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India’s JK Paper reports decline in first-quarter profit on higher costs

28 Jul 2025

(Reuters) -Indian paper and packaging board maker JK Paper reported an eighth straight quarter of a decline in profit on Monday and said it would acquire a 72% stake in private peer Borkar Packaging for 2.35 billion rupees. Domestic paper manufacturers have been facing a double whammy of higher wood prices — a key raw …

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