Reuters India Business

CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions, sources say

25 Jul 2025

(Refiles to fix formatting) By Nidhi Verma NEW DELHI (Reuters) -Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with knowledge of the matter said on Friday. The reshuffle at the top is the latest disruption for the …

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Indian homebuilder Sobha’s profit jumps on sustained demand for premium apartments

25 Jul 2025

(Reuters) -Indian homebuilder Sobha reported a first-quarter profit on Friday that more than doubled, helped by higher prices and sustained demand for premium apartments. The Bengaluru-based real estate company, which logged record sales in the June-quarter, said its consolidated net profit rose to 136.2 million Indian rupees ($1.58 million) from 60.56 million rupees year. Revenues …

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India’s Tata Chemicals posts first-quarter profit jump on cost reductions

25 Jul 2025

(Reuters) -India’s Tata Chemicals reported a rise in first-quarter profit on Friday, as lower expenses limited the impact of lower soda ash prices and subdued volumes. The chemical maker’s consolidated net profit rose 87% to 2.52 billion rupees ($29.1 million) in the quarter ended June 30. Its revenue from operations dropped 1.9% to 37.19 billion …

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India’s SBI Card misses quarterly profit view on higher write-offs

25 Jul 2025

BENGALURU (Reuters) -India’s SBI Cards and Payment Services reported first-quarter profit below expectations on Friday, weighed by a surge in the credit card service provider’s write-offs. The country’s lenders are grappling with rising bad loans, particularly in sectors such as microfinance, credit cards and personal loans. Analysts have attributed this to over-leveraging and an increase …

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India-UK trade deal signals Modi’s priorities as New Delhi eyes EU, US pacts

25 Jul 2025

By Manoj Kumar NEW DELHI (Reuters) -India’s trade deal with Britain is a sign of New Delhi’s new gradual shift to opening up its markets while shielding crucial sectors from competition and could be its template for future agreements, government officials and analysts said on Friday. Signed on Thursday and hailed by Prime Minister Narendra …

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Rupee slides for third straight week as tariff deadline, Fed decision near

25 Jul 2025

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee fell to a one-month low on Friday, and logged its third straight weekly decline, pressured by outflows from local stocks and caution among investors ahead of a news-heavy week dominated by tariffs and central bank decisions. The rupee closed at 86.5150 against the U.S. dollar on …

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Indian shares dip; benchmarks hit month-low as earnings, outflows weigh

25 Jul 2025

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -India’s equity benchmarks ended at a one-month low on Friday, marking their longest weekly losing streak so far in 2025 as a broad sell-off driven by weak earnings, foreign outflows and global trade uncertainty dented investor sentiment. The Nifty 50 and the BSE Sensex fell 0.5% and …

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India’s Shriram Finance posts quarterly profit rise on healthy loan growth

25 Jul 2025

(Reuters) -India’s Shriram Finance posted a rise in first quarter profit on Friday, helped by healthy loan growth. The non-banking finance company (NBFC) reported an 8.8% year-on-year rise in standalone profit at 21.56 billion rupees ($249.01 million) for the quarter ended June 30. However, this was slightly below the analysts’ average estimate of 21.91 billion …

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Indian drugmaker Cipla beats first-quarter profit view on higher domestic demand

25 Jul 2025

(Reuters) -Cipla, India’s third-largest drugmaker by sales, reported a better-than-expected quarterly profit on Friday, driven by higher domestic demand for its generic respiratory drugs. The company’s consolidated net profit rose 10% to 12.98 billion rupees ($150 million) in the April-June quarter, beating analysts’ average estimate of 12.11 billion rupees, per data compiled by LSEG. Total …

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Asian Paints aims to quash Indian antitrust probe, saying investigation order mishandled

25 Jul 2025

By Aditya Kalra, Arpan Chaturvedi and Aditi Shah NEW DELHI (Reuters) -India’s biggest paints maker, Asian Paints, is seeking to quash an antitrust inquiry, arguing that officials damaged its reputation by publishing – and then deleting – allegations against its CEO from the investigation order, legal papers show. Rapid infrastructure and real estate growth in …

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