Reuters India Business Archives - Page 212 of 1191

India’s investment trusts to expand debt fundraising as yields drop, analysts say

21 Jul 2025 21 Jul 2025

By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) -Debt fundraising by India’s asset-backed investment trusts is expected to keep rising after exceeding $2 billion in the first half of 2025, as falling interest rates continue to fuel strong investor demand, analysts said. The real estate investment trusts (REIT) and infrastructure investment trusts (InvIT) raised over …

India’s investment trusts to expand debt fundraising as yields drop, analysts say Read More »

India changes time for release of key overnight benchmark rate

21 Jul 2025 21 Jul 2025

MUMBAI (Reuters) -India has pushed the timing of publishing an overnight benchmark rate by two hours, with effect from August 4, Financial Benchmark India said. Financial Benchmark India will publish the daily Mumbai Interbank Offer Rate at 12:45 p.m. IST, instead of the current 10:45 a.m. IST, it said in a release dated July 18. …

India changes time for release of key overnight benchmark rate Read More »

India’s HPCL seeks 10 LNG cargoes for March 2026-December 2027 delivery, sources say

21 Jul 2025 21 Jul 2025

SINGAPORE (Reuters) -India’s Hindustan Petroleum Corp (HPCL) has issued a tender seeking 10 cargoes of liquefied natural gas (LNG) for delivery from March 2026 to December 2027 to its Chhara import terminal in western India, two industry sources said on Monday. HPCL is seeking one cargo per month for delivery in March, April, October and …

India’s HPCL seeks 10 LNG cargoes for March 2026-December 2027 delivery, sources say Read More »

India’s HDFC Bank, ICICI Bank rise on upbeat quarterly results

21 Jul 2025 21 Jul 2025

(Reuters) -Shares of HDFC Bank and ICICI Bank, India’s top private lenders by market capitalisation, gained more than 2% on Monday, after quarterly results inspired confidence about their ability to maintain healthy loan growth. HDFC Bank and ICICI Bank, among the heaviest stocks on the benchmark Nifty 50, were trading 2% and 2.4% higher, respectively, …

India’s HDFC Bank, ICICI Bank rise on upbeat quarterly results Read More »

Indian rupee to track dollar recovery, bond market focused on rate cut bets

21 Jul 2025 21 Jul 2025

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee will likely take cues from how far the dollar’s nascent recovery extends this week, while bonds will move based on expectations of interest rate cuts by the local central bank. The rupee closed at 86.1475 on Friday, down 0.4% on the week. It is …

Indian rupee to track dollar recovery, bond market focused on rate cut bets Read More »

Russia Rosneft slams EU sanctions on India’s Nayara refinery

20 Jul 2025 20 Jul 2025

MOSCOW (Reuters) -Rosneft, Russia’s biggest oil producer, on Sunday slammed European Union sanctions on India’s Nayara Energy refinery as unjustified and illegal, saying the restrictions directly threatened India’s energy security. The European Union’s 18th package of sanctions against Russia over the conflict in Ukraine, was approved on Friday and is aimed at dealing further blows …

Russia Rosneft slams EU sanctions on India’s Nayara refinery Read More »

India’s ICICI Bank reports 15.5% profit growth in Q1 helped by higher core lending income

19 Jul 2025 19 Jul 2025

(Reuters) -ICICI Bank, India’s second-largest private lender by market capitalisation, beat quarterly profit forecasts on Saturday, helped by healthy loan growth resulting in higher core lending income. The bank’s standalone net profit rose 15.5% to 127.68 billion Indian rupees ($1.48 billion) in the April-to-June quarter, above the average analyst forecast of 120.24 billion rupees, according …

India’s ICICI Bank reports 15.5% profit growth in Q1 helped by higher core lending income Read More »

India’s HDFC Bank reports 12.2% profit growth in Q1 due to higher interest income

19 Jul 2025 19 Jul 2025

(Reuters) -HDFC Bank, India’s largest private bank by market capitalisation, reported higher-than-expected quarterly profit on Saturday due to a surge in interest income from loans and treasury gains, even as provisions for bad loans spiked. The bank’s standalone net profit rose 12.2% to 181.55 billion rupees ($2.11 billion) in the April-to-June quarter, above the average …

India’s HDFC Bank reports 12.2% profit growth in Q1 due to higher interest income Read More »

India’s financial crime fighting agency summons Google, Meta executives, sources say

19 Jul 2025 19 Jul 2025

By Nikunj Ohri (Reuters) -India’s financial crime fighting agency has summoned executives of tech giants Google and Meta to its headquarters on Monday as it investigates accusations of money laundering on online betting apps, two government sources said. The Enforcement Directorate (ED) is investigating whether the platforms eased the way for promotion and wider reach …

India’s financial crime fighting agency summons Google, Meta executives, sources say Read More »

India markets regulator proposes several changes to mutual fund rules

18 Jul 2025 18 Jul 2025

(Reuters) -India’s markets regulator on Friday proposed a series of changes to mutual fund scheme rules, including allowing asset managers to offer both value and contra funds under certain conditions. The Securities and Exchange Board of India, in a consultation paper published on its website, suggested permitting mutual funds to offer both value and contra …

India markets regulator proposes several changes to mutual fund rules Read More »