Reuters India Business

India’s SBI launches share sale to institutional investors

16 Jul 2025

BENGALURU (Reuters) -State Bank of India, the country’s largest lender by assets, said on Wednesday it launched a share sale to instituitonal investors. The floor price of the fundraise, through a so-called qualified institutional placement, is 811.05 rupees per share, compared to the bank’s Wednesday closing price of 831.70 rupees. (Reporting by Nishit Navin; Editing …

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India’s Embassy REIT to tap debt market with 20 billion rupee bond sale, sources say

16 Jul 2025

By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -India’s Embassy Office Parks REIT is in talks with bankers to raise 20 billion rupees ($232.79 million) via the issuance of five-year corporate bonds, three sources aware of the matter said on Wednesday. The real estate investment trust will look to close the funding round before the …

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India’s June gold imports fall to two-year low as record price dents demand

16 Jul 2025

By Rajendra Jadhav MUMBAI (Reuters) -India’s gold imports in June fell 40% from a year ago to their lowest level in more than two years, as a price rally to a record high sapped demand, a government and two industry officials told Reuters. Imports to India, the world’s second-largest gold consumer, fell to 21 tons, …

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Schneider Electric considers buying remaining stake in India unit, Bloomberg News reports

16 Jul 2025

(Reuters) -French industrial tech firm Schneider Electric is in talks to buy the remaining 35% stake in its India unit from minority partner Temasek Holdings, Bloomberg News reported on Wednesday. The deal, which is worth $1 billion, values Schneider Electric India Pvt at roughly $5 billion including debt, Bloomberg News reported, citing people familiar with …

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Rupee falls as US inflation jitters dent Fed rate cut bets, hoist dollar

16 Jul 2025

By Jaspreet Kalra MUMBAI(Reuters) – The Indian rupee fell on Wednesday as the latest U.S. inflation report showed that tariffs were beginning to feed into prices, weakening bets on rate cuts by the Federal Reserve, which lifted U.S. Treasury yields and the dollar. The rupee closed at 85.94 per U.S. dollar, down 0.1% from its …

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India’s benchmarks settle flat as gains in state-owned lenders offset metals losses

16 Jul 2025

By Bharath Rajeswaran (Reuters) -India’s benchmark shares closed flat on Wednesday as gains in public sector banks following State Bank of India’s fundraise approval offset losses in metal stocks due to a stronger dollar on rising U.S. inflation. The Nifty 50 rose 0.06% to 25,212.05, while the Sensex gained 0.08% to 82,634.48. Both benchmarks fell …

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Jio BlackRock gets India markets regulator nod to launch five passive funds

16 Jul 2025

(Reuters) -Jio BlackRock has received approval from India’s markets regulator to launch five passive index funds, the Securities and Exchange Board of India’s website showed on Wednesday. The funds will mirror five indexes, namely, the blue-chip Nifty 50, Nifty Midcap 150, Nifty smallcap 250, Nifty Next 50 and the benchmark index tracking Indian government bonds …

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India’s ITC Hotels posts 54% jump in first-quarter profit on strong room sales

16 Jul 2025

(Reuters) -ITC Hotels, one of India’s leading hospitality chains, reported a 54% increase in first-quarter profit on Wednesday, driven by a strong increase in room sales. Consolidated net profit came in at 1.33 billion rupees ($15.5 million) in the quarter ended June 30, compared with 865.3 million rupees last year. Revenue from room sales, ITC …

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Indian fund managers line up long-short equity funds for wealthy

16 Jul 2025

By Jayshree P Upadhyay and Khushi Malhotra MUMBAI (Reuters) -At least ten Indian and foreign asset managers plan to launch higher-risk, long-short equity funds to wealthier investors after the regulator approved the strategy earlier this year, according to executives at these firms and public filings. The new category of investment funds were first announced last …

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India’s GAIL in initial talks for long-term LNG deal with Alaska LNG, sources say

16 Jul 2025

By Nidhi Verma NEW DELHI (Reuters) -India’s state-run GAIL is in initial talks to buy liquefied natural gas from the proposed Alaska LNG project as the South Asian nation expands its import capacity, three industry sources with knowledge of the matter said. The talks with developer Glenfarne come as India works to raise its energy …

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