Reuters India Business

India’s Assam state pauses green hydrogen policy in setback to investors, sources say

14 Jul 2025

By Sethuraman N R and Sudarshan Varadhan (Reuters) -India’s northeastern state of Assam has put its flagship green hydrogen policy on hold, government and industry sources said, surprising investors already hit by a cut in incentives for clean energy projects. The state, the largest in the northeast, has sought to attract major investments in a …

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Piramal family to sell up to 32% stake in India’s VIP Industries, triggers open offer

13 Jul 2025

(Reuters) -India’s VIP Industries on Sunday announced that Chairman Dilip Piramal and his family have entered  an agreement with the Multiples Consortium to sell a stake of up to 32% in the company. The transaction will trigger an open offer in accordance with the Indian market regulator SEBI’s Takeover Regulations, the statement said.  Upon completion …

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India eases sulphur emission rules for coal power plants, reversing decade-old mandate

12 Jul 2025

By Sarita Chaganti Singh NEW DELHI (Reuters) -India has reversed a decade-old mandate to install $30 billion worth of clean-air equipment, easing sulphur emission rules for most coal-fired power plants, a government order said. Reuters in December reported the government was reviewing 2015 norms that required nearly 540 coal-based power units to install flue-gas desulphurisation …

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Stocks, Canadian dollar slip as Trump announces tariffs on imports from Canada

11 Jul 2025

By Caroline Valetkevitch and Chibuike Oguh NEW YORK (Reuters) -Major stock indexes were slightly lower on Friday as U.S. President Donald Trump’s announcement of tariffs on imports from Canada fanned worries about trade tensions, with the Canadian dollar down against the greenback. Investors were also bracing for an announcement from Trump on tariffs on the …

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Gold climbs over 1% on safe-haven bids as Trump imposes fresh tariffs

11 Jul 2025

By Anushree Mukherjee (Reuters) – Gold prices rose more than 1% on Friday as investors sought safe-haven assets following U.S. President Donald Trump’s announcement of new tariffs, while silver reached its highest level in over 13 years. Spot gold gained 1% to $3,356.93 per ounce by 2:43 p.m. EDT (1843 GMT), after touching its highest …

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India’s Glenmark Pharma soars 10% to record high on AbbVie cancer treatment licensing deal

11 Jul 2025

By Kashish Tandon (Reuters) -Shares of India’s Glenmark Pharmaceuticals jumped 10% to a record high on Friday, a day after its unit signed a licensing deal with U.S. peer AbbVie for its early-stage blood cancer treatment. The stock was the top percentage gainer on the Nifty Pharma index, which traded 0.3% higher compared to a …

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Prada looks at collaboration with Indian footwear artisans after sandal scandal

11 Jul 2025

By Dhwani Pandya and Elisa Anzolin MUMBAI/MILAN (Reuters) -Prada is looking to collaborate with “artisanal footwear” makers in India in a partnership, it said on Friday, two weeks after the Italian luxury group triggered a controversyby debuting ethnic sandals resembling 12th-century Indian ones. After viral photos from a Milan fashion show drew criticism from Indian …

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India’s net direct tax collections fall 1.3% during April 1-July 10

11 Jul 2025

(Reuters) -The Indian government’s net direct tax collection fell 1.3% year-on-year to 5.6 trillion rupees during the April 1-July 10 period, it said in a statement on Friday. Direct taxes, which include corporate and personal tax, grew 3.2% to 6.6 trillion rupees on a gross basis during the period, the statement from the income tax …

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India’s Hindustan Unilever jumps after appointing CEO with ‘strong track record’

11 Jul 2025

(Reuters) -Shares of India’s Hindustan Unilever closed 4.6% higher on Friday, a day after the Dove soapmaker named a senior executive at its parent Unilever with “a strong track record” as its chief executive. Priya Nair, president of Unilever’s beauty and wellbeing business, will take over as CEO of HUL on August 1. Nair “comes …

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Mercedes-Benz India’s first-quarter sales hit record high on strong demand for top-end models, EVs

11 Jul 2025

(Reuters) -German luxury carmaker Mercedes-Benz said its first-quarter sales in India hit an all-time high, rising 10% to 4,238 units, on strong demand for its high-end models and electric vehicles (EVs). Demand for luxury models in India, the world’s third-largest car market, has steadily risen over the last few years as rapid economic growth brought …

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