Reuters India Business

HDB Financial’s IPO gets $19 billion in bids as institutional buyers pile in

27 Jun 2025

By Hritam Mukherjee (Reuters) -HDB Financial Services’ $1.5 billion IPO drew bids worth $19 billion by Friday’s close as institutional buyers rushed for India’s largest offering so far this year, signaling investor confidence in a stock market recovery. India’s IPO market is gaining momentum after a slow start, as the stock market stabilizes following earlier …

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Financials, metals lift Indian benchmarks to weekly gains as geopolitical, trade fears ease

27 Jun 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s benchmark indexes closed higher on Friday, with financials and metals stocks lifting them to weekly gains, as easing geopolitical tensions and optimism around global trade spurred risk-on sentiment. The Nifty 50 gained 0.35% to 25,637.8, and the BSE Sensex rose 0.36% to 84,058.9. The benchmarks extended …

Financials, metals lift Indian benchmarks to weekly gains as geopolitical, trade fears ease Read More »

Rupee posts best week in over two years as dollar’s struggles resurface

27 Jun 2025

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee had its best week since January 2023, as an Iran-Israel ceasefire cooled oil prices and sapped safe-haven dollar demand, while worries over the Federal Reserve’s future independence added pressure on the greenback. The rupee gained 1.3% on the week, its best performance in two and a …

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State Bank of India likely to tap debt market by Aug via tier II issue, sources say

27 Jun 2025

By Dharamraj Dhutia and Siddhi Nayak MUMBAI (Reuters) -State Bank of India is likely to kick off a debt fundraising cycle for state-run lenders in this fiscal year over the next couple of months, with a Basel III-compliant tier II bond issue, three sources familiar with the matter told Reuters on Friday. India’s largest lender …

State Bank of India likely to tap debt market by Aug via tier II issue, sources say Read More »

Brokerages see India’s Nifty climbing towards record highs in July

27 Jun 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s main stock indexes are likely to climb towards record highs in July, powered by sustained domestic inflows, macroeconomic fundamentals and strength in blue-chip companies such as Reliance Industries , two brokerages said on Friday. The Nifty 50 rose 2.9% in the June derivatives series that expired …

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India’s economy to hold top spot for growth, but underlying weaknesses remain: Reuters poll

27 Jun 2025

By Pranoy Krishna and Vivek Mishra BENGALURU (Reuters) -The Indian economy will grow at a mostly steady pace this fiscal year and next after marking a four-year low in 2024-25, according to economists polled by Reuters, who have mostly either kept their forecasts unchanged or made marginal upgrades. That stable outlook comes despite the Reserve …

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India denies entry to UN aviation investigator in Air India crash probe, say sources

27 Jun 2025

(Correct dateline) By Aditya Kalra, Allison Lampert and David Shepardson (Reuters) -India would not allow a UN investigator to join a probe of a crashed Air India jet that some safety experts had criticized for delays in analysis of crucial black box data, two senior sources familiar with the matter told Reuters. Earlier this week, the …

India denies entry to UN aviation investigator in Air India crash probe, say sources Read More »

Lilly to launch Mounjaro pen in India as Novo rivalry heats up in mega market

26 Jun 2025

(Reuters) -India’s drug regulator on Thursday approved the launch of pre-filled injector pens of Eli Lilly’s blockbuster weight-loss drug, Mounjaro, giving the company more options to compete with rival Novo Nordisk’s recently launched Wegovy. India, the world’s most populous country, has high obesity rates and the second-highest number of people with type 2 diabetes. Around …

Lilly to launch Mounjaro pen in India as Novo rivalry heats up in mega market Read More »

India’s Credila Financial Services files for $584 million IPO

26 Jun 2025

(Reuters) -Credila Financial Services [HDFR.NS] on Thursday filed for an initial public offering worth 50 billion rupees ($583.76 million), a draft prospectus showed. The company’s IPO consists of a fresh issue of shares worth 30 billion rupees, while existing shareholders HDFC Bank and Kopvoorn B.V. will sell shares worth 20 billion rupees. Proceeds from the …

India’s Credila Financial Services files for $584 million IPO Read More »

Fintech firm Pine Labs seeks up to $6 billion valuation in India IPO, source says

26 Jun 2025

By Vivek Kumar M (Reuters) -Indian fintech firm Pine Labs’ [PINL.NS] initial public offering could be worth about $1 billion and the company is seeking a valuation of up to $6 billion, a source familiar with the matter said on Thursday. Pine Labs is looking to issue fresh shares worth 26 billion rupees ($304 million) …

Fintech firm Pine Labs seeks up to $6 billion valuation in India IPO, source says Read More »

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