Reuters India Business

India’s EV makers Tata, Mahindra seek to block hybrids in govt fleets, documents show

30 May 2025

By Aditi Shah NEW DELHI (Reuters) -India’s biggest automakers are seeking to block a pollution management body’s attempts to promote hybrid vehicles in government fleets in and around New Delhi, saying it will disrupt adoption of cleaner battery electric cars and hit investments, documents show. Companies, including Mahindra & Mahindra and Tata Motors, are lobbying …

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India’s economy outperforms peers as it surges 7.4% in January-March

30 May 2025

By Manoj Kumar and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s economy surged 7.4% in January to March, much faster than forecasts and driven by construction and manufacturing, although uncertainty about U.S. tariffs poses risks to the outlook. Gross domestic product in Asia’s third-largest economy was above a forecast year-on-year growth of 6.7% in a …

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Adani’s Mumbai airport spars with IndiGo, Air India over payment terms

30 May 2025

By Aditya Kalra NEW DELHI (Reuters) -The airport in India’s financial capital of Mumbai, run by the Adani Group, has triggered a lobbying effort by top carriers IndiGo and Air India after it changed payment rules, citing financial needs and a risk of airline defaults, documents show. The airport is one of India’s busiest at …

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Indian benchmarks end May with gains as investors wait for growth data

30 May 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s benchmark indexes edged lower on Friday but logged a third straight monthly gain, supported by steady institutional inflows and earnings momentum despite geopolitical and trade concerns. The Nifty 50 rose 1.7% in May to 24,750.70, while the BSE Sensex gained 1.5% to 81,451.01; both indexes are …

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India’s IndiGo to add 10 new international destinations to its network

30 May 2025

(Reuters) -Indian airline IndiGo will add 10 international destinations and broaden its business class offerings overseas this year, CEO Pieter Elbers said on Friday, ramping up competition with rival Air India. The move marks a fresh push by IndiGo to tap into premium international travel, a space long dominated by Tata-owned Air India. IndiGo, which …

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Foreign investors raise bets that India stock market rally may stall

30 May 2025

By Vivek Kumar M and Bharath Rajeswaran (Reuters) – Foreign investors are becoming more cautious about the Indian stock market, indicating a three-month rally may run out of legs despite retail traders growing optimistic, according to monthly derivatives data analysed by two brokerages. The Nifty 50 has risen about 12% from March through May, largely …

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Factbox-How does India benefit from early, ample monsoon rains?

30 May 2025

By Rajendra Jadhav MUMBAI (Reuters) -India’s weather office has forecast an above-average monsoon season for the second straight year in 2025, with the annual rains arriving at their earliest in 16 years. The rains have spread to nearly half the country ahead of schedule, after hitting the coast of the southernmost state of Kerala on …

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Exclusive-India to exempt Saudi fund from foreign portfolio investment rules, sources say

30 May 2025

By Shubham Batra NEW DELHIMay 30 (Reuters) -India has agreed to exempt Saudi Arabia’s sovereign wealth fund from a set of foreign portfolio investment rules to attract capital flows and strengthen financial ties between the two nations, two sources said. The rules, which club investments through various sovereign entities together and cap it at 10% …

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India federal finance ministry seeks relaxation in central bank’s gold loan proposals

30 May 2025

MUMBAI (Reuters) -India’s federal finance ministry has sought relaxations in the new rules on gold loans proposed by the central bank, according to a post on its official social media handle. The department of financial services under the finance ministry has asked the Reserve Bank of India to ensure that the needs of small gold …

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