Reuters India Business

Indian shares advance on EU tariff relief, central bank’s record dividend

26 May 2025

By Bharath Rajeswaran (Reuters) -Indian shares advanced on Monday, extending gains from the previous session, on easing global trade tensions and the Reserve Bank of India’s record dividend transfer, which reaffirmed prospects of sustained fiscal consolidation. The Nifty 50 closed 0.6% higher at 25,001.15, while the BSE Sensex traded 0.56% higher to close at 82,176.45. …

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Rupee ends slightly higher; importer dollar bids, yuan’s slip erode early gains

26 May 2025

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee closed modestly stronger after hitting a two-week high on Monday as a turnaround in the dollar index weighed on regional peers like the Chinese yuan, which touched a seven-month peak earlier in the day. The rupee closed at 85.0.850 against the U.S. dollar, up 0.1% from its …

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Gillette India’s quarterly profit surges on strong demand for grooming products

26 May 2025

(Reuters) -Gillette India posted a 60% rise in third-quarter profit on Monday, driven by strong demand for its grooming products. Shares of the company climbed nearly 10% after the results. The Procter & Gamble-owned company, known for its razors and shaving creams, reported 1.59 billion rupees ($18.7 million) in profit for the quarter ended March …

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India’s top court pauses liquidation of $2.3 billion JSW-Bhushan Power deal

26 May 2025

By Arpan Chaturvedi NEW DELHI (Reuters) -India’s top court on Monday halted the liquidation proceedings of Bhushan Power and Steel (BPSL), weeks after it rejected JSW Steel’s $2.3 billion deal to acquire the firm. The ruling came after JSW Steel and some creditors of Bhushan Power and Steel told the Supreme Court they will be …

India’s top court pauses liquidation of $2.3 billion JSW-Bhushan Power deal Read More »

Indian stock broking platform Groww confidentially files for up to $1 billion IPO, sources say

26 May 2025

BENGALURU (Reuters) -Indian stock broking platform Groww has confidentially filed draft papers for an initial public offering, a newspaper advertisement showed on Monday, with two sources putting the IPO size between $700 million and $1 billion. The IPO is a mix of fresh issue of shares and existing investors paring some stake, the sources said, …

Indian stock broking platform Groww confidentially files for up to $1 billion IPO, sources say Read More »

India’s central bank seeks approval for overseas rupee lending to neighbours, sources say

26 May 2025

By Shubham Batra NEW DELHI (Reuters) -India’s central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency to overseas borrowers for the first time, two sources said. The Reserve Bank of India (RBI) has asked the federal government to allow domestic banks and their foreign …

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Traders to look out for rupee extending rally; bond yields may see uptick

26 May 2025

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -Traders will gauge likelihood of the Indian rupee extending its rally this week as reignited worries about U.S. trade tariffs, alongside lingering fiscal concerns hurt the dollar, while bond yields may move up after the central bank’s surplus transfer. The rupee closed at 85.2125 on Friday, posting …

Traders to look out for rupee extending rally; bond yields may see uptick Read More »

Indian watchdog found global ad agencies colluded on fees, document shows

23 May 2025

By Aditya Kalra NEW DELHI (Reuters) -India’s antitrust body found that global ad agencies breached laws by coordinating on commissions they charge advertisers, prompting the watchdog’s raids on advertising and media companies in March, according to a document which sheds new light on the investigation into the media sector. The Competition Commission of India conducted …

Indian watchdog found global ad agencies colluded on fees, document shows Read More »

US dollar tumbles as Trump’s EU tariff talk spurs investor flight

23 May 2025

By Chuck Mikolajczak and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar dropped across the board on Friday, as investors dumped the currency after U.S. President Donald Trump once again ratcheted up his trade war, recommending that the European Union be hit with 50% tariffs beginning June 1. That rekindled concern about the impact …

US dollar tumbles as Trump’s EU tariff talk spurs investor flight Read More »

India to discuss with security agencies IndiGo’s Turkish Airlines partnership

23 May 2025

By Abhijith Ganapavaram NEW DELHI (Reuters) -India will discuss with security agencies IndiGo’s codeshare and leasing pacts with Turkish Airlines and decide on further action, its civil aviation minister said on Friday. The move follows growing public anger in India against Turkey’s support for Pakistan during a recent conflict sparked by an attack on tourists by …

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