Reuters India Business

Adani Group, Reliance pledge more investments in north-eastern India

23 May 2025

(Reuters) -Indian conglomerates led by billionaires Gautam Adani and Mukesh Ambani said in separate statements on Friday that they will invest more money to develop their projects in the country’s northeast region. The Adani Group will invest 500 billion rupees ($5.84 billion) over the next decade to develop infrastructure, including roads and highways, as well …

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India’s Honasa targets double-digit revenue growth on retail push, eyes Mamaearth revival

23 May 2025

By Praveen Paramasivam (Reuters) -India’s Honasa Consumer, which owns beauty brands including BBlunt, is deepening its push into neighbourhood stores to drive double-digit revenue growth this fiscal, while also looking to revive its flagship Mamaearth brand, a top executive told Reuters. The company, which currently serves more than 100,000 stores directly, plans to expand to …

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India’s central bank reviewing shareholding norms for banks, says chief Malhotra

23 May 2025

MUMBAI (Reuters) -India’s central bank is examining shareholding norms and licensing rules for banks as part of a broader review, Governor Sanjay Malhotra told the Times of India in an interview, less than a month after Japanese lender Sumitomo Mitsui signed a deal to acquire 20% in Yes Bank. While India permits 74% foreign direct …

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Outflows, decline past key technical level pushes rupee to one-month low

23 May 2025

(This May 22 story has been refiled to say ‘BofA Global Research’ instead of ‘BofA Research’ in paragraph 7) By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee declined to a more-than-one-month low on Thursday, pressured by likely outflows from local equities and the breach of a key technical support level that triggered stop-losses on speculative …

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Ramco Cements posts slump in profit, forecasts higher south India prices

22 May 2025

(Reuters) -Ramco Cements said on Thursday it sees improving cement prices in its key south India market, after reporting a fourth-quarter profit slump hurt by lackluster prices and lower volumes in a seasonally strong period. Adjusted net profit from the cement business sank over 76% to 384.3 million rupees ($4.5 million) in the quarter ended …

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Container Corporation of India’s quarterly profit falls on lower revenue from domestic cargo

22 May 2025

(Reuters) -Container Corporation of India reported a 1.6% fall in fourth-quarter profit on Thursday, hurt by a revenue drop in its domestic cargo services. The state-run rail logistics company’s consolidated net profit fell to 2.99 billion rupees ($34.78 million) for the three months ending March 31, from 3.03 billion rupees a year ago. Revenue from …

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Brookfield eyes tripling India assets to $100 billion in five years

22 May 2025

By Dhwani Pandya MUMBAI (Reuters) -Brookfield Asset Management will triple its India investments to $100 billion within five years, as it bets on the country’s strong growth prospects and rising demand in the infrastructure and clean energy sectors, a senior executive said on Thursday. Brookfield has been doubling down on India investments and has in …

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India’s exchange operator BSE to add Trent, Bharat Electronics to benchmark Sensex

22 May 2025

(Reuters) -India’s BSE will add fashion retailer Trent and state-owned defence firm Bharat Electronics to its benchmark Sensex index from June 23, the exchange operator said on Thursday. IndusInd Bank and Nestle India will exit the 30-stock index, it said. (Reporting by Nandan Mandayam in Bengaluru; Editing by Shilpi Majumdar)

India’s Metro Brands beats quarterly profit estimates on strong demand for premium footwear

22 May 2025

(Reuters) -Footwear retailer Metro Brands reported fourth quarter profit above expectations on Thursday, benefiting from strong demand for its premium products in a quarter that generally sees a high number of weddings. The company’s consolidated profit after tax of 947.5 million Indian rupees ($11.02 million) for the quarter ended March 31 came in above analysts’ …

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