Reuters India Business Archives - Page 38 of 1191

India’s Adani Enterprises says bid for Jaiprakash Associates won creditor nod

19 Nov 2025 20 Nov 2025

By Gopika Gopakumar MUMBAI (Reuters) -India’s Adani Enterprises said on Wednesday that creditors of Jaiprakash Associates have approved its takeover proposal for the bankrupt infrastructure group. Earlier in the day, Reuters, citing two officials, reported that the creditors, mostly Indian banks, opted for Adani’s 135-billion-rupee ($1.53 billion) bid over Vedanta’s higher 170-billion-rupee offer because it …

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Gold trims gains after US Fed minutes

19 Nov 2025 19 Nov 2025

By Pablo Sinha and Ashitha Shivaprasad (Reuters) -Gold prices pared gains on Wednesday after the release of minutes from the Federal Reserve’s latest meeting, while market participants focused on upcoming economic data for further clues on the U.S. interest rate path. Spot gold was up 0.2% at $4,073.79 per ounce, at 2:25 p.m. ET (1925 …

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Indian state regulator delays power deal with Adani’s $2 billion project over cost issues

19 Nov 2025 19 Nov 2025

By Sethuraman N R NEW DELHI (Reuters) -The power regulator for northern Indian state Uttar Pradesh has delayed approval of a power supply deal with Adani Group’s new $2 billion coal power project over lack of clarity around costs, a filing showed on Wednesday, six months after the announcement. Adani Power in May won a …

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Global liquor giants seek $337 million overdue payment from Indian state

19 Nov 2025 19 Nov 2025

By Aditya Kalra NEW DELHI (Reuters) -Alcohol industry groups representing Heineken, Diageo and Pernod Ricard have urged the southern Indian state of Telangana to settle $337 million in overdue payments, saying further delay risks supply shortages and threatens business continuity, a letter seen by Reuters shows. Telangana is one of the largest alcohol-consuming regions in …

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CEO of Indian conglomerate JSW’s copper business resigns, sources say

19 Nov 2025 19 Nov 2025

By Neha Arora NEW DELHI (Reuters) -The CEO of India’s steel-to-power conglomerate JSW Group’s copper business Pankaj Kumar has resigned from the company, two sources familiar with the matter said on Wednesday, citing the group’s shift in focus towards steel and EVs. Kumar is currently serving a notice period until the end of December, the …

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Indian shares closer to peak levels as foreign inflows likely help

19 Nov 2025 19 Nov 2025

By Vivek Kumar M (Reuters) -Indian shares shook off early nerves and inched closer to record highs on Wednesday, underpinned possibly by foreign inflows and a rally in information-technology stocks. The Nifty 50 climbed 0.55% to 26,052.65, while the BSE Sensex rose 0.61% to 85,186.47, placing both benchmarks less than 1% below the lifetime peaks …

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Rupee ends nearly flat, wedged between competing merchant flows

19 Nov 2025 19 Nov 2025

By Jaspreet Kalra MUMBAI (Reuters) -The rupee closed nearly unchanged on Wednesday, easing off a two-week high as importer dollar demand ate into gains spurred by a pick up in exporter flows and a mildly bullish bias among interbank traders. The rupee ended the session at 88.5875 against the U.S. dollar, up marginally from its …

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Wall Street banks ignite rush for Indian rupee rally wagers tied to trade deal optimism

19 Nov 2025 19 Nov 2025

By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) -Offshore investors are using options to position for a potential rally in the Indian rupee, encouraged by Wall Street banks promoting strategies built on the prospect of a trade deal between the United States and India. Over the past two weeks, several banks have floated trades linked …

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India’s Fractal Analytics bets heavily on R&D in AI race ahead of IPO

19 Nov 2025 19 Nov 2025

(Refiles to add editing credit) By Komal Salecha (Reuters) -Indian enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development spending ahead of its market debut for which a date has not yet been set, a top executive said. Fractal, which specialises in AI-driven decision-making for large businesses, will continue to invest …

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Modi ally and political scion fuels investment boom in southern Indian state

19 Nov 2025 19 Nov 2025

By Sarita Chaganti Singh and Krishna N. Das AMARAVATI, India (Reuters) -A 42-year-old MBA from Stanford is becoming the go-to person for multinationals looking to invest in India, leveraging his party’s proximity to Prime Minister Narendra Modi to dismantle the country’s infamous bureaucratic bottlenecks and secure near-instant approvals for billion-dollar projects. Nara Lokesh says he …

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