Reuters India Business Archives - Page 4 of 1191

ICICI Prudential Asset becomes fourth most subscribed India IPO with $33 billion in bids

16 Dec 2025 16 Dec 2025

By Vivek Kumar M Dec 16 (Reuters) – ICICI Prudential Asset Management received bids worth 3 trillion rupees ($33 billion) for its IPO, making it the fourth most subscribed IPO in India. The $1.2 billion share sale that closed on Tuesday saw the highest bids after IPOs by Reliance Power in 2007, LG Electronics India …

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Explainer-What are the changes to India’s proposed civil nuclear law?

16 Dec 2025 16 Dec 2025

By Sarita Chaganti Singh NEW DELHI, Dec 16 (Reuters) – India has proposed a law that ends six decades of state monopoly over nuclear power, allowing private companies and even individuals to build and operate reactors. The new bill must be approved by the lower and upper houses of parliament to become law. Here’s what …

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Indian tribunal clears Vedanta’s five-way demerger

16 Dec 2025 16 Dec 2025

BENGALURU, Dec 16 – An Indian tribunal has approved oil-to-metals conglomerate Vedanta’s plan to split into five different listed entities, the company said on Tuesday. The plan, first floated in 2023, was facing pushback from the government that feared it would hinder its ability to recover dues. The approval comes after Vedanta’s shareholders and lenders …

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Rupee hits record low, sapped by hedging demand and outflows

16 Dec 2025 16 Dec 2025

By Jaspreet Kalra MUMBAI, Dec 16 (Reuters) – The Indian rupee fell to a lifetime low on Tuesday as weak risk appetite amplified lingering pressure from hedging demand and portfolio outflows amid continued uncertainty over a U.S. trade deal. The rupee fell to 91.0750 per dollar before ending 0.3% lower at 91.0275. It has declined …

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Indian shares fall for second session; Axis Bank among top laggards

16 Dec 2025 16 Dec 2025

By Vivek Kumar M Dec 16 (Reuters) – India’s equity benchmarks fell for a second consecutive session on Tuesday and rupee slipped beyond 91 per dollar as investors navigate persistent foreign outflows while a trade deal with the U.S. remains elusive. The Nifty 50 fell 0.64% to 25,860.1 and the BSE Sensex lost 0.63% to …

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Analysis-India’s exports defy tariffs, strengthen hand in US trade talks

16 Dec 2025 16 Dec 2025

By Manoj Kumar and Shivangi Acharya NEW DELHI, Dec 16 (Reuters) – India’s exports leapt in November in defiance of U.S. President Donald Trump’s steep tariffs, providing fresh leverage in ongoing trade talks with Washington and easing pressure on New Delhi to strike a quick deal. Shipments to the United States rose more than 22% …

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Gold pares gains as Ukraine peace talks progress, eyes on US jobs data (Dec 15)

16 Dec 2025 16 Dec 2025

(Corrects paragraph 6 to say markets are pricing in a 78% chance that the Fed will hold rates steady in January, not 78% chance of a cut) By Sarah Qureshi Dec 15 (Reuters) – Spot gold pared earlier gains on Monday following progress in critical talks between U.S. officials and Ukrainian President Volodymyr Zelenskiy aimed …

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Rupee falls past 91 on hedging demand, outflows as US trade stalemate drags

16 Dec 2025 16 Dec 2025

By Jaspreet Kalra MUMBAI, Dec 16 (Reuters) – The Indian rupee breached the 91-per-dollar threshold for the first time on Tuesday, pressured by increased hedging activity and portfolio outflows amid a deadlock in trade negotiations between the U.S. and India. The currency fell 0.3% to 91.0750, hitting a record low for a fourth consecutive session. …

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Indian rupee’s relentless slide fuels talk of RBI pushback, bankers say

16 Dec 2025 16 Dec 2025

By Nimesh Vora MUMBAI, Dec 16 (Reuters) – The Indian rupee’s near one-way slide over the past month, with the currency repeatedly touching all-time lows regardless of broader Asian market cues, is fuelling talk among bankers of heavier pushback from the central bank. The rupee has fallen about 2.5% over the past month, driven by …

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India’s HDFC Bank subsidiaries get nod to buy up to 9.5% stake in IndusInd Bank

16 Dec 2025 16 Dec 2025

Dec 16 (Reuters) – India’s central bank has approved HDFC Bank’s subsidiaries to acquire up to a 9.5% stake in smaller peer IndusInd Bank, the country’s largest private sector lender by market value said late on Monday. The approval is valid for a year from the Reserve Bank of India’s letter dated December 15, HDFC …

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