Reuters India Business

Adani Group to invest $7.17 billion in power projects in India’s Assam state

14 Nov 2025

NEW DELHI (Reuters) -India’s Adani Group said on Friday it will invest about 630 billion rupees ($7.17 billion) in two major energy projects in the north-eastern state of Assam, including what will be the region’s largest privately built coal-fired power plant. Reuters last month reported that Adani Power had emerged as the lowest bidder for …

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Price rise dulls activity in top hubs; India discounts hit 5-month high

14 Nov 2025

By Brijesh Patel and Rajendra Jadhav (Reuters) -Physical gold demand across major Asian markets was subdued this week as elevated prices curtailed buying activity, with discounts in India reaching their highest level in five months. Indian dealers’ discounts were up to $43 per ounce over official domestic prices, inclusive of 6% import and 3% sales …

Price rise dulls activity in top hubs; India discounts hit 5-month high Read More »

India’s Pine Labs jumps 29%, overcoming valuation jitters in red-hot IPO market

14 Nov 2025

BENGALURU -India’s Pine Labs soared in its trading debut on Friday, valuing the company at 320.27 billion rupees ($3.64 billion), as strong growth prospects for the payment solutions company trumped valuation worries in a sizzling IPO market. After listing at 242 rupees, the stock rose as much as 28.5% higher than its issue price of …

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India’s Adani Group to invest over $11 billion in Andhra Pradesh

14 Nov 2025

(Reuters) -Indian conglomerate Adani Group will invest over 1 trillion rupees ($11.38 billion) across sectors like data centers and cement in the southern state of Andhra Pradesh, managing director of Adani Ports, Karan Adani said on Friday at an event. ($1 = 87.8950 Indian rupees) (Reporting by Urvi Dugar in Bengaluru)

India regulator proposes relaxations in pre-IPO lock-in rules

13 Nov 2025

By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator on Thursday proposed easing lock-in requirements for existing shareholders in public issues, excluding large shareholders or promoters who have the ability to influence company decisions. The current pre-IPO lock-in process is “cumbersome”, Tuhin Kanta Pandey, chairman of Securities and Exchange Board of India, told Reuters on …

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India’s Manipal Education to bid for bankrupt parent of ed-tech firm Byju’s

13 Nov 2025

(Reuters) -India’s Manipal Education and Medical Group said on Thursday it had submitted an expression of interest to bid for bankrupt company Think and Learn, the parent of Indian ed-tech firm Byju’s. Byju’s, which operated in more than 21 countries, became popular during the COVID-19 pandemic by offering online education courses. Once an investor darling, …

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India’s Mahindra forays into life insurance in JV with Canada’s Manulife

13 Nov 2025

(Reuters) -India’s Mahindra & Mahindra will form a life insurance joint venture with Canada’s Manulife, expanding an existing 5-year old partnership, with both companies committing up to $400 million over the next decade. The joint venture marks Manulife’s entry into one of the world’s fastest growing insurance markets, the size of which is projected to …

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Gold falls 1% as broad market sell-off follows US government reopening

13 Nov 2025

By Anmol Choubey and Pablo Sinha (Reuters) -Gold prices fell 1% on Thursday, pulling back from a three-week high earlier in the session amid a broad market sell-off following the reopening of the U.S. government. Spot gold lost 1.1% to $4,151.86 per ounce as of 02:16 p.m. EST (1916 GMT). Elsewhere, spot silver fell 2.3% …

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Manulife’s shares hit record after insurer unveils new expansion strategy, India focus 

13 Nov 2025

(Corrects paragraph three to say CEO was head of Asia for two years, not four) By Nivedita Balu and Pritam Biswas TORONTO (Reuters) -Shares of Manulife hit a record high on Thursday after the Canadian insurer unveiled a new strategy to invest in Asia, capture market share in major economies and diversify at a time …

Manulife’s shares hit record after insurer unveils new expansion strategy, India focus  Read More »

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