Reuters India Business

(Reuters) -Singapore Telecommunications (Singtel) said on Friday it had sold a 0.8% stake worth S$1.5 billion ($1.16 billion) in India’s Bharti Airtel, as part of the Southeast Asian telecom company’s ongoing asset restructuring strategy. Singtel’s unit Pastel sold 51 million shares of Bharti Airtel, India’s second-largest telecom operator, at 2,030 rupees ($23.10) apiece, representing a …

Singtel sells about $1.2 billion stake in Indian telco Bharti Airtel Read More »

By Kashish Tandon (Reuters) -India’s retail vehicle sales should remain strong through the rest of 2025, an auto dealers’ body said on Friday, as tax cuts and strong rural demand boosted retail sales to a record high in October. October’s overall vehicle sales, the first full-month numbers since goods and services tax (GST) was simplified …

Indian auto dealers see stronger year-end sales after record October boost Read More »

By Pranoy Krishna BENGALURU (Reuters) -The Indian rupee will trade in a narrow range against the U.S. dollar over the coming months, a Reuters poll of FX analysts showed, as the Reserve Bank of India reverts to regularly intervening in the currency market to curb sharp swings. Earlier this year the rupee declined and traded …

Indian rupee to trade in tight range as RBI chokes off speculative bets Read More »

By Noel John and Pablo Sinha (Reuters) -Gold prices edged up on Thursday, buoyed by a weaker dollar and a resurgence of safe-haven demand on concerns over a prolonged U.S. government shutdown and uncertainty over the legality of tariffs. Spot gold was up 0.2% at $3,989.91 per ounce by 1:40 p.m. ET (1840 GMT). U.S. …

Gold rises as US shutdown, tariff uncertainty lift safe-haven demand Read More »

By Rishika Sadam and Kashish Tandon (Reuters) -Apollo Hospitals reported second-quarter profit slightly below estimates and said it would lean more on specialty care to drive growth, the company said on Thursday. The hospital chain reported a 26% rise in second-quarter profit to 4.77 billion rupees ($54.3 million) for the July-September period, although those numbers …

India’s Apollo Hospitals misses Q2 profit view, to focus on specialty care for growth Read More »

By Nishit Navin and Hritam Mukherjee (Reuters) -Life Insurance Corporation of India reported higher second-quarter profit and wider margins on Thursday, buoyed by an improved product mix, and said it anticipates strong insurance demand in the second half of the fiscal year. Profit after tax for the country’s largest insurer rose to 100.53 billion rupees …

India’s LIC reports higher profit, margins; expects strong second-half growth Read More »