Reuters India Business

India’s markets regulator to consult stakeholders to review IPOs of small firms

6 Nov 2025

(Reuters) -India’s markets regulator will consult with exchanges, banks and small-and-medium enterprises associations to review initial public offerings by small businesses, Chairman Tuhin Kanta Pandey said on Thursday. “We have asked exchanges to do physical inspection of SMEs going for IPOs to validate the businesses,” Pandey said during a speech at the SBI Banking and …

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Adani unit signs deal with Australia’s Caravel Minerals copper project

6 Nov 2025

(Reuters) -India’s Adani Enterprises said on Thursday its unit Kutch Copper Ltd (KCL) has signed a non-binding deal with Australia’s Caravel Minerals to accelerate development of a copper project in Western Australia. The initial capital expenditure for the project is estimated at A$1.7 billion ($1.10 billion), with KCL granted first rights to participate in direct …

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Singtel offers to sell stake worth $1.18 billion in India’s Airtel, Bloomberg News reports

6 Nov 2025

(Reuters) -A unit of Singapore Telecommunications has offered to sell shares in India’s Bharti Airtel in a deal that could net about 103.5 billion rupees ($1.18 billion), Bloomberg News reported on Thursday, citing the terms of the offering. The unit, Pastel, has offered to sell 51 million shares or a 0.8% stake in Airtel at …

Singtel offers to sell stake worth $1.18 billion in India’s Airtel, Bloomberg News reports Read More »

Engineering firm ABB India’s profit falls as orders dip

6 Nov 2025

(Reuters) -Engineering services firm ABB India reported a 7% drop in its third-quarter profit on Thursday, as higher expenses and fewer new orders dampened gains from the execution of pending projects. The India unit of Switzerland’s ABB reported a profit of 4.09 billion rupees ($46.53 million) in the three months ended September 30, from 4.4 …

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India in talks to create bigger banks, including via mergers, finance minister says

6 Nov 2025

MUMBAI (Reuters) -India needs more “big banks” and efforts are underway to achieve that goal, including the possibility of consolidating some state-run banks, the country’s finance minister said on Thursday. India has 12 state-owned banks, which together held assets totaling 171 trillion rupees ($1.95 trillion) as of March, representing 55% of the nation’s banking sector. …

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Mankind Pharma posts fourth straight quarterly profit fall on sales hit from tax cuts 

6 Nov 2025

(Reuters) -India’s Mankind Pharma reported a fourth straight quarter of profit fall on Thursday, as the government’s sweeping cuts on its goods and services taxes caused supply chain disruptions, weighing on sales volume. The company, which makes ‘Manforce’ condoms and ‘Gas-O-Fast’ antacid tablets, said consolidated net profit fell nearly 22% to 5.12 billion rupees in …

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India’s Amara Raja posts second-quarter profit beat on tax-cut driven demand

6 Nov 2025

(Reuters) -India’s Amara Raja Energy and Mobility reported a bigger-than-expected rise in second-quarter profit on Thursday, driven by increased demand from automotive manufacturers following India’s tax reforms. The company, which makes Amaron-branded car batteries, reported profit rose 25.6% to 3.02 billion rupees ($34.36 million) in the quarter ended September. Analysts, on average, expected 2.12 billion …

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State Bank of India, Amundi to jointly sell 10% stake in SBI Funds Management via IPO

6 Nov 2025

By Nishit Navin and Gopika Gopakumar BENGALURU/MUMBAI (Reuters) -State Bank of India, the country’s largest lender by assets, and Europe’s biggest fund manager Amundi will jointly sell a 10% stake in SBI Funds Management through an initial public offering, the former said in a statement on Thursday. The asset management firm is India’s largest fund …

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GlaxoSmithKline India reports higher second-quarter profit on specialty medicine growth

6 Nov 2025

(Reuters) -India’s GlaxoSmithKline Pharmaceuticals reported slightly higher second-quarter profit on Thursday, led by steady demand for its specialty medicine portfolio. The Indian unit of British drugmaker GSK reported consolidated profit of 2.57 billion rupees ($29 million) in the quarter ended September 30, up 2% from last year. Its revenue from operations decreased 3% to 9.8 …

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India’s Crompton Greaves quarterly profit falls as cooler weather crimps demand for fans

6 Nov 2025

(Reuters) -India’s Crompton Greaves Consumer Electricals reported a 43% slump in second-quarter profit on Thursday, as above-normal rainfall reduced demand for cooling products. The Mumbai-based company’s consolidated net profit fell to 711.7 million rupees ($8.10 million) in the quarter, compared to last year’s profit of 1.25 billion rupees. Revenue climbed 1% to 19.16 billion rupees …

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