Reuters India Business

India’s Bajaj Housing posts slowest profit growth since listing

6 Nov 2025

(Reuters) -India’s Bajaj Housing Finance reported on Thursday its slowest quarterly profit growth since listing in September 2024, as heightened competition in the premium housing loan segment weighed on earnings.       The country’s biggest home loan financier by market value reported an 18% rise in second-quarter profit to 6.43 billion rupees for the three months ended …

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Indian infra firm NCC’s profit slides on weak project execution

6 Nov 2025

(Reuters) -Indian construction company NCC reported a 5% second-quarter profit drop on Thursday, hurt by slower project execution amid monsoon rains. Consolidated net profit fell to 1.55 billion rupees ($17.63 million) in the quarter ended September 30, from 1.63 billion rupees a year earlier. Revenue slid to 45.43 billion rupees, from 51.96 billion rupees a …

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KFC’s India operator Devyani posts quarterly loss as demand stays muted

6 Nov 2025

By Ananta Agarwal (Reuters) -Devyani International, which operates KFC and Pizza Hut restaurants in India, reported a quarterly loss on Thursday, as demand across its portfolio remained under pressure. The company, which is one of Yum Brands two franchisees in India, said that Yum’s strategic review of its struggling Pizza Hut chain will not affect …

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India plans to retain cap on voting rights for large shareholders in banks, sources say

6 Nov 2025

By Nikunj Ohri NEW DELHI (Reuters) -India plans to retain a cap on voting rights for large shareholders in domestic banks, two sources said, signalling that New Delhi’s attempts to liberalise the financial sector and draw more foreign investment will remain limited in scope. Reserve Bank of India (RBI), the country’s banking regulator, has initiated …

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Indian stock benchmarks consolidate lower; Reliance offsets some losses

6 Nov 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian equity benchmarks inched lower on Thursday as a lack of major triggers kept the market in consolidation mode, while gains for Reliance Industries partially offset broader market losses. The Nifty 50 fell 0.34% to 25,509.7 and the BSE Sensex closed 0.18% lower at 83,311.01. Fourteen of …

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Rupee sidesteps gains in Asian peers as deprecation bias lingers

6 Nov 2025

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee closed little changed on Thursday, wedged between persistent dollar demand from importers and positive cues from gains in Asian peers as appetite for riskier assets recovered. The rupee closed at 88.6125 against the U.S. dollar, nearly flat from its close of 88.6550 in the previous session. Asian …

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India needs to double sugar exports as surplus rises on lower ethanol output

6 Nov 2025

By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) -India needs to double its sugar export allocation to 2 million metric tons in the new season, as lower diversion of sugar for ethanol production is expected to leave a larger domestic surplus, industry officials said on Thursday. Higher exports from the world’s second-largest sugar producer …

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Indian IT firm Mphasis counts on banks to power revenue growth, CEO says

6 Nov 2025

By Haripriya Suresh BENGALURU (Reuters) -Blackstone-backed Indian IT services firm Mphasis expects its key financial segment to drive sales in the six months through March end, its CEO said, with revenue projected to grow at more than twice the industry’s pace. Revenue growth for India’s $283-billion IT sector has been muted over the past two …

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India’s Grasim falls most in over 3 years as paints chief exit stokes growth worries

6 Nov 2025

(Reuters) -Indian textiles-to-chemicals firm Grasim Industries’ stock fell as much as 6.5% on Thursday – its steepest in more than three years – as the exit of its paints segment’s chief stoked investor concerns about the business’ growth path. Rakshit Hargave, who was at the Aditya Birla Group firm for four years, said on Wednesday …

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Reliance offers oil after buying at least 12 million barrels to replace Russian supply, sources say

6 Nov 2025

By Nidhi Verma, Florence Tan and Robert Harvey NEW DELHI/SINGAPORE (Reuters) -India’s Reliance is attempting to re-sell some Middle Eastern crude it snapped up last month to replace Russian oil because of Western sanctions, trade sources said. The refiner halted purchases from Moscow last month after supplier Rosneft was sanctioned by the United States and …

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