Reuters India Business

(Reuters) -India’s Ola Electric on Thursday cut its overall revenue target but maintained its margin forecast for the core automotive business as the electric two-wheeler maker shifts focus to profitability over volumes. Ola reaffirmed its fiscal year 2026 auto gross margin target of 40%, but lowered the revenue forecast to 30 billion rupees–32 billion rupees …

India’s Ola Electric cuts FY26 revenue forecast, keeps auto margin target; shares fall 5% Read More »

(Corrects market capitalisation size requirement in paragraph 12 to $505 million from $404 million) By Vivek Kumar M and Bharath Rajeswaran (Reuters) -MSCI will add four India-listed companies, including Fortis Healthcare and fintech firm Paytm, to Global Standard Indexes as part of its quarterly review effective November 24, the index provider said late Wednesday. The …

MSCI to add Paytm, 3 other Indian stocks to flagship global index Read More »

(Reuters) -India’s Mahindra & Mahindra sold its entire 3.5% stake in RBL Bank for 6.78 billion rupees ($77.1 million), the automaker said on Thursday, marking a 62.5% return on its 2023 investment. At the time of the acquisition, CEO Anish Shah said the move was aimed at gaining deeper insights into the banking sector over …

India’s Mahindra & Mahindra exits RBL Bank with $77 million stake sale Read More »

(Reuters) -Indian education technology platform PhysicsWallah set a price band of 103-109 rupees per share for its initial public offering, targeting a valuation of 280.73 billion rupees ($3.19 billion) at the upper end, according to Reuters calculations. PhysicsWallah, whose backers include WestBridge and Hornbill Capital, will launch its IPO for a three-day bidding for retail …

Indian ed-tech platform PhysicsWallah sets IPO price band, eyes $3.19 billion valuation Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes gained on Wednesday as corporate earnings and U.S. private payrolls data were stronger than expected, while Treasury yields surged following the day’s economic data. U.S. private payrolls increased by 42,000 jobs in October, exceeding expectations of a 28,000 gain, according to a Reuters poll of economists. However, …

Stocks climb after upbeat earnings, economic data; Treasury yields jump Read More »

By Noel John (Reuters) -Gold prices rose over 1% on Wednesday as investors avoided riskier assets despite stronger-than-expected private U.S. payrolls data. Spot gold was up 1.3% at $3,983.89 per ounce as of 2:30 p.m. ET (1930 GMT). U.S. gold futures for December delivery rose 0.8% to settle at $3,992.90 per ounce.      “Gold and silver …

Gold gains on risk aversion despite strong US payrolls data Read More »

(Reuters) -Indian biscuit maker Britannia Industries reported a 23% rise in second-quarter profit and named former Birla Opus chief Rakshit Hargave as its CEO on Wednesday. The news come as consumer goods makers in India are navigating a period of tax rate cuts and shifting demand trends, adding pressure to protect margins and sustain growth. …

India’s Britannia names CEO, reports higher second-quarter profit Read More »