Reuters India Business

(Reuters) -An Indian appeals tribunal on Tuesday set aside an antitrust watchdog’s five-year ban on Meta-owned WhatsApp sharing user data with other Meta entities for advertising, but upheld a fine, marking a partial win for the U.S. tech major. WhatsApp had challenged the Competition Commission of India’s November 2024 ban on data sharing between WhatsApp …

India tribunal lifts WhatsApp data-sharing ban, upholds Meta fine Read More »

By Nishit Navin and Ashwin Manikandan (Reuters) -State Bank of India is raising its loan growth target for the ongoing fiscal, boosted by the central bank’s recent credit reforms and the government’s slashing of consumption taxes, chairman Challa Sreenivasulu Setty said on Tuesday. “(RBI’s measures) are definitely credit accretive…We are revising our (loan growth) guidance …

India’s SBI raises loan growth outlook to 12-14% for FY26 on cenbank reforms, tax cuts Read More »

(Reuters) -Indian budget carrier IndiGo posted a wider second-quarter loss on Tuesday, hurt by a jump in foreign exchange costs. Standalone quarterly loss widened to 26.14 billion rupees ($297.40 million) from 9.89 billion rupees a year ago. IndiGo’s total expenses jumped 18.5% in the second quarter, with forex costs surging to 29.05 billion rupees and …

Indian budget airline IndiGo posts wider loss on higher forex costs Read More »

(Corrects third paragraph to clarify two projects, not all 53, have received final investment decisions) NEW DELHI (Reuters) -India’s push to lead the clean industrial transition among emerging economies is facing significant hurdles, despite having one of the largest project pipelines, a new report by the clean‑industry alliance Mission Possible Partnership shows. India has 53 …

India’s clean‑industry pipeline hampered by financing, regulatory delays, report says Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks slipped on Tuesday as profit booking led by IT stocks outweighed earnings-driven gains in Bharti Airtel and Titan Company. The Nifty 50 eased 0.64% to 25,597.65, while the BSE Sensex fell 0.62% to 83,459.15. Fifteen of the 16 major sectors logged losses. The broader …

Indian shares drop as broader profit booking dampens earnings optimism Read More »

(Reuters) -Adani Enterprises reported a drop in second-quarter adjusted profit on Tuesday as weakness in its core coal trading business offset gains in renewable energy, even as its board approved a 250 billion rupee ($2.8 billion) rights issue. Profit before exceptional items and tax at the flagship firm of India’s Adani Group dropped to 8.14 …

India’s Adani Enterprises posts second-quarter profit drop on coal trading weakness Read More »

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee closed stronger on Tuesday, hoisted by likely market intervention by the Reserve Bank of India even as routine dollar bids from importers and foreign banks kept a lid on the currency’s gains. The rupee closed at 88.6550 against the U.S. dollar, up 0.1% on the day, after …

Rupee ends higher; importer dollar bids erode intervention-led rebound Read More »

(Reuters) -India’s Adani Ports and Special Economic Zone on Tuesday forecast revenue from its logistics segment to grow multi-fold by fiscal year 2029, as it expands into allied services to hedge against potential global economic risks. The Ahmedabad-based company is expanding into allied port-feeder services, such as logistics and warehousing, as part of its efforts …

Adani Ports sees logistics revenue jump on rising shipping volumes Read More »