Reuters India Business

BENGALURU (Reuters) -Shares of BSE sank 19% on Monday and were set for their worst day ever, after India’s markets regulator sought a higher regulatory fee structure for options contracts, which, analysts said, could eat into the exchange operator’s profits. BSE’s stock trimmed some losses to trade down 12.5%, but was still the top loser …

India’s BSE set for worst day ever as markets regulator seeks higher fee structure Read More »

(Reuters) – Shares of India’s Apollo Hospitals Enterprise fell as much as 8.4% on Monday, after the hospital chain sold a stake in its digital unit in a deal that brokerages said undervalued the subsidiary. The stock trimmed some losses and was last down 4.5%, set for its worst day since June 2, 2022. The …

India’s Apollo Hospitals stock slides as unit’s valuation underwhelms Read More »

BENGALURU (Reuters) – HCLTech shares plummeted as much as 6.3% on Monday, its biggest fall in nearly 17 months, as India’s No.3 software services company forecast fiscal 2025 revenue growth below estimates. The stock trimmed some losses to trade 5.62% lower at 1.392.05 rupees as of 12.06 p.m. IST, and was the biggest loser on …

HCLTech falls most in nearly 17 months on lower-than-expected FY25 outlook Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Monday, as post-results gains in ICICI Bank and SBI Life Insurance lifted heavyweight financials. The NSE Nifty 50 was up 0.53% at 22,538.95 as of 10:34 a.m. IST, while the S&P BSE Sensex added 0.77% to rise to 74,296.70. Financial services, the heaviest-weighted segment in the …

Indian shares led higher by ICICI Bank, SBI Life Read More »

NEW DELHI (Reuters) – An equal joint venture between India’s Adani Enterprises and private data centre operator EdgeConneX said on Sunday it has secured financing from lenders of up to $1.44 billion to build data centres. AdaniConneX, the joint venture, last year raised $213 million to fund data centres under construction. (Reporting by Mayank Bhardwaj;Editing …

India’s Adani JV secures financing of up to $1.4 billion to build data centres Read More »

By Nidhi Verma, Gleb Stolyarov and Jonathan Saul NEW DELHI/MOSCOW/ LONDON (Reuters) -A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot (SCF) discharged fuel oil at a western Indian port on Friday, two sources familiar with the matter said, indicating a resumption in the use of SCF vessels to supply Moscow’s key market after a …

India receives oil cargo in Russian SCF tanker after brief halt, sources say Read More »

By Siddhi Nayak MUMBAI (Reuters) -ICICI Bank, India’s second-largest private lender, reported a better-than-expected 17.4% increase in fourth-quarter net profit on Saturday, helped by robust loan growth even as its lending margin shrunk. The lender’s standalone net profit, excluding subsidiaries, rose to a record 107.08 billion rupees ($1.28 billion) in the January-March quarter from 91.22 …

ICICI Bank beats Q4 profit estimates on strong loan growth, but margin shrinks Read More »