Reuters India Business

India’s Bajaj Electricals posts lower quarterly profit on JV losses, tax expense

31 Oct 2025

(Reuters) -Indian appliances maker Bajaj Electricals reported a dip in second-quarter profit on Friday as losses from a joint venture and higher tax expenses weighed, while demand for its mainstay cooling products also faltered. The Bajaj Group firm’s consolidated net profit declined about 24% to 98.6 million rupees ($1.12 million) in the quarter ended September …

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India’s ACC profit jumps on cement price rebound, volumes beat; shares up

31 Oct 2025

(Corrects to add dropped word ‘volume’ in paragraph 3) (Reuters) -Indian cement producer ACC reported a second-quarter profit jump on Friday, as prices rebounded on-year and volumes came in higher than expected in a seasonally weak period. Pre-tax profit was 7.57 billion rupees ($86.1 million) for July-September, more than double from last year. The company …

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Ford to make new engines in India with $370 million investment

31 Oct 2025

(Reuters) -Ford is planning to invest about $370 million in India to make new engines that will be exported, the U.S.-based carmaker said on Friday. Ford stopped making cars in India in 2021 and had last year signaled interest in restarting manufacturing in the country. The company said its Chennai manufacturing site in the southern …

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Adani Power emerges as lowest bidder for 3.2 GW coal tender in India’s Assam state

31 Oct 2025

By Sethuraman N R (Reuters) -India’s Adani Power has emerged as the lowest bidder for a 3.2 gigawatt (GW) coal power supply tender floated by the northeastern state of Assam, the company said during a post-earnings call. The bid has received regulatory approval from the state electricity commission, and Adani Power expects formal communication of …

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Indian markets regulator panel to submit conflict of interest report by November 10, chief says

31 Oct 2025

By Jayshree P Upadhyay MUMBAI (Reuters) -A panel set up by India’s markets regulator to address concerns over conflicts of interest tied to its chairman and senior officials will submit a report by November 10, Chairman Tuhin Kanta Pandey said at a business summit on Friday. Last month, Reuters reported that an external panel to preempt …

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India flips to discount after festivals; premiums rise elsewhere as prices ease

31 Oct 2025

By Rajendra Jadhav and Brijesh Patel (Reuters) -Gold was sold at a discount this week in India for the first time in seven weeks, as demand slowed after key festivals, while premiums ticked higher in other top Asian hubs following a pullback in global rates that lifted activity. Indian dealers offered a discount of up …

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Air India seeks $1.14 billion lifeline from SIA and Tata, Bloomberg News reports

31 Oct 2025

(Reuters) -Air India is seeking at least 100 billion rupees ($1.14 billion) in financial support from owners Singapore Airlines and Tata Sons, Bloomberg News reported on Thursday, citing people familiar with the matter. The development follows a deadly Air India crash in June that killed more than 240 passengers, plunging the carrier into its worst …

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Indian Oil buys Russian crude from non-sanctioned entities, sources say

31 Oct 2025

By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE (Reuters) -Indian Oil Corp, the country’s top refiner, has bought five cargoes of Russian oil for December arrival from non-sanctioned entities, traders said, resuming purchases despite pressure from Washington on India to stop buying Russian oil. Washington last week imposed sanctions on Rosneft and Lukoil, Russia’s two …

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India regulator bars Gretex from merchant banking for 21 days over IPO lapse

30 Oct 2025

(Reuters) -India’s markets regulator on Thursday barred Gretex Corporate Services Ltd from taking on new merchant banking assignments for 21 days with immediate effect, citing lapses in due diligence during the public listing of small firm Jayant Infratech Ltd. The Securities and Exchange Board of India (SEBI) said Gretex failed to verify and disclose that …

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