Reuters India Business

India’s LT Foods profit rises on strong domestic demand, lower crop prices

30 Oct 2025

(Reuters) -India’s LT Foods, which sells the ‘Daawat’ and ‘Royal’ brands of basmati rice, posted a rise in profit for the third-straight quarter, helped by strong domestic demand and lower crop prices. The company said its consolidated net profit rose 10.4% over the year earlier to 1.64 billion rupees ($18.7 million) during the quarter ended …

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Google to offer free Gemini AI access to India’s 505 million Reliance Jio users

30 Oct 2025

By Munsif Vengattil and Aleef Jahan C S (Reuters) -Google will offer 18-month free access to its Gemini AI service for all 505 million telecom users of India’s Reliance Jio, a tie-up that follows similar freebies from rivals including OpenAI to boost adoption in the world’s most populous nation. The move also comes weeks after …

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Indian adhesives maker Pidilite’s quarterly profit grows on strong demand

30 Oct 2025

(Reuters) -India’s Pidilite Industries reported an 8.4% year-on-year jump in second-quarter profit on Thursday on the back of healthy demand for its adhesives and sealants. The company’s consolidated net profit rose for the seventh consecutive quarter to 5.79 billion rupees ($65.87 million) in July-September from 5.35 billion rupees a year ago. Analysts had said there …

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India’s ITC tops profit estimates driven by cigarettes, packed foods growth

30 Oct 2025

(Reuters) -Indian consumer goods major ITC reported stronger-than-expected second-quarter profit on Thursday, propelled by solid growth in its cigarettes and packed goods businesses. ITC’s earnings were lifted by its cigarettes business, with steady demand and pricing underpinning growth. Its broader FMCG portfolio — from snacks and biscuits to personal care — benefited from wider distribution …

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Quick commerce helps India’s Swiggy narrow quarterly loss, improve margins Q/Q

30 Oct 2025

By Ananta Agarwal (Reuters) -Indian food and grocery delivery platform Swiggy on Thursday reported a narrower second-quarter loss and improved margins on a sequential basis, as strong growth in its quick commerce arm partly offset the still-high investments in the business. The company’s consolidated loss came in at 10.92 billion rupees ($124.24 million) in the …

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India markets regulator allows Nifty Bank to be restructured by March 2026

30 Oct 2025

(Reuters) -India markets regulator said on Thursday indexes of banking stocks linked to derivatives contracts – NSE’s Nifty Bank, BSE’s Bankex and NSE’s Nifty Financial Services – will be restructured in a phased manner. The SEBI circular noted the Bankex and Nifty Financial Services indexes will become more broadbased by December, and Nifty Bank by …

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US grants India six-month sanctions waiver to run Iran’s Chabahar port, New Delhi says

30 Oct 2025

By Shivam Patel NEW DELHI (Reuters) -The U.S. has granted India a six-month sanctions waiver to operate the Iranian port of Chabahar, India said on Thursday, boosting New Delhi’s effort to enhance trade with Afghanistan and Central Asian countries bypassing its rival Pakistan. India signed a 10-year contract with Iran last year to develop and …

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Ship carrying Russian naphtha to India in limbo after US sanctions

30 Oct 2025

MOSCOW/NEW DELHI (Reuters) -A ship carrying Russian naphtha has been stuck off India’s western coast, unable to unload, since October 26 after U.S. sanctions on two key suppliers disrupted Indian oil and fuel imports, traders said and shipping data confirmed. Following new Ukraine-related U.S. sanctions on Russia last week, Indian refiners said they were ready …

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