Reuters India Business

India’s MRPL pauses Russian oil buying to avoid sanctions risks, executive says

29 Oct 2025

By Nidhi Verma HYDERABAD, India (Reuters) -India’s state-run refiner Mangalore Refinery and Petrochemicals Ltd has no immediate plans to buy Russian oil due to risks involved after the latest U.S. sanctions on Moscow’s top oil producers, a company executive told reporters on Wednesday. U.S. President Donald Trump last week imposed sanctions on Rosneft and Lukoil, …

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India’s SP Group unit plans $2.5 billion debt sale in early 2026, bankers say

29 Oct 2025

By Dharamraj Dhutia MUMBAI (Reuters) -India’s Goswami Infratech, a unit of Shapoorji Pallonji Group, is set to outsize its previous corporate bond sale with a shorter-duration issue of about $2.5 billion in early 2026, three bankers aware of the matter said on Wednesday. The real estate firm aims to raise as much as 220 billion …

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India’s Radico Khaitan reports sharp rise in second quarter profit as affordable liqor demand surges

29 Oct 2025

(Reuters) -India’s Radico Khaitan reported a 73% jump in second-quarter profit on Wednesday, helped by a sharp uptick in demand for liquor housed in the affordable ‘regular’ segment. The company reported consolidated net profit of 1.4 billion Indian rupees ($15.93 million) for the three months ended September 30, compare to 806.6 million rupees a year …

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KKR-backed Vertis hires three banks for India IPO, to seek approval by December, sources say

29 Oct 2025

By Vibhuti Sharma and Aditya Kalra MUMBAI (Reuters) -KKR-backed Vertis Infrastructure Trust in India has selected Axis Capital and two other investment banks to manage its up to $568 million Indian initial public offering, investment banking sources said. They said the company planned to seek regulatory approval for the offering before December. A planned IPO …

KKR-backed Vertis hires three banks for India IPO, to seek approval by December, sources say Read More »

Exchange rate is not a policy tool to fight tariffs, India central bank deputy governor says

29 Oct 2025

MUMBAI (Reuters) -The Indian rupee’s exchange rate is not a policy tool to fight trade tariffs, a senior Indian central bank official said on Wednesday. The exchange rate does not serve as a policy tool in a market where its level is determined by market forces, Reserve Bank of India Deputy Governor Poonam Gupta said …

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Indian airline IndiGo not ruling out intermediate solutions before Airbus wide-body jets arrive, CEO says

29 Oct 2025

(Reuters) -Indian carrier IndiGo has not ruled out more interim solutions to increase its long-haul capacity before the wide-body jets it has ordered from Airbus arrive in 2027, Chief Executive Pieter Elbers said on Wednesday. Elbers, when asked about grounded planes due to Pratt & Whitney engine issues, said it is a sad reality, without …

Indian airline IndiGo not ruling out intermediate solutions before Airbus wide-body jets arrive, CEO says Read More »

India’s Goldi Solar secures $171 million in Havells-led funding round

29 Oct 2025

NEW DELHI (Reuters) -Goldi Solar, one of India’s largest solar module makers, has raised 14.22 billion rupees ($171 million) in growth capital led by electrical equipment major Havells India, the company said on Wednesday. The funding round also drew investments from high-net-worth individuals and firms, including Ambit Global Private Client, Nikhil Kamath, founder of discounted …

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Indian asset managers fall on potential profit hit from regulator’s fee structure changes

29 Oct 2025

(Reuters) -Shares of Indian asset managers fell as much as 8% on Wednesday, with analysts warning of a potential hit to profitability after the markets regulator proposed lowering the cap on brokerage fees, among other changes, seeking transparency in costs. Motilal Oswal Financial Services led losses among pack with a 8% decline. Nippon Asset Management, …

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India, EU need more talks on steel, autos, carbon levy for trade deal

29 Oct 2025

By Manoj Kumar NEW DELHI (Reuters) -India and the European Union agreed that issues related to steel, automobiles, carbon levies and other EU regulations require further discussions due to higher sensitivities, New Delhi said in a statement on Wednesday. India’s Commerce and Industry Minister Piyush Goyal held talks with the European Commissioner for Trade and …

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