Reuters India Business

By Jayshree P Upadhyay MUMBAI (Reuters) -India’s market regulator on Thursday warned of rising risks from a surge in derivative trading volumes, with small investors jumping in to trade risky options contracts. A booming Indian stock market has drawn retail investors to the riskiest corners of the market and their share of derivative trading volumes …

India’s market regulator warns of rising risks from derivative trading frenzy Read More »

By Rishika Sadam BENGALURU (Reuters) – More than 36% of the 400 drug manufacturing units inspected since last year in India were ordered to be shut, the country’s drug regulator said on Thursday, after deaths linked to sub-standard cough syrups prompted an increase in scrutiny. The country, regarded as the world’s pharmacy given the volume …

Indian regulator says 36% of inspected drug-making units had to be shut Read More »

By Kashish Tandon BENGALURU (Reuters) – Indian whisky maker Allied Blenders and Distillers’ $180-million IPO was oversubscribed on Thursday but fell short of the blowout demand for recent issues amid concerns about its growth prospects in an increasingly competitive liquor market. The IPO, the first by an alcohol company since Sula Vineyards’ in 2022, received …

Indian whisky maker Allied Blenders’s IPO attracts bids worth $3 billion Read More »

NEW DELHI (Reuters) – Indian Oil aims to increase its liquified natural gas portfolio to 20 million tonnes per year (MTPA) by 2030, from 7.8 MTPA currently, Sujoy Choudhury, head of planning and business development at the company, said at an industry event on Thursday. The power sector is expected to be one of the …

Indian Oil to boost LNG portfolio to 20 million tonnes by 2030, exec says Read More »

By Hritam Mukherjee BENGALURU (Reuters) -UltraTech Cement said on Thursday it will buy a 23% stake in rival India Cements for up to 18.85 billion rupees ($226 million), heating up a battle with the Adani group which is challenging its position as India’s top cement maker. Aditya Birla group-owned UltraTech had dominated the cement market …

UltraTech to buy $226 million stake in India Cements as Adani challenge mounts Read More »

NEW DELHI (Reuters) – India’s state-run Bharat Petroleum Corp does not see any major change in its annual crude processing this fiscal year, as it plans to shut a crude unit at its biggest refinery for a month for maintenance, an executive said on Thursday. BPCL, the country’s third-largest oil refiner, plans to shut its …

India’s BPCL sees nearly flat annual crude processing, executive says Read More »