Reuters India Business Archives - Page 75 of 1191

India markets regulator proposes measures to simplify mutual fund fee structures

28 Oct 2025 28 Oct 2025

By Jayshree P Upadhyay (Reuters) -India’s markets regulator has proposed changes to mutual fund fee structures as it sought a more transparent break-up of costs that investors are charged, according a consultation paper published on its website on Tuesday. Investors are charged a fee called expense ratio to pay for the mutual fund’s operating expenses, …

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Gold hits three-week low amid US-China trade progress

28 Oct 2025 28 Oct 2025

By Anjana Anil and Pablo Sinha (Reuters) -Gold slipped to a three-week low on Tuesday as hopes for progress in U.S.–China trade talks dimmed its safe-haven allure, while investors’ focus tipped over to the Federal Reserve’s interest rate decision this week. Spot gold was down 0.4% at $3,964.35 per ounce as of 1:45 p.m. EDT …

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India’s power regulator orders probe into trading platform over alleged insider trading

28 Oct 2025 28 Oct 2025

(Reuters) -India’s federal power regulator on Tuesday ordered an investigation into over-the-counter (OTC) electricity trading platform GNA Energy for alleged involvement in insider trading and market manipulation linked to a key regulatory order on market coupling. India’s market regulator Securities and Exchange Board of India (SEBI) issued an order late on Oct. 15 against two …

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India’s Adani Total Gas reports lower profit as pricey imports lift costs

28 Oct 2025 28 Oct 2025

(Reuters) -India’s Adani Total Gas reported a decline in second-quarter profit on Tuesday, as elevated costs from pricier gas imports weighed on earnings after the government cut cheaper supply. The city gas distributor, a joint venture between Adani Group and French energy major TotalEnergies, said its consolidated net profit fell 12% to 1.63 billion rupees …

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India’s Blue Dart posts rise in quarterly profit on festive-season delivery demand

28 Oct 2025 28 Oct 2025

(Reuters) -Indian logistics firm Blue Dart Express reported a 29.5% rise in second-quarter profit on Tuesday, aided by increasing demand for delivery services in the run-up to the festive season. The company posted a consolidated net profit of 813.8 million rupees ($9.26 million), up from 628.4 million rupees last year. Its revenue from operations rose 7% …

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OpenAI to offer ChatGPT Go free for a year in India

28 Oct 2025 28 Oct 2025

(Reuters) -OpenAI will offer its ChatGPT Go subscription free to users in India for one year starting November 4, the Microsoft- backed startup said on Tuesday, as it seeks to boost adoption in its second-largest market. The plan, which was first launched in India in August, is OpenAI’s most affordable offering and is currently priced …

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India’s Shree Cement tops revenue view on firm prices, volume jump

28 Oct 2025 28 Oct 2025

(Reuters) -India’s Shree Cement reported a 15% rise in quarterly revenue on Tuesday, beating expectations in a seasonally weak quarter, due to higher prices and better-than-expected volume growth. The company’s revenue from operations rose to 43.03 billion rupees ($489.6 million) in the July-September period, surpassing analysts’ average expectation of 42.23 billion rupees, per data compiled …

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India’s Adani Green Energy posts higher quarterly profit on strong power sales

28 Oct 2025 28 Oct 2025

(Reuters) -India’s Adani Green Energy reported a 25% increase in second-quarter profit on Tuesday, helped by robust power sales and higher capacity utilization. The company, which is seen as a bellwether for the renewable energy sector, has capitalized on India’s aggressive drive to expand clean power capacity to meet its climate goals and a target …

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BPCL, Oil India to build $11 billion refinery, petchem complex in southern state

28 Oct 2025 28 Oct 2025

HYDERABAD (Reuters) -Indian state-run firm Bharat Petroleum Corp and explorer Oil India will jointly build a 1-trillion-rupee ($11.38 billion) refinery and petrochemical complex in southern India, marking a strategic shift for the driller as it expands beyond upstream operations. Oil India is considering taking a 10%-20% stake in the planned refinery in Andhra Pradesh state, …

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India’s TVS Motor profit jumps on exports, tax-cut fueled demand

28 Oct 2025 28 Oct 2025

(Reuters) -Indian automaker TVS Motor Company posted a 37% jump in second quarter profit on Tuesday, as festive season demand after a steep tax cut and an export spike boosted revenue. The Jupiter scooter maker reported a smaller-than-expected quarterly profit of 9.06 billion rupees ($103.08 million) in the July-to-September quarter, missing analysts’ estimate of 9.24 …

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