Reuters India Business

Favorable rate outlook, FX stewardship spur record high foreign ownership of India bonds

28 Oct 2025

By Dharamraj Dhutia MUMBAI (Reuters) -Foreign ownership of Indian government bonds touched a record high, with investors prizing their diversification value and potential for gains with more rate cuts, even as the central bank protects the rupee. Foreign investors held 3.11 trillion rupees ($35.35 billion) of government bonds under the Fully Accessible Route (FAR) as …

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Delhi turns to cloud seeding to spur rain, curb pollution

28 Oct 2025

By Sakshi Dayal NEW DELHI (Reuters) -Authorities in the Indian capital territory of Delhi began seeding clouds on Tuesday to induce artificial rain and bring down pollution levels in the city that has been battling poor air for days, Environment Minister Manjinder Singh Sirsa said. The method seeks to increase precipitation by adding small chemical …

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Tata’s charity arm ousts key member Mistry from board, source says

28 Oct 2025

NEW DELHI (Reuters) -Tata Group’s charity arm Tata Trusts has voted to oust businessman Mehli Mistry from its board, a person with direct knowledge of the matter said, the latest instance of boardroom friction at the philanthropic unit that controls a $180 billion empire. Tata Trusts own 66% in Tata Sons, which in turn oversees …

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India’s September industrial output rises 4% y/y

28 Oct 2025

NEW DELHI (Reuters) -India’s industrial output rose 4% year-on-year in September, driven by growth in manufacturing, government data showed on Tuesday. Economists polled by Reuters projected a growth of 3%. The industrial output rose by a revised 4.1% year-on-year in August. KEY NUMBERS * Manufacturing output was up 4.8% year-on-year in September as compared to …

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India’s Tata Capital posts quarterly profit rise in first earnings since listing

28 Oct 2025

(Reuters) -India’s Tata Capital reported a rise in second-quarter profit on Tuesday, in its first earnings since going public, led by steady loan growth. The non-bank lender’s consolidated profit rose to 10.97 billion rupees ($124.8 million), from 10.76 billion rupees a year earlier. Credit demand in India recovered during the July–to-September quarter following several quarters …

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Many Indian refiners pause new Russian oil orders, await clarity

28 Oct 2025

By Nidhi Verma HYDERABAD, India (Reuters) -Many Indian refiners have paused new orders for Russian oil since U.S. sanctions last week on Moscow’s top two crude exporters as they await clarity from the government and suppliers, with some turning to the spot market for alternatives, industry sources said. However, state-run Indian Oil said on Tuesday …

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Indian equity benchmarks slip as financials, IT stocks lead profit booking

28 Oct 2025

By Vivek Kumar M (Reuters) -India’s equity benchmarks inched lower on Tuesday as investors booked some profits after a recent market rally, outweighing gains in metals on optimism over U.S.-China trade talks. The Nifty 50 index fell 0.11% to 25,936.20, while the BSE Sensex index lost 0.18% to 84,628.16. This was only their second session …

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Rupee ends nearly flat as central bank intervention blunts pressure

28 Oct 2025

By Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee closed little changed on Tuesday as lingering pressure on the currency was blunted by likely central bank intervention across the local spot and non-deliverable forward market, traders said. Worries about limited progress in U.S.-India trade negotiations have been a drag for the rupee since steep tariffs went …

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Indian Oil Corp will not completely avoid Russian crude purchases, exec says

28 Oct 2025

NEW DELHI (Reuters) -Indian Oil Corp, the country’s top refiner, will not completely discontinue buying Russian crude, a top company executive said on Tuesday. “We are absolutely not going to discontinue (buying Russian crude) as long as we are complying with the sanctions. Russian crude is not sanctioned. It is the entities and the shipping …

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India’s HPCL issues fuel import tenders after disruptions at Mumbai refinery, sources say

28 Oct 2025

NEW DELHI/HYDERABAD (Reuters) -India’s Hindustan Petroleum issued two rare tenders to import transport fuels for early November delivery, two sources familiar with the matter said on Tuesday, after the company shut one of its processing units due to feedstock contamination. Chairman Vikas Kaushal said on Tuesday HPCL had closed its gasoline-producing continuous catalytic reformer during …

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