Reuters India Business

India’s PNB Housing Finance posts quarterly profit rise on affordable housing boost

27 Oct 2025

(Reuters) -India’s PNB Housing Finance posted a 24% rise in second-quarter profit on Monday, on the back of strong demand for loans in the affordable housing category. The non-banking finance company’s consolidated net profit rose to 5.82 billion rupees ($66 million) in the three months ended September 30 from 4.70 billion rupees a year earlier. …

India’s PNB Housing Finance posts quarterly profit rise on affordable housing boost Read More »

Bata India posts third straight drop in profit on tepid demand, one-time charge

27 Oct 2025

(Reuters) -Bata India posted its third straight decline in quarterly profit on Monday, hurt by customers postponing purchases in anticipation of the government’s tax cuts and a one-time expense related to a voluntary retirement scheme at one of its factories.   The footwear retailer reported a 73.3% drop in second-quarter profit, but said it is …

Bata India posts third straight drop in profit on tepid demand, one-time charge Read More »

India approves $626 million in projects to boost electronics components manufacturing

27 Oct 2025

(Reuters) -The Indian government has approved the first batch of seven projects worth over 55 billion rupees ($625.75 million) to boost domestic manufacturing of electronics components. The approval includes four projects by Kaynes Circuits India, covering multi-layer and high-density printed circuit boards (PCBs), camera modules and laminates, along with projects by SRF, Syrma Strategic Electronics, …

India approves $626 million in projects to boost electronics components manufacturing Read More »

Earnings recovery in sight for Indian automakers after five quarters of sluggish growth

27 Oct 2025

(Reuters) -Indian automakers are likely to see double-digit profit growth in the September quarter, according to brokerages, driven mostly by demand for two-wheelers and tractors, with improvement in the passenger vehicle segment set to reflect in December. Auto companies’ sales volumes and profitability have taken a hit, with firms posting single-digit profit growth in the …

Earnings recovery in sight for Indian automakers after five quarters of sluggish growth Read More »

India’s Mahindra Logistics posts narrower quarterly loss as festive spending drives demand

27 Oct 2025

(Reuters) -India’s Mahindra Logistics reported a narrower second-quarter loss on Monday, as increased customer spending ahead of the festive period boosted logistics demand.  The Mumbai-based company’s consolidated net loss shrank to 103.5 million rupees ($1.18 million) during the July-September period, from 107.5 million rupees a year ago.  Revenue rose nearly 11% to 16.85 billion rupees.  …

India’s Mahindra Logistics posts narrower quarterly loss as festive spending drives demand Read More »

India markets regulator puts Vedanta Group’s Sterlite Electric public listing on hold

27 Oct 2025

(Reuters) -India’s markets regulator has put Sterlite Electric’s, the initial public offering (IPO) on hold, according to an update on the regulator’s website on Monday. The company, part of mining and metals conglomerate Vedanta Group, filed draft papers for the IPO in early October. The offering included a fresh issue of 7.8 million shares, along …

India markets regulator puts Vedanta Group’s Sterlite Electric public listing on hold Read More »

India’s JK Tyre marks turnaround with first profit rise in five quarters on auto demand

27 Oct 2025

-India’s JK Tyre & Industries Ltd on Monday reported its first profit increase in five quarters, driven by a rise in vehicle sales after a consumption tax cut boosted festive-season demand. The company’s consolidated net profit rose to 2.21 billion rupees ($25.14 million), from 1.35 billion rupees a year ago. Revenue for the quarter ended …

India’s JK Tyre marks turnaround with first profit rise in five quarters on auto demand Read More »

India’s Lenskart eyes up to $8 billion IPO valuation, aims to be ‘Amazon of eyewear’

27 Oct 2025

By Haripriya Suresh Reuters) -India’s largest eyewear retailer Lenskart aims to become the “Amazon of eyewear” as it bets on growing demand for prescription glasses across India and Southeast Asia, its CEO said ahead of a market debut in November. Lenskart is seeking a valuation of up to 695 billion rupees ($7.9 billion), according to …

India’s Lenskart eyes up to $8 billion IPO valuation, aims to be ‘Amazon of eyewear’ Read More »

Indian Oil’s quarterly profit soars on higher refining margins

27 Oct 2025

(Reuters) -Indian Oil Corp, the country’s top refiner, reported a multi-fold jump in second-quarter profit on Monday, boosted by stronger refining margins due to a decline in international crude oil prices. The state-owned firm’s standalone net profit rose to 76.10 billion rupees ($865.8 million) for the quarter ended September 30, from 1.80 billion rupees a …

Indian Oil’s quarterly profit soars on higher refining margins Read More »

India markets regulator proposes incentives to boost retail participation in debt securities

27 Oct 2025

(Reuters) -India’s markets regulator has proposed incentives for certain categories of retail investors to encourage them to invest in public issues of debt securities, a consultation paper showed on Monday. The Securities and Exchange Board of India (SEBI) has proposed to permit issuers to offer incentives in the form of higher coupon rate or a …

India markets regulator proposes incentives to boost retail participation in debt securities Read More »

Close Bitnami banner
Bitnami