Reuters India Business Archives - Page 81 of 1191

RBI proposes new infrastructure risk weights for NBFCs

24 Oct 2025 24 Oct 2025

By Gopika Gopakumar MUMBAI (Reuters) -India’s central bank on Friday proposed revised risk-weight guidelines for non-banking financial companies’ infrastructure loans, a move that could lower capital requirements for lenders financing established projects. The Reserve Bank of India issued draft rules that would apply lower risk weights to infrastructure exposures based on project performance and loan …

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India’s SBI Card misses quarterly profit view on higher operating costs

24 Oct 2025 24 Oct 2025

(Reuters) -India’s SBI Cards and Payment Services reported second-quarter profit below expectations on Friday, hurt by higher operating costs even as its asset quality improved. The company’s profit after tax rose 10% to 4.45 billion rupees for the three months ended September 30, but fell short of analysts’ average expectations of 5.79 billion rupees, according to …

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India central bank to exempt sovereign-backed real estate fund from alternate investment fund rules

24 Oct 2025 24 Oct 2025

(Reuters) -The Reserve Bank of India will exempt a government-backed real estate rescue fund from its tightened rules for alternate investment funds (AIF), it said in a notification on Friday. The fund, called Special Window for Affordable and Mid-Income Housing (SWAMIH), was set up in 2019 to rescue stressed real estate projects by providing debt …

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India’s Dr Reddy’s misses profit view on stiff US competition for Revlimid generic

24 Oct 2025 24 Oct 2025

(Reuters) -Indian generic drugmaker Dr Reddy’s Laboratories reported second-quarter profit below estimates on Friday, hurt by higher costs and stiff competition for the generic version of cancer drug Revlimid in its key North America market. The company’s consolidated net profit rose 7.3% on-year to 13.47 billion rupees ($153.25 million) in the three months ended September …

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India cautious on trade deals, says U.S. pact “very near”

24 Oct 2025 24 Oct 2025

By Manoj Kumar NEW DELHI (Reuters) -India will not accept limits on its trading choices or rush to sign agreements, Trade Minister Piyush Goyal said on Friday, even as a senior government official said a bilateral trade deal with Washington was “very near”. “India will not sign any trade deal in a hurry,” Goyal said …

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India’s SBI Life reports lower profit as costs rise, investment income drops

24 Oct 2025 24 Oct 2025

(Reuters) -India’s SBI Life Insurance reported a 7% fall in second-quarter profit on Friday, hurt by higher commissions paid to boost sales and a drop in income from investments. The insurer, backed by State Bank of India – the country’s largest lender – posted a net profit of 4.95 billion rupees ($56.3 million) for the …

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Indian benchmark shares rise for fourth week; profit booking caps day’s gains

24 Oct 2025 24 Oct 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian benchmarks notched their fourth straight week of gains on Friday, their longest winning streak in 2025 so far, fuelled by stable quarterly earnings, strong festival season sales and easing global trade tensions. On the day, the Nifty 50 fell 0.37% to 25,795.15 and the BSE Sensex …

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Tinder owner Match says Apple fee will stifle growth in India

24 Oct 2025 24 Oct 2025

By Aditya Kalra NEW DELHI (Reuters) -An Apple fee of up to 30% in India will over time stifle revenues for Match, the owner of dating app Tinder, it said in its submission to the Indian antitrust body, adding that hefty fines were needed to protect its business. Tinder is one of the biggest players …

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Rupee rally fizzles as cautious trade comments temper optimism

24 Oct 2025 24 Oct 2025

By Dharamraj Dhutia MUMBAI (Reuters) -The Indian rupee surrendered all of its intraday gains to end little changed on Friday as optimism over trade talks faded after an Indian minister signalled caution over ongoing negotiations. The rupee had earlier risen to 87.6350 per dollar, its highest level since late August, breaking past the key resistance …

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Explainer-Why are corn and soybeans at the heart of India-U.S. trade talks?

24 Oct 2025 24 Oct 2025

By Mayank Bhardwaj NEW DELHI (Reuters) -U.S. President Donald Trump said this week he spoke with Indian Prime Minister Narendra Modi mainly about trade, and that Modi had assured him India would limit its oil purchases from Russia. After the United States sanctioned Russia’s top oil producers on Wednesday, Indian refiners – major buyers of …

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