Reuters India Business

India poised to sharply cut Russian oil imports after sanctions, sources say

23 Oct 2025

By Nidhi Verma NEW DELHI (Reuters) -Indian refiners are poised to sharply curtail imports of Russian oil to comply with new U.S. sanctions on two top Russian producers, industry sources said on Thursday, potentially removing a major hurdle to a trade deal with the United States. The change comes as India faces punishing 50% tariffs …

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India’s Hero MotoCorp to enter UK market with Hunk 440 motorcycle priced at 3,990 euros

23 Oct 2025

(Reuters) -Hero MotoCorp, India’s largest two-wheeler maker, said on Thursday it will enter the United Kingdom market with a partnership with Lancashire-based distributor MotoGB, making the company’s products available in 51 countries. This comes on the heels of Hero’s announcement earlier this month that it will sell its products in Italy and Spain. Over the …

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Colgate Palmolive India reports lower profit as tax cut announcement disrupts sales

23 Oct 2025

(Reuters) – Colgate-Palmolive’s Indian unit reported a decline in second quarter profit on Thursday, due to a temporary disruption to sales after the government announced sweeping cuts to goods and services taxes. The toothpaste maker’s net profit for the quarter ended September 30 came in at 3.28 billion rupees ($37.32 million), down 7.2% year-on-year, excluding …

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India clears arms proposals worth $9 billion to boost military power

23 Oct 2025

NEW DELHI (Reuters) -India’s defence acquisition council cleared on Thursday proposals worth 790 billion rupees ($9 billion) to buy new missile systems, high mobility vehicles, naval surface guns and other equipment for its armed forces, the government said. ($1 = 87.8950 Indian rupees) (Reporting by Tanvi Mehta; Editing by YP Rajesh)

Eli Lilly allows Cipla to sell weight loss drug under new brand in India

23 Oct 2025

(Reuters) -Eli Lilly signed an agreement with Cipla, allowing the Indian drugmaker to sell its blockbuster weight-loss drug under a separate brand in the country, the companies said on Thursday. Under the agreement, Lilly will manufacture the drug and Cipla will market it under the brand name Yurpeak, the drugmakers said. Yurpeak will be available …

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Indian shares extend rally on US trade deal hopes, earnings revival bets

23 Oct 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks logged a sixth consecutive session of gains on Thursday, as prospects of a trade deal with the United States and a recovery in corporate earnings buoyed investors. The Nifty 50 closed 0.09% higher at 25,891.4, and the BSE Sensex added 0.15% to 84,556.4. They …

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Rupee stuck in narrow range as equity inflows, dollar selling clash with importer hedging

23 Oct 2025

By Dharamraj Dhutia MUMBAI (Reuters) -The rupee struggled for direction on Thursday, stuck in a narrow range before ending marginally higher, as inflows into local shares and dollar-selling by state-run banks offset importer demand for the U.S. currency for hedging. The rupee had opened higher at 87.8325 per U.S. dollar, buoyed by a media report …

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India’s Torrent Pharma to proceed with $1.6 billion bond issue after regulatory nod, bankers say

23 Oct 2025

By Dharamraj Dhutia MUMBAI (Reuters) -India’s Torrent Pharmaceuticals will proceed with its plan to sell bonds worth as much as 140 billion rupees ($1.6 billion) after the country’s competition regulator approved its acquisition of JB Chemicals & Pharmaceuticals earlier this week, two banking sources said on Thursday. The bond issue will be the largest rated …

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UPS asks court to bar publishers from questioning its executive in India antitrust case

23 Oct 2025

By Aditya Kalra NEW DELHI (Reuters) -UPS has asked an Indian court to quash a decision by the antitrust watchdog to allow book publishers to cross-examine its India executive, arguing it amounts to “coercion” as the company has already been cleared of wrongdoing, court papers show. An Indian antitrust investigation report last year found “no …

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India’s Reliance to halt oil imports under Rosneft deal, sources say

23 Oct 2025

NEW DELHI (Reuters) -Privately-owned Reliance Industries will stop importing oil under its long-term deal to buy nearly 500,000 barrels per day of crude from Russian oil major Rosneft, after the oil producer was sanctioned by the United States, two sources with direct knowledge of the matter said on Thursday. Reliance, the top Indian buyer of …

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