Reuters India Business

Indian engineering firm Tata Tech’s profit rises on non-core business boost

17 Oct 2025

(Reuters) -Indian engineering firm Tata Technologies reported a 5% rise in second-quarter profit on Friday, as growth in its non-automotive business cushioned weakness in its key auto-focused segment. The firm, which provides engineering, product design and manufacturing digitalisation services to automotive clients, as well as to aerospace and industrial machinery firms, warned about near-term demand …

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Indian developer Sobha’s profit jumps on robust demand for premium homes

17 Oct 2025

(Reuters) -Indian homebuilder Sobha reported second-quarter profit that more than doubled on Friday, helped by high prices and sustained demand for premium apartments. The Bengaluru-based real estate company said its consolidated net profit rose to 725.3 million rupees ($8.2 million) from 260.9 million rupees a year ago. Revenues rose 50.7% to 14.08 billion rupees. KEY …

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Exclusive-India to force drugmakers to upgrade plants after fatal cough syrup crisis

17 Oct 2025

By Rishika Sadam and Krishna N. Das CHHINDWARA/NEW DELHI, India (Reuters) -India has refused drugmakers’ requests to extend a year-end deadline for them to upgrade their manufacturing facilities to international standards, four sources said, amid public anger over the recent deaths of at least 24 children who consumed locally-produced cough syrup. New Delhi had in …

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India’s Shoppers Stop posts narrower loss, expects festive demand boost

17 Oct 2025

(Reuters) -Indian department store Shoppers Stop posted a marginally narrower second-quarter loss on Friday and said it expects demand to rise during festivals. Spending on beauty and premium fashion surges during India’s October–December festive season, a crucial period that drives most retailers’ annual sales. India’s tax rate cuts aimed at boosting spending ahead of the …

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Earnings, demand rebound hopes lift India’s Nifty to one-year high

17 Oct 2025

By Bharath Rajeswaran (Reuters) -India’s equity benchmarks advanced on Friday as heavyweights HDFC Bank, ICICI bank and Reliance Industries rose, and logged weekly gains, as optimism over an earnings rebound and growing expectations of a December rate cut buoyed sentiment. The Nifty 50 rose 0.49% to 25,709.85, settling at one-year high levels, while the BSE …

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India’s CEAT posts second-quarter profit jump on strong tyre demand

17 Oct 2025

(Reuters) -Indian tyre maker CEAT reported a 52.6% rise in second-quarter profit on Friday on strong demand, as vehicle sales rose following the consumption tax cut and festive demand. The company’s consolidated net profit rose to 1.86 billion rupees ($21.2 million) during the quarter ended September 30, from 1.22 billion rupees a year ago. Revenue …

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Rupee logs best week in four months after central bank flexes FX muscle

17 Oct 2025

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee logged its best week in four months, buoyed largely by the Reserve Bank of India’s forceful intervention in the foreign exchange market and, to a lesser extent, by improving sentiment around U.S.–India trade negotiations. The rupee settled at 87.9750 on Friday, up 0.8% for the week …

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India’s Hindustan Zinc posts quarterly profit rise on strong silver, zinc prices

17 Oct 2025

(Reuters) -India’s Hindustan Zinc reported a nearly 14% rise in second-quarter profit on Friday, as silver prices hit record high levels and zinc prices climbed steadily, amid resilient demand. India’s top refined zinc producer said consolidated net profit rose to 26.49 billion rupees (about $301 million) in the quarter ended September 30 from 23.27 billion …

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India’s PVR Inox swings to second quarter profit as hits like ‘Saiyaara’ boost footfall

17 Oct 2025

(Reuters) -India’s largest multiplex operator PVR Inox swung to a profit in the second quarter as a robust lineup of film releases boosted theatre attendance, reversing a loss from a year ago. Consolidated profit came in at 1.06 billion rupees ($12.05 million) in the July to September quarter. Last year, it reported a loss of …

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US says India halves Russian oil imports, sources say no cuts seen

17 Oct 2025

By Jarrett Renshaw and Nidhi Verma WASHINGTON/NEW DELHI (Reuters) -India has halved its purchases of Russian oil, a White House official said, but Indian sources said no immediate reduction had been seen, as President Donald Trump’s administration presses New Delhi and other nations to buy less Russian crude. Russian oil is a main irritant for …

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