Reuters India Business

India’s Polycab beats quarterly profit estimates on strong wires, cables demand

17 Oct 2025

(Reuters) -Polycab India reported a bigger-than-expected second-quarter profit on Friday, benefiting from strong demand in its mainstay wires and cables segment amid robust infrastructure spending. The company’s consolidated net profit rose about 56% to 6.85 billion rupees ($77.89 million) in the three months ended September 30. Analysts had expected a profit of 5.59 billion rupees …

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India rate-cut bets breathe life into corporate bond market

17 Oct 2025

By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -India’s corporate debt market is witnessing a rebound as renewed bets of steep rate cuts boost demand and encourage firms to opt for bonds over traditional funding sources, analysts say. Bond issuances fell 40% quarter-on-quarter to 2.03 trillion rupees ($23.1 billion) in July-September, data from aggregator Prime …

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Coca-Cola considers $1 billion IPO of Indian bottling unit, Bloomberg News reports

17 Oct 2025

(Reuters) -Coca-Cola is considering taking its Indian bottling unit public in a deal that may fetch $1 billion, Bloomberg News reported on Friday, citing people familiar with the matter. The company has met with bankers to discuss listing Hindustan Coca-Cola Beverages, the report said, adding that it would value the unit at $10 billion. Coca-Cola …

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Top Indian solar products maker Waaree to expand in US despite trade probe

17 Oct 2025

By Sethuraman N R NEW DELHI (Reuters) -Waaree Energies, India’s leading solar module manufacturer, is keen to expand its footprint in the world’s largest economy despite an ongoing trade investigation, a top company official said on Friday. U.S. customs officials are investigating whether Waaree Energies sidestepped the country’s tariffs on Chinese-made cells and panels by …

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India’s Canara HSBC Life makes muted debut, valuation at $1.2 billion

17 Oct 2025

By Vivek Kumar M (Reuters) -India’s Canara HSBC Life Insurance made a muted debut on the bourses on Friday, as unappealing pricing and a crowded IPO market clouded the insurer’s prospects. Its stock was trading at 108.9 rupees, as of 10:50 a.m. IST, up 2.7% from its issue and listing price of 106 rupees, yielding …

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India central bank repeats pre-market dollar sales, reinforcing support for rupee

17 Oct 2025

By Nimesh Vora MUMBAI (Reuters) -The Reserve Bank of India sold U.S. dollars through state-run banks before the spot market opened on Friday, traders said, repeating its midweek pre-market intervention and underscoring its intent to support the rupee. The RBI’s intervention helped the rupee open firmer against the U.S. dollar despite pre-market signals of weakness. …

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India’s Megha Engineering gets $225.5 million contract in Kuwait

17 Oct 2025

(Reuters) -Indian multi-sector infrastructure firm Megha Engineering & Infrastructures has won a contract worth $225.5 million from Kuwait Oil Company (KOC), it said on Friday. The contract includes the construction, operation and management of a new gas sweetening and sulphur recovery facility at Kuwait oilfields. KOC will have an option to buy back the facility …

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India’s festive rush pushes gold premiums to over 10-year peak

17 Oct 2025

By Rajendra Jadhav and Anmol Choubey (Reuters) -Physical gold demand in major Asian markets was strong this week, even as prices smashed through multiple record levels with premiums in India reaching their highest level in over a decade ahead of major festivals this month. Spot gold prices surpassed $4,300 per ounce for the first time …

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Yield decline spurs $880 million bond sale by 3 Indian state-run firms, bankers say

17 Oct 2025

By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) -A decline in corporate bond yields in secondary market after a dovish monetary policy, encouraged three state-run firms to raise about 77.50 billion rupees ($880.5 million) through bonds sale, three merchant bankers aware of the matter said on Friday. State-run Hindustan Petroleum (HPCL) plans to raise around …

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India markets regulator aims to boost institutional participation in commodity markets, chair says

16 Oct 2025

(Reuters) -India’s markets regulator aims to boost institutional participation in the country’s agriculture and non-agriculture commodity markets to make them more attractive for hedging, Chairman Tuhin Kanta Pandey said on Thursday. “We are looking to enhance institutional participation to make this market more attractive for hedging,” Pandey said during a speech at the Bloomberg Forum …

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