Reuters India Business

India’s MRPL seeks cheaper oil amid US pressure, hopes to keep buying Russian

16 Oct 2025

By Nidhi Verma NEW DELHI (Reuters) -India’s Mangalore Refineries and Petrochemicals is scouting for oil from alternative sources sold at a discount while hoping to continue buying Russian oil, its managing director Mundkur Shyamprasad Kamath said on Wednesday. U.S. President Donald Trump on Wednesday said Prime Minister Narendra Modi had assured that India will stop …

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India central bank deployed $5 billion life jacket to aid struggling rupee, bankers estimate

16 Oct 2025

By Nimesh Vora and Jaspreet Kalra MUMBAI, October 16 (Reuters) -The Reserve Bank of India (RBI) is estimated to have sold $3 billion to $5 billion in spot and non-deliverable forward markets to support the rupee on Wednesday, traders said, marking its largest intervention in months. Seven traders from private, state-run and foreign banks provided …

India central bank deployed $5 billion life jacket to aid struggling rupee, bankers estimate Read More »

India’s Axis Bank climbs on improved asset quality, lower credit costs in second quarter

16 Oct 2025

(Reuters) -Shares of India’s private lender Axis Bank rose 4% on Thursday after its September-quarter results showed improved asset quality and balance sheet growth. The stock climbed as much as 4.04% to 1,216.9 rupees by 9:30 a.m. IST, making it the top gainer on the Nifty 50, which was up 0.4%. It last traded 3% …

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Gold extends record run past $4,200 on rate-cut hopes, safe-haven fervor

15 Oct 2025

By Sherin Elizabeth Varghese (Reuters) -Gold prices breached $4,200 per ounce for the first time on Wednesday, extending a record rally as rising interest rate cut bets and geopolitical jitters send investors flocking to the safe-haven metal. Spot gold rose 1.3% to $4,195.35 per ounce as of 1:57 p.m. ET (1757 GMT), after hitting an …

Gold extends record run past $4,200 on rate-cut hopes, safe-haven fervor Read More »

India’s SEBI passes interim order against power regulator officials over insider trading

15 Oct 2025

MUMBAI/NEW DELHI (Reuters) -India’s market regulator late on Wednesday issued an order against two officials of the country’s federal power regulator alleging they traded on price-sensitive information in shares and derivatives of Indian Energy Exchange (IEX). The Securities and Exchange Board of India (SEBI) said two officials at the Central Electricity Regulatory Commission (CERC), along …

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Meet the AI chatbots replacing India’s call-center workers

15 Oct 2025

By Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) -At a startup office in this Indian city, developers are fine-tuning artificial-intelligence chatbots that talk and message like humans.  The company, LimeChat, has an audacious goal: to make customer-service jobs almost obsolete. It says its generative AI agents enable clients to slash by 80% the number of …

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India cenbank does not target any specific rupee level, governor says

15 Oct 2025

(Reuters) -India’s central bank does not target any price level on the rupee, governor Sanjay Malhotra reiterated at an International Monetary Fund and World Bank event on Wednesday. The rupee has been in a firm downward trend, weighed by U.S. President Donald Trump’s trade policies, including tariffs against India, and geopolitical tensions. The Reserve Bank …

India cenbank does not target any specific rupee level, governor says Read More »

Air India in expanded talks for up to 300 new jets, sources say

15 Oct 2025

By Aditi Shah, Abhijith Ganapavaram and Tim Hepher NEW DELHI/PARIS (Reuters) -Air India is in talks with Airbus and Boeing to add more wide-body jets as it expands planned purchases to up to 300 aircraft, people familiar with the matter said on Wednesday, marking an acceleration of its turnaround under the Tata Group. The negotiations …

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India’s Aditya Birla fashion unit to open Galeries Lafayette stores in Mumbai, Delhi

15 Oct 2025

(Reuters) -Aditya Birla Fashion and Retail said on Wednesday that French luxury retailer Galeries Lafayette will open its first Indian flagship store in Mumbai city with plans for another in the capital city Delhi, as part of their partnership. The retail and fashion unit of Aditya Birla group, which competes with billionaire Mukesh Ambani’s Reliance …

India’s Aditya Birla fashion unit to open Galeries Lafayette stores in Mumbai, Delhi Read More »

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