Reuters India Business

Indian shares fall on IT losses, US-China tariff woes; Sept inflation data in focus

13 Oct 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares inched lower on Monday, weighed down by IT stocks and tracking losses in Asia after the United States issued fresh tariff threats against China, while investors awaited domestic retail inflation data for September. The Nifty 50 was down 0.23% at 25,227.35, while the BSE Sensex …

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India’s small steelmakers cut output as weak demand, falling prices bite

13 Oct 2025

By Neha Arora NEW DELHI (Reuters) -India’s small steelmakers are struggling with weak demand, rising inventories and falling prices, highlighting a construction slowdown despite New Delhi introducing its biggest consumer tax cuts in eight years to boost growth and counter steep U.S. tariffs. India’s economy grew 7.8% in the April-June quarter, above analysts’ expectations, but …

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India’s Canara Robeco’s IPO fully subscribed on final day, led by institutional buyers

13 Oct 2025

(Reuters) -Indian asset manager Canara Robeco’s nearly $150 million initial public offering (IPO) was fully subscribed on Monday, the final day of its three-day bidding process, led strong institutional interest after muted demand earlier. The Mumbai-based firm’s IPO drew bids worth 21.23 billion rupees ($239.7 million), 2.3 times the 34.9 million shares on offer, with …

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Indian visa services firm BLS set for worst day since March 2020 on govt tender ban

13 Oct 2025

(Reuters) -Shares of India’s BLS International Services slid as much as 18% on Monday and were set for their worst day since March 2020, after the digital visa and passport services provider was barred from bidding for government tenders for two years. The stock was last down about 13% at 294.3 rupees as of 11:44 …

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India’s Tata Capital makes subdued debut, valuing non-bank lender at $15.78 billion

13 Oct 2025

By Vivek Kumar M and Yagnoseni Das (Reuters) -Tata Capital, India’s third-largest non-bank lender by revenue, was muted in its debut trade on Monday, valuing the firm at 1.4 trillion rupees ($15.78 billion), with investors seemingly not that keen on the first listing by the storied Tata Group in nearly two years. Tata Capital’s subdued …

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India rupee’s two-week calm suggests return of central bank’s old playbook, traders say

13 Oct 2025

By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) -The Indian rupee’s recent tight moves suggest the central bank has reverted to its old playbook of using heavy market intervention to keep the currency anchored to a level it deems appropriate, traders said. Equity outflows, steep U.S. tariffs and a tightening visa regime pushed the rupee …

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Rupee may rely on central bank support; bonds to track inflation data

13 Oct 2025

By Jaspreet Kalra and Dharamraj Dhutia MUMBAI (Reuters) -The Indian rupee is likely to respond this week to the fallout from renewed U.S.-China trade tensions, with support from the central bank, while government bonds will take cues from domestic inflation print and demand-supply dynamics. The rupee closed at 88.6850 on Friday, up 0.1% on the …

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US Ambassador to India Gor says he discussed bilateral issues with PM Modi

11 Oct 2025

(Reuters) -U.S. Ambassador to India Sergio Gor said he met with Indian Prime Minister Narendra Modi and discussed bilateral issues which included trade, defense and technology. Gor said he and Modi, in their first meeting in India, also discussed the importance of critical minerals to both the U.S. and India. U.S. President Donald Trump has …

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India’s UTI Asset Management halts new investments in silver ETF

11 Oct 2025

-UTI Asset Management Company has temporarily suspended fresh lump-sum and switch-in investments into the UTI Silver ETF Fund of Fund, effective October 13, 2025, the company said in a statement on Saturday. The asset manager said this was due to prevailing market conditions and a shortage of physical silver in the domestic market as the …

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