Reuters India Business

India’s equity mutual fund flows off record high as investors shift to gold

10 Sep 2025

By Bharath Rajeswaran (Reuters) -Inflows into India’s equity mutual funds in August cooled from record highs, as steep U.S. tariffs rattled investors, prompting them to move to safe-haven gold and less risky large-caps. Investors also continued to favour mid-cap stocks, while trimming allocations to small-caps, industry data showed on Wednesday. Flows into equity schemes fell …

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India’s Urban Company IPO fully subscribed within hours of launch

10 Sep 2025

By Manvi Pant (Reuters) – Urban Company’s 19-billion-rupee ($216 million) IPO was fully subscribed within two hours of launch on Wednesday, as retail investors thronged to grab a piece of India’s burgeoning online home services market. Indian startups, such as e-tailers Lenskart [LENS.NS] and Meesho are also looking to list their shares in the world’s …

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Rupee ends flat on Trump’s mixed signals for trade tariffs

10 Sep 2025

By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee closed unchanged on Wednesday as tariff-related uncertainties continued to dominate the Asian currency’s price action following mixed signals from U.S. President Donald Trump regarding recent bilateral trade tensions. The rupee ended little changed on Wednesday to 88.1000 against Tuesday’s close of 88.1025. The local currency’s recent …

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Indian shares extend winning run as U.S. trade talks, rate cut hopes lift sentiment

10 Sep 2025

By Bharath Rajeswaran and Vivek Kumar M (Reuters) – Indian shares extended their winning streak on Wednesday, boosted by hopes of progress in trade talks with Washington and growing expectations of a U.S. rate cut next week. The Nifty 50 rose 0.42% to 24,973.1 and the BSE Sensex gained 0.4% to 81,425.15. While the 50-stock …

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Exclusive-India resists full crypto framework, fears systemic risks, document shows

10 Sep 2025

By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) -India is leaning towards not creating legislation to regulate cryptocurrencies in the country and instead will maintain partial oversight, fearing that bringing the digital assets into its mainstream financial system could raise systemic risks, a government document shows. The document, seen by Reuters, cites the …

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Fitch raises India growth forecast after strong second-quarter

10 Sep 2025

MUMBAI (Reuters) -Fitch Ratings has raised its forecast for India’s economic growth for the current fiscal year to 6.9% from 6.5% earlier, citing stronger-than-expected momentum in the June quarter driven by robust services activity and resilient consumption. India’s real GDP grew 7.8% year-on-year in the April–to-June quarter, accelerating from 7.4% in the previous three months …

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Indian PM Modi says he would speak to Trump; trade negotiations to conclude at the earliest

10 Sep 2025

(Reuters) -Indian Prime Minister Narendra Modi on Wednesday said he would speak to U.S. President Donald Trump and that their countries’ teams are working to conclude trade negotiations as soon as possible. “I am confident that our trade negotiations will pave the way for unlocking the limitless potential of the India-U.S. partnership,” Modi said in …

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US FDA deems Sun Pharma’s Halol plant not compliant with its manufacturing rules

9 Sep 2025

(Reuters) – Indian drugmaker Sun Pharmaceutical Industries said on Tuesday the U.S. Food and Drug Administration had determined that its Halol plant in the western state of Gujarat was not compliant with the regulator’s manufacturing rules. The classification of the plant as “Official Action Indicated” by the FDA follows an inspection from June 2 to …

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Gold scales record peak on Fed rate-cut bets, US inflation data in focus

9 Sep 2025

By Anushree Mukherjee and Sarah Qureshi (Reuters) – Gold continued its record rally on Tuesday, buoyed by expectations of an imminent September U.S. interest rate cut, while investors looked ahead to inflation data due this week. Spot gold was up 0.2% at $3,643.57 per ounce, as of 0212 p.m. ET (18:12 GMT), after hitting a …

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