Reuters India Business

BENGALURU (Reuters) – India’s blue-chip Nifty 50 index surged nearly 29% this financial year, ending March 31, powered by a booming economy and strong fund inflows that helped mark the best year for domestic stocks since a post-COVID bounce in fiscal 2021. Aided by the rally in domestic equities, the overall market capitalisation of all National Stock Exchange (NSE) …

Strong economy, flows power India’s Nifty to best fiscal year since 2021 Read More »

By Dharamraj Dhutia MUMBAI (Reuters) -Indian mutual funds are likely to continue swapping the central government debt on their books with high-yielding state government bonds, expecting the spread in yields between the two to ease soon, four fund managers said on Thursday. “Mutual funds likely sold 10-year government bond and got into state debt, as …

Indian mutual funds to keep buying state bonds, expect yields to fall Read More »

BENGALURU (Reuters) -Indian billionaire Gautam Adani’s family infused 66.61 billion rupees (about $799 million) in Ambuja Cements, raising its stake to about 67% from 63.15%, to help ramp up the cement maker’s manufacturing capacity. The family has raised its stake by converting warrants into shares, Ambuja said in an exchange filing on Thursday. The Adani …

Billionaire Gautam Adani’s family raises Ambuja Cement stake with $799 million infusion Read More »

KUALA LUMPUR (Reuters) – Malaysia will submit an request to India to procure an additional 500,000 metric tons of white rice, its agriculture minister said. The request would be in addition to the 170,000 tons of white rice India has previously allocated to Malaysia for the year. India, the world’s biggest rice exporter, had restricted …

Malaysia to request additional 500,000 metric tons of white rice from India Read More »