(Corrects designation in paragraph 7 to head of fixed income, from senior fund manager for debt) By Khushi Malhotra and Dharamraj Dhutia MUMBAI (Reuters) -Indian mutual funds and insurance companies are shifting towards an accrual strategy to capitalise on higher corporate bond yields, as government bond yields are expected to remain largely stable, investors told …
By Bharath Rajeswaran (Reuters) -Indian equity benchmarks ended little changed on Monday as gains in consumer stocks, led by Godrej Consumer, helped offset broader losses, while investors remained cautious amid growing uncertainty over U.S. trade policy. The Nifty 50 closed largely flat at 25,461.3 and the BSE Sensex rose 0.01% to 83,442.5. The more domestically …
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee slumped on Monday as uncertainty about U.S. tariff policies resurfaced with President Donald Trump’s threat of a fresh 10% levy on BRICS countries compounding pressure on the local currency alongside peers like South African rand and Chinese yuan. Worries over U.S. trade policies dented risk sentiment …
Tariff worries, Trump’s BRICS swipe spark worst rupee fall in three weeks Read More »
NEW DELHI (Reuters) -The Reuters News account on X was restored in India on Sunday, a day after the social media platform suspended it, citing a legal demand. “At this time, we are no longer withholding access in INDIA to your account,” X said in an email to the Reuters social media team, without elaborating. …
Reuters X account restored in India after suspension over legal demand Read More »
By Jayshree P Upadhyay (Reuters) -India’s markets regulator is enhancing its surveillance to scrutinize manipulation in derivatives trading, its chairman said on Monday, days after it barred U.S. firm Jane Street from the local markets after its investigation found the firm manipulated stock indexes. “There may not be many more such cases,” Chairman Tuhin Kanta …
(Reuters) -Sunil Mittal, founder of Bharti Airtel, and private equity firm Warburg Pincus have jointly bid $720 million for a 49% stake in the Indian arm of Haier, the Business Standard reported on Monday, citing sources. Haier, a Chinese electronics maker, had initially sought a $2 billion valuation for the stake but received lower bids, …
(Reuters) -Geopolitical tensions and spillover effects from U.S. tariffs may weigh on consumer sentiment, while China’s rare earth export curbs could further tighten vehicle supply and drag on retail sales, India’s Federation of Automobile Dealers Associations (FADA) said on Monday. Retail volumes fell 9.4% in June from a month ago and the average time a …
India auto dealers warn of risks to supply, retail volume growth Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -Indian rupee traders will monitor trade talks with the U.S. this week, ahead of a July 9 deadline for making deals with the world’s largest economy, while government bond yields will likely be range-bound with focus on movement in Treasury yields. The rupee closed at 85.3925 on …
Trade deal developments to drive Indian rupee; bond yields to track Treasuries Read More »
By Jayshree P Upadhyay MUMBAI (Reuters) -India’s markets regulator has widened an investigation into alleged market manipulation by U.S. securities trading firm Jane Street to include other indexes and exchanges, a source familiar with the matter said. The Securities and Exchange Board of India earlier on Friday barred Jane Street from buying and selling securities …
India markets regulator to widen probe into Jane Street, source says Read More »
By Lawrence White LONDON (Reuters) -Stocks slipped on Friday as U.S. President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the world’s biggest economy. The dollar also fell against major currencies, with U.S. markets already shut for the holiday-shortened …
Stocks, dollar dip as Trump passes spending bill, trade deal deadline nears Read More »
