Reuters India Business

By Bharath Rajeswaran BENGALURU (Reuters) -Inflows into India’s equity mutual funds moderated in July to 371.13 billion rupees ($4.42 billion), easing off record high levels hit in the previous month, data from the Association of Mutual Funds in India (AMFI) showed on Friday. The sequential 9.4% drop in July from the previous month was due …

India’s equity mutual fund inflows ease off record high levels in July, data shows Read More »

By Nidhi Verma and Arathy Somasekhar NEW DELHI/HOUSTON (Reuters) – India’s Reliance Industries plans to use naptha supplies as partial payment for crude purchases from Venezuela after the refiner obtained a U.S. approval last month to resume oil trade with the sanctioned producer, three sources aware of the contract terms said. One source said Reliance …

Exclusive-India’s Reliance in crude-for-naphtha swap deal with Venezuela, sources say Read More »

By Dimpal Gulwani, Siddhi Nayak and Nikunj Ohri BENGALURU (Reuters) -Life Insurance Corporation of India, the country’s biggest insurer, forecast a 2%-3% higher value for new-business margin in fiscal 2025 and said it is eying a majority stake in a health insurance company. “Work is going on” to buy a majority stake in a standalone …

India’s LIC forecasts higher FY25 new-business margin, eyes stake in health insurer Read More »

(Reuters) – Indian consumer products’ sales slowed sharply to a more-than-one-year low from April to June due to softening demand for personal care products and packaged wheat flour, especially in urban areas, market researcher NielsenIQ said on Thursday. The overall sales volume growth slowed to 3.8% in the second quarter, compared with growth rates of …

India’s consumer goods sales hits over one-year low on weak urban demand, report shows Read More »

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares erased intraday losses on Thursday, boosted by financials and Tata Motors, after the central bank stood pat on interest rates as expected. The NSE Nifty 50 index was up 0.07% at 24,314.9, as of 12:41 p.m IST, and the S&P BSE Sensex added 0.08% to 79,525.96. The indexes …

Indian shares erase losses led by financials, Tata Motors Read More »

By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -The Reserve Bank of India (RBI) kept its key interest rate unchanged on Thursday, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy. The Monetary Policy Committee (MPC), which consists of three …

India’s central bank holds rates again despite global market volatility Read More »