Reuters India Business

Chase for yield leads mutual funds to Indian state, corporate bonds

By Dharamraj Dhutia and Khushi Malhotra MUMBAI (Reuters) – Indian mutual funds have ramped up investments in state and corporate bonds while selling federal government debt to take advantage of the rising yield differential, fund managers said. “Mutual funds have preferred spread assets like corporate bonds and state debt over government securities, as the supply …

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India’s financial stocks fuel Nifty 50’s March comeback, set for strong FY2026

By Bharath Rajeswaran (Reuters) – Shares of India’s financial services sector companies recovered in March, leading the benchmark Nifty 50 index’s comeback from a historic downturn and setting the stage for a robust fiscal year 2026. With the Reserve Bank of India’s interest rate cuts looming, credit growth surging, and foreign inflows returning, financials are …

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Factbox-India’s steps to win over US President Trump, avert tariffs

NEW DELHI (Reuters) – India is one of the few nations working to lower tariffs and win over U.S. President Donald Trump, who has called the South Asian nation a “tariff king” and “tariff abuser” and has vowed to reciprocate. Both countries have started talks towards clinching an early trade deal and resolving their standoff …

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Exclusive-Indian state firms seek stake in SQM’s lithium projects in Australia, sources say

By Neha Arora NEW DELHI (Reuters) – Four Indian state firms are in talks with Chilean miner SQM to acquire a 20% stake in its two lithium projects in Australia for $600 million, four sources said, in New Delhi’s biggest effort to secure supplies of the key EV battery metal. Government-backed Khanij Bidesh India Ltd …

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Foreign ownership of India’s global index bonds crosses 3 trillion rupees before rate cut

By Dharamraj Dhutia MUMBAI (Reuters) – Foreign holdings of Indian government bonds that allow unfettered investment have risen to more than 3 trillion rupees ($35 billion) for the first time as investors stepped up purchases ahead of an anticipated interest rate cut in April. Foreign inflows might see a further rise amid “an aggressive rate …

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Inflows, short unwinding put rupee on course for best month in over 6 years

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is on track to log its best monthly gain since November 2018, boosted by seasonal and portfolio dollar inflows alongside a drop in bearish positions on the currency. The local unit has rallied over 2% this month so far, outperforming its major regional peers, and was …

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India’s BSE soars after markets regulator proposes rejig in derivatives expiry rules

(Reuters) – Shares of India’s BSE surged 18% on Friday after the country’s markets regulator proposed rejigging the derivatives expiry schedule, a move that analysts said would help ease concerns over the bourse’s market share loss. The Securities and Exchange Board on India (SEBI), late on Thursday, proposed limiting expiries of all equity derivatives contracts …

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India’s Axis Bank, J.P. Morgan roll out anytime dollar payments for clients

MUMBAI (Reuters) – India’s Axis Bank has partnered with J.P. Morgan to offer real-time U.S. dollar payment capabilities to commercial clients in the country, facilitated by Kinexys, the U.S-based lender’s blockchain and digital assets unit. This is the first instance where an Indian company will have the flexibility to make or receive dollar payments at …

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