Reuters India Business

India’s Religare Enterprises seeks governance review, funding from Burman family

17 Mar 2025

(Reuters) – India’s Religare Enterprises on Monday said its board is seeking a governance review of the company and its units, and has also approached the billionaire Burman family for funding support after they took control of the company last month. The Burman family, who founded and control consumer goods conglomerate Dabur India, acquired control …

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Rupee continues winning run; exporter, foreign banks’ dollar sales help

17 Mar 2025

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee strengthened for the third consecutive session on Monday, helped by dollar sales by exporters and foreign banks, coupled with a broadly softer greenback that hovered near a five-month low against its major peers. The rupee closed at 86.80 against the U.S. dollar, up 0.2% on the …

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India and New Zealand to start talks on free trade pact, Modi says

17 Mar 2025

MUMBAI/NEW DELHI (Reuters) – India and New Zealand have decided to start detailed negotiations on a mutually beneficial free trade agreement, Indian Prime Minister Narendra Modi said on Monday after talks with his New Zealand counterpart Christopher Luxon. The agreement is expected by the end of 2025, an Indian foreign ministry official told reporters. India’s …

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Financials lead rise in Indian shares

17 Mar 2025

By Vivek Kumar M and Bharath Rajeswaran (Reuters) -Financials propelled India’s benchmark equity indexes higher on Monday on the back of positive global cues, bargain buying and stock-specific moves. The Nifty 50 gained 0.50% to 22,508.75, while the Sensex closed 0.46% higher at 74,169.95. Financials contributed to about two-thirds of the Nifty’s rise. Standard Chartered …

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Investors want India to lower long-bond supply in fiscal year 2026, sources say

17 Mar 2025

By Dharamraj Dhutia MUMBAI (Reuters) – Indian bond market participants want the government to lower supply of ultra-long debt in the fiscal year that starts April 1, five treasury officials said on Monday. India’s central bank, the government’s debt manager, met market participants over last week to seek views on the borrowing plan. “The widespread …

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India’s wholesale inflation rises slightly in February

17 Mar 2025

By Sarita Chaganti Singh NEW DELHI (Reuters) – India’s wholesale inflation in February rose to 2.38% year-on-year, slightly above 2.31% in January as a slowing food price increase was offset by a narrower drop in fuel prices, government data released on Monday showed. The wholesale inflation, a proxy for producer prices, was marginally higher than …

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Reliance Jio to offer free IPL cricket streaming on certain telecom plans

17 Mar 2025

(Reuters) – Reliance Jio, India’s largest telecom firm by users, said on Monday certain tariff plans will continue to give subscribers free streaming access to Indian Premier League (IPL) cricket matches, among the country’s most-watched sporting events. The plan is applicable to users recharging their accounts with 299 rupees ($3.44) or more and will enable …

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State Bank of India shelves $1.7 billion fund raising as yields elevated, sources say

17 Mar 2025

By Dharamraj Dhutia and Siddhi Nayak MUMBAI (Reuters) -State Bank of India, the country’s largest lender by assets, is shelving plans to raise funds this fiscal year, discouraged by elevated bond yields despite a policy rate cut and liquidity boost from the central bank, three sources aware of the matter said on Monday. The bank …

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