By Dharamraj Dhutia MUMBAI (Reuters) – Foreign flows into Indian government bonds are set to decline in 2025, after spiking to a record high in 2024 as the debt got added to JPMorgan’s emerging market debt index, investors said. Interest rate trajectories in India and the United States and moves in the rupee will influence …
Foreign flows into India bonds to come off record highs in 2025 Read More »
MUMBAI (Reuters) – Indian banks’ loan growth moderated for a fifth straight month in November, central bank data showed, as lenders continued to rein in unsecured and personal loans after the Reserve Bank of India’s crackdown on “exuberant” lending. Banks’ credit increased by 11.8% year-on-year last month, slower than the 16.5% rise in November 2023, …
(Reuters) – India’s markets regulator on Tuesday issued the eligibility criteria that passively managed mutual funds will have to meet to access its eased rules, including setting up a minimum assets under management (AUM) threshold. The Securities and Exchange Board of India (SEBI) had first proposed a series of easier rules for such mutual funds …
India’s markets regulator issues guidelines on eased rules for passive funds Read More »
(Reuters) – India’s competition regulator, on Tuesday, approved the acquisition of a 72.8% stake in snack maker Prataap Snacks by Authum Investment & Infrastructure and investor Mahi Madhusudan Kela. In September, the two investors acquired a majority 46.85% stake in the Indore-based company from venture capital firm Peak XV Partners, and announced an open offer …
India’s competition watchdog approves majority stake sale in Prataap Snacks Read More »
(Reuters) -Indian contract drugmaker Anthem Biosciences filed for a 33.95-billion-rupee ($397 million) initial public offering, draft papers showed on Tuesday, at the fag end of what has been a red-hot year for companies listing on the stock market. Anthem, whose services include early-stage drug discovery and drug efficacy testing, said private equity firm True North …
Indian drugmaker Anthem Biosciences files for $397 million IPO Read More »
NEW DELHI (Reuters) – India’s infrastructure output grew 4.3% year-on-year in November, helped by strong construction activity, government data showed on Tuesday. In October, infrastructure output, which makes up 40% of India’s industrial production and tracks activity across eight sectors, grew at a revised 3.7%. Cement output climbed 13% year-on-year in November compared with a …
India’s November infrastructure output grows 4.3% on-year Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s benchmark 10-year bond yield posted its steepest decline in four years in 2024 as the government’s fiscal discipline and inclusion of debt in global indexes boosted demand, while investors awaited start of the domestic rate easing cycle in 2025. The yield ended at 6.7597% on Tuesday, dropping 42 …
India’s 10-year bond yield falls most in four years in 2024 on demand boost Read More »
By Jaspreet Kalra MUMBAI (Reuters) – India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart-backed PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than …
NEW DELHI (Reuters) -India’s fiscal deficit for April-November was 8.47 trillion rupees ($98.90 billion), or 52.5% of the estimate for the financial year, government data showed on Tuesday. Net tax receipts for the first eight months of the current financial year were at 14.43 trillion rupees, or 56% of the annual target, compared with 14.36 …
India’s April-Nov fiscal deficit at 52.5% of full-year target Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee fell for a seventh straight year in 2024, largely due to headwinds in the last quarter, including Donald Trump’s U.S. election victory-spurred surge in the dollar, while locally, slowing growth and a wider trade deficit weighed. The rupee dropped 2.8% in 2024 to end the year …
India rupee drops for 7th straight year as headwinds swirl near year-end Read More »
