By Bharath Rajeswaran and Hritam Mukherjee BENGALURU (Reuters) -Indian shares were flat on Friday as a 3% tumble in IT stocks due to sector bellwether Accenture’s revenue warning offset optimism around U.S. Federal Reserve rate cuts. The blue-chip NSE Nifty 50 index was mostly flat at 22,032.90, while the BSE Sensex added 0.06% to 72,677.82, …
Indian shares flat as slide in IT stocks offsets Fed optimism Read More »
(Reuters) – India’s markets regulator has asked the country’s asset managers to stop inflows into schemes that invest in overseas exchange traded funds (ETFs) from April 1, according to a document seen by Reuters. The Association of Mutual Funds in India (AMFI) sent out an email to asset managers late on Wednesday informing then of …
Indian regulator asks fund managers to stop investing in overseas ETFs Read More »
By Anjana Anil (Reuters) – Gold eased slightly on Thursday, hitting pause after a blistering rally that got an extra fillip after Federal Reserve Chair Jerome Powell hinted that the central bank was on course for three interest rate cuts in 2024. Spot gold fell 0.3% to $2,180.49 per ounce at 1:50 p.m. EDT (1750 …
Gold takes a breather after record, Fed-fuelled rally Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed little changed on Thursday, sidestepping strength in its Asian peers as local dollar demand ate into the currency’s early gains that came after the U.S. Federal Reserve kept its policy rates and dot plot for 2024 unchanged. The rupee closed at 83.1475 against the U.S. …
Rupee ends flat wedged between higher Asia FX, local dollar demand Read More »
By Vijdan Mohammad Kawoosa, Siju Varghese and Sachin Achar MUMBAI/ BENGALURU (Reuters) -Top donors to Indian Prime Minister Narendra Modi’s Bharatiya Janata Party since 2019 under an opaque funding scheme that has now been scrapped included Megha Engineering, Reliance affiliate Qwik Supply Chain, MKJ Enterprises and Vedanta, data made public on Thursday showed. The data, …
(Reuters) -India’s markets regulator will start an optional same-day settlement for 25 stocks with a limited number of brokers on March 28, according to a circular on its website published on Thursday. Referring to the launch as a beta version, the Securities and Exchange Board of India (SEBI) said the optional T+0 will work alongside …
India to start optional same-day settlement for 25 stocks Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian banks will gravitate towards corporate bonds they intend to hold until maturity once new central bank rules kick in next month, as yields are currently elevated and the investments would be spared from market-linked markdowns, treasury officials said. From April 1, corporate bond investments will be allowed under …
By Anant Chandak BENGALURU (Reuters) – India’s business activity ended this fiscal year on a high note, expanding at the fastest rate in eight months in March, according to a business survey, suggesting the country would remain the fastest growing major economy. HSBC’s flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, rose …
India’s March business activity ends fiscal year on strong note -PMI Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares joined a global equity rally on Thursday after the U.S. Federal Reserve maintained its projection of three rate cuts this year, with metals leading the charge on the back of a softer U.S. dollar. The blue-chip NSE Nifty 50 index gained 0.88% to 22,028.90, while the BSE Sensex …
Indian shares join global rally after Fed maintains rate cut view; metals lead Read More »
(Reuters) -The bankrupt parent company of Silicon Valley Bank plans to sell its entire stake in Indian subsidiary SVB Global Services India to lender First Citizens Bancshares, it said in a filing on Wednesday. SVB Financial Group is currently seeking approval from a bankruptcy court, with a hearing scheduled for April 9. The company anticipates …
Defunct SVB Financial Group to sell Indian subsidiary to First Citizens Bancshares Read More »
