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India equity mutual fund inflows rise to 1-year high in March – industry data

By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into Indian equity mutual funds jumped 31% sequentially to 205.34 billion rupees ($2.51 billion) in March, the highest in 12 months, data from the Association of Mutual Funds in India (AMFI) showed on Thursday. GRAPHIC – Net equity inflows rises to highest in a year in March https://www.reuters.com/graphics/EQINFLOWS-MAR/MAR-EQINFLOWS/klvygmmjzvg/chart.png …

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Indian exports up 6% in year to end-March, Russian imports surge

NEW DELHI (Reuters) – India’s exports of merchandise and services rose by 6% in the fiscal year to March 31, Indian government data released on Thursday showed, while imports from Russia surged. A Reuters calculation put India’s merchandise trade deficit in March at $19.73 billion, higher than the $17.43 billion recorded in the previous month, …

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Indian soldier dies of gunshot wound at same base where 4 others killed

NEW DELHI (Reuters) – A soldier died of a gunshot wound at a military base in India’s northern border state of Punjab, but it was not related to the killing of four soldiers there hours earlier, the Indian army said on Thursday. The soldier at Bathinda Military Station on Wednesday evening was thought to have …

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India’s March retail inflation eases below RBI’s upper tolerance level

(Reuters) – India’s annual retail inflation for March eased below the central bank’s upper tolerance level for the first time this year, as food prices softened. Annual retail inflation eased to 5.66% in March from 6.44% in the previous month, government data showed on Wednesday. The Reserve Bank of India targets a range of 2%-6%. …

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India’s industrial output rose 5.6% y/y in February

NEW DELHI (Reuters) – India’s annual industrial output rose 5.6% in February from a year earlier helped by growth in manufacturing and electricity generation, data from the Ministry of Statistics showed on Wednesday. Analysts in a Reuters poll had forecast an expansion of 5.1%. In January, the output rose 5.2%. In April-February, industrial output grew …

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India asks Britain for increased monitoring of Sikh separatists

NEW DELHI (Reuters) – India on Wednesday asked Britain for increased monitoring of UK-based supporters of a Sikh separatist movement following a “breach of security” at its High Commission in London, an incident that has raised tension between the two countries. At a meeting in New Delhi between senior British and Indian home ministry officials, …

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UK recruiters slow pace of pay growth in March, REC survey shows

By Suban Abdulla LONDON (Reuters) – Britain’s labour market showed signs of a slowing in the sharp pace of pay growth in March and a shortage of candidates eased for the first time in two years, according to a survey of recruiters published on Wednesday. The Recruitment and Employment Confederation/KPMG said increases in starting salaries …

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