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Equity mutual fund inflows more than triple in Dec – industry data

By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into Indian equity mutual funds more than tripled to 73.03 billion rupees ($888.74 million) in December 2022 from the previous month, data from the Association of Mutual Funds in India (AMFI) showed. GRAPHIC: Net equity inflows more than triple MoM in December – https://www.reuters.com/graphics/DEC-EQUITYMF/AMFI-DECEMF/lgpdklwrkvo/chart.png The inflows came despite …

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Fixed income returns in India set to surge in 2023, prompt higher investments – analysts

(This Jan. 9 story has been corrected to fix AUM of Nuvama Wealth Management in the fourth paragraph after the fund issued a correction) By Bhakti Tambe MUMBAI (Reuters) – Indian investors are looking to increase the proportion of debt in their portfolios on expectations of a peak in policy tightening, a desire to lock …

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India’s inflation likely remained steady at 5.90% in December: Reuters poll

By Madhumita VikramGokhale BENGALURU (Reuters) – India’s retail inflation held steady in December, staying within the Reserve Bank of India’s comfort zone for a second month as a moderation in food price rises was partly offset by elevated core inflation, a Reuters poll of economists found. The Jan. 4-9 poll of 45 economists put consumer …

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India asks utilities to import 6% of their coal for nine months

By Sarita Chaganti Singh NEW DELHI (Reuters) -India’s power ministry has asked utilities to import 6% of their coal requirement until September, according to a letter seen by Reuters, warning that domestic supplies could be curtailed if import targets are not met. Coal accounts for more than 70% of India’s power generation, with coal-fired plants …

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‘RRR’ director S.S. Rajamouli puts audience love before critical acclaim

By Alicia Powell and Danielle Broadway NEW YORK (Reuters) – Indian filmmaker S.S. Rajamouli has become a 2023 award season stand-out, with his three-hour action film “RRR” earning glowing reviews and sparking a campaign to have the film nominated for an Academy Award in the best film category. “RRR” stars N.T. Rama Rao Jr. and …

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India detects all Omicron sub-variants in country, no rise in mortality

NEW DELHI (Reuters) – India has detected the presence of all Omicron sub-variants of COVID-19 in the community after testing more than 300 samples since late December, the health ministry said in a statement on Monday. “No mortality or rise in transmission were reported in the areas where these variants were detected,” the ministry said. …

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Rare rhinos dodge poachers in world’s top reserve for first time since 1977

By Krishna N. Das NEW DELHI (Reuters) – No rhinos were poached last year in the world’s largest reserve for the endangered great one-horned rhinoceros, India’s Assam state, in what authorities said was the first time since 1977. Filled with elephant-grass meadows, swampy lagoons, and dense forests, the Kaziranga National Park in northeast India’s Assam …

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India’s TCS Q3 misses view, flags challenges in Europe

By Nallur and Sethuraman BENGALURU (Reuters) -Tata Consultancy Services missed profit estimates and flagged challenges in Europe as clients tightened spending due to rough economic conditions, while its workforce shrank for the first time since the pandemic. TCS is the first among its peers to report quarterly earnings, setting the tone for an industry that …

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IDBI Bank gets domestic, global bids for stake sale: India govt official

By Nikunj Ohri (Reuters) – The Indian government has received interest from both domestic and foreign investors to acquire a majority stake in IDBI Bank, the country’s divestment secretary told Reuters on Monday. On Saturday, the government said it got multiple bids for the majority stake in IDBI Bank. The federal government owns 45.48% of …

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