BENGALURU (Reuters) -India’s Max Healthcare Institute said on Friday it would buy Sahara Hospital in Lucknow, Uttar Pradesh for an enterprise value of 9.40 billion rupees ($112.76 million), as it looks to expand its operations in the country. The 550-bed Sahara Hospital treats about 200,000 patients every year and has a revenue potential of 2 …
India’s Max Healthcare to buy Sahara Hospital in $113 million deal Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark indexes posted their longest weekly winning streak in three years, as they rallied to record highs on the back of strong macroeconomic data, a drop in oil prices and the Reserve Bank of India’s (RBI) rate pause. The NSE Nifty 50 and S&P BSE Sensex indexes rose about …
India’s Nifty, Sensex post longest weekly winning run in three years Read More »
By Nidhi Verma NEW DELHI (Reuters) – India has lowered the stock limit of wheat that traders and millers can hold to increase the grain’s availability and moderate prices, the food ministry’s most senior civil servant said on Friday. Indian authorities are worried about volatility in food prices ahead of general elections due by May. …
India lowers wheat stock limits to fight food inflation Read More »
BENGALURU (Reuters) – Inflows into India’s equity mutual funds fell in November, while investors continued to prefer small- and mid-cap funds on hopes of strong returns, data from the Association of Mutual Funds in India (AMFI) showed on Friday. The inflows dropped 22.15% month-on-month to 155.36 billion rupees in November from 199.57 billion rupees in …
India equity mutual fund inflows moderate in November; SIPs hit new high – data Read More »
MUMBAI (Reuters) – The Reserve Bank of India’s (RBI) tighter norms for credit cards and personal loans are meant to moderate excessive lending in the segment and not to stop the flow of such credit, a deputy governor at the central bank said on Friday. The RBI, last month, asked lenders to set aside more …
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -India’s central bank on Friday raised its fiscal year growth forecast on the back of a robust economy and flagged continuing tight monetary policy while it keeps watch over inflation risks. The Reserve Bank of India expects the economy to expand 7% in the current fiscal year …
India holds rates amid buoyant growth, to monitor inflation Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – The Reserve Bank of India’s (RBI) move to allow banks more flexibility in managing funds over weekends and on holidays will help reduce volatility in overnight rates, several traders said on Friday. The central bank governor while announcing the RBI’s monetary policy review said starting Dec. 30, it will …
India cenbank’s liquidity framework tweak to lower overnight rate volatility – traders Read More »
(Reuters) -India is moving to set up same-day market settlement before the end of fiscal year ending March 2024 and subsequently to instantaneous settlement a year later, the chairperson of country’s markets regulator said on Friday. Currently trades in India are settled in “T+1” or one day after the trades are initiated. T+0 would mean …
India to move to same-day market settlement before fiscal year end – regulator Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is likely to open little changed on Friday ahead of the Reserve Bank of India’s monetary policy decision, even as the dollar index dipped, pressured by a rally in the Japanese yen. Non-deliverable forwards indicate the rupee will open at around 83.34-83.35 to the U.S. dollar …
Rupee to keep ‘narrow range’ ahead of cenbank policy decision Read More »
(Reuters) – India’s fuel consumption in November fell after hitting a four month peak in the previous month, hit by reduced travel in the world’s third biggest oil consumer as a festive boost fizzled out. Total consumption in November, a proxy for oil demand, fell by 2.8% to 18.72 million tonnes from 19.26 million tonnes …
India’s fuel demand slips in November from four-month peak Read More »
