Reuters India

India’s Max Healthcare to buy Sahara Hospital in $113 million deal

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 …

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India equity mutual fund inflows moderate in November; SIPs hit new high – data

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 …

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India’s tighter unsecured loan norms not aimed at stopping credit flow – cenbank deputy Rao

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 …

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India cenbank’s liquidity framework tweak to lower overnight rate volatility – traders

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 …

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India to move to same-day market settlement before fiscal year end – regulator

(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 …

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