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Jio-BlackRock to launch regular mutual fund plans through distributors in India
JioBlackRock Asset Management, a venture between India's Jio Financial Services and BlackRock said on Monday it will offer regular plans for eligible mutual fund schemes, allowin...
India
India's jobless rate slips to four-month low of 5.1% in July
India's unemployment rate for people aged 15 years and above fell to 5.1% in July, matching its lowest level in four months, government data showed on Monday.
India
India's Nifty 50 falls for fifth session on Mideast worries
Indian shares fell on Monday as a lack of progress towards ending the Iran war kept crude oil prices elevated, while an end of quarterly earnings reporting season meant limited d...
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Two dead after gas leak at India's Indo Amines plant
Specialty chemicals maker Indo Amines said on Monday two people, including an employee, died on Saturday following a gas leak at its manufacturing facility in Mahad, in the wes...
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Bollywood stars told to stop appearing in surrogate ads in Indian state's food safety drive
Three top Bollywood actors including Shah Rukh Khan must stop appearing in surrogate advertisements for a brand mostly associated with a banned betel nut product, India's Maharash...
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India's dollar-raising blitz cut short on BoP comfort, policy trade-offs, analysts say
Strong inflows from a foreign deposit drive prompted the Indian central bank to cut short a zero-cost FX swap facility for banks, with policymakers also wary of the domestic liqu...
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India should bring back fuel with lower blend of ethanol, chief economic adviser says
India should bring back a fuel variant with a lower blend of ethanol, according to a top government adviser, the first senior official to call for wider fuel options amid growing ...
India
India RBI's heavy FX footprint revives memories of a tightly managed rupee
Persistent central bank intervention that has absorbed recent pressure on the rupee and subdued moves in the currency is reminiscent of a period when the Reserve Bank of India firm...
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Bain-backed Dhoot Transmission jumps in India debut, valued at $2.5 billion
Bain Capital-backed Dhoot Transmission rose as much as 38.3% in its India trading debut on Monday, as investors bet on the company's expanding manufacturing capability and growing...
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Indian central bank likely steps in to defend rupee, traders say
The Reserve Bank of India likely intervened in the foreign exchange market on Monday, four traders told Reuters, as uncertainty over the Middle East conflict kept oil prices el...
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Rupee set to weaken after central bank curtails dollar inflow window
The rupee is set to open lower on Monday and will likely remain under pressure through the session after the central bank unexpectedly shortened by a month the deadline for its d...
India
WEEKAHEAD Indian rupee expected to be rangebound, bond traders await policy minutes
The rupee is expected to trade steady this week as interventions by the central bank could sap appetite to wager against the Indian currency, while bond traders await cues from the...
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Indian shares fall as crude remains at elevated levels
Indian shares were subdued on Monday, extending last week's cautious sentiment, as a lack of progress toward ending the Iran war kept crude oil prices elevated.
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India opens tax amnesty scheme for small taxpayers with undisclosed foreign assets
India's tax amnesty scheme for small taxpayers to declare certain undeclared foreign assets of up to 50 million rupees ($523,889) opens on Sunday and will be available until Dec...
India
Crusading India state food safety chief targets Eternal, Swiggy, Zepto in sweeping crackdown
Maharashtra state's food safety chief has intensified a crackdown on the food and grocery industries, suspending the permits of 12 warehouses of Indian grocery giants Eternal, Swi...
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India says mining tax curbs for states needed to prevent market fragmentation
India's government on Friday said uneven taxes on mineral rights and mineral-bearing lands raise domestic costs and fragment the national market, a day after it passed a bill to ...
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India opens nuclear sector to proven foreign technology under strict regulatory oversight
India has proposed a tightly supervised approval regime for private nuclear projects, opening the door to foreign reactor technologies with proven overseas track records while ...
India
India's Reliance to partner with Rolls-Royce on combat engine for fighter jets
Reliance Industries said on Friday it planned to partner with Britain's Rolls-Royce to develop and manufacture an engine for India's fighter jet programme, as the country aims to...
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