IRDAI warns brokers on deal rush
“We have been witnessing record activity among brokers and other distribution intermediaries,” said Satyajit Tripathy, member (distribution), IRDAI, at an Insurance Brokers Association of India event. “While this is fine by all means, I must add a word of caution that with increased growth being seen, we need not be adopting what we call as […]
India’s equity indices fall for fourth consecutive week amid weak earnings
Indian equity indices experienced a nearly 1% decline on Friday, marking the fourth consecutive week of losses, influenced by disappointing earnings from major companies and cautious sentiment in Asian markets. The NSE Nifty concluded at 24,837.00, while the BSE Sensex closed at 81,463.09. Investors are also showing concern about the potential impact of the India-US […]
Dixon’s JV with Chinese firm gets govt nod, other Indian companies may follow
Indian electronics companies are now eager to collaborate with Chinese firms. This follows the government’s approval of Dixon Technologies’ joint venture. Epack Durable and others are considering similar partnerships. The move signals a potential easing of restrictions on Chinese investment. This is crucial for India’s electronics component manufacturing scheme.
RBI’s oversubscribed VRRR auction signals strong bank participation amid falling overnight rates
The variable rate reverse repo auction saw strong demand. Banks chose to deposit funds with the Reserve Bank of India. This happened amidst a decrease in overnight money market rates. The central bank intervened to maintain rates around the policy repo rate. Lower auction size and liquidity expectations drove higher participation. The weighted average call […]
10 year yield spikes amid a decline in bets on August rate cut
India’s 10-year bond yields rose to 6.37% after RBI Governor Sanjay Malhotra emphasized price stability, cooling hopes of an August rate cut despite low inflation data.
India ensures safeguards for sensitive sectors in UK FTA
India and the UK have formalized a trade agreement, offering immediate duty-free access to a quarter of UK exports while safeguarding sensitive sectors like dairy and strategic industries. Concessions for other products will be phased in over several years, with specific rules of origin to prevent transshipment.