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Sep 19, 2014

India’s largest investor LIC takes bullish view of Modi’s India

MUMBAI, Sept 18 (Reuters) – The chairman of India’s largest
investor, Life Insurance Corporation of India (LIC), said on
Thursday he saw few red flags ahead, betting on a long-term
rally for the country’s stock market under a new pro-business
government.

India’s equity market has outperformed emerging market
rivals this year, thanks to overseas fund interest fuelled by
Prime Minister Narendra Modi, who came to power in May with a
pledge to boost growth and revive investment. After months of
caution, domestic investors are now also growing more confident.

Sep 18, 2014

LIC chairman bullish on Indian markets

MUMBAI (Reuters) – Life Insurance Corporation of India (LIC) Chairman S. K. Roy said he was “very bullish” about the banking, pharmaceutical, metals and IT outsourcing sectors because of expectations for a cyclical recovery and a stabilising rupee currency.

LIC, India’s most powerful investor, is also positive on the capital goods sector, Roy told Reuters in an interview at his office in Mumbai.

Aug 5, 2014

India central bank keeps repo rate unchanged, cuts SLR for banks

MUMBAI (Reuters) – India’s central bank kept its key policy repo rate unchanged on Tuesday as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices.

The Reserve Bank of India also announced measures to free up resources for banks to lend, a priority for Prime Minister Narendra Modi’s government as it seeks to encourage investment in order to put momentum back in sluggish economic growth.

Aug 5, 2014

RBI keeps repo rate unchanged, cuts SLR for banks

MUMBAI (Reuters) – The RBI kept its key policy repo rate unchanged on Tuesday as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices.

The Reserve Bank of India also announced measures to free up resources for banks to lend, a priority for Prime Minister Narendra Modi’s government as it seeks to encourage investment in order to put momentum back in sluggish economic growth.

Aug 5, 2014

India cbank keeps repo rate unchanged, cuts SLR for banks

MUMBAI, Aug 5 (Reuters) – India’s central bank kept its key
policy repo rate unchanged on Tuesday as widely expected, but
warned about inflationary risks should a shortfall in monsoon
rains spark a surge in food prices.

The Reserve Bank of India also announced measures to free up
resources for banks to lend, a priority for Prime Minister
Narendra Modi’s government as it seeks to encourage investment
in order to put momentum back in sluggish economic growth.

Aug 4, 2014

RBI seen holding rates steady, sounding less dovish

MUMBAI (Reuters) – The Reserve Bank of India is expected to keep interest rates steady while adopting tougher rhetoric on inflation at a policy review on Tuesday due to growing concerns that disappointing monsoon rains will lead to a surge in food prices.

RBI Governor Raghuram Rajan will also likely reiterate his warning about the potential destabilising impact of outflows from emerging markets should the U.S. Federal Reserve increase interest rates earlier than expected.

Aug 4, 2014

India central bank seen holding rates steady, sounding less dovish

MUMBAI, Aug 5 (Reuters) – India’s central bank is expected
to keep interest rates steady while adopting tougher rhetoric on
inflation at a policy review on Tuesday due to growing concerns
that disappointing monsoon rains will lead to a surge in food
prices.

Reserve Bank of India Governor Raghuram Rajan will also
likely reiterate his warning about the potential destabilising
impact of outflows from emerging markets should the U.S. Federal
Reserve increase interest rates earlier than expected.

Jul 3, 2014

BSE halted trading for three hours due to network outage

MUMBAI (Reuters) – India’s second-biggest exchange operator BSE Ltd halted trading across all its markets for about three hours on Thursday due to a network outage, marking the fourth time this year the bourse has suffered from technical problems.

The latest trading disruption at BSE Ltd raised concerns about the sturdiness of the systems at a bourse that runs the BSE index, or the Sensex, considered the benchmark share index in India.

Jul 3, 2014

India’s BSE exchange halts trading due to network outage

MUMBAI, July 3 (Reuters) – India’s second-biggest exchange
operator BSE Ltd halted trading across all its markets for about
three hours on Thursday due to a network outage, marking the
fourth time this year the bourse has suffered from technical
problems.

The latest trading disruption at BSE Ltd raised concerns
about the sturdiness of the systems at a bourse that runs the
BSE index, or the Sensex, considered the benchmark
share index in India.

Jun 6, 2014

Indian regulator may probe Credit Suisse in insider trading case

MUMBAI (Reuters) – India’s stock market regulator may investigate the domestic unit of Credit Suisse Group to determine whether price sensitive information about a share deal that the authority has ruled to be insider trading was leaked by the investment bank.

The Securities and Exchange Board of India (SEBI) on Thursday accused Hong Kong-based multi-asset fund Factorial Capital Management Ltd of shorting L&T Finance Holdings Ltd before the announcement of a share sale in mid-March.

    • About Rafael

      "Rafael Nam is the Chief Markets Correspondent for India, overseeing markets and chat room coverage across stocks, debt and fixed income. He has recently started tweeting at @rafaelnam"
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