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India's Reliance Industries' Q2 profit likely to fall; stock up

BUZZ-PREVIEW - India's Reliance Industries' Q2 profit likely to fall; stock up ** Reliance Industries RELI.NS up 0.4% to 2,754.9 rupees ahead of Q2 results ** Analysts expect rev from ops to grow 0.9% y/y to 2.37 trln rupees ($28.2 bln), per LSEG data ** Peg profit at 165.61 bln rupees, down 4.8% y/y ** ICICI Securities expects RELI's oils-to-chemi
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Standard Chartered says India CEO Zarin Daruwala to retire on April 1

UPDATE 1-Standard Chartered says India CEO Zarin Daruwala to retire on April 1 Updates with details throughout Oct 9 (Reuters) - Standard Chartered's STAN.L India and South Asia CEO Zarin Daruwala will retire on April 1, 2025, the lender said on Wednesday. Standard Chartered will provide an update on Daruwala's successor "in due course," it said in a s tatement .
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Asset managers look to launch higher risk India investment plans after regulatory change

Asset managers look to launch higher risk India investment plans after regulatory change By Jayshree P Upadhyay MUMBAI, Oct 8 (Reuters) - Top Indian and global asset managers are firming up plans to launch higher risk investment products, after the country's markets regulator allowed fund houses to offer investors such options. Last month, the Securities and Exchange Board of India (SEBI) allowed asset management firms to offer riskier strategies, such as long-short equity and derivative-based p
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ICICI Bank Fully Redeemed Outstanding Notes Of $153.2 Million Under Global Term Note Programme

BRIEF-ICICI Bank Fully Redeemed Outstanding Notes Of $153.2 Million Under Global Term Note Programme Oct 7 (Reuters) - ICICI Bank Ltd ICBK.NS : ICICI BANK - FULLY REDEEMED OUTSTANDING NOTES OF $153.2 MILLION UNDER GLOBAL TERM NOTE PROGRAMME Source text for Eikon: ID:nBSEbPYmr4 Further company coverage: ICBK.NS
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India’s Swiggy tries enticing IPO bargain hunters

RPT-BREAKINGVIEWS-India’s Swiggy tries enticing IPO bargain hunters The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to add topic codes. By Shritama Bose MUMBAI, Sept 30 (Reuters Breakingviews) - A food delivery company is about to test the appetite of India's roaring stock market . SoftBank Group 9984.T and Prosus-backed PRX.AS startup Swiggy may target a valuation of up to $15 billion in its Mumbai initial public offering, Reuters reported last wee
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India's REC attracts hefty investor demand for rare bond issue

India's REC attracts hefty investor demand for rare bond issue By Dharamraj Dhutia and Bhakti Tambe MUMBAI, Sept 30 (Reuters) - India's REC RECM.NS witnessed strong demand for a rarely-used type of corporate bond, as investors flocked to the state-run firm's issuance which also provides a tax benefit, merchant bankers said on Monday. "The bond issue witnessed demand from across the segment including qualified institutional buyers, high network individuals, family offices and other such investors
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Profit-booking dulls Indian shares; Reliance, financials drag

BUZZ-Profit-booking dulls Indian shares; Reliance, financials drag ** India's Nifty 50 .NSEI and Sensex .BSESN fall over 1% each, as Reliance Industries RELI.NS and financial stocks drag ** Heavyweight Reliance down 2.5% , top drag on the benchmark index; analysts say drop in RELI due to price correction after recent rally ** Top-weighted Nifty fin
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India’s Swiggy tries enticing IPO bargain hunters

BREAKINGVIEWS-India’s Swiggy tries enticing IPO bargain hunters The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to add topic codes. By Shritama Bose MUMBAI, Sept 30 (Reuters Breakingviews) - A food delivery company is about to test the appetite of India's roaring stock market . SoftBank Group 9984.T and Prosus-backed PRX.AS startup Swiggy may target a valuation of up to $15 billion in its Mumbai initial public offering, Reuters reported last week, c
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Indian shares end off record highs; rise for third straight week

INDIA STOCKS-Indian shares end off record highs; rise for third straight week Updates at close By Manvi Pant BENGALURU, Sept 27 (Reuters) - Indian shares settled marginally lower on Friday as investors booked profits at the end of a week that saw the blue-chip indexes hit record highs every day. The benchmark Nifty 50 .NSEI ended 0.07% lower at 26,197.75 points, while the BSE Sensex .BSESN dropped 0.3% to 85,571.85. The indexes rose 1.5% and 1.2%, respectively, in their third straight week of ga
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Indian equity funds' cash holdings at 5-year high on caution over valuations

Indian equity funds' cash holdings at 5-year high on caution over valuations By Patturaja Murugaboopathy and Bharath Rajeswaran Sept 25 (Reuters) - Indian equity funds' allocation of cash relative to their asset size rose to a 5-year high at the end of August , as fund managers are worried about markets being too rich and other macroeconomic risks around U.S.
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Inox Wind Signs Consortium Agreement With Banks For 22 Bln Rupees Facilities

BRIEF-Inox Wind Signs Consortium Agreement With Banks For 22 Bln Rupees Facilities Sept 23 (Reuters) - Inox Wind Ltd INWN.NS : INOX WIND LTD - SIGNS CONSORTIUM AGREEMENT WITH BANKS FOR 22 BILLION RUPEES FACILITIES INOX WIND - CONSORTIUM OF 10 BANKS LED BY ICICI BANK, WITH HOST OF MARQUEE PVT, FOREIGN BANKS INOX WIND - CONSORTIUM AGREEMENT LIMIT LIK
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India economic, corporate events on September 19

DIARY- India economic, corporate events on September 19 BENGALURU, Sept 19 (Reuters) - Diary of India economic, corporate events on September 19. ECONOMIC, CORPORATE .BSE500 EVENTS: Start Date Start Time RIC Company Name Event Name 19-Sep-2024 16:30 ICCI.NS ICICI Securities Ltd ICICI Securities Ltd Annual Shareholders Meeting 19-Sep-2024 16:00 CAPG
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India's market watchdog chief is addressing conflict of interest claims, finmin says

RPT-India's market watchdog chief is addressing conflict of interest claims, finmin says Repeats with no changes to text NEW DELHI, Sept 16 (Reuters) - The head of India's market regulator and her husband are answering allegations of conflict of interest raised by the main opposition Congress party, and the facts have to be "taken on board", Finance Minister Nirmala Sitharaman said on Monday, Securities and Exchange Board of India chair Madhabi Puri Buch has faced criticism from U.S.
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India market regulator chief says she complied with all required disclosures

UPDATE 2-India market regulator chief says she complied with all required disclosures Buch denies conflict of interest allegations from Hindenburg and Congress Party Buch says she recused herself from matters related to ICICI Bank, Mahindra Group, and Dr. Reddy's Government silent on opposition's allegations; Congress to respond to Buch's statement Adds details throughout; context By Jayshree P Upadhyay MUMBAI, Sept 13 (Reuters) - The head of India's market regulator said on Friday she had compl
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India bond yields little changed; post flattish move for third week

INDIA BONDS-India bond yields little changed; post flattish move for third week By Dharamraj Dhutia MUMBAI, Sept 6 (Reuters) - Indian government bond yields closed nearly unchanged on Friday, steady for the third consecutive week with the benchmark anchored around 6.85%, as market attention shifts to U.S. economic data expected to influence potential rate cuts.
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Indian bond yields may track US peers lower

INDIA BONDS-Indian bond yields may track US peers lower By Dharamraj Dhutia MUMBAI, Sept 5 (Reuters) - Indian government bond yields are expected to open marginally lower on Thursday, as U.S. Treasury yields declined further after labour market data bolstered the case for a larger rate cut from the Federal Reserve later in the month. The benchmark 10-year yield IN071034G=CC is likely to move between 6.84% and 6.87%, compared with its previous close of 6.8579%, a trader with a private bank said.
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Indian markets regulator says unprofessional work culture claims 'misplaced'

RPT-UPDATE 2-Indian markets regulator says unprofessional work culture claims 'misplaced' Repeats Sept 4 story with no changes to text By Jayshree P Upadhyay MUMBAI, Sept 4 (Reuters) - India's markets regulator said on Wednesday that claims of an unprofessional work culture at its offices were "misplaced", responding to reports in the local media earlier in the day.
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Indian markets regulator says unprofessional work culture claims 'misplaced'

RPT-UPDATE 2-Indian markets regulator says unprofessional work culture claims 'misplaced' Repeats Sept 4 story with no changes to text By Jayshree P Upadhyay MUMBAI, Sept 4 (Reuters) - India's markets regulator said on Wednesday that claims of an unprofessional work culture at its offices were "misplaced", responding to reports in the local media earlier in the day.
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India markets regulator says unprofessional work culture claims 'misplaced'

UPDATE 2-Indian markets regulator says unprofessional work culture claims 'misplaced' Adds comments from SEBI statement in paragraphs 4, 11; background on SEBI chair in paragraphs 6-10 By Jayshree P Upadhyay MUMBAI, Sept 4 (Reuters) - India's markets regulator said on Wednesday that claims of an unprofessional work culture at its offices were "misplaced", responding to reports in the local media earlier in the day.
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India's Signatureglobal rises as ICICI Securities hikes price target

BUZZ-India's Signatureglobal rises as ICICI Securities hikes price target ** Shares of Signatureglobal (India) SIGT.NS rise as much as 2.1% to 1,440.1 rupees ** ICICI Securities hikes PT on stock to 1,905 rupees from 1,707 rupees; new PT at a 35% premium on stock's last close ** Brokerage retains "buy" rating, adds that real estate firm may clock 1
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