FTSE Russell has said India will remain on its consideration watch list for inclusion in the FTSE Emerging Markets Government Bond Index, with managers of the investing benchmark citing criteria the domestic debt market does not yet satisfy for inclusion in the gauge. There are criteria for a Market Accessibility Level of 1 the market does not satisfy, including the documentary requirement.
Open FlipMumbai: South Africa based Sanlam Life Insurance Co, part of the promoter group in Shriram Finance, has sold 59.8 lakh shares worth ₹1,426.83 crore on the NSE in a bulk deal Thursday. The company held about 75.37 lakh shares, or 2.01%, stake in Shriram Finance as of December 2023. The shares were bought by promoter Shriram Value Services at ₹2,386 apiece.
Open FlipThe Reserve Bank of India's Monetary Policy Committee will keep the repo rate unchanged at 6.50 percent in its meeting on April 5, said Madan Sabnavis, chief economist at Bank of Baroda. The RBI has kept the repo rate unchanged since April 2023. In an exclusive interview with Moneycontrol, Sabnavis said the RBI will not change its stance as there may be less reason to believe it.
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