Topic
emerging markets
Bloomberg Launches Electronic Trading System for Indian Government Bonds, Opening Market to Global Investors
Bloomberg has launched a new electronic trading system that allows global investors to buy and sell Indian government bonds more easily, completing its first fully-electronic trade. The system connects foreign portfolio investors to India's official bond platform NDS-OM through the Bloomberg Terminal, replacing manual processes and improving efficiency.
Indian Consumer Giants Boost Africa Investments as Beverages and Hair Care Drive Growth
Indian consumer goods companies are significantly increasing investments in Africa, shifting from market entry to large-scale operations. Beverages, hair care, and personal care sectors are driving robust growth, with companies like Dabur, Marico, GCPL, and Varun Beverages reporting strong earnings. Executives cite young demographics, urbanisation, and underpenetrated markets as long-term growth drivers.
Rupee Strengthens as RBI Unveils Measures Amid Middle East Tensions
The Indian rupee appreciated by 50 paise to 95.24 against the US dollar following the RBI's announcement of measures to attract foreign capital. These steps aim to bolster India's balance of payments and support the rupee amid Middle East tensions.
India's Investment Appeal Strong Amid Volatility: BofA Chief
Bank of America's India CEO, Vikram Sahu, emphasizes the enduring interest in India from strategic investors despite current market volatility. He notes that while foreign institutional investor participation is low, the fundamentals remain strong, with potential growth in manufacturing.