Ashutosh Joshi

2 days ago | bloomberg.com | Subhadip Sircar |Ashutosh Joshi |Menaka Doshi

India’s central bank will cut its benchmark interest rate by a quarter-percentage point Friday on the back of easing inflation to support growth, some of the country’s leading fund managers who together oversee over $73 billion in assets said on Tuesday. Axis Asset Management Co. expects the current easing cycle to end with the repo rate at 5.5% while Kotak Mahindra Asset Management Co. said the rate could go as low as 5%.

3 days ago | bloomberg.com | Ashutosh Joshi |Dave Sebastian

The National Stock Exchange in Mumbai. Photographer: Dhiraj Singh/Bloomberg(Bloomberg) -- A spate of block trades has pushed India’s cash equity trading value to a nearly seven-month high. Daily turnover has reached almost $14 billion, the highest since early November, according to data compiled by Bloomberg. The revival follows a drop to below $11 billion in early March, when significant foreign fund outflows pushed local shares to multi-month lows.

1 week ago | bloomberg.com | Ashutosh Joshi

(Bloomberg) -- Early monsoon Alcohol companiesONGC’s ambitionsGood morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Local equities are likely to open strong, thanks to the weakness in the dollar and the US delaying its tariffs on the EU. Asian stocks are trading higher, which will also support sentiment. Investors will be monitoring India’s GDP data due later this week to assess the strength of economic recovery.

1 week ago | flipboard.com | Ashutosh Joshi

NowFTSE Index Rejig: Hyundai, NTPC Green, Swiggy, Waaree Energies To Join Largecap SegmentITC Hotels—a recent demerger from the diversified ITC group—will move from the largecap to the midcap segment FTSE Index Rejig June: Hyundai Motor …1 hour agoIndia’s supplements wild west; Payments firms’ SaaS playHappy Monday! As over-the-counter health supplements are increasingly available online, concerns arise about their efficacy and regulation. This and …

1 week ago | bloomberg.com | Faseeh Mangi |Ashutosh Joshi

(Bloomberg) -- Pakistan has allocated 2,000 megawatts of electricity in the first phase of a national push to support Bitcoin mining and AI data centers, as the country moves to legalize cryptocurrency and attract foreign investments. The initiative, led by the Pakistan Crypto Council, will also help monetize surplus energy and create high-tech jobs, the finance ministry said in a statement.