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Jan 19: Results for today

  • Jan 19: Results for today

    Jan 19: Results for today

  • Nippon to pay Rs 1,335 cr to RCap

    A shareholder speaks on a mobile phone while attending the annual general meeting of Reliance Capital in Mumbai

    Japan's Nippon Life Insurance said on Thursday it has agreed to buy a 26% stake in a fund management unit of Reliance Capital for about $290 mn as Japanese insurers accelerate a push to tap Asia's emerging economies.

    Reliance Capital, controlled by billionaire Anil Ambani, agreed in March last year to sell a 26% stake in its life insurance business Reliance Life Insurance to Nippon Life for $680 million, valuing the business at $2.6 bn.

  • Food inflation stays -ive

    A vendor sits among piles of radishes at a wholesale vegetable market in Chandigarh

    India's food price index declined 0.42% in the year to January 7, government data on Thursday showed, compared with an annual drop of 2.9% in the previous week.

    The fuel price index climbed an annual 14.45%, the same as the week before.

    The primary articles price index was up 2.47%, compared with an annual rise of 0.51% a week earlier.

  • Asia growth to slow

    Construction workers smoke on a bridge in front of a residential site in Shanghai

    Asia's economic growth will get worse before it gets better, with China and India seen expanding this year at their slowest pace since the tail-end of the global financial crisis in 2009, prompting central banks to remain accommodative, a Reuters poll showed on Thursday.

    Surveys of more than 250 economists across Asia, excluding Japan, found significant downgrades to growth estimates when compared with the previous poll conducted in October.