Indian Rupee Opens Stronger at 85.76 Against the US Dollar 3 hrs ago
The Indian rupee opened at 85.76 against the US dollar, strengthening from the previous close of 85.91. The marginal appreciation of 0.15 units signals a firmer start for the domestic currency in early trade.
India 10-Year Benchmark Government Bond Yield Eases to 6.76% 3 hrs ago
Nippon Life India AMC Concall Update: Management Guidance on Expenses, SIF Launches, and DWS Joint Venture 5 days ago
Nippon Life India Asset Management's concall update outlined management guidance across strategic and financial parameters. The company is ready for SIF product launches with differentiated offerings and expects the DWS JV to draw more European capital to India. ESOP expenses for FY '27 are estimated at approximately INR 60 crores, while other expenses are projected to grow 18% to 20% over the next six to eight quarters due to technology and digital investments. The overall yield is expected to decline by 1 to 2 basis points year-on-year as equity AUM increases.
Canara Robeco AMC Outlines Yield Targets, Product Strategy, and Cost Discipline in Management Commentary 5 days ago