Foreign Portfolio Investors (FPIs) have pumped Rs 47,148 crore in the Indian equities in June, making it the highest inflow in 10 months, enthused by the country's steadily improving macroeconomic fundamentals. However, inflows in July may be subdued as FPIs might adopt cautious stance due to the recent comments from the US Federal Reserve, Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said. Besides, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said FPIs are likely to turn a bit cautious going forward as valuations in the country are rich from a short-term perspective.
Sugar prices are hovering near six-year highs, leaving a bad taste in Indian consumers' palates but sweetening the portfolios of investors in related stocks at Dalal Street. Shares of sugar manufacturers such as Piccadily Agro, DCM Shriram, Magadh Sugar, and Bajaj Hindustan have rallied up to a whopping 200 per cent so far in the financial year 2024 (FY24) as deficient monsoon rains in major sugarcane producer states like Maharashtra and Karnataka are expected to lead to a shortfall in sugar output ahead. In comparison, the BSE Sensex has modestly gained 11 per cent during this period.
The Delta variant of COVID-19, or the B1.617.2 variant of concern (VOC) first identified in India, is about 60 per cent more transmissible than the Alpha strain identified in the United Kingdom and also reduces the effectiveness of vaccines to some extent, UK health experts report.
Max Verstappen added his name to the list of triple Formula One World champions on Saturday after Red Bull team mate and sole title rival Sergio Perez crashed out of the Qatar Grand Prix sprint race.
"I'm just extremely grateful that I'm here, and tonight I'm going to call my family and all my loved ones. I passed two metres from that crane. If, I had been two metres to the left, I would have been dead."
'Certain groups should be more cautious, especially the 60-plus population, and the population which suffer from co-morbidities like diabetes and hypertension.'
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
The Indian Space Research Organisation (ISRO) on Thursday announced that its lunar mission Chandrayaan-3 will be launched on July 14 from the space port at Sriharikota in Andhra Pradesh.
Summer days are great for an indulgent sweet treat that can be topped with walnuts and rose petals.
Belgian Jasper Philipsen took second place with France's Christophe Laporte finishing third, eight seconds behind.Overall, Van Aert leads compatriot Yves Lampaert (Quick Step Alpha Vinyl) by 25 seconds and defending champion Tadej Pogacar (UAE Emirates) by 32.
Glimpses of what the historic Chandrayaan Mission discovered on the dark side of the Moon.
The Chandrayaan-3 mission that aims for a soft landing on the moon's surface, paving the way for future interplanetary missions, carries six payloads that would help ISRO understand the lunar soil and also get the blue planet's photographs from the lunar orbit.
Portfolio management services (PMS), catering to higher networth individuals (HNIs), are facing tough competition from emerging alternative investment funds (AIFs), evident from their dwindling client base. In May, the number of clients for the industry stood at 125,390, down 20,528 in two months, shows data from the Securities and Exchange Board of India (Sebi). "PMS managers also have a high active ratio, which means their portfolios are quite differently positioned and more actively managed, compared to the benchmark, which is also a highlight for long-term investors.
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
However, the "good news" is that the US vaccines are effective against the Delta variant, said Fauci, the head of the National Institutes of Allergy and Infectious Diseases.
Ferrari's Charles Leclerc secured pole position for the Singapore Grand Prix on Saturday after a furious Max Verstappen was forced to abandon his fastest lap for fear of running out of fuel.
Ferrari's Carlos Sainz won the Singapore Grand Prix on Sunday to end Formula One leader Max Verstappen's record run of 10 wins in a row.
Max Verstappen won Red Bull's home Austrian Grand Prix from pole position and with the fastest lap on Sunday for the team's 10th successive Formula One victory and ninth in nine races this season.
Red Bull's Max Verstappen qualified comfortably faster but dropped five places for a gearbox change.
Seven times world champion Lewis Hamilton was seventh for Mercedes and Lance Stroll collected the final point for Aston Martin.
This is the sixth of seven ships built under 'Project 17 Alpha' for the Navy. The first five ships of the project were launched between 2019 and 2022.
Formula One and the championship-leading Red Bull team mourned the death of the energy drink company's Austrian founder Dietrich Mateschitz on Saturday at the age of 78.
Copenhagen is known as the world's most bike-friendly city but the stage was anything but as rain led to slippery conditions -- especially on the cobblestones -- where a couple of riders crashed.
The rapid surge in cases during Delhi's fourth COVID-19 wave was mainly driven by the Delta variant, which likely has immune-evasion properties and counted for 60 per cent of the cases in April, according to a new study.
Taking a cue from success of Mahindra and Renault sports utility vehicles, Maruti Suzuki plans to launch two compact SUVs.
It was Hamilton's first pole position since Saudi Arabia in December 2021.
ICICI MF recently filed for an ETF that will track the Nifty Alpha Low-Volatility 30 Index. It is part of the suite of smart-beta indices with the NSE, with the portfolio designed using a combination of two factors.
Vaccines Covishield and Covaxin work against SARS-CoV-2 variants Alpha, Beta, Gamma and Delta, while effectiveness tests against the Delta Plus variant is ongoing, the government said.
Reagan, who denounced the then USSR as the 'evil empire', was won over by the charm of the Soviet Union's final leader, Mikhail Sergeyevich Gorbachev.
Shares of asset management companies (AMCs) have rallied in the last 3-4 sessions due to clarity on regulatory changes in total expense ratios (TER) and expectations that it won't upset profits much in the long run. HDFC AMC has gained over 12 per cent in the last four sessions, while Nippon AMC and UTI AMC are up around 5 per cent. Aditya Birla Sun Life (ABSL), the only other listed AMCs, has risen more than 2.3 per cent in the last four sessions.
'...over the long-term can be done only by investing in equities.' 'And during weak macros, one needs t1o allocate more than drawing it down, because they offer the best entry point.'
The Royal Observatory Greenwich has announced the shortlisted images of the 2022 Astronomy Photographer of the Year!
Hamilton said he had not been feeling well on Thursday and Friday, when he was also up until midnight working with his engineers.
Over longer periods of three, five and 10 years, small-cap funds have rewarded their investors handsomely.
Max Verstappen won the season opener as Red Bull registered a dream start with a one-two finish at the Bahrain GP.
Charles Leclerc seized pole position for the Italian Formula One Grand Prix and sent Ferrari hopes soaring on Saturday while Mercedes' George Russell joined him on the front row once penalties were applied.
The Saudi Arabian Grand Prix is the penultimate race on this year's Formula One calendar
Actively managed mutual fund (MF) schemes had been at the receiving end over the past few years for their inability to beat their benchmarks. However, the slump in shares of Adani Group companies - two of which are part of the benchmark National Stock Exchange Nifty50 index - have helped them improve their performance vis--vis exchange-traded funds (ETFs) or index funds.
As India witnessed the highest number of Covid cases in over four months, former All India Institute of Medical Sciences (AIIMS) director Dr Randeep Guleria on Wednesday said the new XBB.1.16 variant could be driving the recent rise but emphasised there was no need for panic as long it does not cause severe illness and deaths.
Lander Module of Chandrayaan-3 spacecraft comprising the lander and rover has successfully separated from the Propulsion Module, Indian Space Research Organisation said on Thursday.
