Foreign portfolio investors (FPIs) remained net buyers to the tune of Rs 12,266 crore in the Indian market in the first five trading sessions of February, as positive sentiment post-Union Budget 2021 sparked a rally in investment.
"The unfair and discriminatory" rules have drawn sharp criticism from the Indian Olympic Association, which has written to the Games' organising committee requesting it to ensure that mechanisms to prevent COVID-19 do not have any "adverse and detrimental impact" on performance of athletes.
India conceding ground to bring only top 100 digital companies like Google, Facebook, and Netflix into the global taxation pact may have revenue implications. This will mean that New Delhi will have to withdraw the contentious 2 per cent equalisation levy on e-commerce operators by 2023. This may have revenue implications for India, experts pointed out, as the equalisation levy has a much lower annual revenue threshold of Rs 2 crore (euro 0.2 million) as against euro 20 billion agreed by 130 countries at the Organization for Economic Cooperation and Development (OECD). India, along with other developing countries, was pitching for at least euro 1 billion threshold to cover at least 5,000 global entities. India collected Rs 2,057 crore from the equalisation levy in 2020-21, an 85 per cent growth over Rs 1,136 crore in the previous fiscal.
Petrol price on Tuesday breached the Rs 85 a litre mark in the national capital and diesel neared record high after rates were raised for the second consecutive day. Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies. This took the petrol price in Delhi to Rs 85.20 per litre and to Rs 91.80 in Mumbai. Diesel rate climbed to Rs 75.38 a litre in the national capital - just shying away from its record high - and to an all-time high of Rs 82.13 in Mumbai, the price data showed.
Of the 4.10 crore to be shared through COVAX, 1.40 crore will go to Latin America and the Caribbean nations and 1.60 crore to Asia.
Has a distinguished poet's memory been sullied, asks K Kunhikrishnan?
Axis Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Sun Pharma, Reliance Industries, ONGC, HDFC, ICICI Bank, Kotak Bank and Bharti Airtel. On the other hand, Infosys, IndusInd Bank, HCL Tech, Nestle India and Tech Mahindra were among the laggards.
The legendary Sachin Tendulkar says the current England team is in complete awe of India's world-class seam attack with only its skipper Joe Root looking capable of getting a big hundred.
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
'Gold could benefit from the resulting risk aversion, as happened last year.'
Bharti Airtel was the top gainer in the Sensex pack, rising around 3 per cent, followed by HUL, HDFC, ITC, IndusInd Bank, SBI, Sun Pharma, ONGC, Tech Mahindra, L&T and Asian Paints. On the other hand, Kotak Bank, Nestle India, Tata Steel, Bajaj Finance and HDFC Bank were among the laggards.
'The challenge will be to keep getting myself in positions to make big hundreds. I've got to keep taking them.'
WhatsApp has drawn massive criticism from users globally, including India over concerns that data was being shared with its parent company, Facebook. WhatsApp, on its part, has maintained that messages on the platform are end-to-end encrypted and that neither WhatsApp nor Facebook can see the private messages on WhatsApp's platform.
Kapil Dev was discharged from a city hospital, two days after undergoing angioplasty following a heart attack.
Mohammad Shami says he is back to full fitness and looking forward to making another signification contribution for Punjab Kings in the IPL
Prime Minister Narendra Modi briefed the BJP MPs on the government's plans to celebrate 75 years of the nation's Independence during the parliamentary party meeting.
Karnataka pacer Prasidh Krishna, all-rounder Krunal Pandya and Suryakumar Yadav earned their maiden ODI call-ups on Friday as selectors picked the trio in India's 18-member squad for the upcoming three-match series against England.
Indian and global airlines such as SpiceJet, Emirates, Virgin Atlantic among others too are marketing Covid-19 insurance products to attract passengers.
Several former players, including India's Harbhajan Singh and VVS Laxman, on Thursday said that the turning Motera pitch, on which India defeated England by 10 wickets inside two days, was not ideal for Test cricket, an opinion that was not shared by the legendary Sunil Gavaskar.
India's e-commerce market is poised to grow by 84 per cent to $111 billion by 2024 on the back of accelerated adoption of digital technologies amid the COVID-19 pandemic, a report by fintech firm FIS said on Wednesday. The report noted that countries, including India, have seen a shift in consumer behaviour caused by COVID-19, and new payment trends are shown to be on the rise. FIS, in its 2021 Global Payments Report, examined current and future payment trends across 41 countries. India's e-commerce market is projected to grow by 84 per cent between now and 2024 to about $111 billion (from about $60 billion in 2020) driven by mobile shopping, which is projected to grow 21 per cent annually over the next four years, the report said.
'India has to ensure its borders are properly sealed and there is no infiltration from PoK.
Petrol price in the national capital neared the Rs 85 a litre mark while diesel rates in Mumbai were close to Rs 82 as fuel prices were raised by 25 paise per litre each on Monday. Petrol now costs a lifetime high of Rs 84.95 per litre in Delhi while diesel comes for Rs 75.13, according to a price notification from oil marketing companies. The price hike on Monday came after three days of unchanged rates. Prices were last hiked by 50 paise a litre in two instalments on January 13 and 14.
Google's email service, Gmail, is facing a disruption in service since Thursday morning, affecting some users in various parts of the world.
Foreign portfolio investors (FPI) remained net buyers in Indian markets in October so far, pumping in a net Rs 17,749 crore in the month as better than expected quarterly results, the opening of the economy, and resumption of business activities kept investors' interest intact. In equities, FPIs invested a net sum of Rs 15,642 crore and the debt segment saw an inflow of Rs 2,107 crore during October 1-23, the depositories data showed. The total net investment during the period under review stood at Rs 17,749 crore.
In the conversation, President Trump extended an invitation to Modi to attend the next G-7 summit to be held in the US, the Ministry of External Affairs said. On Saturday, Trump pitched for expansion of the G7 comprising the world's most advanced economies by including India and three other countries.
'It is a testing time for our foreign policy which may involve a certain element of taking risks, assessing costs, and expecting failures,' asserts Commodore Venugopal Menon (retd).
Like the UK variant identified earlier, the new variant of the novel coronavirus is also driving a massive resurgence of the disease in South Africa, with experts warning the country is probably facing a much larger second wave.
'Rising Covid cases and localised lockdowns are being closely monitored.'
After dropping Chinese sportswear company Li Ning as India's Olympic kit sponsor, Sports Minister Kiren Rijiju on Wednesday said the country's athletes will not wear branded apparel in the upcoming Tokyo Games even as the Indian Olympic Association (IOA) claimed that the search is on for a new partner.
A US Congress-constituted quasi-judicial body on Wednesday asked the Joe Biden Administration to designate four nations, including India, as "countries of particular concern", alleging that religious freedom conditions there in 2020 continued their negative trajectory.
COVAX, 'the global COVID vaccine equity scheme', has so far delivered 65 million doses to 124 countries and economies but it is dependent on countries and manufacturers honouring their commitments.
A notice issued to the foreign journalists on Wednesday said they can get the Inactivated SARS-CoV-2 Vaccine, developed by Sinopharm's China National Biotec Group. Sinopharm's COVID-19 vaccine has been granted conditional market approval by China's National Medical Products Administration.
Its revenue grew 8.5 per cent to Rs 23,665 crore in the quarter under review from Rs 21,803 crore in the corresponding period last fiscal.
Pakistan will buy sugar and cotton from India, newly appointed Finance Minister Hammad Azhar announced on Wednesday, lifting a ban on their import from the neighbouring country imposed in the wake of heightened tension over Kashmir in 2019. The decision was taken at the meeting of the economic coordination committee (ECC), which was chaired by Finance Minister Azhar.
sharper-than-expected economic recovery back home, analysts say, can fuel a further rally in domestic cyclicals, industrials, and financials as global central banks continue with their easy money policy.
Referring to a judgement, the top court asked authorities not to arrest mechanically in cases where the maximum sentence is up to seven years of jail term.
Langer said the fightback after the Adelaide debacle was nothing short of remarkable especially after injury-forced ouster of big players like Jasprit Bumrah and Ravindra Jadeja.
Describing India as one of the most important partners of the United States in the Indo-Pacific region, the Biden Administration on Tuesday said that it welcomes India's emergence as a leading global power and its role as a net security provider in the region.
All 13 members of the Chennai Super Kings contingent, who tested positive for COVID-19 early last week, have come out negative in the latest tests, the IPL team's CEO K S Viswanathan said on Tuesday.
Foreign portfolio investors (FPI) have pumped in a net sum of Rs 49,553 crore in Indian markets this month so far on back of high liquidity coupled with improving global indicators and clarity after the US presidential elections. FPIs invested Rs 44,378 crore in equities and Rs 5,175 crore in the debt segment, taking the total net investment to Rs 49,553 crore between November 3-20. In October, FPIs invested a net sum of Rs 22,033 crore.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances