Foreign investors have pulled over Rs 6,400 crore from the Indian equity market in the first four trading sessions of the ongoing month when the Reserve Bank of India (RBI) and US Federal Reserve raised interest rates. Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs' flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities, said. Foreign Portfolio Investors (FPIs) remained net sellers for seven months to April 2022, withdrawing a massive amount of over Rs 1.65 lakh crore from equities. This was largely on the back of anticipation of a rate hike by the US Federal Reserve and due to the deteriorating geopolitical environment following Russia's invasion of Ukraine.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
Former chancellor Rishi Sunak convincingly won over an audience of Conservative Party members in a head-to-head television debate with rival Foreign Secretary Liz Truss in the leadership contest to elect a new Tory party leader and British prime minister.
India will be keen to go one step ahead and claim the title that has eluded them
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
IMAGES from the English Premier League matches played on Sunday.
The country's foreign exchange reserves surged to $576.98 billion as on March 31, 2021 from $544.69 billion at September-end last year, an RBI report said. Foreign currency assets (FCA), a major component of the overall reserves, increased to $536.693 billion as at March-end 2021 from $502.162 billion, the report noted. On balance of payments basis (excluding valuation changes), foreign exchange reserves increased by $83.9 billion during April-December 2020 as compared with $40.7 billion in the year-ago period, it said.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
Ishan Kishan's Rs 15.25 crore winning bid from Mumbai Indians bettered the Rs 14 crore figure that Chennai Super Kings paid to retain Deepak Chahar.
When it comes to running between the wickets -- which is exactly what an FM and a governor do -- Jadeja always defers to Dhoni's larger judgement of the situation and the needs of the team, observes T C A Srinivasa-Raghavan.
The 21-year-old Essex all-rounder, who made his one-day international debut against Australia in the recent series, is the surprise inclusion.
The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday. The forex reserves were at $576.98 billion at end-March 2021. The Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves.
India has much to be proud of and celebrate. But there is also much that is wrong, much that looks dangerous. Employment, current account deficit, rural distress, agricultural productivity are all in deep crisis, points out Shekhar Gupta.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
Thousands lined the route to catch a glimpse as Queen Elizabeth II's coffin, seen in public for the first time, made its journey on Sunday from Balmoral Castle in Aberdeenshire to arrive at the late monarch's official Scottish residence of Holyroodhouse Palace in the capital city of Edinburgh.
England should instead celebrate the fact that, among all speculation, intimation and finally confirmation, Kevin Pietersen made it absolutely clear that he wants to carry on as a player.
Olonga wasn't a cricketing great, not even Zimbabwe's best during the golden era of the country's cricket, but the beaded hair, a slinging action and a mean bouncer to get Sachin Tendulkar out on a lifeless Sharjah track made him a household name in India.
After spending around seven weeks inside the bio-bubble in India, the 23-year-old Bess is currently involved in the county season, looking to rediscover his form with Yorkshire.
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
Akhtar said that India don't need to be scared as they can beat England on fair pitches.
'The prospects for both India and the global economy is that we are headed towards a very difficult time.' 'I see very uncertain at least 8-10 months for both India and the rest of the world.'
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
Asked about his fleet of luxury cars and other references to his lavish lifestyle as the counsel for the banks cross-examined him, the Reliance Communications chief dismissed them as "speculative" media stories.
Idiocy is the source of Heropanti 2's outdated thrills, observes Sukanya Verma.
Virat Kohli said not being able to contribute to the team's cause and his failure to live up to his own expectations bothered him the most during his prolonged lean patch in IPL 2022.
HCL Tech was the top gainer in the Sensex pack, rallying around 5 per cent, followed by Tech Mahindra, Infosys, PowerGrid, Sun Pharma, L&T and Nestle India. NSE Nifty climbed 137.90 points or 1.03 per cent to 13,466.30.
Australian opener Ben McDermott and West Indies all-rounder Romario Shepherd are banking on their recent impressive performances to bag a maiden IPL deal, having gone unsold in the previous seasons of the lucrative T20 league.
A round-up of Tuesday's action in the UEFA Champions League.
The construction work for the first phase of the stadium is likely to take 24 to 30 months.
The dispute between RCom and Chinese banks led by ICBC started after Anil Ambani led company defaulted on its loans to Indian as well as Chinese banks. A British court on May 22 asked Ambani to pay nearly $717 million to three Chinese banks within 21 days.
What is killing the risk appetite of the bond buyers is the inconsistency in the central bank's approach. It needs to allow the yield to find its own level, gradually. To ensure that, the RBI may adopt a similar approach with which it handles a slipping rupee, asserts Tamal Bandyopadhyay.
South Africa skipper Faf Du Plessis says his team's batting firepower is dangerous for the rivals at the World Twenty20 as they gear up to clash with England, in Mumbai on Friday. Du Plessis said the team has enjoyed success at the Wankhede stadium and those good memories will spur them on to put up another good show. "Definitely, AB (De Villiers) is in good form at the moment and playing some good cricket. And past performances play a massive role when you come to the ground. As few of us did well against India in the final match in ODI series (played at the Wankhede stadium), and you use that to reflect on and try to repeat that performance," Du Plessis told reporters at the pre-match media conference. He said not only AB de Villiers but other batsmen in the side are also in good form. "Looking forward to see what AB (De Villiers) does for us in the tournament, but as I mentioned we have a few guys who are looking good and whole batting line up looks in good form and it is a dangerous sign for the opposition, it's just about putting together on the day," Du Plessis said.
A summary of sports events and sports persons, who made news on Sunday
Wounded VfL Wolfsburg, who drew 1-1 with Hanover 96 on Saturday after being crushed 5-1 by Bayern Munich last week, will meet Manchester United in Wednesday's Champions League game.
Umran was a net bowler during India's last World T20 campaign in the UAE.
All rounder Chris Cairns will end his Test career at Trent Bridge where the third and final Test starts on June 10.
England all-rounder Ben Stokes could face disciplinary action after a foul-mouthed row with a spectator after his dismissal in Friday's fourth Test against South Africa at The Wanderers. Stokes was shown on television exchanging insults with a middle aged man as he walked off the field after being caught cheaply for two runs in England's first innings on the opening day of the fourth Test at the Johannesburg venue, known as 'the bullring' for its often hostile atmosphere.
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