P-notes are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to Securities and Exchange Board of India (Sebi) data, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- stood at Rs 90,580 crore at April-end, compared to Rs 87,979 crore in March.
HSBC's purchasing managers' index was released on Tuesday.
India has been relatively insulated from the severe headwinds in the West. However, with a third of the global economy expected to slip into recession in calendar year 2023, the impact will strongly be felt on India's exports and trade economy, leading economists said in a panel discussion at the Business Standard BFSI Insight Summit in Mumbai on Wednesday. The panel comprised former Reserve Bank of India executive director and former Monetary Policy Committee member Mridul Saggar, State Bank of India Chief Economic Advisor Soumya Kanti Ghosh, Citibank India Chief Economist Samiran Chakraborty, ICRA Chief Economist Aditi Nayar, and IndusInd Bank Chief Economist Gaurav Kapoor. The topic of the panel discussion was No recession in sight: Is India decoupled from developed economies?
The debate, which saw several heated exchanges, will continue on Thursday.
At the young age of 15, Wang joined the People's Liberation Army as a guard.
It is going to be a long-term proposition for India -- which has a decades-old relationship with Moscow -- to reorient its foreign policy away from Russia, the US has said, insisting that re-aligning one's approach is not like flipping a light switch.
All the action from the World Athletics Championships on Tuesday...
India is all set to overtake the United States as the largest cotton exporter to China, the world's top cotton consumer and importer.
Nancy Pelosi's gritty refusal to backtrack on her plans to visit Taiwan is part of who she is.
Global gold demand has seen a year-on-year decline of 8 per cent during the April-June period to 948.4 tonnes and going ahead further monetary tightening and continued dollar strength may pose headwinds, says a report. According to the WGC Gold Demand Trends Q2 2022 report, the total gold demand during the second quarter of 2021 stood at 1,031.8 tonnes. The year-on-year demand was affected by increase in gold electronic traded funds (ETFs) outflow, decline in Central banks buying and lower demand from the technology segment, the report said.
India's economy grew by 6.3 per cent in the second quarter of the current fiscal, official data released on Wednesday showed.
Putin said the purpose of the West is to weaken, divide and ultimately destroy Russia.
According to industry sources, domestic toy manufacturers are seeing a sharp rise in sales during the current financial year. On January 1, 2021, India had banned the sale of toys that are not certified by the Bureau of Indian Standards (BIS). This meant that all factories churning out toys to be sold in India had to be certified by the bureau along with mandatory product testing, including for units abroad.
'It is because of Chinese policy that Pakistan is nuclear. So we have to look at it as one unit. If the fissile material of Pakistan is to be controlled, you have to control China,' says former diplomat Arundhati Ghose.
IndiGo Airlines signs $2.6-billion leasing and financing MoU with Industrial and Commercial Bank of China.
Xi, the most powerful leader in recent decades heading the ruling Communist Party and the military, will now be the first Chinese leader after the founder chairman Mao Zedong to remain in power lifelong.
India's exports recorded a flat growth of 0.59 per cent to $31.99 billion in November, even as trade deficit widened to $23.89 billion during the month, according to the data released by the government on Thursday. Exports stood at $31.8 billion in November last year. Imports rose by 5.37 per cent to $55.88 billion in November as compared to $53.03 billion in the corresponding month a year ago, the data showed. During April-November 2022, exports rose by 11 per cent to $295.26 billion as against $265.77 billion in the same month last year.
China's information industry boomed in 2004 with the number of mobile phone users reaching 334 million and Internet subscribers touching 95 million, ministry of information industry has said.
India's exports grew by 67.39 per cent to $32.21 billion in May driven by healthy growth in sectors such as engineering, pharmaceuticals, petroleum products and chemicals, according government data released on Wednesday. Exports in May last year stood at $19.24 billion and in May 2019 it was at $29.85 billion, the commerce ministry's preliminary data showed. Imports in May rose by 68.54 per cent to $38.53 billion, from $22.86 billion in May 2020. In May 2019, imports stood at $46.68 billion.
The Indian financial services space seems to be in a sweet spot as foreign investors have made a net investment of Rs 14,205 crore ($2.1 billion) in the sector in November amid strong credit growth and manageable non-performing loan portfolio. The investment comes following a net withdrawal of Rs 4,686 crore from financial services stocks in October on account of profit booking. Overall, foreign portfolio investors (FPIs) have made a net investment of Rs 36,238 crore in the country's equity markets in November.
India's economic growth slowed to 8.4 per cent in the second quarter of 2021-22, mainly due to waning low base effect, official data showed on Tuesday. The GDP growth in April-June quarter this fiscal stood at 20.1 per cent. The Indian economy had contracted by 24.4 per cent in April-June last year.
Fourteen years after the Sri Lankan government announced his death, a veteran Tamil nationalist leader claimed in Thanjavur, Tamil Nadu, on Monday that Velupillai Prabhakaran, the leader of Eelam Tamils in Sri Lanka, is doing well and said a conducive atmosphere prevails for him to appear now.
Fifty years ago, India and Pakistan fought a short but bloody war. The author finds out how Sainik Samachar, the defence ministry's journal, reported it.
India has overtaken the United States (US) to become the second-most sought-after manufacturing destination globally, driven mainly by cost competitiveness, according to real estate consultant Cushman & Wakefield. China remains at number one position, the consultant said in its 2021 Global Manufacturing Risk Index, which assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC). "India takes the second spot after China as the most sought-after manufacturing destination globally," Cushman and Wakefield said in a statement. The US is at third position, followed by Canada, Czech Republic, Indonesia, Lithuania, Thailand, Malaysia and Poland. In last year's report, the US was at second position while India ranked third.
The chaos on its stock markets, a fierce battle between the old and new guard in the Communist Party and the restive border provinces of Tibet and Xinjiang forebode tough times ahead for China, says Claude Arpi.
Only 13 nations voted in favour of Russia's call for a secret ballot on draft resolution on Ukraine.
Even as the Group of Seven (G7) price cap on Russian crude oil enters into force as of December 5, India has been assured it will continue to receive the existing deep discounts on Russian oil, for the time being, informed officials. "We have been assured by our Russian partners of uninterrupted crude supplies at the existing rates for the time being. "There were a lot of reports of changes in (India's) buying patterns after the global price cap took hold.
China's foreign exchange reserves look set to create a new record at $1 trillion at the end of this month or early November, posing new problems how to best manage it, economists said.
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
The manufacturing and construction sector accounted for 42.7 per cent of GDP while the farm sector accounted for 9.2 per cent.
Newly-elected Conservative Party leader and prime minister in waiting Liz Truss is among the senior British politicians known for championing deeper India-UK strategic and economic ties, describing them as a "sweet spot" of global trade dynamics.
Without Google's Android operating system, Huawei may have to put off new launches.
Exports dropped 3.1 per cent in June from a year earlier, the first decline since January last year while imports went down 0.7 per cent, General Administration of Customs said on Wednesday.
A fire accident in a sulphur mine in a northwest China province killed ten miners, rescuers said on Wednesday.
India's economy grew by 13.5 per cent in the first quarter of the current fiscal, mainly due to the base effect, official data showed on Wednesday. The gross domestic product (GDP) had expanded by 20.1 per cent in the corresponding April-June period of 2021-22, according to data released by the National Statistical Office (NSO). Many analysts had projected the Indian economy will expand at a double-digit growth rate due to the base effect.
China's economy picked up pace notching up 7.4 per cent year on year growth in the first half of 2014, the National Bureau of Statistics (NBS) said on Wednesday.
China on Sunday held a mourning ceremony for the victims of its worst shipping disaster in 70 years after the death toll in the cruise ship that capsized in the mighty Yangtze River jumped to 431.
"By far, we've tested more people than India, than many, many big countries put together. India is second (in coronavirus testing after the US). We're 44 million tests ahead of India. They have 1.5 billion people. And Prime Minister Modi calls me and says, what a job you've done with testing," Trump said at an election rally in Reno, Nevada.
Australia will not apologise to China after Mack Horton called his rival and fellow Olympic swimming gold medallist Sun Yang a ''drug cheat'', delegation head Kitty Chiller said on Tuesday.
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