Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country's robust economic fundamentals. Additionally, they injected Rs 4,000 crore in the debt market during the period under review, data with the depositories showed. With expectations of a prolonged decline in US interest rates in 2024, there is an anticipation that FPIs will likely escalate their purchase, particularly in the initial months of the New Year leading up to the general elections, V K Vijayakumar, chief investment strategist at Geojit Financial Services, said.
'Exposure to small and midcap stocks exceeded desired levels in many portfolios, prompting rebalancing.'
The Enforcement Directorate (ED) has filed a money laundering case against Trinamool Congress leader Mahua Moitra and businessman Darshan Hiranandani in connection with an alleged cash-for-queries scam case, official sources said Tuesday.
Tata Consultancy Services (TCS), India's largest IT services firm, is planning to increase salaries by an average of 7-8 per cent for its offsite employees and 2-4 per cent for its onsite staffers in 2024-25. High performers can expect a raise of 12-15 per cent. The company, which had a headcount of 603,305 as of December 31, 2023, will be closely looking at the promotions and the process may also get pushed to the first quarter of FY25, revealed a source on condition of anonymity, because he is not authorised to speak to the media.
Chastising the State Bank of India, the Supreme Court on Monday ordered it to disclose the details of the electoral bonds encashed by political parties to the Election Commission by the close of the business hours on March 12 and warned the country's largest public sector lender that the court may proceed against it for 'wilful disobedience' if it failed to comply with its directions and deadlines.
Experts say you should be certain of living in a city and locality for a long time before purchasing a home.
The dealers operating in the space have jumped nearly three times over the past two years.
'If businessmen should be included in the political process -- which is essential in my opinion -- they need to have the freedom to express themselves and to take stands against the government of the day, without fear of reprisals and attacks on their business.'
Amid the huge rush of devotees in Ayodhya, Chief Minister Yogi Adityanath held a meeting with officials in Lucknow to review the steps taken for crowd management and advised VIPs planning to visit the temple to inform the authorities in advance.
Government headhunter PESB on Friday did not find anyone suitable from nine candidates, including two serving IAS officers, to head India's largest oil and gas producer, ONGC. The Public Enterprise Selection Board (PESB) interviewed 9 out of the 10 candidates who had applied for the post of chairman and managing director of Oil and Natural Gas Corporation (ONGC). "Keeping in view the strategic importance and vision for the company and its future, the Board did not recommend any candidate and decided to constitute a Search Committee," PESB said in a notice after interviews. Those interviewed included senior bureaucrats Avinash Joshi and Niraj Verma.
'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'
'In staples, we have still managed in rural areas.'
Three experts from Western Coal Fields, a subsidiary of Coal India Limited, camped at the Silkyara tunnel site from November 20.
Head Constable Murlidhar Laxman Chaudhary of the Rapid Action Force was killed on Wednesday in the gunfire at the Chatrapati Shivaji Terminus station.
Long-term investors should never stop their SIPs during market corrections.
Mumbai-based author Ranjit Hoskote has quit the Finding Committee for the upcoming Documenta art festival in Germany, following criticism for signing a letter that compared Zionism and Hindu nationalism.
One suspected Pakistani terrorist and an Army soldier were killed in a gunfight during an ongoing search operation in a remote village in Rajouri district of Jammu and Kashmir on Tuesday, officials said.
The S&P BSE Midcap and the S&P BSE Smallcap indices have managed to stay afloat in a volatile January that saw the frontline indices hit their respective 52-week high levels and then slip. While the S&P BSE Sensex has lost over 2 per cent thus far in January, the S&P BSE Midcap and the S&P BSE Smallcap indices have gained nearly 2.5 per cent and 4 per cent, respectively during this period.
Five army personnel were killed and six injured on Monday when terrorists ambushed their vehicle in the remote Machedi area of Jammu and Kashmir's Kathua district, officials said.
The regulatory changes brought in by the insurance regulator and the amendments proposed to the Insurance Act by the Centre may herald a new dawn for the sector in India. This may result in insurers bringing out more consumer-led products, top honchos of general insurance companies of the country concurred at the Business Standard BFSI Insight Summit 2022.
Those transferred include special secretary of health and family welfare Udit Prakash Rai, a 2007 batch IAS officer of AGMUT cadre.
'In April, we saw a 10 per cent growth in our own volumes.'
The revamped Champions League will feature a tennis-style seeding system for the last-16 knockout phase, UEFA said.
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets.
'If there is a push towards a Marxist oriented government it will be dangerous.' 'We have seen this in Nepal and Myanmar and it will be a concern for India if it is surrounded by countries with such political dispensations.'
The current spurt in the stock market is on account of strong fundamentals and robust corporate earnings and retail investors can look for buying opportunities to accumulate quality stocks, experts said.
'Due to rural stress, volumes continue to remain an issue for the industry, and we are yet to see any revival in demand.'
'For experienced and risk-taking investors, now may be the time to go all in.' 'By 'experienced and risk-taking', I refer to those who remained net buyers in equities during the early stages of the 2020 pandemic.' 'On the other hand, those who exited the markets during the pandemic may go the SIP way.'
The DGP said the conspiracy was hatched by one Pakistan-based terrorist Arjumand alias Hamza Burhan who got in touch with a local mastermind Danish Ahmad Malla to carry out the attack.
Patience can be rewarding. 'Post-listing, sanity often returns to valuations of newly-listed businesses within six to nine months. Buy then.'
'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'
Air India Chairman Rajiv Bansal has been appointed as the new aviation secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Wednesday. K Rajaraman, additional secretary in the department of economic affairs, has been appointed as secretary, department of telecommunications, a personnel ministry order said.
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19
Jwala (Namibian name Siyaya) had also given birth to four cubs last March. However, only one of them survived.
The Delhi Police, however, said the security around the CM house was beefed up to "manage" mediapersons who have gathered there since Wednesday after party leaders claimed that Kejriwal would be raided and arrested.
Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday reviewed relief and rescue operations with senior officials of the government after returning to Dehradun from on-site inspection of Joshimath landslide area gave directions for forming a coordination committee immediately at the government level under the chairmanship of the Additional Chief Secretary and at the local level under the chairmanship of the Commissioner Garhwal.
The Maharashtra government has appointed former state acting DGP Sanjay Pandey as the new Mumbai police commissioner.
'I do not think the scam is limited to 1,563 students. The number is too low to have caused such an inflation in the marks'
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