The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
The multi-brand strategy could drive profitability to a 25% profit margin in the next five years from 17% now.
Your loved ones will love these fancy treats from chef Manish Kusumwal.
The Ahmedabad Urban Development Authority (AUDA) on Wednesday invited proposals from consultants to conduct a 'gap analysis' to assess the existing infrastructure in the city and to state what more is needed to make it a potential venue for the Olympic Games.
The JD-S has chosen the serene surroundings of Nandi Hill on the city outskirts while its partner Congress opted for a star hotel, sources in the parties said. The MLAs of the BJP are staying in the cozy comforts of a resort near Yelahanka and an ultra luxury hotel.
The former police chief also said that the Home Minister had on several occasions instructed police officers on how to handle cases and file charges.
Putting an end to the vaccine certification row, the UK on Thursday announced that Indians, fully vaccinated with Covishield vaccine, will no longer require to undergo quarantine on their arrival in Britain from October 11.
People have been acting with restraint regarding decoration of churches, private homes, hotels and other public places and shops selling Christmas decoration and party items hardly did any business this year.
The car was expected to have a price tag of Rs 10 lakh and launch was slated for this June.
Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was sold to the Tatas.
SunRisers Hyderabad looked a happy bunch as the players cut a cake to celebrate their victory against Chennai Super Kings, the IPL match, in Dubai on Friday.
Around 75 per cent, or 372 stocks, that are part of the BSE500 are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12. The index, which accounts for 93 per cent of BSE listed companies' market capitalisation, has gained 8 per cent from its recent low of 18,983, touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent over the same period, but is still nearly 4.5 per cent away from its all-time high of 52,517 that it hit on February 16.
Markets
Notwithstanding the challenges posed by the pandemic, the deal street remained buoyant pushing the overall deal value to a three-year high of $90.4 billion during the first nine months of 2021, a 35.1 per cent increase in value over the same period last year, according to an industry report. During the third quarter ending September, total deals grew by a tepid 3.8 per cent, according to the leading provider of financial markets data and infrastructure globally Refinitiv, an LSEG Business. The report also noted that IPOs alone grabbed as much as $9.1 billion of the deal value during the year.
A special court in Ahmedabad on Friday awarded death sentence to 38 convicts in the 2008 Ahmedabad serial blasts case, which had claimed 56 lives and left over 200 injured.
Oyo has recently undergone large-scale corporate restructuring, setting up several subsidiaries and bifurcating operations globally.
After the Kerala government declared the coronavirus outbreak as a 'state calamity', as the three positive cases were detected from Thrissur, Alapuzha and Kasaragod, tourism minister Kadakampally Surendran admitted that the sector had suffered a hit. The sector had aggressively launched promotional advertisements in the domestic and international markets after the floods to revive the sector. However, all the efforts took a beating, with mass cancellations of hotel bookings after the outbreak of the infection in the state was reported.
The phased reopening and regulated relaxations of many key industries have paved the way for a slight recovery in hiring activities but hiring is still down by 47 per cent in July 2020 compared to the same month last year.
Floral tributes were paid on Friday to the martyrs who laid down their lives while fighting terrorists who attacked Mumbai on November 26, 2008.
Restaurant owners say the skyrocketing prices of onions has made things difficult for them to run the business and they are left with no other option but to pass it on to the customers.
The acquisition will give the Tatas a firm footing on international routes and generate economies of scale.
'You can either sulk and blame your destiny or you can choose to handle the situation with positivity.'
Meanwhile, the last set of Indian players who will be travelling to Australia joined the bubble hours after the final between Mumbai Indians and Delhi Capitals at the Dubai International Cricket Stadium.
Delhi-based lawyer Ajay Shrivastav purchased 'Ibrahim Mansion', the ancestral property of the underworld don in Mumbke village of Khed taluka, for Rs 11.20 lakh, the official said. Dawood's family had lived in the house before moving to Mumbai in 1983, he said.
The company's market valuation stood at Rs 10,972 crore in morning trade.
The plan is to start with 20-25 per cent capacity by early next month as part of Unlock 5.0, before moving to 50 and then 100 per cent.
Its economy dependent on tourist arrivals, the hill state is looking at a summer of discontent. Not that the rest of the year promises to be any different. Ashwani Sharma reports from Shimla.
Maharashtra Deputy Chief Minister Ajit Pawar, state unit NCP chief Jayant Patil, and Shiv Sena MP Sanjay Raut separately met NCP supremo Sharad Pawar in Delhi on Sunday evening in view of former Mumbai police chief Param Bir Singh's allegations of corruption against state Home Minister Anil Deshmukh.
There is no threat to the Amarinder Singh-led government in Punjab and the party's victory prospects for the upcoming assembly elections, Rawat said.
Experts say, investors will be better off exiting them at higher levels and investing in stocks of fundamentally sound companies.
The Taliban had promised an 'inclusive' government that represents Afghanistan's complex ethnic makeup, but there is no Hazara member in the cabinet.
SBI economists on Tuesday sharply slashed their FY22 GDP growth estimates to 7.9 per cent - the lowest among all analysts - from the earlier projection of 10.4 per cent growth. The economists at the state-run lender seemed to attribute the impact of the second wave of COVID-19 infections as a key factor for the revision in the growth estimate, and pitched for faster vaccination. "... our analysis shows a disproportionately larger impact on the economy this time and given that rural is not as resilient as urban, the pick-up in pent-up demand is unlikely to make a large difference in FY22 GDP estimates, and hence it could only be a modest pick-up," they said.
Senior Bharatiya Janata Party leader Devendra Fadnavis on Sunday said Nationalist Congress Party chief Sharad Pawar was trying to save the Maha Vikas Aghadi (MVA) government in view of allegations of corruption levelled by former Mumbai police commissioner Param Bir Singh against state Home Minister Anil Deshmukh.
Speaking at a press conference, Peter Ben Embarek, the head of the WHO mission in Wuhan, stated four hypotheses on how the virus spread but reiterated that "laboratory incident hypothesis is extremely unlikely to explain the introduction of the virus into the human population".
BTP legislators Rajkumar Roat and Ramprasad asserted that their party's president and other leaders have agreed on extending support to the Gehlot government on the condition that demands related to development of the state are fulfilled.
The Baton, which will stay in India for two days on October 12 and 13, will not, however, be taken in a relay by sportspersons, as is done normally, following IOA's decision to curtail the events here as there will not be adeqaute security arrangements in view of the Dussehra festival.
'It didn't matter to him if he was not the focus of attention in a film.'
As many as 81 per cent people support having rules for consumer e-commerce, but want more services-based platforms to have more clearly defined roles, a survey by community social media platform LocalCircles has found. The survey asked respondents to answer questions based on the recent draft Rules proposed by the ministry of consumer affairs. The responses found 81 per cent consumers wanting sales of products and services over electronic or digital networks to be governed by a set of electronic commerce rules.
S&P Global Ratings on Monday said systemic risk in Indian banks is likely to remain high in the wake of the second wave of COVID-19 and high proportion of weak loans. S&P estimates the weak loans in banks at 11-12 per cent of gross loans.
In a 'major breakthrough', the Maharashtra Anti-Terrorism Squad (ATS) has arrested a policeman and a bookie in connection with the alleged murder of businessman Mansukh Hiran, an official said on Sunday, adding Mumbai police officer Sachin Waze had played a key role in the crime and emerged as the prime accused.
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