Continuing its heavy selling spree for the eighth consecutive month, foreign investors pulled out nearly Rs 40,000 crore from the Indian equity market in May on fears of an aggressive rate hike by US Federal Reserve that dented investor sentiments. With this, net outflow by foreign portfolio investors (FPIs) from equities reached at Rs 1.69 lakh crore so far in 2022, data with depositories showed. Going ahead, FPI flows will remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks, among others, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities said.
The economy segment of India's car market is unlikely to revive soon term as inflation and prices prompt buyers to defer purchases. The share of entry-level cars in the passenger vehicle market dropped to the lowest in seven years at the end of the Financial Year 2021-22 (FY22). A recovery in the segment will be largely driven by the overall economic growth, improvement in income levels, and easing of semiconductor shortage, say carmakers and analysts.
The acquittal of four men accused in the 2008 Jaipur serial blasts case by the Rajasthan high court has come as a shock to many, including those who lost their loved ones or were themselves injured in the terror attack and are living with the bad memories.
The National Company Law Appellate Tribunal on Wednesday declined to grant interim relief to Google seeking a stay on competition watchdog CCI's penalty of Rs 936.44 crore on the tech giant for abusing its dominant position with respect to Play Store policies. The appellate tribunal has directed Google to deposit 10 per cent of the fine before its registry in the next four weeks. A two-member bench comprising Justice Rakesh Kumar and Alok Srivastava issued notices to the Competition Commission of India (CCI) and other respondents and posted the matter for hearing on April 17, 2023.
While Ekta Bhardwaj, 31, died Thursday night, the body of Sunita Srivastava was recovered on Friday, officials said, adding that operations by rescue personnel at the incident site are still on.
The initial public offering (IPO) market has come to a grinding halt due to sharp correction in the broader markets and uncertain outlook created by the Russia-Ukraine offensive. So far this year, only three companies have managed to launch their maiden share sales. In comparison, close to 10 companies were able to come out with their IPOs during the same period last year. Investment bankers say it will be challenging to launch a single deal in March as large institutional investors have turned extremely risk-averse and don't wish to commit any capital.
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.
On questions about remarks by Pakistan PM's advisor on national security Moeed Yusuf that India has sent a message to Pakistan with a desire for conversation, MEA spokesperson Anurag Srivastava said, "Let me make it clear that no such message was sent from our side."
September 15 is the deadline for paying the second instalment of advance tax. This is income-tax (I-T) taxpayers need to pay every quarter, instead of a lump sum at the end of the year. Ashutosh K Srivastava, senior associate, SKV Law Offices, says, "The tax has to be usually paid when income is earned. "Nonetheless, according to the I-T Act, the taxpayer has to estimate his income for the entire financial year. Based on that, he/she pays tax at specific intervals."
Parties like the Suheldev Bharatiya Samaj Party, Mahaan Dal, and Janvadi Party-Socialist had distanced themselves from the SP after its defeat in the 2022 state assembly elections.
The assistant director of the vigilance department had filed a written request before a special court, seeking two months' time to study the 'lacunae and discrepancies' in the CBI's closure report in the case to file an appropriate protest petition before it.
'Bharat has been leading, but it cannot carry India as the bulk of the sales come from India in terms of volume and profitability.'
In his social media post in Hindi, Gautam had written, "For women, it is better to read the Constitution of India and the Hindu Code Bill instead of fasting for nine days during Navratra. Their lives will be free from fear and slavery. Jai Bheem."
Nepali prime ministers traditionally choose New Delhi for their first foreign visit after being sworn-in.
Hearing a bunch of petitions, a division bench of Chief Justice K Vinod Chandran and Justice Madhuresh Prasad directed the government to immediately stop the caste-based survey, and ensure that the data already collected are secured and not shared with anybody till final orders are passed.
Continuing their massive selling spree for the ninth consecutive month, foreign investors dumped Indian shares worth Rs 50,203 crore in June -- the highest net outflow in over two years -- amid aggressive rate hike by the US Federal Reserve, elevated inflation and relatively higher valuation of domestic equities. Foreign portfolio investors (FPIs) have now pulled out around Rs 2.2 lakh crore from domestic equities in the first six months of 2022 -- the highest-ever net withdrawal by them. Before that, FPIs withdrew Rs 52,987 crore in the entire 2008, data with depositories showed.
India's largest carmaker, Maruti Suzuki India (MSIL), is focused on getting 50 per cent of its customers' car-financing transactions executed through its Smart Finance platform by next year. Shashank Srivastava, executive director-sales, MSIL, said this will help the company turn its website into a single-window channel through which customers can select their models, find dealers, and arrange financing. He said there is a likelihood that 100 per cent of its customers availing of financing will take it through Smart Finance. To date, the company has disbursed Rs 6,500-crore loans via Smart Finance to around 100,000 customers, accounting for 28 per cent of all finance-based car-purchase transactions for the company.
Ministry of External Affairs (MEA) Spokesperson Anurag Srivastava said Indian bulk cargo vessel MV Jag Anand has been on anchorage near Jingtang port in Hebei province of China since June 13 and it has 23 Indian sailors.
Continuing their selling spree for the sixth consecutive month, foreign investors pulled out a massive Rs 41,000 crore from the Indian equity market in March on anticipation of rate hikes by the US Federal Reserve and deteriorating geopolitical environment amid the Russia-Ukraine war. Further, flows from foreign portfolio investors (FPIs) are expected to remain volatile in the near term given the headwinds in terms of elevated crude prices and inflation, experts said. According to data available with the depositories, FPIs were net sellers to the tune of Rs 41,123 crore in the equity market last month.
Asserting that she is not against any religion, the VC suggested that azaan can be recited even without a loudspeaker so that it does not cause discomfort to others.
'In FY23, PV sales are expected to end the year at a record 3.8 million units, up 26 per cent. In FY24, however, the industry is expecting 5-7 per cent volume growth'
A court in New Delhi on Friday extended by five days the Enforcement Directorate (ED) custody of Aam Aadmi Party leader Manish Sisodia who has been arrested in a money laundering case related to the Delhi excise policy.
With KL Rahul struggling to find his form, the Irani Cup can help Mayank Agarwal find his way back into the national team.
The Indians were kidnapped at a place called Asshwerif on September 14 when they were on their way to the Tripoli airport to catch a flight to India, External Affairs Ministry spokesperson Anurag Srivastava said at a media briefing.
Open order books in February breach 700,000; wait period for some models exceed a year.
'The Governor is pleased to appoint Justice High Court, Allahabad (retd) Pradeep Kumar Srivastava as a single-member Commission of enquiry with Headquarters at Lakhimpur Kheri'
The world's most popular source for movie content, IMDb unveiled its list of the 10 Most Popular Indian Web Series, based on their page views on the site.
The country's largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire product range, except Celerio, by up to 1.9 per cent with immediate effect. In a regulatory filing, the company noted that it has taken the decision to hike prices due to an increase in various input costs. The weighted average price rise in ex-showroom prices (New Delhi) across select models is 1.9 per cent, it added. This is MSI's third price hike this year.
In a strongly-worded reaction on the issue, Spokesperson in the Ministry of External Affairs Anurag Srivastava said India has repeatedly called on Pakistan to give up its 'obfuscation and dilatory tactics' in discharging its international obligations in the trial of Mumbai terror attacks.
Four Indian-American politicians from the ruling Democratic Party, including Raja Krishnamoorthi, Ro Khanna and Pramila Jayapal, were elected to the US House of Representatives on Wednesday and many others won across the country to state legislatures in the highly polarised midterm elections.
In the last 75 years, there have been multiple calls for a gender-neutral term for the head of the State and debates over it.
Bengal pacer Akash Deep bowled a game-changing spell on Friday
Nikhil Kumar, a class 10 student at a local inter-college on Phaphond Road in Achalda police station area, was allegedly thrashed by his social sciences teacher Ashwini Singh on September 7 for making mistakes in a test.
Through six snapshots, we discover that Nikita Dutta knows how to dress.
Tributes were also paid at the places targeted by terrorists including Chhatrapati Shivaji Maharaj Terminus, Cama and Albless Hospital, Hotel Taj Mahal Palace, the Oberoi Trident, Nariman House, the Jewish community centre, and the memorial of ASI Tukaram Omble who was martyred while overpowering Ajmal Kasab, the only terrorist who was captured alive.
The 10th edition of South Indian International Awards took place in Bengaluru over the weekend.
The formal process of disengagement of troops began on July 6, a day after a nearly two-hour telephonic conversation between National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi on ways to bring down tensions in the area.
Ghar Waapsi is strewn in pithy wit. And believable scenes of pyaar and takraar, observes Sukanya Verma.
The family members of the deceased had named five men linked to the Bajrang Dal in their complaint to the police.
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