After three consecutive years of infusing huge funds, foreign portfolio investors retreated from the Indian equity markets in a big way in 2022 with the highest-ever yearly net outflow of nearly Rs 1.21 lakh crore. The huge outflow, which surpasses by a big margin the previous record of Rs 53,000 crore net withdrawal in 2008, came amid aggressive rate hikes by central banks globally but 2023 is expected to be better on positivity about overall macroeconomic trends in India, experts said. Apart from global monetary tightening, volatile crude, rising commodity prices along with Russia and Ukraine conflict led to an exodus of foreign money in 2022.
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."
A video showing the incident involving school teacher, Tripta Tyagi, and the Class 2 boy in Muzaffarnagar has gone viral on social media eliciting strong words from several political parties.
Industrialist and art dealer Guru Swarup Srivastava was today remanded to police custody till May 21 by a local court for allegedly forging documents.
In a letter to CM Shinde and chief secretary Manukumar Srivastava on March 9, Gadkari also criticised Joshi, an IAS officer, for allegedly stalling admission to nearly 1,100 seats linked to courses offered by the College of Physicians and Surgeons-affiliated.
Officials said most of the preparations are complete and the counting will start at 8 am on Saturday.
The tweets by Shehla, dated August 18, 2019, had accused the Army of entering houses and "torturing" locals in Kashmir.
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.
The boy from Kanpur kept his audiences in theatres, on television and lately on social media platforms engaged with vivid societal sketches, be it about travelling in Mumbai's famous locals or lampooning queues at wedding buffets.
The actor died on Friday after suffering a heart attack at a gym in Mumbai. He was 46.
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.
The reported 'confessions', including those allegedly made before a magistrate, by Mehrauli killing accused Aaftab Amin Poonawala do not have conclusive legal validity, experts said, doubting that several key conditions were not fulfilled.
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.
Gross inflows into active equity mutual fund (MF) schemes dipped 34 per cent month-on-month (MoM) -- to Rs 25,400 crore -- in April as investors applied brakes on lump sum investments amid a sharp upwards movement in the market. Gross inflows for March stood at Rs 38,641 crore. The sharp decline pulled the net inflows to a five-month low of Rs 6,480 crore, shows data released by the Association of Mutual Funds in India (Amfi).
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.
With the merger between HDFC Bank and HDFC Ltd complete, analysts said the next key monitorable for the Street would be successful resolution of merger-related hiccups, including employee-related churn and roll out of complete banking services across branches. At the bourses, they expect the stock to perform in-line with the benchmark indices in the near-term. "There's usually an initial period of consolidation after a merger as the entities work towards integration.
'Bharat has been leading, but it cannot carry India as the bulk of the sales come from India in terms of volume and profitability.'
Half a dozen people have been detained for interrogation in connection with the death of two Muslim men whose bodies were found in a car in Haryana after they were allegedly abducted by cow vigilantes, according to police.
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.
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.
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.
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.
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.
The eastern and northern parts of Delhi witnessed rain and hailstorm, IMD said.
The team will assist the state health authorities in instituting public health measures and facilitate operationalisation of requisite control and containment measures, it said.
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
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.
Despite markets turning volatile, share sale activity at India Inc has surged to its highest level in five months. So far in March, promoters, strategic investors and other large shareholders have been able to offload shares worth more than Rs 33,000 crore-the most since November-defying uncertain market conditions. Both the Sensex and the Nifty are on course to post their fourth straight monthly loss amid headwinds, such as interest rate tightening by the US Federal Reserve and the global banking crisis.
Automakers Maruti Suzuki, Tata Motors, Mahindra & Mahindra and Kia reported robust growth in their vehicle dispatches in the domestic market for August buoyed by festive demand and easing of semiconductor shortage woes. Other manufacturers like Hyundai, Toyota and Skoda also reported growth in wholesales in August as compared with the same month last year. The country's largest automaker Maruti Suzuki India said its domestic passenger vehicle dispatches increased by 30 per cent to 134,166 units in August as compared with 103,187 units in the year-ago month.
In a major development, India and the US have agreed to end six trade disputes at the WTO through mutually agreed solutions, while New Delhi will remove retaliatory customs duties on certain American products such as almonds, walnuts, and apples.
A prayer meet was conducted in Mumbai in remembrance of comedian Raju Srivastav, who passed away in Delhi.
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.
'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 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.
The project was announced in September 2019 and Prime Minister Narendra Modi laid the foundation stone of the new Parliament building on December 10, 2020.
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.
Companies don't have to be in the field to nudge people to return money they owe lenders.
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.
