Foreign investors have pulled over Rs 6,400 crore from the Indian equity market in the first four trading sessions of the ongoing month when the Reserve Bank of India (RBI) and US Federal Reserve raised interest rates. Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs' flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities, said. Foreign Portfolio Investors (FPIs) remained net sellers for seven months to April 2022, withdrawing a massive amount of over Rs 1.65 lakh crore from equities. This was largely on the back of anticipation of a rate hike by the US Federal Reserve and due to the deteriorating geopolitical environment following Russia's invasion of Ukraine.
Waves of foreign portfolio investments worth over Rs 51,000 crore splashed into the Indian market in 2021 as overseas investors turned net buyers of domestic securities for the third straight year while excess global liquidity and other factors steered the ebb and flow of their investing ways. With the global financial system still flush with liquidity, emerging market assets, especially equities, might well remain the preferred investment avenue for many more months to come, experts opined. As the equities sizzled during most of 2021, that also saw economy slowly coming back into the recovery path, Foreign Portfolio Investors (FPIs) turned net buyers but their investment is much less compared to net inflows of Rs 1.03 lakh crore in 2020.
'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'
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
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.
US Secretary of State Michael Pompeo and Defence Secretary Mark T Esper will visit India on October 26 and 27 for the high-level dialogue aimed at further boosting defence, security and global strategic ties between the two countries.
Open order books in February breach 700,000; wait period for some models exceed a year.
A video showing anti-Muslim slogans being raised during a protest at Jantar Mantar here was widely circulated on social media, following which the Delhi Police registered a case in connection with the matter on Monday.
Data released by the IMD on Thursday showed that the mean minimum temperature (MMT) this December was 7.1 degrees Celsius.
External Affairs Ministry Spokesperson Anurag Srivastava said the diplomatic and military talks have helped both sides to enhance understanding of each other's positions on the issue.
Bengal pacer Akash Deep bowled a game-changing spell on Friday
Uttar Pradesh shares a 599.3 km long open border with Nepal touching seven districts - Pilibhit, Lakhimpur Kheri, Bahraich, Sravasti, Balrampur, Sidhharthnagar and Maharajganj.
'Pakistan has completely failed to provide the remedy as directed by the ICJ and India reserves its position in the matter, including its rights to avail of further remedies'
The bench comprising Islamabad High Court (IHC) Chief Justice Athar Minallah and his fellow judge Justice Miangul Hassan Aurangzeb would take up the government plea on Monday, the Pakistani media, including the Geo News, reported.
Prime Minister Narendra Modi on Monday urged people to pledge not to do anything that lowers the dignity of women, saying a mentality to insult them in speech and conduct has crept in.
While commercial vehicles are expected to benefit from strong replacement demand, the two-wheeler and tractor segments are expected to gain from a recovery in the rural economy.
The activists of PFI had allegedly mobilised rioters and were in contact with Hayat Zafar Hashmi, the key conspirator of the violence, the police said.
India said it is strongly committed to ensuring its sovereignty and territorial integrity.
The mean maximum temperature for the month of March was 28.2 degrees Celsius in 2020 and 2019. It was 32.8 degrees Celsius in 2018; 30.7 degrees Celsius in 2017 and 31.5 degrees Celsius in 2016, according to the India Meteorological Department data.
"While this is not a surprising stance from a nation that practices cross border terrorism and denies its own minorities their religious rights, such comments are nevertheless deeply regrettable," said MEA spokesperson.
Countries negotiating free trade agreements (FTAs) need to keep in mind eight "myths" which surround these pacts, like they lead to accelerated increase in exports and promote domestic manufacturing, according to a report by think-tank GTRI. The report by Global Trade Research Initiative (GTRI) claims to dispel these 'myths', including that FTAs weaken the WTO (World Trade Organisation), countries are rushing to do FTAs, and these pacts promote investment and lower prices. It is "erroneously" believed that most world trade happens through the FTA route, but in reality, it is less than 20 per cent, said the report titled 'FTAs: Fabulous, Futile, or Flawed?'.
The phase-three human clinical trial of indigenously developed anti-coronavirus vaccine candidate Covaxin began at the AIIMS in New Delhi on Thursday, with Dr M V Padma Srivastava, the chief of Neurosciences Centre at the premier institute, and three other volunteers receiving the first dose.
The family members of the deceased had named five men linked to the Bajrang Dal in their complaint to the police.
Maruti Suzuki said there are many reasons for this downturn in the auto market such as liquidity crunch, increased prices of products due to regulatory issues, higher taxes and rise in insurance rates.
Foreign portfolio investors (FPI) have pumped in a net sum of Rs 49,553 crore in Indian markets this month so far on back of high liquidity coupled with improving global indicators and clarity after the US presidential elections. FPIs invested Rs 44,378 crore in equities and Rs 5,175 crore in the debt segment, taking the total net investment to Rs 49,553 crore between November 3-20. In October, FPIs invested a net sum of Rs 22,033 crore.
Asked during a press briefing if special trains and private vehicles will also be allowed to transport these people as demanded by some states and others, Joint Secretary in the Union home ministry Punya Salila Srivastava said the orders issued at present were for 'using buses and for group of persons'.
The Chandrakant Pandit-coached side lost opener Yash Dubey (9) cheaply after he was trapped in front of the wickets by pacer Mukesh Kumar (2/45).
Based on a complaint given by local ABVP activist Jayvirsinh Raulji, Vadodara's Sayajigunj police on Monday evening registered an FIR against a first-year fine arts student of the university.
There is a need to think about the collegium system so that appointments in higher judiciary can be accelerated," Rijiju said.
The number of cases of insult to the modesty of women, kidnapping of women, abduction of women, cruelty by husband and in-laws and dowry death stand at 197, 1,580, 159, 1,712 and 56, respectively, it said.
Maruti is sticking to this strategy at a time when rival Hyundai is looking to make the most of the monopoly it will have in the compact diesel segment from April 1, 2020, when the BSVI emission norms kick in. The market leader's confidence stems from the rapid shift in favour of petrol in the PV segment. For newer models such as MG Hector and Seltos, nearly 75 per cent bookings are for petrol variants, Kia has 55 per cent from petrol variants. The change in customer preference from diesel variants to petrol has happened quickly over the past few years.
Uttar Pradesh minister Swami Prasad Maurya has said the state's next chief minister will be decided by the Bharatiya Janata Party's central leadership after the assembly polls, prompting the Samajwadi Party to suggest that the ruling party is divided on the leadership issue.
The inflows meant assets under management of gold ETFs climbed by over 4 per cent to Rs 13,503 crore at the end of August from Rs 12,941 crore at July-end.
Non-scheduled commercial flights are being arranged and this operation will begin from May 7 in a phased manner.
A Delhi court on Wednesday granted bail to former Bharatiya Janata Party spokesperson Ashwini Upadhyay, arrested in connection with the communal slogans allegedly raised during a protest at the Jantar Mantar in New Delhi.
The Ministry of External Affairs (MEA) spokesperson Anurag Srivastava said complete disengagement requires re-deployment of troops by each side towards their regular posts on their respective sides of the Line of Actual Control(LAC) and this can be done only through mutually agreed actions.
Foreign portfolio investors (FPIs) pulled out as much as Rs 17,537 crore from the Indian markets in just three trading sessions of March as investors' sentiment got dented by the uncertainty triggered by the Russia-Ukraine conflict and rising crude oil prices. As per depositories data, they pulled out Rs 14,721 crore from equities, Rs 2,808 crore from debt segment and Rs 9 crore from hybrid instruments between March 2-4. This took the total net outflow to Rs 17,537 crore.
The Ministry of External Affairs (MEA) on Friday said Modi will lead the Indian delegation at the summit. "The prime minister will lead the Indian delegation to the 20th summit of the SCO council of heads of state which will be held in the virtual format on Nov 10. The meeting will be chaired by Russian President Vladimir Putin," MEA Spokesperson Anurag Srivastava said.
The stand by China spelt out by its foreign ministry insisting that it takes the 1959 line on perception of the LAC amid a nearly five-month-long border standoff in eastern Ladakh triggered a strong reaction from India.
Equity mutual funds attracted an all-time high net inflow of Rs 28,463 crore in March, on continued interest by retail and HNI investors, who used market correction as a good buying opportunity.
