The Indian financial services space seems to be in a sweet spot as foreign investors have made a net investment of Rs 14,205 crore ($2.1 billion) in the sector in November amid strong credit growth and manageable non-performing loan portfolio. The investment comes following a net withdrawal of Rs 4,686 crore from financial services stocks in October on account of profit booking. Overall, foreign portfolio investors (FPIs) have made a net investment of Rs 36,238 crore in the country's equity markets in November.
Italian tennis player Stefano Galvani defended his compatriots caught in the betting scandal, saying that the ATP was only making an example out of them.
However, foreign investors have completely shunned the infrastructure sector.
The raid was made collectively by the crime branch and police on the tip-off received by the Board of Control for Cricket in India (BCCI) vigilance.
Police caught red-handed four members of a gang, who were allegedly placing bets on IPL matches, during a raid at a marriage palace at Gill road.
The Mumbai police on Saturday chargesheeted Chennai Super Kings's former team principal Gurunath Meiyappan in the betting scandal that rocked the sixth edition of the Indian Premier League earlier this year.
The exact case in connection with which the searches were being conducted was not yet known.
After acquiring brands such as Yardley from Procter & Gamble and Finesse and AquaNet from Unilever, Lornamead , the UK-based personal care products company, betting big on India.
24 hours was all it took for the Congress to overturn its decision to boycott the TV debates on the exit poll results. Sudhir Bisht offers an explanation.
Inbound M&A into India totals $9.86 billion this year, the highest in Asia.
When it comes to electric cars, the electric dream is turning out to be a six-letter word starting with f, ending with y, and having antas in between, notes Suveen Sinha.
Hopes soar on currency gaining more if Modi becomes the Prime Minister.
The company, now a part of the BBC Worldwide family, is eyeing the projected magic figure of 50 million outbound travellers (Indians travelling abroad) by 2020.
