Ravi Singhal, vice chairman, GCL Securities Private Limited, explains why there is no need to worry as stock market indices gain higher levels.
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.
The RBI on Monday imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms, including one related to "Frauds - Classification and Reporting". A penalty of Rs 4 crore has been imposed on Bank of India and Rs 2 crore on Punjab National Bank. In a statement, the RBI said the statutory Inspection for Supervisory Evaluation (lSE) of Bank of India was conducted with reference to its financial position as on March 31, 2019.
SC raised questions over the government's decision ordering mandatory seeding of mobile numbers with Aadhaar.
Industry leaders are predicting hybrid cloud to be the next biggest trend in cloud computing.
Economically Weaker Sections (EWS) have been given 10 per cent quota in admissions and jobs out of 50 per cent general category seats for the first time without eroding the "totally independent" reservation for SCs, STs and OBCs, the Centre told the Supreme Court on Tuesday.
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
A notification issued by the Home Department, Government of Nagaland, read, 'Whereas, there is apprehension of grave law and order problems in Mon District, Nagaland owing to the prevailing situation created by firing incidents today, leading to the death of several persons in Tiru Oting village area under Tizit and Naginimora sub-divisions.'
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
The Serious Fraud Investigation Office (SFIO) has arrested a person who the Ministry of Corporate Affairs (MCA) said has emerged as the mastermind of the racket of incorporating a large number of shell companies with Chinese links in India.
The high court said he has a choice to make and asked him to delete his FB account as the policy to ban the use of social networking platforms for army personnel was taken keeping in view the security of the nation.
Apart from physical access to handsets, metadata and backups are two common ways in which private communications can be broken.
The persistence with Aadhaar, to the exclusion of all other identity systems, is a dangerous path and should be avoided if the risks of digital vulnerability are to be eliminated. Till such time that the ownership of the Aadhaar system is transferred to an independent body, concerns over Aadhaar's digital vulnerability will persist, says A K Bhattacharya.
Unified Payments Interface (UPI) clocked over 6 billion transactions in July: the highest ever by India's flagship digital payments platform since its inception in 2016. UPI reported 6.28 billion transactions amounting to Rs 10.62 trillion, according to data released by the National Payments Corporation of India (NPCI), which operates the platform. Month-on-month, the volume of transactions was up 7.16 per cent and value increased 4.76 per cent.
The need of the hour, as the Supreme Court readies to rule on the constitutionality of Aadhaar, is for the UIDAI to fix the bugs, says Geetanjali Krishna, in the second and final part of her series.
Foreign portfolio investors (FPIs) turned net buyers in October after being net sellers in the previous month. In October, FPIs bought shares worth nearly Rs 8,430 crore ($1 billion) against net selling of Rs 13,405 crore ($1.6 billion) in September. Positive flows during three of the previous four months have pushed the domestic markets towards fresh all-time highs. At present, the Sensex and Nifty are less than 2 per cent shy of breaching record highs logged in October 2021. A rally in equity markets in the US and Europe is in hopes that the Federal Reserve may go soft on rate hikes after its November meeting.
After breaching the value of 1 in the first week of August, the R number, which reflects how rapidly the coronavirus pandemic is spreading, has been steadily ebbing, according to researchers at the Institute of Mathematical Sciences, Chennai.
India saw 59,118 new coronavirus infections in a day, the highest single day rise so far this year, taking the nationwide COVID-19 tally to 1,18,46,652, according to the Union health ministry data updated on Friday.
In a post on Twitter on Wednesday, the 28-year-old also named the Janata Dal-United as a client during the 2010 Bihar elections and brought up some caste surveys carried out in Uttar Pradesh by SCL India -- the parent company of CA.
Officials said on Thursday that the force recently issued a circular also asking its troops and other staff to avoid sharing official orders on WhatsApp and desist from discussing and sharing operational matters over social media.
Homegrown microblogging platform Koo said the new guidelines will help clarify the responsibilities of intermediaries.
The Congress on Saturday made a stunning comeback in Karnataka ousting the Bharatiya Janata Party from its lone southern citadel with a comfortable majority in a morale booster win that will be key for reviving its electoral fortunes ahead of the 2024 Lok Sabha polls.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
Aiming to breach the Bharatiya Janata Party's Gujarat bastion, the Aam Aadmi Party fielded its candidate to contest all 182 assembly seats and carried out a high decibel campaign in the run-up to the polls in Gujarat.
The Union health ministry data on Friday said the number of coronavirus cases in India breached the 45 lakh mark while a data released by a national public health institute in the US said the number of infections in the North American country crossed six million as of September 8.
Benefits of demonetisation come at a heavy price for Fintech firms. They will spend a massive amount on securing and reinforcing their cyber security apparatus this financial year. Karan Choudhury reports.
Mutual fund (MF) houses have started realigning their overseas product offerings after the Securities and Exchange Board of India (Sebi) advised them to stop subscriptions. PPFAS Asset Management has decided to suspend transactions in Parag Parikh Flexi Cap Fund with effect from February 2, 2022. Though new lump-sum and systematic investment plans (SIPs) will not be accepted, existing SIPs and systematic transfer plans (STPs) will continue.
The mercury at the Safdarjung Observatory is expected to breach the 43-degree mark on Thursday and touch 44 degrees Celsius by Friday, according to the India meteorological department.
The suspended Bharatiya Janata Party MLA was picked up under Act No.1 of 1986 (Preventive Detention Act), police said.
As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.
Domestic passenger vehicle retail sales declined eight per cent in February as the companies continued to suffer production loss due to chip shortage, automobile dealers' body FADA said on Friday. The passenger vehicle (PV) sales dropped to 2,38,096 units last month, down 7.84 per cent from 2,58,337 units in February 2021. "Even though the passenger vehicle (PV) segment saw some launches and slight respite in supply due to better production, it was not enough to meet customer demand. "Vehicle waiting period thus remains similar to what it was in the past few months," FADA president Vinkesh Gulati stated.
Zuckerberg, in an interview with The New York Times, referred to the artificial intelligence tools deployed by Facebook to detect fake accounts trying to manipulate news and influence the elections.
The Maharashtra government has moved the Supreme Court seeking recall of its order by which it had directed the State Election Commission (SEC) not to re-notify the poll process to 367 local bodies, where it has already commenced, in order to provide reservation to OBCs.
According to the data compiled by General Insurance Council, which is not publicly available, the insurers have settled 508,334 claims amounting to over Rs 4,800 crore.
The high court conducted the hearing in-camera after the counsel for the Centre requested for it on the ground that it was a very sensitive decision taken by the Army and the inputs cannot be made public.
Inflation breached the upper end of the RBI's comfort level of 4 per cent plus-minus two percentage points.
The unemployment rate shot up to a record 10.9 per cent in the week that ended on December 18, points out Mahesh Vyas.
The active cases breached the 11-lakh mark for the first time since the outbreak of the pandemic.
India registered a record single-day spike of 1,26,789 new COVID-19 cases, pushing its infection tally to 1,29,28,574, while the number of active cases too went upwards to breach the nine lakh-mark again, Union Health Ministry data updated on Thursday showed.
The tax department surveyed the office of the news portal located at Sarvodaya Enclave in south Delhi on Friday along with that of another digital news platform Newsclick in Saidulajab area (south Delhi) on charges of alleged tax evasion.
