After turning net buyers last month, foreign investors have become aggressive shoppers of Indian equities and have invested Rs 22,452 crore in the first two weeks of August amid softening inflation concerns. This was way higher than a net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in the entire month of July, data with depositories showed. FPIs had turned net buyers for the first time in July, after nine straight months of massive net outflows, which started in October last year.
With Onam and Raksha Bandhan just around the corner, the festival season is ready to kick off in full swing. As people embrace the celebratory spirit, companies anticipate a surge in sales this year. Consumer durables firms are expecting strong growth of 40-50 per cent in the premium segment during the upcoming season. Appliance makers also foresee increased demand for cooling appliances - refrigerators and air conditioners - which were impacted by unseasonal rainfall.
Capital markets regulator Sebi has tweaked peak margin rules which will bring huge relief to traders and brokerage houses that have been incurring high margin penalties so far, experts said on Wednesday. Under the new framework, the beginning of the day margin will be considered as peak margin. This is only in respect of the collection of upfront margin. The peak margin rule that was implemented last year restricted brokers' ability to fund clients' intraday positions.
The Badminton Association of India are hoping to finalise the duo's appointments by the end of this month.
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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.
The Badminton Association of India (BAI) on Friday recommended Kidambi Srikanth for the Khel Ratna award after the top Indian shuttler apologised for pulling out of a tournament midway and show-caused his teammate H S Prannoy for slamming the federation after not being nominated for the Arjuna honour.
BAI General Secretary Ajay Singhania said that BAI is in receipt of the letter from the shuttler.
India's badminton great Prakash Padukone will receive the prestigious Lifetime Achievement Award this year from the Badminton World Federation (BWF).
The Badminton Association of India (BAI) has urged its players and officials to "keep a positive frame of mind" and "stay home" to contribute in the fight against the dreaded COVID-19 pandemic, which has resulted in a nationwide lockdown.
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.
Tasnim Mir, who earlier this month became the first Indian to claim world number one status in the U-19 category, beat Keyura Mopati 13-21, 21-14, 21-19 to set up a second round clash against Malvika Bansod.
In signs of acceleration in economic activity, India's tax collections on goods sold and services rendered returned to over Rs 1 lakh crore in July after the second wave of Covid-related restrictions caused a blip in the previous month. Goods and Services Tax (GST) mop-up grew 33 per cent year-on-year in July to over Rs 1.16 lakh crore, indicating that the economy is recovering at a fast pace. In July 2020, the collection was Rs 87,422 crore. This is the second highest collection so far this fiscal after a record Rs 1.41 lakh crore mop-up in April.
Ishaan and Sai Pratheek took just 30 minutes to get the better of English duo
Chief National coach Pullela Gopichand, who guided India to two Olympic medals, has opted out of India's Olympics-bound badminton contingent to create space for Indonesia's Agus Dwi Santosa, who trains singles shuttler B Sai Praneeth.
'We told them we are ready to conduct the India Open in December or January but it all depends on how this global health crisis comes under control and if we get the government approval'
A day after joining the OECD-G20 framework for global minimum tax, the finance ministry on Friday said some significant issues including share of profit allocation and scope of subject to tax rules are yet to be addressed and a 'consensus agreement' is expected by October after working out the technical details of the proposal. Total 130 countries on Thursday agreed to a overhaul of global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum 15 per cent rate. India is in favour of a consensus solution which is simple to implement and simple to comply.
Affordable pricing, a variety of themes, and the ease of transacting are among key reasons that have made smallcases a hit among young investors.
Top Indian shuttlers, including world champion P V Sindhu, will be able to hit the courts from July 1 if the Telangana government allows the Badminton Association of India (BAI) to organise a national camp in Hyderabad. With COVID-19 cases surging in Hyderabad, the Telangana government, as a precautionary measure, extended the lockdown till June 30 but it meant the resumption of the sport got further delayed for the top players in the state.
Shastri shared a picture on Twitter on Tuesday along with SRK, Raveena Tandon, and industrialist Gautam Singhania.
There's just one word for her -- stunning!
According to an official statement, Union road transport and highways minister Nitin Gadkari said the 19 other places in the country include Phalodi-Jaisalmer road and Barmer-Jaisalmer road in Rajasthan, Kharagpur-Balasore road in West Bengal, Hashimara-Guwahati road in Assam, Bhuj-Naliya road in Gujarat, Leh/Nyoma area in Assam and on the Jorhat-Baraghat road, among others.
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.
Vintage car lovers were in for a treat on Sunday as four-wheelers from the past rolled down the streets of Mumbai's Bandra-Kurla complex. The event is one of the installments of the Mumbai Festival held by Things2do & Maharashtra tourism department, which is organising various events to boost the city's tourism and provide the best experiences to the Mumbaikars. This Vintage Drive in partnership with Vintage and Classic Car Club of India and Western India Automobile Association saw over 200 vintage cars and bikes participating in the event -- a 20-kilometre long stretch from BKC to Ballard Pier in south Mumbai. To kick off this event, Maharashtra Chief Minister Uddhav Thackeray rolled in with style, who drove himself to the venue. And from what we could see, the CM is an auto-enthusiast himself, taking in the sights.
The government is expected to defer the mega initial public offering (IPO) of LIC to the next financial year as the ongoing Russia-Ukraine war has dampened fund managers' interest in the public issue, market experts said on Sunday. The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer. The IPO would have helped meet the curtailed divestment target of Rs 78,000 crore this fiscal.
Sanjay Mishra to become new BAI general secretary
The car rebuilt with a V8 Chrysler engine and it produces 500 BHP. It can attain a top speed of 200 kmph.
India's top shuttlers PV Sindhu and Saina Nehwal will be seen in action for the first time since the coronavirus-forced break when they compete in three upcoming tournaments in Bangkok, including the prestigious BWF World Tour Finals.
Indonesian coach Agus Dwi Santoso has been roped in to guide the singles players -- both men and women -- ahead of Tokyo Olympics. Badminton Association of India (BAI) secretary, Ajay Singhania said the visa process has started and Santoso is likely to join the Indian team in the mid of next month.
'Nothing in this world is permanent. So also in business.' 'And more so in family businesses where family issues often influence business decisions,' point out S Subramanian and Nupur Pavan Bang.
NH-925 is India's first national highway to be used for emergency landing of IAF aircraft.
The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
Suppose you have transferred money to your trading account but did not use it to buy securities, the broker could misuse this money, warns Sanjay Kumar Singh.
Markets regulator Sebi's proposal of treating all orders emanating from application programming interface (API) as algorithmic or algo order can restrict the growth of such trading in India, brokerage houses said on Monday. In market parlance, algo trading refers to any order that is generated using automated execution logic. The algo trading system automatically monitors the live stock prices and initiates an order when the given criteria are met.
Armaan Jain and Anissa Malhotra's wedding reception saw the who's who of Bollywood in attendance.
Lack of infrastructure and racing culture among the Indians have resulted in motorsports not being able to grow as quickly as it could have in the country, feels racing enthusiast and businessman Gautam Singhania.
Supreme Court Judge Justice Indira Banerjee on Friday recused from hearing a plea field by kin of two Bharatiya Janata Party workers, who were killed in poll related violence on May 2 in West Bengal, seeking court monitored probe and transfer of cases to the Central Bureau of Investigation or Special Investigation Team (SIT).
The project will house 3,000 residential units across 10 towers in the first phase on a 20-acre land parcel that Raymond owns in Thane
Age-fudging has been a big problem in Indian sports
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