The latest outflow comes after foreign investors returned to Indian equities in July and Aug NEW DELHI: Foreign Portfolio Investors (FPIs) have turned cautious again, pulling out Rs 20,974 crore from Indian equities so far in Sept amid global uncertainties, higher US interest rates and bond yields, elevated crude oil prices and a weakening rupee.The…
The poll of a dozen economists showed that a majority expects repo rate to rise by 25 basis points NEW DELHI: Most economists are betting on a rate hike by the monetary policy committee in Oct in the wake of acceleration in inflation, massive liquidity and central banks increasing interest rates in the US and…
TEDT won’t bear cost for ‘created disputes’:, said Mehli Mistry MUMBAI: Following the showdown between Tata Trusts chairman Noel Tata and the board of Tata Sons, a trustee of the Tata Education and Development Trust (TEDT) has objected to potential legal costs from what he described as “created” disputes, according to people familiar with the…
While Salve publicly defended Chandrasekaran’s reappointment and endorsed idea of listing Tata Sons, Singhvi accused Tata Sons of undermining shareholder rights MUMBAI: It is Singhvi versus Salve in the Tata battle. After standing together for Tata Sons and Tata Trusts in the Cyrus Mistry case, two of India’s most high-profile lawyers are now on opposite…
GST gains fade as rising costs dilute price cuts, leaving sectors with mixed outcomes NEW DELHI/MUMBAI: A year after GST rationalisation, higher commodity prices have eroded a large part of the gains with prices of several products – from food to consumer goods and automobiles – slowly inching up.Within the multiple segments that saw rate…
Despite participating in the share sale, several of the larger institutional investors have made only limited reductions to their holdings. NSE IPO: Most existing shareholders of the National Stock Exchange of India (NSE) have continued to hold a substantial part of their stakes even after selling shares through the offer-for-sale (OFS) portion of the exchange’s…
The curious link between hemlines and the economy As wacky as it sounds, fashion and the economy have been linked by an unusual theory for nearly a century: the Hemline Index. In one of the strangest attempts to study economy, the theory proposes: skirts get shorter when times are good and when the economy struggles,…
India is on track to record real GDP growth of 6.5-7 per cent in the current fiscal, while nominal GDP growth is expected to be around 11-12 per cent, according to a latest report by brokerage Jefferies.The brokerage also expects corporate earnings growth to accelerate to 17 per cent in the fiscal year beginning April…
Gold is likely to remain volatile and range-bound in the coming week as traders track movements in the US dollar and bond yields, developments in the the Middle East conflict and the direction of crude oil prices.According to analysts, after a week dominated by monetary policy and geopolitical developments, investors are expected to turn their…
Bank holiday in September Bank customers planning a branch visit on Monday, September 21, should note that banks will remain closed in parts of the country for regional holidays.According to the Reserve Bank of India’s holiday calendar, bank branches in Assam and Kerala will remain closed on September 21.The closure is not applicable nationwide, as…
