FPI pulled out net investments worth Rs 11,308 crore from Indian equities in July.the outflow comes after net FPI investment in June stood at Rs 17,215 crore.
”What is encouraging during the first four months is the fact that the number of new investor registrations in India is up 2.5 times year on year as per data released by the NSE,” said S Ranganathan, head of research at LKP Securities.
GOQii is into wearable-based smart-tech-enabled fitness and healthcare, and its platform brings together preventive healthcare ecosystem. The smart health ecosystem integrates tools for personalised coaching, a high-growth health e-commerce store, scheduling health check-ups, a health locker, and the ‘GOQii Cash’ programme where healthy behaviour is rewarded with cash discounts and insurance discounts based on health management data.
GOQii Smart Healthcare’s marquee list of investors include Mitsui, NEA, Megadelta, DSG Consumer Partners, Galaxy Digital, Denlow Investment Trust, Edelweiss, Cheetah Mobile, GWC, and corporate leaders like Ratan Tata, and Vijay Shekhar Sharma.
The country may see a worsening of its outbreak as soon as this month, with the next wave peaking in the best-case scenario with less than 100,000 infections a day, or nearly 150,000 in the worst scenario, according to estimates by researchers led by Mathukumalli Vidyasagar and Manindra Agrawal at Indian Institute of Technology in Hyderabad and Kanpur respectively.
States with high Covid rates, such as Kerala and Maharashtra, could “skew the picture,” Vidyasagar told Bloomberg in an email.
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