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Indian News

FPIs pull out Rs 3,000 crore from equities in 3 trading sessions of October

The outflow in October is on “account of fears of a global recession, trade war and a slowdown in India. FPI inflow is expected to improve on expectations of good corporate earnings in third quarter, but is likely to remain muted due to global economic and trade war concerns. The market shall be supported by domestic investors, ” Arun Mantri, senior manager at Karvy Stock Broking said

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YES Bank files complaint with police against ‘fake news’

“Over the past few days some miscreants have been spreading false information and malicious rumours about Yes Bank on WhatsApp and other social media platforms to create panic and fear in the mind of its depositors. The messages attempt to portray the bank in poor light and are intended to tarnish the image of the bank in the eyes of its depositors, stakeholders and the general public,” the bank said.

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