The drivers behind this surge include heightened uncertainty and...
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FPIs withdraw Rs 34,574 cr from equities in Feb; total outflow hits Rs 1.12 lakh cr in 2025
"Elevated valuations of Indian equities, alongside concerns about...
India’s declining household savings amid reduced FDI is big concern: Report
A major reason for this decline mentioned by the report is the drop...
RBI raises key policy rate by 50 bps to rein in inflation, slashes growth target to 7.2% from 7%
RBI retained the inflation projection at 6.7 percent for the current fiscal while slashing the real GDP growth estimate to 7 percent from the earlier forecast of 7.2 percent for FY'23. India's annual retail inflation rate accelerated to 7% in August, driven by a surge...
Govt hikes interest rates on some small savings schemes by up to 30 bps in Q3
Senior Citizen Savings scheme will earn 20 basis points more to 7.6 per cent from the existing rate of 7.4 per cent during the October-December period, a finance ministry notification said New Delhi: The government on Thursday raised rates on some small savings...
Better internet penetration driving online jewellery sales in India: World Gold Council
Most online sales, it said, are driven by consumers aged between 18 and 45 and while online jewellery purchases have risen, the average ticket size has, however, remained between 5 and 10 grams Online jewellery sales in India have seen rapid growth over the past few...
LIC buys over 2 pc stake in BPCL for nearly Rs 1,598 crore
As per Sebi's regulatory norm, listed companies have to disclose shareholding in excess of 2 per cent Mumbai: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year....
Nearly half of asset managers don’t base any sell orders on ESG-survey
Some fund managers have become more willing to invest in fossil fuels this year, he added, as a European energy crisis has pushed up the value of those assets,, Nick Samuels, head of manager research at Redington . Forty-three percent of asset managers were unable to...
Investors lose Rs 13.30 lakh cr in four days of market crash
''However, the overall narrative of the market remains weak, especially following the cautiousness ahead of the RBI MPC due later this week,'' said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd Mumbai: Equity investors' wealth has...
Majority of millennials planning to take family holiday this year : Report
The survey revealed that 42 per cent of millennials are open to spending Rs 2-5 lakhs for their holidays while 33 per cent would spend between Rs 5-10 lakhs. Around 31 per cent of millennials would like to book luxury properties while 27 per cent would go for budget...
RBI set for fourth straight rate hike to quell inflation, say experts
Inflation will remain elevated this year and the next, ADB said in an update to its flagship Asian Development Outlook (ADO) 2022 report ''This Update forecasts the inflation rate averaging 6.7 percent in FY2022 (fiscal ending in March 2023) before moderating to 5.8...
FPIs pump in Rs 8,600-cr in Sep; pace of investment slows
FPIs turned net buyers in July after nine straight months of net outflows, which started in October last year. Between October 2021 till June 2022, they sold Rs 2.46 lakh crore in the Indian equity markets. New Delhi: After infusing more than Rs 51,000 crore last...
Equity investors poorer by Rs 4.90 lakh cr as Sensex tumbles nearly 2 pc
''With the latest round of interest rate tinkering by the US central bank, investors have turned risk averse and are dumping shares at will. Traders are also worried about the escalation in Russia-Ukraine conflict, which is prompting them to exit equities and park...