"There has been no respite from FIIs selling in local equities in...
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Sebi urges investors to deal with only registered persons & entities
"The information about authentic persons or institutions registered...
FPIs take out Rs 58,711 cr from equities in Oct, DIIs come to the rescue of stock market
The major trend in foreign portfolio flows in October, so far, has...
LIC IPO: Corporation’s embedded value set at over Rs 5 trn,DIPAM Secretary
While there has been speculation about the number in Indian media - from as low as $53 billion to as high as $150 billion - this is the first time the government, which owns 100% of LIC, is commenting on the matter. The embedded value will help establish the market...
Crypto’s like Bitcoin and Ethereum will never become a legal tender: Finance Secretary
Finance Secretary TV Somanathan Finance Secretary said, “Digital rupee will be backed by RBI which will never default. Money will be of RBI but the nature will be digital. The digital rupee issued by RBI will be the legal tender. We can purchase non-digital assets...
LIC IPO: Draft prospectus to be filed next week, issue in March: Dipam Secy
Secretary in the department of investment and public asset management (DIPAM) Tuhin Kanta Pandey, said approval of the insurance regulator is awaited, post which the draft prospectus, detailing the size of the share sale, will be filed. New Delhi: Government is likely...
India targets infrastructure spending in growth budget
Seven engines of the PM Gati Shakti initiative are roads, Railways, airports, ports, mass transport, waterways and logistics infra. Production Linked Incentive (PLI) Scheme for achieving Aatmanirbhar Bharat has received an excellent response, with the potential to...
Sensex surges 850 points ahead of Union Budget 2022-23
This is the second consecutive day of the rally in the Indian stock markets ahead of the presentation of the budget. The Sensex had rallied 813.94 points or 1.42 per cent on Monday. The broader Nifty 50 of the National Stock Exchange was trading 242.15 points or 1.4...
Investors’ wealth jumps over Rs 3.33 lakh cr as markets rally
Vinod Nair, head of research at Geojit Financial Services, said taking positive cues from global markets and favourable takeaways from the Economic Survey report, the market rallied ahead of the Budget day Mumbai: Investors' wealth on Monday gained over Rs 3.33 lakh...
Global gold demand rises 10% to 4,021 tonnes in 2021: WGC
"The demand for the yellow metal was mainly driven by Central bank buying during the fourth quarter of 2021, recovery in jewellery consumption, mainly in India and China," WGC Regional CEO, India, Somasundaram PR told PTI Mumbai: Global gold demand rose 10 per cent to...
FPIs pull out a whopping Rs 28,243 crore from Indian equities in Jan
With the latest pull out of funds from Indian markets, FPIs have become net sellers for fourth consecutive month ''With US Fed signalling that it will start hiking interest rates soon and shrink its bond holdings, FPIs went on a selling spree in the Indian equity...
Sensex succumbs to late sell-off, ends 77 pts lower
Vinod Nair, Head of Research at Geojit Financial Services, said, ''After the decent opening post yesterday's weak closing, domestic bourses again staged a quick sell-off, tracking weak European trend. Policy tightening by the US Fed and rising geopolitical tensions in...
India’s gold demand skyrockets to 797.3 tons in 2021: WGC
Going forward, WGC Regional CEO, India, Somasundaram PR said, this year COVID-19 and its future variants will remain a factor to watch as will price movements in gold, given global concerns on inflation, interest rate and geo-political developments New Delhi: India's...