Indian

FPIs pull out Rs 929 cr from Indian markets so far this month

Apr 11, 2021

Rusmik Oza, executive vice president, head of fundamental research at Kotak Securities, said FPI outflows came on the back of rise in Covid cases and a sharper depreciation in the Indian rupee compared with USD.

Inflow into gold ETFs climbs over 4-fold to Rs 6,900 crore in FY21

Apr 11, 2021

The safe haven asset had witnessed net outflows of Rs 412 crore in 2018-19, Rs 835 crore in 2017-18, Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore in 2014-15 and Rs 2,293 crore in 2013-14.However, the segment had witnessed an infusion of Rs 1,414 crore in 2012-13.

Over the past few years, retail investors poured more money into equities as compared to gold ETFs, mainly on account of decent returns.

India bans exports of Remdesivir drug as new COVID-19 cases hit another record

Apr 11, 2021

India’s drug regulator and some state governments have in recent days raised concerns over hoarding and black marketing of Remdesivir, which in some instances is being sold at over 10 times the maximum retail price.

Decision on Maharashtra lockdown after April 14: State Health Minister

Apr 11, 2021

“Duration of the lockdown and how to handle its economic fallout was discussed during today’s meeting. The task force is of the view that the prevailing coronavirus situation in the state is such that a lockdown is required,” the minister said.

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