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FPIs stay bullish on India, pour in Rs 5,072 cr in October so far
Regarding the future course of FPI flows, Harsh Jain, co-founder and COO, Groww, said, “The momentum is expected to continue in the long term as India is a very attractive investment destination with sound fundamentals. The markets are extending gains in the hopes of better quarterly results. Brexit deal, if successful, will bring more confidence to the global investors’ sentiments and help boost investment into India.
Many countries have cautioned on rushing into crypto currencies, says Sitharaman
“Some of them (countries) of course even suggested that they shouldn’t be using, all of us shouldn’t be using the name stable currency because that’s the expression they used. Many cautioned to the extent saying even the name should not be stable currency, it should relate to virtual currency or something of the kind,” she said.
SBI General PAT at Rs 278 crs, up 9% in H1 FY 2019-20
The general insurance arm of banking major State Bank of India (SBI) reported an underwriting profit of Rs 37 crores in H1 19-20.
“Our focus on our claims promise has remained undeterred we have consistently delivered on it with Rs 1196.96 cr settled in H1 FY 19-20. We have settled 99 per cent of claims during some of the recent natural catastrophes”, said Pushan Mahapatra, MD & CEO, SBI General Insurance.
ICICI General Insurance net profit at Rs 308 cr, up 5% in Q2 2019-20
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