Category: Uncategorized

The rupee depreciated 3 paise to 83.15 against the US dollar on Wednesday, tracking a strong greenback against major rivals overseas and massive selling in domestic equity markets. However, inflow of foreign funds in domestic equity markets and softening crude oil prices in the international markets resisted a steep fall in the domestic currency, forex […]

Stock markets snapped their five-day winning run on Tuesday with the benchmark Sensex declining by 199 points due to profit-taking in IT and oil shares and weak global trends. The BSE Sensex dropped by 199.17 points or 0.27 per cent to settle at 73,128.77. The index opened lower but staged a recovery in late-morning deals […]

India on Monday announced the acquisition of five lithium blocks in Argentina. The Mines Ministry, through Khanij Bidesh India Limited (KABIL), signed an agreement with Argentina’s State-owned CAMYEN.  CAMYEN, which stands for Catamarca Minera Y Energetica  Sociedad Del Estado, is based out of the Catamarca province in the Latin American nation. Also read: India closing in on […]

Shares of HCL Technologies climbed over five per cent in the morning trade on Monday after the company reported a 6.2 per cent increase in consolidated net profit to ₹4,350 crore in the December quarter. Also read: Markets hit record peaks: Sensex breaches 73,000 level for first time; Nifty goes past 22k mark The net […]

Foreign portfolio investors (FPIs), recognising the advantage of early investments, are clearly doubling down on Indian debt market , pouring ₹7,912 crore (nearly $1 billion) in government securities in the first 12 days of this month. This comes on top of the turnaround seen in 2023, when the total debt inflows by FPIs hit a […]

There has been a change in the pecking order among regions that foreign portfolio investors (FPIs) invest from into India. Luxembourg has dislodged Mauritius to become the region with the third-largest assets under custody. Its AUC grew 30 per cent last year to ₹4.85 lakh crore, with its equity assets now second only to the […]

India’s regulator want stock trades to be settled instantly, racing far ahead of other major markets in pushing reforms meant to attract more investors. The Securities and Exchange Board of India (SEBI) is proposing to start same-day settlement from March, before moving to a real-time process in 2025. The shorter cycles will be optional for […]

The Securities and Exchange Commission (SEC) on Friday charged investment banking major Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, in a front-running case. According to the US market regulator, the banking major and its employee were involved in a multi-year fraud by disclosing of confidential information […]

Income-tax findings on an “unnamed” company perceived to be Polycab Industries and the company’s clarification failed to convince analysts. The Polycab stock corrected 21 per cent to ₹3,905 on Thursday because of a Ministry of Finance release suggesting tax evasion by the group. While retaining the “Add” rating on the stock, Axis Capital cut the […]

Indian equities attracted good foreign portfolio inflows in 2023 at over $20 billion, but capex by companies is not keeping pace. Private capital expenditure has been sluggish over the last ten years and disruptions such as the Covid pandemic, high inflation rates, supply chain problems have only contributed to an uncertain macro environment. “Despite all […]