Jairam Ramesh (File photo) NEW DELHI: The Congress took a jab at Prime Minister Narendra Modi on Monday over the sharp fall in the value of the rupee, stating that as the decline continues, he has been “hoist with his own petard.” The rupee recorded its steepest drop in nearly two years, plummeting 55 paise…
NEW DELHI: Foreign investors have turned net sellers in Oct, offloading shares worth Rs 27,142 crore in just the first three days of the month due to intensifying conflict between Israel and Iran, a sharp rise in crude oil prices, and improved performance of Chinese stock markets.The outflow came after FPI investment reached a nine-month…
NEW DELHI: Foreign investors have poured Rs 57,359 crore into Indian equities in Sept, making it the highest inflow in nine months, mainly driven by a rate cut by the US Federal Reserve.With this infusion, foreign portfolio investors’ (FPIs) investment in equities has surpassed the Rs 1 lakh crore mark in 2024, data with the…
Having recently surpassed the 85,000 mark, the Sensex is now edging closer to the highly anticipated 1 lakh milestone. (AI image) The Sensex, India’s primary stock market index, has delivered remarkable returns of 850 times to investors over the past 45 years, compounding wealth at an impressive CAGR of around 16%. To put it in…
Stock market crash an opportunity? The BJP’s underwhelming performance in the recent Lok Sabha elections has wiped out nearly all the gains made by the Nifty this year in a single day. On Tuesday, the Nifty plummeted by 1,379 points or 5.93%, yet it continues to trade at a premium valuation compared to other global…
NEW DELHI: Ahead of Starlink-promoter Elon Musk‘s visit to India, the Centre has notified a new Foreign Direct Investment (FDI) limit for various satellite-related activities under Foreign Exchange Management (Non-Debt Instruments) Rules, enabling foreign investors to firm up investment plans in the sector.A notification from the finance ministry said the new rules called the Foreign…
