At 18%, FPI stock holding drops to near 11-year low
MUMBAI: Foreign fund ownership in NSE-listed companies stood at just over 18% at September-end, almost almost at the same level it was over a decade ago, a report showed. In … Read More
Category: Business
Focus on moving up services value chain rather than manufacturing to propel India into ‘Amrit Kaal’: Former RBI governor Raghuram Rajan
HYDERABAD: India’s ambition to march into `Amrit Kaal’ by 2047 is an important one but the current pace of growth is not enough to get us there as we will … Read More
These 5 sectors rocked on Dalal Street last week; will the bull run sustain?
The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based in the … Read More
Activision to pay $ 50 mn to settle workplace harassment lawsuit
Activision Blizzard will pay roughly USD 50 million to settle a 2021 lawsuit by a California regulator that alleged the videogame maker discriminated against women employees, including denying them promotion … Read More
Beyond IPOs and FPOs, Ashish Kacholia, Zerodha invest in NPO which gives zero return
Smallcap czar Ashish Kacholia, known for his multibagger picks, invested Rs 30 lakh while Zerodha generously invested Rs 1 crore. Other two investors are NABARD and HNI Govind Vaidiram Iyer.
Fed seen pivoting to interest rate cuts in March, perhaps earlier
Economic data on Thursday showing stronger-than-expected retail sales in November and a smaller-than-anticipated rise in weekly jobless claims had traders paring a bit of their earlier enthusiasm for Fed policy … Read More
Say goodbye to waitlisting! Indian Railways readies plan to purchase new trains worth Rs 1 lakh crore
The Indian Railways is set to acquire new trains worth Rs 1 lakh crore in the coming years to meet the increasing demand for passenger travel, according to Union Railways … Read More
Big movers on D-Street: What should investors do with Axis Bank, Sonata Software and PI Industries?
Stocks that were in focus include names like Axis Bank, which fell 1.25%, Sonata Software, which was down 4%, and PI Industries, whose shares declined 1.7% on Wednesday.
Gold rises as Fed rate-cut prospects dent dollar, bond yields
Gold prices extended gains to a one-week high on Thursday after the US Federal Reserve flagged an end to its tightening cycle and signalled lower borrowing costs in 2024, sending … Read More
Asian markets mixed after US inflation data as Fed decision looms
HONG KONG: Markets were mixed Wednesday after an unremarkable US inflation report tempered expectations for an interest rate cut early next year, with attention moving to the Federal Reserve’s policy … Read More