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Foreign portfolio investors (FPIs) turned aggressive sellers in Indian equities in March, pulling out Rs 52,704 crore (around USD 5.73 billion) from the cash market in the first fortnight of the month. The withdrawals come amid escalating tensions in West Asia, the weakening of the rupee and growing concerns over the impact of elevated crude…
A sharp sell-off in equities last week led to a significant erosion in the market value of the country’s most valuable companies, with the top 10 firms together losing Rs 4.48 lakh crore. Banking heavyweights State Bank of India and HDFC Bank saw the steepest decline in their valuations during the period. The fall in…
In a remarkable surge, Kamakhya Narayan Singh’s latest flick, ‘The Kerala Story 2: Goes Beyond,’ is just shy of the Rs 50 crore milestone. After a solid start to its third week, the film collected Rs 2.96 crore on the 16th day, showcasing a healthy increase from its previous Friday’s earnings. With total net collections…
NEW DELHI: The RSS Friday presented fresh data on its expanding organisational footprint, saying it contacted more than 10 crore households across over three lakh villages and added nearly 6,000 new shakhas in a year, as the meeting of its top decision-making body began at Samalkha in Haryana. The organisation said the number of daily…
Pakistan’s Abrar Ahmed celebrates during the T20 World Cup. (AP) NEW DELHI: In a rare instance of a Pakistani cricketer being picked by an Indian Premier League (IPL)-backed franchise, Abrar Ahmed‘s signing at The Hundred auction could leave the Pakistan Cricket Board (PCB) in a tricky spot, with the spinner’s availability potentially clashing with Pakistan’s…
NEW DELHI: Amid the uncertainty caused by the conflict in West Asia, finance minister Nirmala Sitharaman on Friday announced a plan to set up a Rs 1 lakh crore Economic Stabilisation Fund (ESF), aimed at providing fiscal headroom to respond to challenges.“ESF will help India (deal) with global headwinds such as the recent crisis, unanticipated…
The Ranveer Singh-led ‘Dhurandhar: The Revenge’ has begun its box office run on a strong note, with early advance booking figures suggesting the film could set a new record for paid premiere shows in India.Directed by Aditya Dhar, the sequel has already generated massive buzz ahead of its release. According to trade data on Sacnilk,…
NEW DELHI: In 2016, Axis Bank refused to allow a Delhi-based company to deposit Rs 3.2 crore in cash during demonetisation. The National Consumer Disputes Redressal Commission has now ordered the bank to pay the amount with 6% interest to the company as its cash turned into “worthless paper” when the deadline passed and suffered…
Panaji: The directorate of enforcement (ED), Goa, on Friday provisionally attached three immovable properties with a total market value of Rs 6.3 crore in connection with an alleged money laundering investigation against Estevan D’Souza and others in a land grab case. With the present attachment, the total value of properties attached in the case stands…
The closure of Strait of Hormuz is hitting not just oil and LPG supply, but also other trade, which may ultimately hit across sectors in India. (AI image) Indian equity markets have witnessed a ‘crude’ shock! The US-Iran war and rising oil prices have spooked investors globally, and Sensex and Nifty are not immune to…
