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Foreign investors pulled Rs 23,885 crore out of Indian equities in September, pushing total outflows for the year so far to Rs 1.58 lakh crore, according to depository data.This marks the third straight month of net selling, following heavy withdrawals of Rs 34,990 crore in August and Rs 17,700 crore in July.Himanshu Srivastava, principal and…
MUMBAI: India’s capital markets have been resilient, defying global slowdown on the back of robust support from domestic investors, allowing a spate of startups to go public. This has been “the single biggest” positive development for all private market investors, said Shailendra Singh, MD at Peak XV Partners. This is the first time India’s capital…
NEW DELHI: Supreme Court ruled that FIRs lodged against people for duping investors in different states cannot be clubbed into one FIR for the convenience of the accused as it would entail long-distance travel for witnesses and complainants during trial proceedings.Dealing with a plea of Pavan Kumar Odela-run Falcon Capital Ventures for clubbing of existing…
US equities edged cautiously on Tuesday as Wall Street approached the end of another strong month, with investors balancing optimism over corporate earnings against economic uncertainty and the potential for a government shutdown.The S&P 500 slipped 0.2% in early trading, while the Dow Jones Industrial Average fell 27 points, or 0.1%. The Nasdaq composite was…
Indian equities are set for a data-heavy, holiday-shortened week in which the Reserve Bank of India’s policy decision, tariff-related developments and global cues will steer market sentiment, analysts said. Trading will remain shut on Thursday for Dussehra and Gandhi Jayanti.Alongside the RBI’s October 1 rate decision, investors will track key macro data such as industrial…
Tata 1mg seeks $200 mn funding Tata 1mg, the online pharmacy arm of Tata Digital, is looking to raise $200 million in a fresh funding round, attracting interest from Novo Holdings, Canadian pension fund CPPIB, Permira, and Chrys Capital, according to sources familiar with the matter.The fundraising is part of a larger capital raise across…
A sudden spike in H-1B visa fees has thrown the Indian IT sector into uncharted waters. Investors are recalculating risks as a key cost pillar—the US-bound talent pool—faces unprecedented charges, potentially reshaping the profitability of India’s software exporters.US President Donald Trump announced that new H-1B visas will now attract an annual fee of $100,000. A…
Foreign portfolio investors (FPIs) have withdrawn Rs 7,945 crore from Indian equities in September so far, weighed down by global uncertainties including tariffs and ongoing geopolitical tensions, according to depository data. The sell-off follows heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, taking the total net equity outflow by…
MUMBAI: Adani Group chairman Gautam Adani welcomed Sebi’s decision dismissing the allegations made by the US-based short seller Hindenburg Research. He also expressed sympathy for investors affected by the Jan 2023 Hindenburg report and called for an apology from those “spreading misleading narratives”. The infra tycoon, through a post on X, said: “After an exhaustive…
NEW DELHI: India’s largest tech-enabled home services marketplace, Urban Company, made a blockbuster debut on Dalal Street on Wednesday.The stock listed at Rs 162.25 on NSE, a 57.5% premium over its IPO price of Rs 103. On BSE, the stock opened at Rs 161, up 56.3%, before rallying further to Rs 179, a gain of…
