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FPI profile: Foreign investors continue offloading in April, pull out Rs 48,213 crore so far

Foreign investors continued exiting Indian equities in April, offloading Rs 48,213 crore ($5.14 billion) from the cash market in just the first ten days of the month, as global uncertainty and geopolitical tensions continued to weigh on sentiment. This sustained selling comes after a historic pullback in March, when foreign portfolio investors (FPIs) exited with…

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‘Didn’t want to sell a single share’: SoftBank founder says he was ‘crying’ while offloading Nvidia stake — here’s why

SoftBank Group founder Masayoshi Son revealed that he “was crying” when he sold the company’s stake in Nvidia, highlighting how reluctant he was to part with the fast-rising chipmaker. This emotional exit raises a key question — what compelled Japan’s second-richest man to give up the shares despite not wanting to?Speaking at the FII Priority…

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No plans for public sector banks merger? Government issues clarification; here’s what MoS detailed on FDIs, IDBI offloading & more

The government on Monday confirmed that there are no ongoing discussions or plans regarding the restructuring or combining of public sector banks.Pankaj Chaudhary, minister of state for finance, in a written reply to the Lok Sabha ruled out any such consideration and clarified, “presently, no proposal on merger or consolidation of Public Sector Banks (PSBs)…

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