The FIIs as per Tuesday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 10109.27 crore against gross selling of Rs 13667.63 crore. Thus, FIIs stood as net sellers of Rs 3558.36 crore in equities. In the debt … Read more
Indian shares closed lower on Tuesday, with auto shares leading losses due to expectations of delayed domestic rate cuts while metals declined tracking a fall in global prices. The Nifty 50 index fell 0.28% to 25,057.35 points as of 3:30 p.m. IST, while the S&P BSE Sensex dropped 0.2% to 81,820.12. The prospect that a … Read more
India's HDFC Life Insurance reported a near 15% rise in second-quarter profit on Tuesday, but a key margin declined, triggering the worst fall in its shares in nearly a month. Demand for market- or unit-linked insurance plans (ULIPs) has been strong in recent quarters, driven by India's strong equity market. However, a rise in sales … Read more
The healthcare and pharma sector saw an overall 64 deals, valued at $2.8 billion in Q3 of 2024, marking the sector's highest quarterly volumes in three years, according to a report on Tuesday. The report by Grant Thornton Bharat showed that mergers and acquisitions, and private equity deal volumes increased significantly, with 59 deals worth … Read more
A whopping 99 per cent of C-suite leaders across India consider generative AI as an important factor, highlighting a major shift towards AI-driven transformation within the corporate landscape in the country, according to a report on Tuesday. The report, based on a survey of over 300 C-suite leaders by enterprise software major Salesforce survey, indicated … Read more
The Indian fintech startup ecosystem secured $778 million in funding in the July-September period, reaching second spot globally after the US in terms of fintech funding raised in the third quarter, according to a report on Tuesday. This growth can be credited to government initiatives such as the promotion of digital payments through UPI, with … Read more
Indian rupee weakened against the US dollar on Tuesday, weighed down by sustained foreign fund outflows and strength of the American currency in the overseas market. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 3,731.59 crore, exchange data showed. While, rising India’s retail inflation … Read more
The Indian housing market saw over 225,000 units being sold during the first nine months of the year, demonstrating strong performance in absolute terms, according to a new report. The sustained positive sentiment in the housing market has encouraged developers to launch new projects and additional phases, resulting in approximately 215,000 new units entering the … Read more
The government has advanced its target for 20 per cent ethanol blending by 2025, reinforcing its commitment to sustainable energy, Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Monday. The minister said discussions have already started to develop a roadmap for the future, post the attainment of the 20 per … Read more
The Indian rupee is likely to open mostly unchanged on Tuesday, holding near its all-time low, with the dollar making its way to the highest in more than two months. The decline in oil prices alongside expectations that the Reserve Bank of India will intervene are likely to counter the dollar's rally. The 1-month non-deliverable … Read more