BUSINESS
Return of FIIs: Valuations attract foreign capital after 6-month hiatus
The market has seen an inflow of over Rs 7,000 crore (provisional data) worth of investments since late March till date. This comes after foreign investors sold over Rs 40,000 crore in Indian equities market during the whole of March 2022. March was the sixth straight month when foreign portfolio investors pulled out Rs 41,123 crore from the Indian equity segment, National Securities Depository data had revealed.
How CCI order is also a breather for Zomato, Swiggy
While the CCI has indeed directed a Director-General (DG) investigation, the order in some sense is a vindication for the food delivery companies since the CCI has not found concerns with issues around "bundling of services, their independence with respect to levy of commissions or the alleged imposition of unilateral clauses on restaurant partners".
Rise in domestic petrol prices lower than US, Germany and others: Puri
Lately, global crude oil prices have risen due to the Russian-Ukrainian war. articipating a debate in Lok Sabha on the fuel price rise, Puri defended the Centre and said that price of petrol have been raised by Rs 9 over 12 or 13 days, whereas the international prices have shot up. He cited figures, which compared petrol prices between April 2021 and March 2022.
Rising ownership, fuel costs subdue India's March auto sales: FADA
FADA data showed a YoY fall of 2.87 per cent in overall automobile retail sales during the month under review. he overall retail sales fell to 16,19,181 units last month from 16,66,996 units sold during the corresponding month of 2021. Also, last month's overall retail sales figure, when compared to the March 2020 period, showed a decline of 29.99 per cent.
$100 Billion Club: India’s Gautam Adani joins ranks with Elon Musk and Warren Buffett
Adani joined this elite club which includes Tesla CEO Elon Musk, Jeff Bezos founder of Amazon and other 7 billionaires. Gautam Adani has also become the richest person in Asia, surpassing Reliance Industries’ chairman Mukesh Ambani. Indian businessman Adani and French businessman Bernard Arnault- chairman of luxury goods group (LVMHF) are the only non-Americans in the centibillionaires club.
Global market for nuclear missiles, bombs to witness 73% spike by 2030: Report
The global market for nuclear missiles and bombs is expected to surpass $126 billion by 2030. The world is witnessing an increase in military spending as a result of the ongoing Russian Ukraine war, according to the report. South Asian countries may surpass the west in boosting their nuclear arsenals, the report claimed.
Profit booking subdues equity, MPC meeting in focus for fresh cues
Sensex closed 0.7 per cent or 435 points down at 60,177, whereas Nifty dipped 0.5 per cent or 96 points down to 17,957. For the near-term, the outcome of the Reserve Bank of India's upcoming monetary policy meeting starting Wednesday would be the major factors that will dictate the market outlook.
Zomato shares decline as CCI probes alleged unfair business practices
The two online food delivery platforms are allegedly involved in delayed payment cycles and exorbitant commissions. Shares of food-aggregator Zomato declined on Tuesday after the Competition Commission of India ordered a thorough investigation into the conduct of online food delivery platforms Zomato and Swiggy.
India's robust plans on Electric Vehicles to ensure cleaner environment
Keeping in mind the goals set under the Paris agreement, the increasing number of automobile customers shall not imply an increase in the consumption of conventional fuels. The Indian government is religiously pushing the introduction of Electric Vehicles (EV) and this would not only reduce India's oil import bills in the longer term but also ensure a cleaner environment.
USD reaches over 300 against SL rupee for first time
US Dollar on Tuesday reached over 300 against Sri Lankan Rupee LKR for the first time as reported by country's banks. The island nation is facing a severe economic crisis with the shortage of foreign exchange. Economists said this was the first time in Sri Lankan history that the US dollar hit the 300 mark against the LKR.
Don't Miss
Advertisement