The latest outflow comes after foreign investors returned to Indian equities in July and Aug NEW DELHI: Foreign Portfolio Investors (FPIs) have turned cautious again, pulling out Rs 20,974 crore from Indian equities so far in Sept amid global uncertainties, higher US interest rates and bond yields, elevated crude oil prices and a weakening rupee.The…
Despite participating in the share sale, several of the larger institutional investors have made only limited reductions to their holdings. NSE IPO: Most existing shareholders of the National Stock Exchange of India (NSE) have continued to hold a substantial part of their stakes even after selling shares through the offer-for-sale (OFS) portion of the exchange’s…
A street vendor sells walnuts on the occasion of the Sayar festival, in Mandi on Wednesday. (ANI Photo) KOKERNAG: In Gohan village, around 100km south of Srinagar, Shabir Ahmad was among many harvesting walnuts from a towering tree. The work has become increasingly difficult. “My back aches now,” Ahmad said. J&K produces 3.5 lakh tonnes…
The conference is being held on September 19 and 20 Prime Minister Narendra Modi on Saturday inaugurated a two-day international conference on “The Future of Environment and Climate Dynamics”, organised by the National Green Tribunal (NGT) at Vigyan Bhawan in New Delhi.The conference, being held on September 19 and 20, brings together judges, environmental experts,…
A faded report card, a colourful drawing made with uneven crayons or a tiny note written in a child’s handwriting may seem like ordinary pieces of paper. But for many parents, throwing them away can feel surprisingly difficult. Even when children grow into adults, parents may continue to keep folders filled with schoolwork, drawings and…
It’s not easy to switch careers! But a young girl from Himachal Pradesh left her air hostess training to become a truck driver. Meet 25-year-old Neha Thakur who chose a career path few would have expected. After graduating, she trained in the aviation sector and today, she spends her days behind the wheel of a…
India is on track to record real GDP growth of 6.5-7 per cent in the current fiscal, while nominal GDP growth is expected to be around 11-12 per cent, according to a latest report by brokerage Jefferies.The brokerage also expects corporate earnings growth to accelerate to 17 per cent in the fiscal year beginning April…
The curious link between hemlines and the economy As wacky as it sounds, fashion and the economy have been linked by an unusual theory for nearly a century: the Hemline Index. In one of the strangest attempts to study economy, the theory proposes: skirts get shorter when times are good and when the economy struggles,…
Gold is likely to remain volatile and range-bound in the coming week as traders track movements in the US dollar and bond yields, developments in the the Middle East conflict and the direction of crude oil prices.According to analysts, after a week dominated by monetary policy and geopolitical developments, investors are expected to turn their…
Bank holiday in September Bank customers planning a branch visit on Monday, September 21, should note that banks will remain closed in parts of the country for regional holidays.According to the Reserve Bank of India’s holiday calendar, bank branches in Assam and Kerala will remain closed on September 21.The closure is not applicable nationwide, as…
