Foreign Portfolio Investors (FPIs) continued to exit Indian equities in May, pulling out Rs 32,963 crore amid concerns over earnings growth, weakening rupee and better opportunities in overseas markets.Data from the NSDL showed that cumulative FPI outflows from Indian equities have now reached Rs 2.25 lakh crore in 2026. The figure has already surpassed the…
Dalal Street is set for a busy week as investors will be tracking domestic and global developments. The RBI’s interest rate decision, key economic data releases, crude oil prices and the evolving US-Iran situation are expected to be the main factors driving market sentiment. Market participants will also keep a close watch on macroeconomic indicators,…
Whether you care about geopolitics or not, your monthly budget has already become an unwilling expert in it!From your morning chai to late-night dessert cravings, the Middle East crossfire is quietly sneaking into your kitchen bills, one price tag at a time. But thankfully, not everything in your grocery list is feeling the heat! The…
NEW DELHI: The price of the Indian oil basket fell below $100 a barrel on Friday for the first time since March 6, as global crude prices cooled by 11% over the past week amid reports that the US and Iran may have reached a deal and that Strait of Hormuz could soon reopen for…
NEW DELHI: Govt on Saturday cut the special additional excise duty (SAED) on exports of diesel, petrol and aviation turbine fuel (ATF), effective June 1.The SAED on petrol exports has been reduced to Rs 1.5 per litre from Rs 3, on diesel to Rs 13.5 per litre from Rs 16.5, and on ATF to Rs…
MUMBAI/NEW DELHI/CHENNAI: India’s consumption looks headed for a near-term slowdown with predictions of an El Nino-weakened monsoon likely to bring the lowest rainfall in 11 years.Deficient rains may weigh on rural demand, impacting volume growth and crimping sales of a host of products ranging from soaps, shampoos, packaged food to two-wheelers and durables. For companies…
. NEW DELHI: Gold demand in India has slipped by nearly 70 per cent after the government doubled import duty on the precious metal earlier this month.The higher fuel and food prices linked to the ongoing Iran conflict had further dragged down the consumer sentiment.Industry estimates showed gold demand fell to around 7.5 tonnes in…
The exemption will be available from June 1 to Oct 31 NEW DELHI: Govt on Saturday announced a five-month duty exemption for all cotton imports into the country, aiming to cool down prices and ensure that the domestic garment and textiles industry remains in a robust state.The exemption will be available from June 1 to…
The US department of homeland security (DHS) has clarified that people applying for green cards do not need to leave the United States while their applications are being processed. This comes after an earlier announcement created confusion among immigrants, employers, and immigration lawyers about the process.Last week, a USCIS news release was seen as suggesting…
Emerging regulatory frameworks such as the European Union’s carbon tax regime and India’s proposed Carbon Credit Trading Scheme (CCTS) are transforming environmental, social and governance (ESG) practices from a voluntary reporting exercise into a key compliance and business priority for companies, industry experts said.They cautioned that companies lacking credible carbon data systems and traceable reporting…
