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FPIs Continue to Exit Indian Market, Impacting Oil, Gas, and Auto Sectors

20 Oct 2024 15:19 PM IST

Continued selling by Foreign Portfolio Investors (FPIs) has negatively impacted key sectors such as financial services, oil & gas, and automobiles, according to a report by the State Bank of India (SBI). October saw record outflows, with significant pressure on various sectors. The financial services sector was hit the hardest,

FPI Selling Eases, but October Records Historic Rs 77,701 Crore Sell-Off

20 Oct 2024 15:05 PM IST

Foreign Portfolio Investors (FPIs) continued to sell Indian equities this week, although at a slower pace compared to the previous week, as per data from the National Securities Depository Limited (NSDL). Between October 14 and October 18, FPIs sold shares worth Rs 19,065.79 crore, a significant reduction from the Rs

H1B Visa ‘History,’ Piyush Goyal Eyes Global Investment Boom

19 Oct 2024 21:27 PM IST

Union Minister Piyush Goyal announces the end of H1B visa discussions in favor of global investment opportunities during his visit to the U.S. Strategic talks covered sectors like clean energy, digital telecommunications, and biosciences.

Top 5 Reasons Behind Byju’s Dramatic Downfall: From $22 Billion to Under $3 Billion in Just One Year

19 Oct 2024 15:33 PM IST

Byju’s, once a darling of investors, has seen its valuation plummet by an astonishing 86% in just one year, dropping from $22 billion to less than $3 billion. This decline can be attributed to several critical factors: 1. Aggressive Acquisition Strategy After the surge in online learning due to the

Gold Prices Surge to Record Highs Amid Festive Season

18 Oct 2024 17:54 PM IST

Gold prices have reached new heights today, buoyed by positive global cues and strong demand in spot markets. This marks the fourth consecutive day of gains for the precious metal and the sixth positive session in the last seven trading days. As global uncertainties persist, investors are increasingly turning to

Big Blow to Mukesh Ambani as 10.9 Million Users Depart Jio

18 Oct 2024 15:21 PM IST

Recent reports indicate a significant shift in Reliance Jio’s user base following the recent hike in recharge plan tariffs. In the second quarter, approximately 10.9 million customers left the network. Despite this decline, experts suggest that such changes in user loyalty are common in the telecom industry, particularly after tariff

Google Appoints Prabhakar Raghavan as Chief Technologist Amid Team Restructuring

18 Oct 2024 11:34 AM IST

In a significant move, Google has appointed Prabhakar Raghavan, currently the senior vice president overseeing Google Search, Assistant, Geo, Ads, Commerce, and Payments, as the new Chief Technologist. CEO Sundar Pichai announced this change on October 17, highlighting the ongoing competition Google faces from rivals such as Microsoft and OpenAI,

Why the Indian Stock Market Has Fallen for Four Consecutive Sessions: Five Key Reasons

18 Oct 2024 10:07 AM IST

The Indian stock market has continued its downward trend, with the Nifty 50 index opening lower on Friday at 24,664 and quickly dropping to an intraday low of 24,567, marking a loss of about 560 points over four sessions. Similarly, the BSE Sensex started at 80,749, reaching a low of

RBI Bans Flipkart founder Sachin Bansal’s Navi and Three Other NBFCs Over Pricing Policy Violations

17 Oct 2024 20:09 PM IST

The Reserve Bank of India (RBI) has imposed a ban on four non-banking financial companies (NBFCs), including Navi Finserv, founded by Flipkart co-founder Sachin Bansal, from sanctioning and disbursing new loans. The ban, effective from October 21, 2024, also includes Asirvad Micro Finance, Arohan Financial Services, and DMI Finance Private.

Handheld X-Ray an Indigenous device to Boost TB Screening and Early Detection

17 Oct 2024 14:04 PM IST

In a breakthrough for public health, India has developed an indigenous handheld X-ray device aimed at enhancing tuberculosis (TB) screening efforts. This innovation, led by the Indian Council of Medical Research (ICMR) in collaboration with IIT Kanpur, is expected to significantly improve early detection and treatment of TB, a disease

What India Continues to Buy From Pakistan Despite Tensions?

17 Oct 2024 11:06 AM IST

Trade relations between India and Pakistan have been on hold since 2019, primarily due to political tensions. On August 5, 2019, the Indian government revoked Article 370 in Jammu and Kashmir, which sparked strong negative reactions in Pakistan. In response, Pakistan banned imports from India, leading to a significant decline

Noel Tata Set to Join Tata Sons Board, Strengthening Family Ties in Leadership

17 Oct 2024 09:14 AM IST

Noel Tata, chairman of Tata Trusts, which holds a significant 66% stake in Tata Sons, is expected to be appointed to the board of Tata Sons. This appointment will make Noel the only member of the Tata family to serve on both the Tata Sons and Tata Trusts boards. He