For context, the total foreign outflows this week amounted to ₹22,011.38 crore, with FIIs selling shares on all four trading days. The massive outflow came during a week marked by a sharp sell-off in the US markets and heightened concerns…
Pandey has extensive experience as Secretary of DIPAM, where he was instrumental in Air India’s privatisation and LIC’s IPO.
The Reserve Bank of India (RBI) said it received 244 bids during the auction and 161 of them were accepted for amount totalling $10.06 billion.
RailTel Corporation’s Q3 net profit increased by 4.7% year-on-year (YoY) to ₹65 crore. Shares of Railtel Corporation of India Ltd ended at ₹281.20, down by ₹16.75, or 5.62%, on the BSE.
Despite these short-term challenges, CEA Nageswaran cited market experts like Chris Wood of Jefferies, who remain optimistic about India’s long-term growth prospects.
The company clarified that the order does not involve any related party transactions. Shares of NCC Ltd ended at ₹175, down by ₹3.75, or 2.10%, on the BSE.
India’s foreign exchange reserves climbed by $4.76 billion to reach $640.48 billion for the week ended February 21, marking a two-month high.
Stocks of nearly all public sector undertakings (PSUs), except one, have faced significant erosion over the last seven months. Leading the pack of losers is the Life Insurance Corporation of India (LIC), which has shed nearly ₹3 lakh crore in…
Benchmark indices Sensex and Nifty tumbled nearly 2% on Friday (February 28), mirroring deep losses in global markets after the latest announcement of additional 10% tariff on Chinese products rattled investors.
Within 24 hours, the phase achieved a booking value of approximately ₹500 crores, with over 300 units sold. This brings the total booking value for the project to around ₹1,500 crores, with nearly 90% of launched units sold.