FPIs back on D-Street: Foreign portfolio investors pour in over Rs 33,000 crore, but why is IT sector missing from their shopping list?

Foreign portfolio investors once again turned towards Dalal Street to shop for Indian equities, spending in Rs 33,487 crore across 15 sectors, in the first half of February. The bulk of the inflows went into capital goods, financial services and oil & gas stocks, marking the strongest fortnightly buying seen since the second half of…

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Evening news wrap: Unnao rape survivor fears for children’s safety after HC order; Digvijaya Singh’s RSS praise triggers row & more | India News

The 2017 Unnao rape survivor has expressed fear for her children’s safety after the Delhi High Court suspended the life sentence of expelled BJP leader Kuldeep Sengar. The Supreme Court is scheduled to hear the CBI’s plea against the order. Senior Congress leader Digvijaya Singh’s RSS remarks stirred a debate within the Congress party and…

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South Korean financial group Mirae Asset eyes crypto exchange Korbit acquisition: report

Mirae Asset, a Seoul-based financial group, is considering buying South Korean cryptocurrency exchange Korbit, the Korea Times reported on Monday. The company is in talks to acquire 92% oof Korbit for as much as 140 billion won ($97 million), according to the report, which cited industry officials. Mirae Asset, which offers asset management, wealth management,…

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Sub-Rs 10L cars make up 78% of festive sales

CHENNAI: Rationalised GST rates and buoyant festive sentiment have propelled demand in the industry’s ‘bread-and-butter’ sub-Rs 10 lakh segment to multi-year highs, amid an ongoing premiumisation wave in the country. The reset in tax slabs – particularly for small cars and compact SUVs – widened affordability and revived interest among price-conscious buyers who had been…

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