FPIs extend selling streak, net sold ₹26,533 crore in equities this month
Foreign Portfolio Investors (FPIs) maintained their selling spree for eighth consecutive week, offloading Indian equities worth ₹26,533 crore (about $ 3.14 billion) till November 22 this month, depositories data showed. However the net outflow so far this month was substantially lower than net selling of ₹94,017 crore recorded in October.
Trade associations need to operate within competition law framework, says CCI chief Ravneet Kaur
Trade associations must operate within the framework of competition law, as their significant influence can sometimes result in unintended consequences like facilitating anti-competitive agreements or practices, said Ravneet Kaur, Chairperson of the Competition Commission of India (CCI). Addressing a regional workshop organised by the CCI in collaboration with the Merchants’
Cost of imported solar cells and glasses to rise as Chinese slashes export rebates
The cost of solar photovoltaic components like solar cells, glasses and ribbons — imported into India from China — are expected to rise after the Chinese government recently slashed the tax rebates offered for exporting such components. Indian manufacturers feel that the rise in import costs will in turn affect the
PM Modi to unveil landmark Internship scheme on December 2
Prime Minister Narendra Modi is expected to formally inaugurate the Prime Minister Internship Scheme (PMIS) on December 2, marking a significant step toward enhancing employability among India’s youth. He is also likely to distribute the first set of joining orders to a select group of candidates chosen under the pilot
FinMin gives ‘in-principle’ nod for ‘Consolidation of IFCI Group’
Department of Financial Services (DFS) in the Finance Ministry has given its ‘in- principle’ nod to consider ‘Consolidation of IFCI Group’. This would entail merger/amalgamation of IFCI Limited and StockHolding Corporation of India Limited and other group companies of IFCI Limited. Finance Ministry has also advised IFCI Limited to take
Microfinance in farming sector: Unlocking new opportunities in rural economies
Farming is vital to India’s socio-economic development, and 42.3 per cent of its population depends on it for livelihood. What is more, it has a share of 18.2 per cent of the country’s GDP. Over time, the sector has shown consistency given its average annual growth rate of 4.18 per
Air India partners with BACL to establish a facility for aircraft maintenance engineering
Tata-owned Air India has signed an agreement with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), to establish a facility for Aircraft Maintenance Engineering (AME). The 86,000-square-foot campus, located at Bengaluru Airport City, is scheduled to become operational by mid-2026. “The Basic Maintenance Training Organisation
Maintaining overall stability is a daunting challenge for countries of the Global South: RBI Governor Das
Maintaining overall stability, which includes sustained growth, price stability and financial stability, is a daunting challenge for the countries of the Global South, according to RBI Governor Shaktikanta Das. He observed that maintaining overall stability is challenging amidst global spillovers, external sector imbalances, limited fiscal space, elevated debt levels and
Demand for Indian cotton emerges as prices drop to ₹53,000 a candy
Cotton prices seem to be bottoming out with some kind of demand kicking in from the spinning mills at the lower end of the prices, trade sources said. Cotton prices, which had touched a seasonal low of ₹53,000 per candy (of 356 kg) on lack of demand, are ruling steady
Wine from tomatoes and other recipes to prevent price fluctuations
Like onions, tomatoes too are an emotive issue – when price fluctuations and oversupply cause consumers and farmers angst. But wine from tomatoes could be a possible solution to address the price and supply volatility. It is just one among 28 innovative ideas selected by the government to ensure stability in