Falling Rs, rising US bond yields fuel FPI exodus, Rs 64k crore taken out in Jan
NEW DELHI: The exodus of Foreign Portfolio Investors (FPIs) from the Indian equity markets continues unabated, as they have withdrawn Rs 64,156 crore ($7.44 billion) so far this month, driven by the depreciation of the rupee, a rise in US bond yields, and expectations of a tepid earnings season.This comes
Elon Musk, Video Game King? Well, Maybe Not.
On its face, the claim feels improbable: In addition to being the world’s richest man, the chief executive of multiple companies and a key adviser to President Trump, Elon Musk says he is also a world-class video game player. It is a claim that Mr. Musk has repeated through the
Any increase in import duty in Budget may have adverse effect: World Gold Council
Any increase in import duty in Budget may have adverse effect: World Gold Council NEW DELHI: The government’s decision last July to reduce import duties on gold has had a significantly positive impact on the industry, and any increase in tariffs in the upcoming Budget may have adverse effects, said
Budget 2025 Expectations Live Updates: Income tax relief, record capex for Indian Railways, highways on the cards? All eyes on FM Sitharaman
Budget 2025 Expectations Live: Empower education and bridge digital gaps “As we approach the Union Budget, key focus areas must include steps to empower education and bridge digital gaps. A reduction in GST on education services is essential to make quality learning more affordable and accessible, especially for middle-class families.
Trump’s Crypto Venture Divides the Industry He Aims to Support
Dressed in ball gowns, tuxedos and “Make Bitcoin Great Again” baseball caps, a crowd of some of the country’s most powerful cryptocurrency executives gathered a few blocks from the White House for a lavish party three days before President Trump’s inauguration, toasting an incoming administration that had vowed to promote
ICICI Bank Q3 net profit up 15% to Rs 11k crore
MUMBAI: ICICI Bank reported a 14.8% year-on-year rise in profit after tax to Rs 11,792 crore for quarter ended Dec 31, 2024, compared to Rs 10,272 crore in Q3-2024. Sequentially, profit increased 1.8% from Rs 11,585 crore in Q2-2025. The growth was driven by higher net interest income and fee
As Trump’s Immigration Crackdown Looms, Restaurants’ Undocumented Workers Fear the Worst
As the Trump administration rolls out its changes to the immigration system, fear is surging in the food-service industry as it braces itself for a promised crackdown on unauthorized workers. Immigrant labor, both authorized and unauthorized, is integral to the staffing and running of restaurants in the United States. In
Should Sports be a College Major? Some, including Nike, Say Yes
For decades, a small but passionate group of academics has offered a potential balm for the fraught relationship between athletics and education at major universities: Allow students to major in sports. One such educator is David Hollander, a clinical professor at New York University’s School of Professional Studies. He has
The Cheat Sheet on Trump’s First Week
During his first week in office, President Trump issued a barrage of executive orders, signing sweeping directives on immigration, D.E.I., energy policy, trade, TikTok and more. The blizzard of activity — some of which is bound to be challenged in court — was overwhelming. Here’s our cheat sheet. Tariffs and
Inside the $32 Billion Industry Transforming Marijuana
An email obtained by The Times shows that one committee leader, Representative Sharon Wylie, a supporter of the industry, shared a draft of the bill with a cannabis lobbyist. “Thank you for being open to the compromise approach,” she wrote. In an interview, Ms. Wylie said that “the jury’s still