Indian equity benchmark continues to fall for the fourth back-to-back session on Monday, dragged by heavyweight such as Infosys and HDFC banks. The two companies reported their financial results for the January-March period during a long weekend. Mindtree shares fell track losses in the overall IT basket, ahead of a series of strong income by […]
FPI changes a clean seller again, attracts more than 4,500 crore from the stock last week
Adopting a cautious attitude, foreign investors have attracted more than 4,500 crore rs from the Indian equity market last week about fears of an increase in aggressive interest rates by the US Federal Reserve. This came after a clean investment of Rs 7,707 Crore by foreign portfolio investors (FPI) for 1-8 April as a correction […]
The government changes the FEMA rules to allow 20% FDI in LIC
”These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022,” said a gazette notification issued recently. The notification has inserted a paragraph in the existing policy, allowing up to 20 per cent FDI in LIC through the automatic route. Since the foreign inflows’ ceiling for public sector banks is 20 per […]