Articles for tag: Cuts, Driven, Foreign, Global, Indias, Investors, IPOs, Market, Optimism, Political, Rate, Robust, Shifts, Stock, Surge

September 24, 2024

Foreign investors surge back into India’s stock market, driven by robust IPOs and optimism amid political shifts and global rate cuts.

Foreign portfolio investors (FPIs) injected over Rs 87,000 crore (over $10 billion) into Indian equities this quarter, marking the highest inflow since June 2023. Key factors driving this investment include improved growth prospects, increased global index weight, and a robust IPO Market, with 50 companies raising Rs 53,453 crore by August 2024. Despite a sluggish ...

September 23, 2024

Market News

Business

The Supreme Court denies Linde India’s plea against SEBI-directed valuation, citing confidentiality concerns amid ongoing investigations into related-party transactions.

The Supreme Court has denied Linde India’s request for relief regarding a valuation process mandated by the Securities and Exchange Board of India (Sebi). This follows the company’s earlier appeal to the Securities Appellate Tribunal (SAT), which supported Sebi’s decision. Sebi instructed the National Stock Exchange (NSE) to appoint a valuer to evaluate Linde India’s ...

September 23, 2024

Market News

Business

India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.

India’s palm oil refiners have canceled 100,000 metric tons of palm oil deliveries planned for October to December, reacting to a significant rise in global palm oil prices and a recent increase in import duties. The Indian government raised import taxes on crude and refined edible oils by 20 percentage points, pushing the total duty ...

September 23, 2024

Market News

Business

Xiaomi seeks to recall India’s antitrust report, claiming disclosure of sensitive data amid accusations of breaching competition laws.

Xiaomi has requested India’s antitrust body to retract its report, which indicated that Xiaomi and Walmart’s Flipkart violated competition laws. The company claims the report contains sensitive business information that should have been redacted. This request could postpone the ongoing antitrust investigation that started in 2021. Xiaomi’s main concern revolves around details regarding its smartphone ...

September 23, 2024

Market News

Politics

Rahul Gandhi’s Bold U.S. Remarks: A Sikh Community Spotlight on India’s Struggle for Religious Equality or Just Political Theater?

Rahul Gandhi, the leader of the Opposition, recently spoke about the significance of religious freedom in India during an event in Virginia, USA. He criticized the RSS, the ideological backbone of the BJP, for viewing some religions and communities as inferior. This statement sparked discussions about the ongoing fight for equality among different religious groups ...

September 23, 2024

Market News

Business

In a historic address, PM Modi declares ambitious goals for India’s development, energized by a significant electoral mandate from the people.

Prime Minister Narendra Modi, speaking in New York to a large gathering of Indian Americans, highlighted his ambitious vision for India’s future in his third term. He emphasized that India is now a land of opportunities and noted the historic mandate from the Indian electorate, which is significant after 60 years. Modi expressed his commitment ...

September 22, 2024

Market News

Business

Adani Energy Solutions Ltd poised for explosive growth, forecasted to outpace global peers as India’s energy demand surges.

Adani Energy Solutions Ltd (AESL) is a rapidly growing power transmission utility with an enterprise value of $18.5 billion. According to a recent report by Cantor Fitzgerald, AESL is expected to see a remarkable 29% compound annual growth in pre-tax profits over the next three years. With a diverse portfolio that includes transmission, distribution, and ...

September 21, 2024

Market News

Politics

New Air Chief Takes Flight: Will Amato Singh Elevate India’s Military Aspirations or Just Float on Old Clouds?

The Indian government has appointed Air Marshal Amar Preet Singh as the new Chief of the Air Staff, effective September 30, 2024. He will succeed the current Chief, Air Chief Marshal Vivek Ram Chaudhari, who will retire on the same day. Air Marshal Singh, who previously served as Vice Chief of the Air Staff, has ...

September 21, 2024

Market News

Politics

India’s Economic Divide: Southern Success vs. Northern Stagnation—Can Leadership Learn from the Growth Playbook?

A recent report from the Prime Minister’s Economic Advisory Council highlights significant regional differences in India’s development since the 1960s. Southern states like Karnataka and Telangana have thrived post-liberalization, becoming economic powerhouses, while states like West Bengal, Uttar Pradesh, and Bihar have seen declines in their contributions to the national GDP and per capita income. ...

September 21, 2024

Market News

Business

Amrut Distilleries launches Bella, a groundbreaking jaggery-distilled rum, celebrating 75 years of innovation in India’s alcobev industry.

Amrut Distilleries, the Bengaluru-based alcobev leader, has launched Bella, a unique single rum distilled from nutrient-rich jaggery sourced from the Western Ghats and Mandya, Karnataka. This smooth rum has been aged for six years in ex-bourbon barrels, showcasing flavors of coconut, vanilla, and a hint of citrus, culminating in a sweet almond finish. Priced at ...