Beyond Financial News

FPIs have turned net sellers not just in the Indian equity market but also in the debt market for the first time since March last year. «A major trend in FPI activity this month is that FPIs have turned sellers into debt after sustained buying for several months. In April through 20th, FPIs sold debt worth Rs 12,885 crore. This again is the consequence of the rising US bond yields and the concern regarding rupee depreciation,» said Dr. V K Vijayakumar of Geojit Financial Services.

NCLT) has dismissed an interlocutory application filed by homebuyers to challenge the approved resolution plan of Monarch Brookefields LLP and seek reliefs including the allocation of a specific apartment and resolution of issues affecting homebuyers.

with rising construction costs of the team’s new stadium being built across the street from its current facility, and scheduled to open in 2026. The initial cost of the stadium was pegged at $1.4 billion when a preliminary agreement was struck with the state and county in March 2022. That number jumped to $1.54 billion months later and was last projected to be approaching $1.7 billion in August.

BPTP, renowned for high-quality, innovative residential projects,have recognized the potential of Sector 37D. BPTP have developed and delivered 2000+ apartments in this area, creating an integrated township that caters to a discerning clientele. BPTP's commitment to resident well-being is evident in the lavish clubhouses delivered across these group housings.

Indo Count, a global bed linen manufacturer and exporter, announced its strategic acquisition of the international home fashion brand Wamsutta from Beyond, Inc.

Yes Bank and IDFC FIRST Bank credit card customers will have to pay a higher amount as fees for paying utility bills. Here is a look at the changed fee structure effective from May 1, 2024. Yes Bank

A recent study highlights a significant gap in financial understanding among Americans, with nearly 43 percent of participants admitting they’re not clear about what a 401(k) retirement plan is.

Episode 6 and beyond.

Los Angeles-based RIA Miracle Mile is bolstering its appeal to high-net-worth investors with a key addition to its C-suite. On Thursday, the firm announced the appointment of Matt Dmytryszyn as its chief investment officer.

Last year was a very active year for the Financial Industry Regulatory Authority Inc., with brokerage firms hit with a 63% increase in fines compared to the previous year, with $89 million in penalties.

Wipro is estimated to report a consolidated net profit of ₹2,746 crore Q4FY24, registering a muted growth of 1.92% from ₹2,694.2 crore in Q3FY24. The company’s IT services revenue is expected to see a sequential growth of 0.18% to $2,661 million from $2,656 million, while in rupee terms, the revenue may fall by 0.28% to ₹22,141 crore from ₹22,205.1 crore, quarter-on-quarter (QoQ), due to macro impact and continued softness in verticals, as per average estimates of five brokerages.

India into a developed country by 2047. Revamping the Pradhan Mantri Gram Sadak Yojana (PMGSY) will focus on substantially expanding and upgrading the network of rural roads and linking them with nearby hubs and markets to bolster «productive capacity of the economy and ensure ease of living», said the people cited above. «Along with rural housing, rural roads will assume renewed focus in the next term (of the Modi government). The priority will not just be to have roads in every nook and corner of rural India but to go beyond that and link economic, educational, health, social or agriculture centres,» one of the persons said. «These steps are aimed at transforming rural India like never before,» he added.

Indiabulls Housing Finance has sought a review of the Supreme Court's February order that allegedly gave wide powers to the Enforcement Directorate to even investigate cases where there exists no scheduled offence under the Prevention of Money Laundering Act (PMLA). A bench led by Justice Surya Kant asked the company to share a copy of its review petition with the Attorney General. Indiabulls in its review petition stated that the apex court on February 12 while disposing of the criminal appeals had «mistakenly enlarged the scope of the powers of the ED beyond the permissible mandate of the PMLA law, and that it is also in conflict with the well settled law in the Vijay Madanlal Choudhary vs Un-ion of India case.»

Summit Financial is looking to help advisors woo and retain high-net-worth clients by stepping up its alternatives game.

A key element is to enhance coordination among MDBs. While the diverse structures of MDBs have their own merits, addressing new global challenges will require resources and capabilities of a magnitude beyond the capability of any single MDB. The current dynamism on the reform agenda stems primarily from the pressure exerted by the shareholders via various forums, including the UN, the G7, and the G20. Among these, the role of the G20 has been particularly crucial. Starting with balance sheet optimisation measures in 2015, the G20 has been slowly and steadily nudging the MDBs to identify necessary actions to strengthen themselves for meeting spiraling development financing needs. The 2022 recommendations from the Independent Review of MDBs' Capital Adequacy Frameworks (CAF) were a significant outcome.

Foreign Exchange Management (Non-Debt Instruments) Rules. The new rules, based on the Cabinet decision in February on the relaxed FDI caps, came into effect from April 16, according to a gazette notification by the ministry. The rules, coming just days ahead of Tesla chief Elon Musk's India visit, are aimed at drawing a larger number of foreign investors into the Indian space sector. Musk is reportedly planning to announce investments of $2-3 billion, mainly in the EV segment, and meet Indian space players as well during his India visit starting April 21. As per the new rules, up to 100% FDI is allowed in the space sector. However, up to 74% FDI is permitted under the automatic route in satellite manufacturing and operation, satellite data products and ground and user segment. Beyond 74%, FDI in these activities requires government approval.

Foreign Direct Investment (FDI) in the Space sector under the Foreign Exchange Management Rules which will now enable Indian space startups working on capital-intensive space products to now access a global pool of capital. The cabinet on February 21 had allowed 74% foreign direct investment (FDI) under automatic route for satellite manufacturing, upto 49% under automatic route for launch vehicles, and upto 100% under automatic route for manufacturing of components and systems.

Should corporate executives’ pay be tied to climate-related goals? More company boards think so, as awareness grows that climate change could have an impact on corporate bottom lines. Some 54% of S&P 500 companies incorporated climate-related metrics into their executives’ compensation plans in 2023—more than double the figure from two years earlier, according to a January report from the Conference Board and ESGauge, a data analytics firm. But experts say how a company ties pay to climate is crucial, with some methods more effective than others.

If you are an EPF (Employees Provident Fund) subscriber, and at the time of withdrawal, you do not want TDS (tax deducted at source) to be deducted, you need to fill out form 15G. The TDS is deducted either by the bank at the time of transferring interest income to account holder’s account, or by EPFO at the time of transferring the withdrawal money into the account of the subscriber.

Yes, it’s possible to get a home loan with an average CIBIL score, but it might come with certain conditions and higher interest rates. Banks consider a number of factors beyond just the credit score when assessing a loan application, such as stability of income, employment history, current loans, and the ability of applicant to make a down payment. 

₹10 to ₹11 apiece. There is a minimum bid limit of 1,298 equity shares, and beyond that, bids may be placed in multiples of 1,298 equity shares.