Exodus Financial News

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Subscribe to enjoy similar stories.It’s the best of times. It’s the worst of times. Charles Dickens wasn’t an economist, not by far, but his immortal lines in A Tale of Two Cities perfectly captures India’s macroeconomic dilemma today.

Between January and February, outflows from funds dropped from £3bn to £562m, according to data from the Investment Association (IA) released today (3 April).  UK equity funds continued to dominate the significant equity outflows, bleeding £1.4bn in February of the total £1.6bn shed by the entire asset class over the course of the month.  Jupiter outflows surge to £10.3bn amid value desk redemptions This marked a slight reduction from the £1.7bn that investors took out from UK equity funds in January. By contrast, the IA noted that «as investors looked to diversify their investm...

According to Russell Reynolds Associates' (RRA) annual Global CFO Turnover Index report, the average CFO tenure reduced to 5.8 years down from 6.2 years during 2023.  Friday Briefing: What it takes for a CFO to step-up as CEO The spike in the US matched previous levels set in 2021 during the pandemic and the report attributed the US and UK exodus to a swathe of factors, including notably high rates of CFO retirement or transition to a board position.  According to RRA's research, the average age to transition to a board position reached its lowest point in six years at 56.6 years o...

Foreign Institutional Investors (FIIs) were net sellers in FY2025, offloading domestic equities worth Rs 1,27,401 crore. The intensity of selling, reduced significantly in March which saw a sell-off worth Rs 3972.61 crore. Domestic Institutional Investors (DIIs), on the other hand, remained buyers throughout the year and purchased stocks worth Rs 6,06,368 crore. In March, the buying activity amounted to Rs 37,079.08 crore. On Friday, FIIs sold shares worth Rs 4,352.82 crore while domestic institutional investors (DIIs) were net buyers at Rs 7,646.49 crore.

There were 2.83 lakh Indians who can be tagged as UHNIs in 2023, with each having a net worth of over Rs 25 crore and their aggregate wealth was pegged at Rs 2.83 lakh crore. The same is expected to grow to 4.3 lakh individuals possessing a wealth of Rs 359 lakh crore by 2028, as per the survey. Kotak Mahindra Bank's president Gautami Gavankar, however, said the decision to migrate should not be seen as a flight of capital out of the country, pointing out that the caps on such activities ensure that the money does not flow out even if a person changes residency.

Subscribe to enjoy similar stories. In the Hindi cinema of yore, villains were a very important part of the story. But they never had a backstory.

In an interview with ETMarkets, Ramkumar said: “We also feel infrastructure and defence sectors are in for structural growth in India,” Edited excerpts:

“Post-pandemic investors faced their first correction. The current market presents selective opportunities, with a shift towards bottom-up stock picking rather than broad, top-down strategies,” says Achin Goel, PMS Fund Manager at Bonanza Group. In an interview with ETMarkets, Goel said: “The critical factor for a sustained recovery hinges on the resurgence of earnings growth, which is expected to materialize within the next 1-2 quarters,” Edited excerpts: The month of February started on a volatile note with Budget 2025; since then, we have been on a losing streak. The index fell nearly 6% in February – the worst monthly decline since Covid 2020 rout. What is your take on markets?

Subscribe to enjoy similar stories. The 1 February 2025 Budget’s tax relief measures intended to revive consumption and disposable income, have failed to reverse the tide of foreign portfolio investor (FPI) outflows from key consumption-led sectors like fast-moving consumer goods (FMCG) and consumer durables. Despite initial optimism, the FMCG sector has witnessed a significant FPI outflows of ₹6,904 crore in February 2025 alone, continuing a trend that began in October 2024 after the markets hit an all-time high in September, showed the latest data from the National Securities Depository (NSDL).

Rahul Gandhi launching an unprecedented attack on his own party men in Gujarat on Saturday, many party workers expect a major structural overhaul in the party that has for long been dealing with fratricidal feuds. According to a large section of party members, Congress's plight in Gujarat has been a result of series of blunders which looked 'deliberate'. «Rahul Gandhi in fact said things on Saturday that the people of Gujarat had known for decades,» said a senior party member. As a matter of fact, former legislator Manhar Patel had sent a letter to the Congress high command just before Gandhi's visit pointing out that as many as 75 senior Congress leaders have left the party over the past two decades, with many of them holding the state leadership responsible. Patel had sought a «high-level inquiry» into the exodus and penal action on the leaders responsible for the development. While several Congress workers admit that upcoming workers and leaders of the party are often courted by the ruling disposition, Congress's experiment with the young turks like Alpesh Thakore and Hardik Patel has remained a question mark for many.

Investors have pulled a record US$3.3 billion from United States spot-Bitcoin exchange-traded funds in February, poised for the biggest monthly exodus since they debuted, as investors sought refuge in safer assets amid rising geopolitical tensions and persistent inflation concerns.

Subscribe to enjoy similar stories. A perfect storm of domestic and global challenges is battering India's financial markets. The rupee’s freefall, dismal corporate earnings, spiking bond yields, and a relentless foreign portfolio investors (FPI) exodus have struck India harder than its Asian counterparts.

Subscribe to enjoy similar stories. Mumbai: Tata Motors Ltd has seen a bevy of senior executives leave the automaker in the past few months at a time when it is undergoing a major restructuring, splitting its operations into two separate listed companies handling commercial vehicles (CV) and passenger vehicles (PV) businesses. Mint is aware of at least half a dozen such departures since August, all in the ranks of team heads or above.

Subscribe to enjoy similar stories. Bengaluru/Mumbai: Within days of AGS Transact Technologies Ltd acknowledging that a cash crunch had forced it to default on bank loans, statutory payments, and staff salaries, all four independent directors on its board resigned in quick succession. This caught the attention of proxy advisory firms, who are questioning the overall role of independent directors and if they could have intervened to limit AGS’ cash crisis, which impacted cash dispensers of some of India’s top domestic banks.

Israel says it has begun preparations for the departure of Palestinians from Gaza despite international rejection of President Donald Trump’s plan to empty the territory of its population. Egypt has launched a diplomatic blitz behind the scenes against the proposal, warning it would put its peace deal with Israel at risk, officials said.The Trump administration has already dialed back aspects of the proposal after it was widely rejected internationally, saying the relocation of Palestinians would be temporary.

Royal Bank of Canada has followed Toronto-Dominion Bank and Bank of Montreal in leaving the banking industry’s largest climate-finance alliance.

Nomura's FX business is not what it was. Bloomberg reported this week that eight people have left and noted that the Japanese bank hired David Leigh from Deutsche Bank to find some replacements. 

Canada’s largest banks may be the next group to walk away from the industry’s biggest climate-finance alliance.

JPMorgan Chase & Co. is leaving a major climate finance group, becoming the last of Wall Street’s biggest banks to walk away.