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Sunil Subramaniam attributed the recent uptick to domestic fund managers selectively deploying their cash reserves despite sustained selling by foreign institutional investors (FIIs). «This week, the reason for the slight uptick is that domestic fund managers, who are still sitting on a lot of cash, have engaged in some selective buying. FIIs have continued their selling,» he stated.

Religare Enterprises has withdrawn its appeal at the NCLAT against a competition watchdog CCI order that allowed four Burman group entities to acquire a 5.27 per cent stake in the financial services firm. The move comes after the Burman Family, through its investment firms, gained a controlling stake in Religare Enterprises Limited (REL) after acquiring 25.16 per cent of equity shares through an open offer. The total holding of Burman family, which also owns FMCG firm Dabur and Eveready, now exceeds 50 per cent, consolidating their position as the largest shareholders in the company. During the proceedings, the «authorised signatory for Appellant (Religare) is present and submits that he is under the authorisation to say the Appellant is not interested in pursuing the matter and intends to withdraw this appeal», the NCLAT order said.

secondary market. This slowdown in IPO activity is reflected in the numbers, as only five companies went public in January and four in February, compared to 16 listings in December 2024. Quality Power Electrical Equipment Ltd was the recent IPO which opened for three-day bidding on February 14. However, the trend of slower activity is evident as at least three companies — Advanced Sys-tek, SFC Environmental Technologies, and Viney Corporation — withdrew IPO plans by pulling their draft papers in January and February.

Robert Kiyosaki, author of Rich Dad Poor Dad, has once again voiced his skepticism toward traditional financial systems, this time targeting Bitcoin ETFs. In his latest tweet, he reaffirmed his belief in holding physical assets like gold, silver, and Bitcoin rather than investing in ETFs, which he described as «fake.» Kiyosaki has long warned about economic instability and the risks of traditional investments. He believes financial institutions, particularly Wall Street, are designed to keep investors «financially naive.» According to him, true financial security comes from owning real assets, not relying on ETFs, which he claims lack intrinsic value.

China's leaders say they are open to talks, but they also made preparations for the higher US tariffs, which have risen 20 per cent since Trump took office seven weeks ago. Intent on not being caught off guard as they were during Trump's first term, the Chinese were ready with retaliatory measures — imposing their own taxes this past week on key US farm imports and more.

Tata Capital is likely to file preliminary papers with markets regulator Sebi to raise USD 2 billion (over Rs 17,000 crore) through an initial public offering (IPO) only after getting final approval from the NCLT for Tata Motors Finance merger with the company, according to sources. At this size, the company is expected to be valued at around $11 billion, they said. The final order is awaited from the National Company Law Tribunal (NCLT), which is expected to be closed by the end of this financial year (FY25), sources said.

Subscribe to enjoy similar stories. China’s consumer prices nosedived in February, in a sign of stubborn disinflationary pressures, ending a year’s run of tepid price growth and underscoring the challenges policymakers face in stimulating domestic demand as trade tensions intensify.

export prices from India extended declines this week to their lowest level since June 2023 due to weak demand and abundant supplies, while Vietnam rice saw increased demand. India's 5% broken parboiled variety was quoted at $409-$415 per tonne, down from last week's $413-$420. Indian 5% broken white rice was priced at $390-$400 per ton this week. Vietnam has been aggressively selling rice in the world market, which has put pressure on prices in other countries, said a New Delhi-based dealer with a global trade house.

Italian Agriculture Minister Francesco Lollobrigida has called for the consolidation of reciprocal trade relations with India, highlighting the very strong relationship between the two governments. His remarks came against the backdrop of the two-day 'Vinitaly' trade promotion fair India Roadshow that began on Saturday. Talking about 'Vinitaly', the Italian Agriculture Minister said it is a platform where «the best Italian wine companies and others represent themselves, meet, discuss» and it allows «deepening of the topics related to the development of this industry from every point of view». In a video message, the Italian Minister of Agriculture pointed out the «very strong relationship between the two governments» and said, «It must be consolidated through mutual export».

Pawan Khera slammed Prime Minister Narendra Modi-led government on Donald Trump's statement on India agreeing to 'reduce' tariffs and questioned whether the reported deal was signed «under pressure.» Noting Commerce Minister Piyush Goyal's visit to US, Pawan Khera questioned the «secrecy» behind the reported deal and asked why the Indians are getting to know about it through the US President. «140 crore Indians are getting to know our own government's Trade Policy through the US President — Trump. Has the GOI taken a decision to cut Tariffs under pressure by PM Modi's close friend — Mr. Donald Trump? Has Union Minister Piyush Goyal, who is in the United States to apparently negotiate a Trade Deal, buckled under pressure and signed on the dotted line dictated by 'Howdy Modi's close compatriot Namaste Trump'?» Khera said in the statement.

Indian stocks even after an unprecedented losing streak has lowered equity valuations. That’s because the market is still grappling with challenges posed by an economic slowdown, profit downgrades and potential US tariffs. Traders looking for bargains within Asia are gravitating toward still-cheap Chinese equities, which are in the middle of a bull run sparked by developments in artificial intelligence.

Donald Trump. Consumer spending in China has been mired in a slump since the end of the pandemic, fuelling fears of a deflationary spiral. Adding to the pressure is a second term as President Trump, who has since taking office in January slapped sweeping tariffs on Chinese products.

Nifty breaking a three-week losing streak and closing nearly 2% higher despite weak global cues amid the rising threat of tariff wars with multiple trading partners. This rebound was driven by encouraging macroeconomic indicators, a fall in the dollar index, and liquidity infusion by the Reserve Bank of India (RBI). “The metal, capital goods, and energy sectors outperformed due to optimism over China's stimulus and lower crude oil prices. A fall in the dollar index also boosted investor sentiment towards emerging markets, while the US equity markets have declined due to uncertainty over Trump's economic policies,” said Vinod Nair, Head of Research at Geojit Financial Services.

India is examining its import basket to finalise the list of items for which it could build a bespoke — and lower — tariff structure for the US, while it also explores areas where further levy reductions are possible through an extension of the Most Favoured Nation (MFN) approach. The Centre has discussed the minute details of preferential tariff reductions for the US through both a trade pact and on an MFN basis for sectors including agriculture and automobiles — areas that would benefit US exporters were India to reduce tariffs further. To be sure, countries can grant duty cuts to one another’s imports on a preferential basis in a free trade agreement (FTA). “There have been discussions on giving concessions on the MFN and FTA basis,” said an official, as India and the US aim to conclude the first tranche of their Bilateral Trade Agreement (BTA) by fall this year.

Nirmala Sitharaman said India is close to taking a final call on reducing goods and services tax (GST) rates further and reviewing the levy’s slabs. The revenue neutral rate had dropped from 15.8% when GST was introduced in 2017, to 11.4% by 2023, she said at the 25th ET Awards for Corporate Excellence on Saturday. “Let me dispel any (notion) that GST has made life costlier. Item by item, I would challenge anyone to tell me if there is any one item for which tax rate has gone up after introduction of GST… So, the clue is, it will come down even further,” she told an audience that represented the best of India Inc at the stately National Centre for the Performing Arts in Mumbai. A group of ministers on GST rationalisation has been set up under Bihar deputy CM Samrat Chaudhary.

While the meeting marked a significant shift from the stringent oversight seen during President Joe Biden’s tenure, many in the industry expressed disappointment over the lack of concrete commitments from the administration, as per a report by NBC News.

US economy gets warning signals of an economic slowdown, veteran strategist Peter Berezin of BCA Research is ringing the alarm bell as he claimed that there is a 75% probability of a recession within the next three months, as per a report.

Donald Trump took office, the country is already grappling with increasing challenges, as per a report.

Ashwini Vaishnaw stated that India is poised to navigate global challenges effectively, even as tensions rise over tariff impositions by US President Donald Trump. Out of al the geopolitical shifts, India will come out in better conditions. The reason is the pragmatism with which we are approaching this. We are looking by seeing what is good for the country," said Ashwini Vaishnaw. «In the first 60 years of independence we did about 20,000 kms of railway tracks and in the last 10 years we have done 45,000 kms. In the last 11 years, we have constructed 34,000km of new railway tracks. That’s more than the entire network of Germany. That’s the pace at which we are working,» added Vaishnaw during the fireside chat.

Subscribe to enjoy similar stories. Last night US President Donald Trump announced – unilaterally – that India has agreed to take its tariffs “way down". For those of us who had hoped reality would somehow turn out more sober than Trump’s rhetoric suggests, his shock decisions have been a rude awakening.

FPIs) have continued their selling spree in Indian equities in March, with total equity outflows amounting to Rs 24,753 crore as of March 7, taking the total to Rs 137354 crore in CY25 so far. However, the pace of selling appears to have slowed down slightly in recent sessions, according to market experts.