Wellness Financial News

The Securities Exchange Board of India (SEBI) has been long considering enhancing investments by Foreign Portfolio Investors (FPIs) in India by facilitating increased participation from non-resident Indians (NRIs), Overseas Citizens of India (OCIs), Resident Indians (RIs) as constituents of FPIs that are based out of International Financial Services Centre (IFSC) in Gandhinagar, Gujarat, India. IFSC is regulated by the Internal Financial Services Centre Authority (IFSCA). Also Read: Why did FPIs dump ₹25,586 crore worth of Indian shares in May—Explained with 4 key reasons

ICC T20 World Cup captivated fans and celebrities. India's nail-biting six-run victory over Pakistan left the nation ecstatic, celebrating the Men in Blue's remarkable performance against their traditional rivals.In a post on X (formerly Twitter), Bollywood legend Amitabh Bachchan said he was heartbroken after watching the first innings where India collapsed in the batting, but the bowlers making it to win was commendable.“Oh my god oh my god! We were watching Ind v Pak game, and switched off the TV midway, because we felt we were losing! But suddenly I saw the Internet and WE WON WE WON WE WON !!! YEEEAAAAAAHHHHHHH .... !!!!! INDIA INDIA INDIA INDIA INDIA INDIA INDIA, (loosely translated)," Bachchan said.

A few days ago in my colony, I overheard a quarrel between a man who lived in a villa, like me, and a gardener. The master wanted some additional work to be done, and the gardener said that would cost him a few hundred rupees more. The master exploded in rage at the “greed" and poor work ethics of migrants.

«Of course, the pocket where we have seen the best combination of growth and value have been private sector banks, that remains a reasonably large allocation for us. Healthcare services remain a decent allocation, both across hospitals, diagnostics, and pharma,» says Pramod Gubbi, Marcellus Investment. How did you manage to kind of tap into this opportunity that the market threw up in terms of making money? What was the action like at Marcellus? We are known for our inaction. We are long-term investors. We rarely react to such events and that has been the case this week as well. We have barely changed any of our portfolio positions. But going into a volatile event, our style of investing and our sort of portfolio which is comprised of strong businesses fundamentally with strong balance sheets, always tend to do better in times of adversity.

Investors will closely watch next week's inflation numbers and Federal Reserve meeting for clues on whether the soft landing hopes that drove stocks to record highs are still justified. This year's rally has lifted the S&P 500 up more than 12% year-to-date, on expectations the Fed can cool inflation without hurting growth. Yet recent economic data have sent conflicting signals: U.S. employment numbers released Friday were far stronger than expected, while earlier reports showed a slowdown in manufacturing and a first-quarter growth rate revised lower.

«FMCG is a default play, you would want to kind of, because many of the staples, etc, have not done anything for many years now. But that said, it is not as if the volume growth will pick up in a big way and overall these are very expensive stocks,» says Anand Tandon, Independent Analyst. What is the view on IT and FMCG? Would you be a buyer in select IT and FMCG? Well, FMCG perhaps more than IT. There is no doubt both of the sectors have been under-owned and have underperformed quite considerably. Right now, I think the market is looking for areas to rotate into given the fact that the sectors that have actually led the rally so far, which has been mostly PSUs and so on may take a breather for a while and therefore, even though there are no great upticks that are likely in IT at least, one is still looking for sectors which have not moved so far.

FPI inflows of ₹6,617.32 crore and mutual fund purchases of ₹3,072.85 crore, NSE data reveals. However, retail investors net sold shares worth ₹8,587.5 crore on 3 June instead of their usual practice of buying on the rise. The next day, when the actual counting showed the BJP unable to secure a simple majority, the market tanked almost 6% to 21,884.50, and FPIs and MFs net sold shares worth a combined ₹18,760 crore.

₹21,000 crore) in a public listing likely in nine months, two people familiar with its plans said, in a remarkable turnaround for the luxury chain that changed hands under crushing debt and defaults five years ago. Promoter Brookfield has tapped JM Financial and Bank of America to be investment bankers, the people said on condition of anonymity, adding the Canadian investor plans to sell 15% to the public initially, and another 10% over the next three years. The IPO may be worth around ₹3,150 crore, making it the biggest in India's hospitality space.

Now that Narendra Modi of the Bharatiya Janata Party (BJP) has taken oath as Prime Minister of India for the third time, virtually every move of his new government will be studied for clues of an imprint left by the Telugu Desam Party (TDP) and Janata Dal-United (JDU), allies on which the regime will depend for a majority in Parliament henceforth. Signs of cohesion are likely to cheer the stock market, and the key to coalition success lies in recognizing that politics need not be a zero-sum game, but political constraints can’t be ignored.

defence and infrastructure plays also offer strong earnings growth prospects, but we find limited upside at current expensive valuations, which are pricing in all the good news. We expect the Union government to achieve a lower fiscal deficit of 5% in FY25.

India, guided by the redoubtable Jasprit Bumrah, went past an imploding Pakistan by six runs in a low-scoring T20 World Cup contest at the Nassau County International Cricket Stadium where more than 34,000 fans were in attendance at the temporary arena.

Pubs and restaurants as well as quick commerce startups were a busy lot due to the much-awaited T20 showdown between India and Pakistan on Sunday. While eateries and quick commerce platforms had done all the preparations, executives said post-evening sales could have been better had the rains not played a spoilsport and had India performed better.

Tintin. Croatia's shirt will not go unnoticed. Germany's home jersey is a classic white, but the away shirt is a bold pink and purple. Ahead of the European soccer championships starting June 14 in Germany, The Associated Press takes a look at some of the kits that will surely catch the eyes of soccer fans and fashionistas from across the globe.

Bihar clearly shows the NDA's concern for tightening its grip over the "social justice politics" in the caste-ridden state just a year ahead of the assembly polls in the state.

JP Nadda inducted into the Union cabinet, the BJP has to elect a new party president. The party has a pattern in appointing national presidents over the last two terms. In 2014, when the then president Rajnath Singh became a Union minister, he passed on the baton to Amit Shah. In 2019, after Shah became a Union minister, JP Nadda was appointed as working president of the party in June 2019. He became a full-time president in January 2020. In January this year, his term as president expired. However, he was given a six-month extension to oversee the Lok Sabha elections and his term ends in June.

TDP chief Chandrababu Naidu has given a clear message with his first two choices for induction into the Union Cabinet. Kinjarapu Ram Mohan Naidu and Chandra Sekhar Pemmasani are young, well-educated and come with quite a record in public service and that is also the signalling that TDP as a party aims to send out with its representatives to New Delhi, the NDA Council of Ministers and the voters back in Andhra Pradesh.

Elections 2024 and formation of the third NDA government have several lessons in governance and strategy for corporate India.

Narendra Modi is set to take oath for a third consecutive term on Sunday (June 9), matching the feat of the first Prime Minister Jawaharlal Nehru, amid tense negotiations between the Bharatiya Janata Party (BJP) leadership and allies over the share of berths for various National Democratic Alliance (NDA) constituents in the new government.

City of Glass(1985), the first volume of his New York trilogy, which I first read as a teenager, and Hand to Mouth(1997), a memoir that bore the subtitle, A Chronicle of Early Failure, which I discovered in the throes of an extended mid-life crisis. City of Glass is one of Auster’s most iconic works, a breathtaking work of staggering genius, to riff off the title of Dave Eggers’ celebrated novel.

Mint in an interview. Close to 40% of Dana India's production in India is exported for global trucks and off-highway equipment markets.

After a period of relative uniformity among major monetary authorities, it’s suddenly fashionable to talk of divergence in the path of interest rates. Unfortunately, this easy description papers over some important—and subtle—differences that have emerged over the past year. Such course corrections are healthy.