FPIs outflow equities crosses Rs 10000 crore mark September rising US interest rates latest business updates

Image Source : PIXABAY FPIs outflow in equities crosses Rs 10,000 crore mark in September on rising US interest rates Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks. Before …

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Government exempts LPG imports from 15 per cent agri cess

Image Source : PTI (FILE) Gas cylinder LPG: The government has exempted imports of LPG, liquified propane and liquified butane from 15 per cent agri cess with effect from today (September 1). The government had in July imposed a 15 per cent agri cess on imports of these goods. The Finance Ministry in a notification …

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India’s forex reserves drop $ 7.27 billion to $ 594.88 billion

Image Source : REPRESENTATIVE IMAGE India’s forex reserves drop India’s forex kitty dropped by $7.273 billion to $594.888 billion in the week that ended on August 18, 2023, as per Reserve Bank India’s latest statistical data. In the previous reporting week, the overall reserves had risen by USD 708 million to USD 602.161 billion. The …

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Sensex Nifty rise opening trade stock market Chandrayaan 3 successful landing Moon mision vikram lander latest business

Image Source : PTI (FILE) BSE office in Mumbai Sensex-Nifty: The stock markets today (August 24) exhibited a positive trend with both the Sensex and Nifty showing significant gains. Sensex surged ahead by 286.38 points to reach 65,707.71, while Nifty marked an ascent of 85.30 points at 19,530.30 at the time of market opening. In the …

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Latest Business Updates: Directorate General of Foreign Trade Implements Ban on Export of Non-Basmati White Rice from India

Image Source : PIXABAY.COM White rice In a significant move, the Indian government has amended the rice export norms. Non-basmati white rice has now been categorized as prohibited for export. This revision in the export policy, as stated by the Directorate General of Foreign Trade (DGFT) in a notification, is effective immediately. However, there are …

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Latest Updates: Rajeev Chandrasekhar predicts a tenfold increase in startups in India over the next 4-5 years

Image Source : PTI/ REPRESENTATIONAL (FILE). Minister of State for Electronics and IT Rajeev Chandrasekhar Startups in India: Startups and unicorns in India are set to experience significant growth in the next 4-5 years, according to Union Minister of State for Electronics and IT, Rajeev Chandrasekhar. He predicts a ten-fold increase in startups and highlights …

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This Specialty Chemicals Stock Surges with Increased Stake from Foreign Institutional Investors

Image Source : INDIA TV THIS specialty chemicals stock is riding high as foreign institutional investors raise stake Vikas Ecotech, a leading provider of high-end specialty chemicals, is experiencing significant growth after securing funds through the Qualified Institutional Placement (QIP) route and increased investment from foreign institutional investors (FIIs). According to BSE data, the company …

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