D-Street extends losses as FPIs step up selling with dollar’s rise
Foreign Portfolio Investors net sold shares worth ₹5,101 crore on Monday, while their domestic counterparts were buyers to the tune of ₹3,532 crore. The dollar surged further after the US Federal Reserve projected further increases in interest rates to curb inflation, heightening concerns of a recession.
EM equities stay resilient compared to developed markets
The Bloomberg dollar index, which evaluates performance of the US dollar against 10 other currencies, has risen by 13 per cent so far in 2022 to reach a 20 year high and is set for the best annual gain since 2004.
A rejig to make insurance simple
“The committee was formed earlier this month and has been given six to eight weeks for a comprehensive review of the 70 or so regulations governing the industry to ensure principal bases regulations,” said a person aware of the details. “The ultimate aim is to ensure ease of doing business for all stakeholders in the […]
Brookfield bets big on Greenko, looks to invest $1 billion
The investment could even go up to $1.25 billion at a potential $9-10 billion valuation and may either be in parent Greenko Energy Holdings (GEH) or subsidiary Greenko Zero C, said the people cited above. That will make Greenko the second-highest valued renewables company after Adani Green Energy Ltd.