FPI buying in index eligible government bonds picks up pace
Foreign portfolio investment in Indian government securities designated under the Fully Accessible Route (FAR) have crossed the ₹1 trillion lakh crore, rising to ₹1.02 lakh crore as on October 16 versus ₹96,661.33 crore as on September 29, Clearing Corporation of India data showed.
Rupee closes at new low on Gaza spillover, crude flare-up worries
The rupee settled at 83.28 per US dollar, a fresh closing low. The closing level was the same as the intraday low on Monday, just shy of the all-time intraday low of 83.29, a level seen in October 2022. On Friday, the rupee had closed at 83.26. In 2023, the rupee has shed 0.7% versus […]
India is the shining star of Asia now: Tyler Dickson, Investment Banking Head, Citi
India has experienced strong merger and acquisition (M&A) activities and a flourishing IPO market in 2023, making it a shining star in Asia, according to Tyler Dickson, head of investment banking at Citi. He believes that India offers attractive opportunities for both domestic and international clients, despite tighter liquidity conditions.
Jio Financial Services Q2 Results: Net profit doubles to Rs 668 crore
The company which was listed in August rode on a Rs 217 crore of dividend income during the quarter which increased total income by 47% to Rs 608 crore from Rs 414 crore in the quarter ended June 2023. Expenses increased 31% to Rs 71 crore from Rs 54 crore a year ago largely due […]
US at WTO on import curbs on IT: Companies will avoid doing business with India
At a meeting of the committee on market access at the World Trade Organization (WTO), the US said the measure prompts its firms to think twice about doing business in India and it would impact its exports while China and Taiwan sought the purpose of this policy.
Don’t expect bumper rewards on card spends this festive season
Analysts say the changes made by banks on credit cards this year reflect the new reality after the sharp 250-basis point increase in interest rates by the Reserve Bank of India (RBI) since May 2022 to restrain inflation. One basis point is 0.01 percentage point. ET analysed credit card rewards and charges for HDFC Bank, […]