FPIs get licence to thrill, lap up $8.7 billion govt bonds in 5 months
Foreign portfolio investors (FPIs) have purchased ₹71,817 crore – or around $8.7 billion – worth of Indian government bonds since September 22, the day JP Morgan announced the index inclusion, latest data by Clearing Corporation of India Limited (CCIL) showed. To be sure, for the whole of 2023, overall FPI investment in Indian debt – […]
RIL merger a crucial step for streaming assets of Disney India
The operations of Disney India reveal a great deal about this. Disney’s India business contains television assets including more than 70 channels across eight languages, sports properties (cricket, football and Kabaddi), film studio, licensed merchandising, DTH player Tata Play (close to 30% stake) and streamer Disney+Hotstar.
Official says Fed open to ‘summer time’ rate cut
Key to its decision is whether inflation – down sharply since hitting a multi-decade high in 2022 – continues to close in on the Fed’s long-term target of 2%.
Foreign investors make modest purchases on Dalal Street in Feb
A strong revival in foreign institutional buying in March also seems unlikely, said analysts though seasonal trends show that overseas investors have mostly purchased during the month.
RIL-Disney JV may impact media shares unfavourably: Analysts
On Thursday, shares of media and entertainment companies were mixed. Zee shares experienced a 1% decline, closing at ₹161, whereas Sun TV Network saw a 2% gain, closing at ₹619. Shares of Bharti Airtel and Vodafone each fell by half a per cent.
Castrol’s shift to volumes over margins gives it the growth lube
An Indian subsidiary of BP, Castrol India has launched products at a lower price point to improve volume, which it had earlier avoided due to intense competition. Lower raw material costs are expected to aid the company’s efforts to tap the price conscious segment of customers.