Foreign investors are shifting their money in India. They are selling IT stocks and buying into financial services. Capital goods, automobiles, and construction sectors are also seeing increased investment. This rotation is driven by concerns over AI’s impact on IT and a positive outlook for other sectors.
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 cards. The acquisition will boost