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Reversing their two-month selling streak, overseas investors pumped in a net Rs 15,958 crore in the Indian capital markets in the first week of May. As per latest depositories data, foreign portfolio investors (FPI) infused a net Rs 18,637 crore in equities, but pulled out a net Rs 2,679 crore from the debt segment between May 1-8, taking the cumulative inflow to Rs 15,958 crore. The latest inflow comes after two consecutive months of huge Read More

Market regulator Securities and Exchange Board of India (SEBI), late Thursday night advised Franklin Templeton to focus on returning investor’s money after the fund house decided to wound up six of its debt mutual fund schemes. The comments from SEBI came soon after Franklin Templeton’s President and CEO, Jennifer Johnson partly blamed a SEBI rule from 2019 for the eventual closing of the debt fund schemes. SEBI rebuked the claim made by Franklin Templeton and Read More

Yes Bank share price today zoomed as much as 20 per cent to hit upper circuit at Rs 31.60 apiece on BSE in an otherwise weak trade on Thursday, after the private sector lender reported a net profit of Rs 2,629 crore for the quarter ended on March 31. Yes Bank, which is now recovering with the help of an RBI-guided bailout, had posted a loss of Rs 18,560 crore in the October-December quarter of Read More

S&P on Tuesday said Axis Bank’s results for the year ended March 31 underscore high levels of stress and uncertainty across the Indian banking system. “The negative outlook on Axis (BBB-/Negative/A-3) reflects our view that the economic risks for the banks, and the Indian economy at large, remain high,” the agency said in its report. “In our opinion, systemic pressures for Indian banks could rise owing to the recently announced extension of the nationwide lockdown Read More

Liquor stocks fell as much as 6 per cent in an otherwise strong market on Tuesday. In Delhi, the liquor stores were opened as part of the new guidelines related to the ongoing lockdown due to coronavirus. But people flouted social distancing norms and flocked around liquor shops. Following this, Arvind Kejriwal-led Aam Aadmi Party (AAP) government in Delhi imposed a ‘special coronavirus fee’ by increasing excise duty on liquor by 70 per cent. However, Read More