FPIs make net investment of over Rs 16,500 cr in August

New Delhi (IANS) Foreign portfolio investors (FPI) remained net buyers in August with total net investment of Rs 16,556 crore as per the NSDL data.

The net investment in the equities segment stood at Rs 2,083 crore, while that in the debt segment…

High coking coal prices to impact gross margins of steel mills, says Ind-Ra

New Delhi (IANS) High coking coal prices are likely to impact gross margins of steel mills, says India Ratings and Research (Ind-Ra).

Accordingly, coking coal prices were up 5 per cent MoM and 103 per cent YoY to $222 per MT in mid-August 2021.

SDRs boost India's forex reserves by over $16 bn

Mumbai (IANS) An exponential rise in India's Special Drawing Rights allocation aided in the accural of over $16.663 billion into India's foreign exchange reserves during the week ended August 27.

In financial parlance, SDRs are international…

Changing Dynamics: Smaller fund houses outpace major players in 2021

Mumbai (IANS) The mutual fund space has grown over the pandemic and interestingly so far in 2021, several smaller companies have gained momentum and outpaced the growth of established major players.

In tandem with the rise in the equity market,…

Sensex touches 58,000 for first time in history

Mumbai (IANS) The BSE Sensex crossed the 58,000 mark for the first time in its history on Friday.

It has hit a record high of 58,115.69 points.

Rise in the global markets lifted the Indian indices, analysts said.

Healthy buying…

India's August exports rise over 45%

New Delhi (IANS) India's merchandise exports in August 2021 rose to $33.14 billion, higher by 45.17 per cent on a year-on-year basis, preliminary data showed on Thursday.

Exports in August 2020 stood at $22.83 billion.

Besides, the…

No revision in petrol, diesel prices on Thursday

New Delhi (IANS) The oil marketing companies (OMCs) have kept pump prices of auto fuels petrol and diesel unchanged on Thursday, a day after reducing them by 15 paise per litre.

Accordingly, the price of petrol and diesel remains unchanged…

Tata Motors' total Aug sales rises to 57,995 units

New Delhi (IANS) Automobile manufacturer Tata Motors' total sales in August rose to 57,995 units from 36,505 units sold during the corresponding month of last year.

Notably, the company's total domestic sales during the month under…

India on course for 9% GDP growth in FY22, 3rd wave still a concern

New Delhi (IANS) The high GDP growth despite low base of last year has given confidence that the Indian economy may well grow over 9 per cent in FY22 with tailwinds coming from rapid recovery of manufacturing and construction sectors.

The data…

India's core industrial output up 9.4% in July

New Delhi (IANS) Easing Covid restrictions, along with pent-up demand, accelerated the output of India's eight major industries in July on a year-on-year basis.

The Index of Eight Core Industries (ICI) readings for the last month showed…