FIIs turn net buyers last week, pouring in Rs 4,300 crore; is it comeback time?

FIIs turn net buyers last week, pouring in Rs 4,300 crore; is it comeback time?

Foreign institutional investors turned net buyers of equities in the week ended February 23, and the strong inflows drove benchmark indices to record highs. Foreign portfolio investors net bought Indian equities worth Rs 4,398 crore last week, according to NSDL data. This is against them selling shares worth over 2,500 crore in the preceding week. … Read more

‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before $423m payment to Paladin | KPMG

‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before 3m payment to Paladin | KPMG

Consultancy firm KPMG Australia has rejected claims it conducted due diligence on “the wrong company” before the federal government gave nearly half a billion dollars to a controversial company with no track record. The firm’s objection to comments by a member of a Senate inquiry examining its conduct come after weeks of intense criticism and … Read more

Sebi using AI for investigations, says official

Sebi using AI for investigations, says official

Sebi is using Artificial Intelligence (AI) for investigations, its Whole Time Member Kamlesh Chandra Varshney said on Saturday and emphasised that entities should keep track of technological developments. Against the backdrop of instances of manipulations in the stock market, he said the message is that abiding with the law will be more beneficial and violations … Read more

Is your portfolio truly diversified? Unveiling the significance of ‘factor’ diversification

Is your portfolio truly diversified? Unveiling the significance of ‘factor’ diversification

Don’t put all your eggs in one basket. We’ve all heard that. This advice stems from the unfortunate scenario where, should the basket fall, all your eggs will break. This outcome is unfortunate yet entirely preventable. The key? Put your eggs in different baskets. That way, should one basket tumble, the other eggs remain safe. … Read more

No cheeze please: UK proposals could force dairy alternatives to change names | Food & drink industry

No cheeze please: UK proposals could force dairy alternatives to change names | Food & drink industry

Dairy alternatives such as I Can’t Believe It’s Not Butter and Alpro’s This Is Not M*lk may have to change their names if “draconian” new rules to prevent shoppers confusing plant-based with real dairy products are imposed. With trading standards officials thought to be on the brink of issuing new guidance, including a ban on … Read more

crude oil prices: Crude oil prices are already up 10% this year. What’s next?

crude oil prices: Crude oil prices are already up 10% this year. What’s next?

Crude oil prices gained about 10 percent in the first two months of 2024. The ongoing geopolitical tensions in the Middle East and reports of falling inventories assisted prices to edge higher. Worries over supply disruptions in the Middle East added concerns to the global crude oil market. The growing conflict between Israel and Hamas … Read more

‘Ruinously expensive’: record number of inheritance disputes in England and Wales | Consumer affairs

‘Ruinously expensive’: record number of inheritance disputes in England and Wales | Consumer affairs

Thousands of families are becoming embroiled in a soaring number of inheritance disputes leading to a record volume of “ruinously expensive” and emotionally gruelling court cases. As many as 10,000 people in England and Wales are disputing wills every year, according to estimates by specialist solicitors. In 2021-22, 195 disputes went in front of judges, … Read more

Anmi recognises ETMarkets for exceptional financial market coverage at 13th international convention

Anmi recognises ETMarkets for exceptional financial market coverage at 13th international convention

ETMarkets was awarded for excellence in financial markets coverage on Friday at the ANMI 13th International Convention. The renowned financial news platform was recognised for delivering comprehensive coverage of financial markets and insightful analysis. Anmi or Association of National Exchanges Members of India is a pan India body of trading members across NSE, BSE and … Read more

UK lender trials ban on new holiday let mortgages for tourist hotspots | Mortgages

UK lender trials ban on new holiday let mortgages for tourist hotspots | Mortgages

A leading building society trialling a ban on new holiday-let mortgages in some popular tourist destinations. Campaigners say the move by Leeds building society could improve the situation for local residents currently struggling to buy or rent in parts of Norfolk and Yorkshire that have seen a surge in the number of properties turned into … Read more