The government is likely to review foreign direct investment (FDI) caps for critical sectors like defence, insurance, and plantations, examining processes that could be streamlined for a more efficient investment regime, reported The Times of India. This response aims to address stagnating FDI flows into India, despite the country promoting itself on ‘China Plus One’ … Read more
“FII ownership at 16% is probably the lowest level of ownership. At the peak, we had 24% of the market owned by FIIs,” says Ajit Banerjee, Chief Investment Officer of Shriram Life Insurance. In an interview with ETMarkets, Banerjee said: “FIIs reversed their selling trend and collectively purchased equities amounting to ₹2,061 crore in the … Read more
Shrugging off all worries related to elections, foreign institutional investors (FIIs) have ended up buying Indian stocks worth about Rs 26,565 crore in June – before the Union Budget and India’s inclusion in JP Morgan’s bond index. After being net sellers in the last two months, a U-turn by FIIs comes amid expectations that reforms … Read more
If you’re looking to save on your favourite beauty items, you’re probably thinking of making a trip to Chemist Warehouse. However, if you’re wanting to save even more then it’s time to start purchasing from brands that offer refillable options. Chemist Warehouse employee Jess, who frequently shares the best buys and deals from Chemist Warehouse … Read more
“We expect the NDA government to sustain focus on capex-led growth around PLI, Roads, Ports, Aviation, Defence, Railways, and Green energy, given a 20 bps lower fiscal deficit in FY24 (Than RE), normal monsoons, and Rs 2.1 lakh crore dividend from RBI,” says Amnish Aggarwal, Director – Institutional Research, Prabhudas Lilladher.In an interview with ETMarkets, … Read more
Tax time is just around the corner which can bring unexpected returns — but also stress and confusion. But it doesn’t have to. Australian finance expert, author and Smart Women Society CEO Téa Angelos this week shared with 7Life her simple guide to everything you need to know for tax time. Know the news with … Read more
“I think just enjoy sometimes. It is good to enjoy the gains and be happy about it. And wait for bargains. Days like 4 June can come once in a while. But last 40 years if you see, every year there has been a 10% correction. And I think India remains a buy on dip, … Read more
Union Budget 2024 is expected to be presented on July 22, sources told ET. This will mark the first full Budget of the Modi 3.0 administration. The main policy priorities for Prime Minister Modi’s government will focus on addressing challenges in the agriculture sector, generating employment, maintaining the momentum of capital expenditure, and boosting revenue … Read more
“India will likely leapfrog two major economic goliaths viz. Germany and Japan over the next 3-4 years,” says Sameer Kaul, MD & CEO, TrustPlutus Wealth. In an interview with ETMarkets, Kaul said: “Market investors would hope for a progressive, non-populist, capex-focused, inclusive and fiscally prudent budget,” Edited excerpts: Market took a U-turn after falling by … Read more
“Our overall sense is that largely the bullish bias which we were carrying prior to election outcome remains intact. The only challenge what probably we need to sort of look at the element of populism which might come by and if the quantum is not so high, then overall directionally things are going to remain … Read more
