BUSINESS
Foreign Investors Inject Rs 11,730 Crore into Indian Equity Markets, Marking a Strong Reentry
Data from depositories indicate that till June 14, the net outflow of FIIs from the equity segment was at Rs 3,064 crore. In just the period between June 3 and June 7, foreign investors sold equities worth Rs 14,794 crore. At the same time, FIIs have been favoring the debt market, investing Rs 5,700 crore in debt till mid-June.
Hyundai Motor Sees Surge in Shares Following $3 Billion IPO Filing for Indian Unit
The euphoria of the initial drama, however, somewhat fizzled out by 10:30 a.m. to 279,000 won, Yonhap news agency said.
Zomato Explores Acquisition of Paytm's Movies and Events Business
Zomato updated bourse on the developments to say the discussions would further strengthen its "Going out" business segment, which is its strategy going forward only to its four core business verticals as of now.
Modi 3.0 Propels Indian Stock Markets Toward Record Highs in Next Year, Predict Global Rating Agencies
The influx of global funds into the stock market is expected to accelerate in the near future. Additionally, the markets have become a favored choice for retail investors seeking investment opportunities.
India Poised for $250 Billion Electronic Manufacturing Boom in Next Five Years
The Invest India says, "Technological advances such as 5G Network readiness and emergence of IoT prove to be growth drivers for increasing adoption. In addition, Government initiatives in the country are like 'Digital India' and 'Smart City' projects are likely to create substantial growth prospects for IoT in the electronics market thus marking entry into a transformational phase in the electronic goods.
Resilient Growth: India's Textile Exports Rise 9.6% Against Global Challenges
According to a CITI report, May 2024 Combined textiles and apparel exports were higher by 9.70 percent when compared to May of the previous year. The Country's overall exports in May 2024 stood at USD6812916 million, which is 10.2 percent higher when compared to the same month of the previous year, according to the commerce ministry data.
Market Capitalization Soars: LIC Leads as Top Firms Gain Rs 85,582 Crore
During the week, the BSE benchmark Sensex rose by 299.41 points or 0.39%, reaching a record high of 77,145.46 on June 13.
Fuel Prices Surge in Karnataka: Petrol Up by Rs 3/Litre, Diesel by Rs 3.50
The new prices came into effect from Saturday noon, catching the vehicle owners unawares. The notification was issued by Nithish. K., Joint Secretary of the Finance Department of the Government of Karnataka.
Indian Startup Funding Soars to $202 Million, Surging Over 100% from Previous Week
Leading the pack were cleantech startups, leading with EV startup Battery Smart, which raised $65mn in a funding round led by LeapFrog Investments. The equity round saw participation from a mix of new and existing investors including MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures and British International Investment.
Sensex and Nifty Surge to Record Peaks Amid Cooling Inflation
Government data released on Wednesday revealed that retail inflation dropped to a one-year low of 4.75% in May, primarily due to a slight decrease in food prices, remaining comfortably below the RBI's threshold of 6%.
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