Foreign portfolio investors (FPIs) have continued to cut their exposure to Indian equities as concerns grow over a potential economic slowdown in the US and reduced discretionary spending by global software clients. This has led to significant outflows from key sectors, particularly IT, FMCG, and automobiles. IT Sector Hit Hardest by FPI Outflows In the …
In a major crackdown on tax evasion, the Directorate General of Goods and Services Tax Intelligence (DGGI) has blocked 357 offshore online gaming websites and identified around 700 offshore e-gaming firms attempting to evade GST. The move comes ahead of the Indian Premier League (IPL) 2025, as authorities tighten enforcement on illegal gaming platforms operating …
Global tech giants OpenAI and Meta are reportedly in discussions with Reliance Industries for potential AI collaborations in India. According to a report by The Information, both companies have held separate talks with the Mukesh Ambani-led conglomerate to explore opportunities in AI expansion within the country. Potential Collaboration Between Reliance and OpenAI One of the …
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Saturday said that there is no need to alter the current taxation system and that foreign portfolio investors (FPIs) must “live with” the existing framework. Pandey, who assumed office as SEBI chief three weeks ago, highlighted India’s numerous advantages as the fastest-growing large …
The week ending March 21, 2025, has seen the market favourable for the bull, whereby NSE and BSE have ended in green for all 5 days. On March 17, NSE and BSE ended in green with a rise of 0.50% and 0.46%, respectively. The gain in the market continued till March 20, 2025. The market …
On March 21, the Nifty index closed at 23,350.40, reflecting a gain of 159.75 points or 0.69%. Meanwhile, the BSE Sensex ended at 76,905.51, marking an increase of 557.45 points or 0.73%. Top Gainers of the Day Symbol LTP (₹) % Change Volume SBILIFE 1549.75 3.43 19,77,384 NTPC 353 3.29 3,64,04,974 ONGC 242 2.72 2,92,77,680 …
The Indian stock market extended its winning streak for the fifth consecutive session on March 21, 2025, with benchmark indices recording their strongest weekly performance in more than 4 years. The BSE Sensex touched a high of 77,042 before closing at 76,906, gaining 557 points for the day. Over the week, the Sensex surged by …
In a strategic move to reinforce India’s dynamic startup landscape, the Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a partnership with YES Bank. This collaboration is designed to provide vital support to product-based startups, aiming to bridge the gap between innovation and commercial scalability. The share price of Yes Bank …
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Government of India, has signed a Memorandum of Understanding (MoU) with Kyndryl Solutions Pvt. Ltd. to support the growth of startups in the manufacturing and IT sectors. The goal is to help early-stage companies build scalable digital solutions by offering technical and operational …
The Securities and Exchange Board of India (SEBI) is preparing to introduce a settlement scheme for stock brokers who received show-cause notices related to their association with unregulated algorithmic trading platforms. The scheme will be presented to SEBI’s board on March 24 as an information memorandum and is expected to be notified soon after. Low …
