Business

[ad_1] Foreign investors have injected Rs 14,167 so far this month, showing confidence in the country’s equity market despite the India Pakistan conflict. This inflow was primarily driven by positive global cues and India's strong domestic economic fundamentals. This followed a net investment of Rs 4,223 crore in April, which marked the first inflow after a three-month period of withdrawals, according to data from the depositories.Prior to this, foreign portfolio investors (FPIs) had pulled out major amounts, Rs 3,973 crore in March, Rs 34,574 crore in February, and a staggering Rs 78,027 crore in January. However, the trend reversed in April, and the momentum continued into May, with FPIs continuing to infuse capital.While this influx is a positive sign, it has only helped reduce the total outflow for 2025 to Rs 98,184 crore so far.Looking ahead, VK Vijayakumar, chief investment […]

[ad_1] NEW DELHI: Telecom regulator Trai on Friday recommended a charge of 4% of adjusted gross revenue (AGR) for satellite communications operators, such as Elon Musk's Starlink, Bharti Enterprises-backed OneWeb and Jio-SES, and said the companies should be assigned spectrum for a period of five years, that can be extended by another two years.The regulator also proposed charges on satcom companies when acquiring customers in urban areas, while recommending subsidy for installation in dark zones, within rural and remote areas to encourage faster network enhancement.The long-awaited recommendations clear one more hurdle for Starlink and other satcom providers after revised guidelines issued by the department of telecom (DoT) recently, and issuance of Letter of Intent to Musk's company earlier this week.The AGR comes after govt decided to provide spectrum for satcom providers on an administrative basis, against auctions that are mandated […]

[ad_1] NEW DELHI: The Indian stock market, including the National Stock Exchange (NSE) and the BSE faced strong selling pressure in recent sessions due to geopolitical uncertainty. Amid rising India-Pakistan tensions, investors have been wondering if the stock market will be open on May 12, the day Buddha Purnima is celebrated nationwide. The good news: trading will continue as usual on Monday, May 12.Congratulations!You have successfully cast your voteLogin to view resultAccording to the official BSE trading holiday list available on bseindia.com, Buddha Purnima is not a stock market holiday in 2025. Therefore, the Indian stock market will remain open on Monday, 12 May 2025, despite the festival.The only stock market holiday in May 2025 was Maharashtra Day, observed on 1 May. This means there is no truncated trading week this month.Looking ahead, the next stock market holiday will be […]

[ad_1] Sunil Mittal (File photo) Sunil Mittal is in advanced talks to acquire 49% stake in the Indian unit of China's Haier Smart Home Co, according to people familiar with the matter, as the billionaire looks to tap growing demand for goods such as home appliances.The Bharti Airtel founder has teamed up with private equity firm Warburg Pincus to buy the stake in Haier Appliances (India) for about $2 billion, the people said, asking not to be identified because the information isn't public. A deal could be signed in a few weeks, pending approvals, the people said.Deliberations are ongoing and Haier may decide not to sell, while other buyers could also still emerge, the people said. Representatives for Mittal and Warburg Pincus declined to comment. Haier didn't immediately respond to requests for comment.By Nov, it had attracted preliminary interest from […]

[ad_1] Image used for representative purposes MUMBAI: The suspension of IPL - India's most heavily insured sporting event - has brought renewed scrutiny to the utility and limits of event insurance amid geopolitical tensions. Howden, the insurance broker to the BCCI, acknowledged the suspension and said it would wait for an official decision on cancellation or rescheduling. "Match cancellations are complex and dynamic, and speculating is not in the best interest," the firm said.IPL 2025 already saw a sharp rise in premiums following Rs 50 crore in weather-related claims last season. Reinsurance support dwindled, with just 20-30% of structured risks being transferred. The recent JioStar merger reshaped demand patterns, prompting broadcasters to reduce their coverage. While policies typically cover cancellation, adverse weather, unrest, and injuries, they are triggered only by outright cancellation or abandonment, not temporary suspensions - leaving policyholders […]

[ad_1] MUMBAI: The rupee recovered sharply on Friday to close at 85.37 against the dollar after touching an intraday low of 85.85, helped by dollar sales from public sector banks acting on behalf of the RBI.The domestic currency closed at 85.71 in the previous session.Despite the late recovery, the rupee posted its steepest weekly decline in recent weeks, losing nearly 1% as geopolitical tensions between India and Pakistan rattled investor sentiment and triggered outflows from sovereign bonds. The conflict between the two neighbours intensified, with both sides reportedly deploying drones and artillery for the third straight day, marking the worst escalation in nearly three decades. While analysts believe both countries have a fundamental incentive to avoid large-scale escalation in the medium term, they also flagged the high level of uncertainty surrounding geopolitical developments.The mounting tensions hurt domestic equities, with the […]

[ad_1] India-UK FTA: It’s the joint success story of India’s Trade & Foreign Policy. (AI image) By Himanshu TewariThe recent announcement of India UK FTA is new in the series of bilateral FTAsnegotiated in the recent past – starting with Australia, followed by UAE and EFTA countries (Norway, Switzerland, Liechtenstein, Iceland). It demonstrates a very deliberate and sure-footed approach of expanding India’s FTA footprint for gaining market access for goods of Indian origin and opening new avenues of growth and international cooperation.It’s the joint success story of India’s Trade &Foreign Policy.Successful negotiation of the FTA with the UK – till most recently being part of the EU, also bodes well for the progress that India will be able to make with EU FTA negotiations which have been waiting for a decisive push after the past thirteen years of negotiations. India […]

[ad_1] Amazon is changing how it pays employees, focusing more on consistent top performance over time rather than one-time achievements.The new pay structure aims to reward employees who consistently perform at a high level and to reduce bonuses for those with less consistent records.According to an Amazon spokesperson, the new framework "better distinguishes between newer high performers and those who have consistently exceeded expectations for their role and level."Amazon's new pay model for 'high-performing' employees:Starting in 2025, employees who have received the company's highest performance rating, "Top Tier," for four straight years will get 110% of their pay band, up from the previous maximum of 100%, according to internal reports obtained by the Business Insider.However, first-time Top Tier performers will see a drop in their bonus from 80% of their pay range to 70%. Those with two consecutive Top Tier […]

[ad_1] Representative image (Picture credit: IANS) The Indian pharmaceutical market continued rising in April 2025, achieving a strong annual growth of 7.8%, with total sales reaching a remarkable Rs 19,711 crore.According to a report by Pharmatrack, the sector recorded an impressive Rs 1,424 crore in additional sales this month, highlighting its continued resilience and strong demand.The report attributed the growth primarily to price-led expansion, as well as the impact of new product introductions (NIS). On a moving annual total (MAT) basis, the industry surged to Rs 2,27,361 crore, reflecting an 8.3 per cent increase year-on-year and a healthy 10.3 per cent Compound annual growth rate (CAGR). These figures highlight the sector’s long-term growth potential and strong position in the market.Therapeutic segments such as cardiac, neuro/CNS, blood-related, anti-neoplastics, ophthalmology/otology, and urology were major contributors to the momentum in April, as the […]

[ad_1] Representative image (Picture credit: ANI) Consumer prices in China fell for the third month in April as the country grapples with sluggish spending amid a fierce trade war with the United States.The latest data, released on Saturday by the National Bureau of Statistics (NBS), showed that the consumer price index (CPI), a crucial inflation measure, dropped by 0.1 percent year-on-year. This marks a continuation of the downward trend observed in February and March, reflecting deep-rooted challenges for the world's second-largest economy.The world’s second largest economy has been struggling with deflationary pressures in recent years, facing longstanding woes in the property and exports sector.NBS statistician Dong Lijuan commented on the figures, attributing the decline to "international imported factors" which have led to lower prices in certain industries. These figures come at a critical time for the Asian giant, just ahead […]