FPI’s Investment Value In Indian Equities Drops Majorly
The value of Foreign Portfolio Investment (FPI) holdings in Indian equities dropped by 11% and reached $584 billion at the end of December 2022, according to the Morningstar report. The holdings were largely on low returns given by the Indian equities and the exodus of foreign money from the domestic stock market. The value of…
Equity vs. Debt: Which Is A Good Start For Business?
Equity vs. debt: which is a good start for business? This is one of the most common questions that come to mind when someone starts a business. The answer to this question depends on a number of factors such as economic climate, the business’s existing capital, and business niche. In this article, you will find…
Approves Tata Steel’s Bid to Acquire 93.71% Equity in NINL
The Government on Monday has approved the highest bid of Tata Steel Long Products Limited for acquiring 93.71% equity in Neelachal Ispat Nigam Ltd (NINL), a joint venture of 4 CPSEs ─ MMTC, NMDC, BHEL, MECON, and 2 Odisha Government-owned companies ─ OMC and IPICOL. This is a combined decision of three Ministers ─ Transport…
Mutual Fund SIP Contributes to Set a New Record In August
The investment in the mutual fund continued to surge in August, shows data released from the Association of Mutual funds in India (AMFI). With monthly SIP contributions rising to Rs. 9,923 crore, new SIP registration now reached 25 lakh, the highest number ever. The number of registrations last month was nearly 2.5 times higher than…