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BJD declares support for BJP candidate Ashwini Vaishnaw in Odisha Rajya Sabha elections (14-02-2024)
FPIs’ investment value in equities jumps 13% to $738 bn in Dec quarter (14-02-2024)
The value of FPIs (Foreign Portfolio Investors) holding in Indian equities reached USD 738 billion in the three months ended December 2023, marking a surge of 13 per cent from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar.
The value of FPIs investment was at USD 651 billion in the September quarter of the current fiscal.
On a year-on-year basis, the value of such investments rose 26 per cent from USD 584 billion in December 2022.
“This could be attributed to the good performance of the domestic equity markets as well as strong net inflows from FPIs,” the report noted.
However, FPIs’ contribution to Indian equity market capitalisation fell marginally during the quarter under review to 16.83 per cent from 16.95 per cent in the previous quarter.
After withdrawing USD 5.38 billion in the September quarter, foreign investors were net buyers in the Indian equity markets to the tune of USD 6.07 billion in the th
SBI extends rally post Q3 results; soars 5% to new high on steady outlook (14-02-2024)
In past 15 trading days, the market price of SBI has zoomed 24 per cent as the bank’s management remains confident on growth, maintenance of margins and improvement in RoA ahead
Tata Elxsi inaugurates its new global design and engineering center in Chinchwad, Pune (14-02-2024)
The new center is specifically tailored to cater to the technology and digital transformation priorities of key automotive OEMs and Tier 1 suppliers.
Sebi warns investors against ‘unscrupulous entities’ promising high returns (14-02-2024)
‘There can be no guarantees of assured returns in securities market,’ says regulator
NALCO surges 10% on heavy volumes on strong Q3 earnings (14-02-2024)
Earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 68 per cent YoY to Rs 770 crore, driven by better operating performance in the aluminum business.
Tata Power Renewable Energy signs power delivery agreement with Tata Communications (14-02-2024)
Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company, has signed a power delivery agreement with Tata Communications for an 18.75 MW AC group captive solar power plant.
Nxtra enhances its commitment of reducing its carbon footprint (14-02-2024)
Signs power-wheeling agreement to source renewable energy for its data centers
Sri Adhikari Brothers Television Network reports consolidated net loss of Rs 5.22 crore in the December 2023 quarter (14-02-2024)
Sales reported at Rs 0.32 crore
Bambino Agro Industries standalone net profit declines 31.64% in the December 2023 quarter (14-02-2024)
Sales rise 2.14% to Rs 75.49 crore