Domestic investors are tightening their grip on the ownership of listed companies. The gap between the shareholding of domestic institutional investors (DIIs) and foreign portfolio investors (FPIs) narrowed to 13.11 percentage points at the end of the September 2023 quarter. At the peak, the gap was nearly 50 percentage points in March 2015, according to an analysis by Prime Database, a leading provider of data on the capital market.
Posts tagged Rediff
‘Challenge for us is resource management’ (21-11-2023)
‘The fact still remains that we will have to deliver, so the pressure is now on us to make sure we get our resources, our supplies lined up at acceptable costs.’
Will Tata Steel’s new deal aid profitability? (21-11-2023)
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan’s commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala’s new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel’s legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
Gandhigiri To Recover Bad Loans (21-11-2023)
Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan, observes Tamal Bandyopadhyay.
EPFO adds 17.21 lakh net members in September (20-11-2023)
Retirement fund body EPFO recorded a net addition of 17.21 lakh members in September, according to payroll data released on Monday. Month-on-month comparison of payroll data shows an increase of 21,475 net members over August 2023, a labour ministry statement said. Year-on-year comparison of payroll data reflects an increase of 38,262 net members over September 2022.
Funding winter for Indian startups may end by March (20-11-2023)
Funding winter for Indian startups likely to end by March: Experts Investors attending the TiE Global Summit (TGS) exuded confidence that funding winter for Indian startups will end by March but said budding entrepreneurs seeking funds must come up with credible plans to generate returns on investments, as fancy valuations will no longer impress global fund managers. Funding winter, which refers to the drying up of funds for startups, remained the overarching theme at the recently concluded TGS 2023, the eighth edition of the flagship event organised by TiE.
Flavours of ICC Cricket World Cup final on apps (20-11-2023)
As the Men in Blue took on Australia in an intriguing ICC Men’s Cricket World Cup final in Ahmedabad on Sunday, the orders on quick delivery platforms reflected the pulsating mood of the nation.
Sensex ends in red amid sell-off in auto, commodity (20-11-2023)
Among the Sensex firms, Bajaj Finance, Mahindra and Mahindra, UltraTech Cement, Bajaj Finserv, Asian Paints, Hindustan Unilever, Tata Motors and JSW Steel were the major laggards.
Political uncertainty is main risk to GDP growth (20-11-2023)
India’s real GDP growth will decline marginally to 6.3 per cent in 2024 from the 6.4 per cent estimated for 2023, an American brokerage firm said on Monday. The next calendar year will be of two halves, wherein the government spending before the upcoming General Elections will be the key driver for growth, while after the elections, it will be the re-acceleration in investment growth, especially from the private sector, Goldman Sachs said in a report. From a fiscal year perspective, the brokerage said it expects growth to accelerate to 6.5 per cent for FY25 from the 6.2 per cent it has projected for the ongoing FY24, it added.
WC: Ahmedabad airport sees surge in chartered flights (20-11-2023)
Ahmedabad airport recorded thrice the number of private chartered/VIP flights in the build-up to the final of the ICC Men’s Cricket World Cup as compared to the average four-day period. The airport, which usually operates around 64 chartered flights in a span of four days, is set to handle 205 such flights between November 17 and 20, as celebrities and other VIPs descended to watch the India-Australia match.