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Posts tagged Rediff
FPIs pump Rs 33,700 cr in equities in Sep (22-09-2024)
Foreign investors have injected close to Rs 33,700 crore in domestic equities in this month so far primarily due to interest rate cut in the US and resilience of the Indian market. This also marks the second highest inflow in a month in this year so far, the last one being in March, when Foreign Portfolio Investors (FPIs) infused Rs 35,100 crore, data with the depositories showed. Going ahead, the trend of FPIs buying is likely to continue in the coming days, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
FPIs pump Rs 33,700 cr in equities in Sep (22-09-2024)
Foreign investors have injected close to Rs 33,700 crore in domestic equities in this month so far primarily due to interest rate cut in the US and resilience of the Indian market. This also marks the second highest inflow in a month in this year so far, the last one being in March, when Foreign Portfolio Investors (FPIs) infused Rs 35,100 crore, data with the depositories showed. Going ahead, the trend of FPIs buying is likely to continue in the coming days, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
Margin woes, valuations to weigh on P and G Hygiene (21-09-2024)
From its highs over the past month, the stock of Procter and Gamble Hygiene and Healthcare fell 7 per cent before recovering this week. The stock has been an underperformer over the last year and has traded flat over this period.
Tribunal rejects tax claim against RCom (21-09-2024)
The NCLAT has set aside a petition filed by the state tax department claiming dues from Reliance Communications (RCom) observing that it was based on the assessment made after the initiation of insolvency resolution process against the debt-ridden firm. A two-member NCLAT bench upheld the earlier order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had rejected the state tax department’s second claim of Rs 6.10 crore. Corporate Insolvency Resolution Process (CIRP) against RCom was initiated on June 22, 2019. The state tax department had filed two claims.
‘The EV Market Is Hotting Up’ (21-09-2024)
‘A lot of players such as Maruti and Hyundai are entering the market in the first and the second quarters of 2025.’
Are I-T Returns Details Private? (21-09-2024)
Disclosing an individual’s income-tax returns is tantamount to violating the person’s fundamental right to privacy as recognised by the Constitution.
Why Are Samsung Workers On Strike? (21-09-2024)
According to CITU, around 90% of the 1,723 workers of the Sriperumbudur plant are participating in the strike. Samsung said it is ready to talk to employees and not a third party like CITU.
Forex reserves rise to a fresh high of $689.46 bn (20-09-2024)
India’s forex reserves rose by $223 million to a new all-time high of $689.46 billion for the week ended on September 13, according to the Reserve Bank data released on Friday. The overall forex kitty had jumped by $5.25 billion to a high of $689.24 billion for the previous reporting week ended on September 6.
EY fallout: Deloitte forms team for people practices (20-09-2024)
Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte has formed a three-member external committee, which includes former revenue secretary Tarun Bajaj, to look into practices, policies and processes concerning employees, its South Asia CEO Romal Shetty said on Friday. Shetty said to manage the work pressure within the organisation and have an open work culture, Deloitte has a chief happiness officer and takes strictest action for any bad behaviour within the organisation. Deloitte is one of the four major global tax consultancy firms.