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FPIs withdraw Rs 34,843 crore from Indian stocks; second straight month of selling spree
India14h ago

FPIs withdraw Rs 34,843 crore from Indian stocks; second straight month of selling spree

Foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October, continuing a trend. Despite substantial outflows, foreign investors became net buyers towards the end of the month. Market experts suggest that recent foreign buying may indicate a shift in sentiment. Investors are focused on global crude prices and US interest rates influencing markets. The outcome of upcoming events will remain critical for future investment flows.

Times of India - India News
‘Indian manufacturers should target 20% annual growth, exports must drive expansion’
India15h ago

‘Indian manufacturers should target 20% annual growth, exports must drive expansion’

India's recent free trade agreements with the UK and EU will aid domestic manufacturers in expanding exports. Industry participation and awareness efforts are crucial for capitalizing on the benefits of these FTAs. Export diversification is a key strategy for companies amid global economic uncertainties, particularly with European markets. Companies should focus on targeting significant markets to increase their presence in international trade.

Times of India - India News
India's record oil imports hit 5.6 million bpd as Middle East, Russia supplies rise: Report
India16h ago

India's record oil imports hit 5.6 million bpd as Middle East, Russia supplies rise: Report

India witnessed a notable rise in crude oil imports, reaching approximately 5.6 million barrels per day in October. A significant portion, around 2.3 million bpd, came from the Middle East, with Russian shipments also holding a firm position at nearly 2 million bpd. Yet, increasing freight costs might diminish the desirability of Russian oil moving forward.

Times of India - India News
Binance to resume withdrawals after recovering 95% of $6.3 billion crypto theft
India19h ago

Binance to resume withdrawals after recovering 95% of $6.3 billion crypto theft

Binance has announced a phased resumption of cryptocurrency withdrawals following a significant heist of $6.3 billion. The exchange reported it has recovered 95% of the stolen digital assets, enabling this process. The remaining 5% consists of less liquid tokens, which may require additional time to source. The FBI is investigating the cyberattack, linking it to a North Korean hacking group named TraderTraitor.

Times of India - India News
Apple reclaims world's most valuable company title as Nvidia slips amid AI investment concerns
India20h ago

Apple reclaims world's most valuable company title as Nvidia slips amid AI investment concerns

Apple has reclaimed the position of the world's most valuable company, surpassing Nvidia amid rising concerns. Both companies have seen their stock prices decline, with Apple falling 1.2 percent and Nvidia 4.2 percent. Significant investments in artificial intelligence by major firms have raised questions regarding long-term sustainability. Apple's limited capital expenditure on AI compared to rivals has attracted investor interest and boosted free cash flow projections.

Times of India - India News