Foreign Portfolio Investors (FPIs) have continued their withdrawal from Indian equity markets, pulling out over ₹7,300 crore (approximately $840 million) in the first week of February. This trend follows a massive outflow of ₹78,027 crore in January, marking a sharp reversal from the ₹15,446 crore invested in December. The ongoing exodus is attributed to escalating …
OpenAI CEO Envisions India Leading AI Revolution During a visit to New Delhi, OpenAI’s CEO Sam Altman enthusiastically endorsed India’s growing momentum in artificial intelligence (AI) development, expressing confidence that India will emerge as a key player in the AI revolution. His remarks highlight India’s substantial progress in adopting and advancing AI technologies, with OpenAI …
Shantanu Naidu, the close aide and manager of the late Ratan Tata, has announced an important career move on LinkedIn. Naidu, often seen as Tata’s right-hand man in his final years, shared his excitement about joining Tata Motors in a senior position. New Role at Tata Motors Naidu revealed in his post, “I’m happy to …
On February 7, 2025, Indian stock markets ended lower despite the Reserve Bank of India (RBI) cutting the repo rate by 25 basis points (bps) to 6.25%. The central bank, however, kept its policy stance unchanged, with RBI Governor Sanjay Malhotra stating that the focus remains on controlling inflation while supporting economic growth. The BSE …
The NSE Nifty 50 and BSE Sensex experienced significant volatility throughout the week ending Friday, February 7, 2025. The NSE Nifty 50 remained volatile during the week ending Feb 7, 2025. On Feb 3, it opened at 23,319.35 and closed 0.52% lower at 23,361.05. Feb 4 saw a 1.62% gain, with Nifty hitting 23,762.75 before …
Malabar Gold & Diamonds, the Indian jewellery group, has announced plans to expand into New Zealand, with an investment of NZD 75 million (₹371 crore) over the next two years. The company will open three new showrooms as part of its international growth strategy. Plans and Investment Malabar Gold & Diamonds has a presence in …
An Indian middle-class person with a regular income can barely afford to buy a property and has to rely heavily on loans to finance it. Many of us have taken out a home loan for our dream home. Home loans are securitized, which means that your property will remain the lender’s until you return the entire …
Personal loans have always been known among people due to how quickly they can be acquired with no collateral required. This has been made faster with the online facilities available now. Whether one requires money for a medical emergency or wedding fund or your child’s higher education and even to clear off outstanding dues, personal loans come …
Reduction of debt should be at the core of your personal financial planning. Managing your debt is the first step towards planning your personal finances. Your debt could come in a variety of ways — your credit card payments, car loans, home loans, personal loans, informal loans, etc. Even before you consider insurance and investment, …
On February 6, 2025, major equity indices closed in negative territory as investors waited for the RBI MPC decision expected on Friday, February 7, 2025. The BSE Sensex fell by 213.12 points (0.27%) to close at 78,058.16. During the day, it traded between 78,551.66 and 77,843.99. The NSE Nifty50 dropped by 92.95 points (0.39%) to …
