Most of the Indian software-as-a-services startups with presence in the US and firms linked to incubator Y Combinator are among those entities who will feel the heat of the Silicon Valley Bank collapse but the impact is likely to be short term, according to various industry players and experts. The Y Combinator-backed startups get their … Read more
ICICI Bank, TCS, HDFC twins – Eight of the top 10 valued firms faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week, with Reliance Industries and ICICI Bank taking the biggest hit amid an overall weak trend in equities. During the holiday-shortened week, the 30-share BSE Sensex declined 673.84 points or … Read more
Foreign investors have infused over Rs 13,500 crore in the Indian equities so far this month, reversing their selling trend, primarily driven by bulk investment from US-based GQG Partners in the Adani Group companies. This came following a net outflow of Rs 5,294 crore in February and Rs 28,852 crore in January. Prior to that, … Read more
The journalism of The Independent is supported by our readers. When you make a purchase through links on our site, we may earn a commission. asiaindia ‘It continues with what NYT And some other like-minded foreign media are spreading lies about India. India’s Information and Broadcasting Minister Anurag Thakur (L) and National Security Advisor Ajit … Read more
Foreign portfolio investors have pulled out a net of over Rs 17,000 crore this month so far due to the attractiveness of the Chinese markets and the cautious stance adopted ahead of the Union Budget and US Federal Reserve meeting. FPIs withdraw Rs 17000 cr from Indian equities in January so far; adopt cautious stance … Read more
At least one Indian pilot was killed after two Indian Air Force (IAF) jets crashed during a training mission in central India on Saturday, Air Force officials said. Two other pilots were injured in the crash, initially said to be a mid-air collision. One pilot killed, two injured in Indian Air Force fighter jet collision … Read more
Indian stock markets are embarking on a shorter settlement cycle or T+1 regime for the final list of large stocks from Friday, a move that will help reduce margin requirements for clients and boost retail investment. The final batch of securities — including stocks, ETFs, debt instruments, real estate investment trusts (REITs) and infrastructure investment trusts … Read more