MUMBAI: Forex dealers expect a gap opening in the rupee-dollar exchange rate, with the domestic unit likely to record its sharpest gain in recent times. However, there is also a looming market freeze, with RBI’s aggressive anti-speculation measures risking paralysis of legitimate market-making, choking interbank liquidity and inadvertently penalising genuine corporate hedgers.Oil companies, normally the…
NEW DELHI: Foreign investors have withdrawn Rs 44,166 crore from Indian equities so far in Oct, bringing the total outflows this year to more than Rs 3 lakh crore as elevated crude oil prices, a firmer US dollar and higher US bond yields weigh on investor sentiment. Also, the AI-led rally in North Asian markets…
NEW DELHI: India’s smartphone market is expected to witness a 12% decline in sales (by volumes) this festive season, even as the overall market value is projected to grow 5%, reflecting a shift towards pricier devices and longer replacement cycles, according to Counterpoint Research.Rising memory costs have pushed up smartphone prices, prompting consumers to defer…
A man bought a flat from a builder but did not get possession of it in the promised time period in the sale agreement. (Image for representative purpose only) When buying your dream home, timely possession is an important point. Yet in some cases builders fail to deliver flats and houses within the stipulated time…
RBI’s new forex rules may ease rupee depreciation pressure in near term (representative image) NEW DELHI: The Reserve Bank of India‘s (RBI) latest measures to curb volatility in the rupee could ease near-term depreciation pressure, reduce speculative dollar demand and help withdraw surplus liquidity from the banking system, according to research reports cited by news…
Gold, silver prices may stay range-bound with positive bias next week (representative image) Gold and silver prices are likely to remain range-bound with a mildly positive bias next week, as weakness in the rupee supports domestic bullion prices amid global fluctuations, analysts said.Investors will also track inflation data from India, China and the US for…
Even as Sensex continues to bleed, Dalal Street’s IPOs are seeing strong investor interest. There seems to be no end in sight for the stock market crash. Investors, especially foreign, are exiting Indian equities with record outflows continuing. Sensex is down almost 16% from its lifetime intraday high, and hasn’t hit a fresh closing high…
NEW DELHI: Foreign portfolio investors (FPIs) have withdrawn Rs 44,166 crore from Indian equities so far in October, taking their total outflows in 2026 to more than Rs 3 lakh crore, as elevated crude oil prices, a stronger US dollar and high US bond yields weigh on investor sentiment.Foreign investors are also shifting funds towards…
The officer therefore treated Rs 10 lakh as an unexplained investment. (Image for representative purpose only) Having a money trail of your investments and its sources is important. Unexplained income and investments can invite scrutiny from the Income Tax Department.In one such case, a man invested some money in a wealth management company and faced…
PERM Is a crucial stage in the process of getting employment-based green cards in the US. In yet another blow to the Indian IT sector and its professionals, the Donald Trump administration has barred as many as eight technology companies from participating in a programme that is used to seek green cards for foreign workers….
