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18 November, 2024

Johns Hopkins University explores setting up offshore campus in India, delegation meets Education Minister Pradhan

Dharmendra Pradhan, Johns Hopkins University discuss plans for offshore campus in India (ANI Photo) NEW DELHI: Union Education Minister Dharmendra Pradhan met with a high-level delegation from Johns Hopkins University (JHU) on Sunday, during which the two sides explored the potential for establishing an offshore campus of the prestigious US university in India.The 12-member delegation

18 November, 2024

CLSA, Citi split on outlook for Indian equities

Foreign investors have sold over $13 billion of Indian equities since October. CLSA and Citi are taking opposite stances on Indian equities. CLSA reversed its tactical overweight on China while raising exposure to India, saying the South Asian nation is least likely to feel the heat from potentially higher tariffs when Donald Trump takes office

18 November, 2024

Stock market today: BSE Sensex, Nifty50 open flat in trade

Technical perspective indicates a downward short-term trend, with potential for recovery above 23,500. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened flat in trade on Monday. While BSE Sensex was near 77,600, Nifty50 was below 23,550. At 9:19 AM, BSE Sensex was trading at 77,589.93, up 10 points

18 November, 2024

Gold loses lustre after Trump’s win

Donald Trump’s victory immediately buoyed markets from stocks to Bitcoin. Gold is going to take a lot longer to turn things around.In the two days following his win, Gold’s performance was the worst in at least 13 US presidential election windows, according to Deutsche Bank. Gold prices have dropped almost 7% since election day, even

18 November, 2024

‘Modi government attends to people’s voices’

NEW DELHI: FM Nirmala Sitharaman, a frequent user of social media, on Sunday took to X to respond to a user’s suggestion seeking relief for the middle class.“I recognise and appreciate your concern. PM @narendramodi ‘s govt is a responsive govt. Listens and attends to people’s voices. Thanks once again for your understanding. Your input

18 November, 2024

FPIs continue selloff with Rs 22k crore withdrawal in November

NEW DELHI: Foreign investors have pulled out Rs 22,420 crore from the Indian equity market so far this month, owing to high domestic stock valuations, increasing allocations to China, and the rising US dollar as well as Treasury yields.With this sell-off, Foreign Portfolio Investors (FPIs) have recorded a total outflow of Rs 15,827 crore in

18 November, 2024

RCEP of little use to India, China to gain: Think tank

NEW DELHI: Days after Niti Aayog CEO BVR Subrahmayam sought a review of joining RCEP, think tank GTRI on Sunday, thumbed down the idea, arguing it will only benefit China in the wake of its opaque trade practices and was unlikely to boost FDI.“Any benefits from RCEP would likely be minimal and incremental, especially considering

18 November, 2024

Nifty companies see marginal 4% rise in profits in Q2

MUMBAI: The September quarter of FY25 was the second consecutive three-month period when Nifty 50 companies showed a single-digit growth in net profits, thanks to the poor showing by companies in the commodities sector. However, the good news is that the second half of the current fiscal is expected to be better, a report by

18 November, 2024

Government plans 100% FDI, eased rules for agents in insurance bill tweak

NEW DELHI: Government is all set to allow 100% foreign direct investment in insurance business, paving the way for large companies to enter the market on their own, while allowing individual insurance agents to hawk policies of multiple companies, lifting the cap on being associated with only one life and general insurer.The twin measures are

18 November, 2024

Brazil’s super rich tax proposal may get stuck

NEW DELHI: Brazil’s proposal to tax the super-rich is unlikely to be carried through when leaders of the G20 meet in Rio De Janeiro later this week as the original plan has been “significantly diluted” due to the stiff resistance from developed countries.Under its G20 Presidency, Brazil had proposed a 2% minimum tax on the