FPIs net buyers for 2nd consecutive month in Nov, invest record  sum of Rs 60,358 cr in equities

FPIs net buyers for 2nd consecutive month in Nov, invest record sum of Rs 60,358 cr in equities

Monday, 30 November 2020 | PTI | New Delhi

Foreign portfolio investors (FPI) remained net buyers for the second consecutive month in November by pumping in a whopping Rs 62,951 crore in Indian markets.  For equities segment, this is the highest quantum of money invested ever since the FPI data has been made available by the National Securities Depository Ltd. According...

CBIC asks for physical verification of biz granted deemed GST registration between Aug 21-Nov 16

Monday, 30 November 2020 | PTI | New Delhi

The CBIC has asked field offices to carry out physical verification of premises of businesses which have been granted deemed GST registration between August 21 and November 16 to ascertain that they have genuine business or intend to carry out so. The Central Board of Indirect Taxes and Customs (CBIC) has...

RBI likely to maintain status quo for 3rd straight time on inflation concerns

Monday, 30 November 2020 | PTI | New Delhi

The Reserve Bank is likely to keep the benchmark interest rates unchanged in its next monetary policy review in view of heightened retail inflation which has persistently remained above its comfort level, feel experts. However, with the economic growth continuing to remain in the negative territory for the second consecutive quarter...

Members of oil cartel to meet as coronavirus rattles demand

Monday, 30 November 2020 | AP | New York

Leaders of the OPEC cartel are meeting virtually to decide, once again, how much oil their members should produce as lockdowns related to the coronavirus continue to stifle demand for crude. They're expected to extend production cuts well into the new year, in an effort to boost volatile oil prices. The OPEC...

Banks in India to see capital decline over 2 years without fresh infusion: Moody's

Monday, 30 November 2020 | PTI | New Delhi

Moody's Investors Service on Monday said the bank capital will moderately fall in emerging Asia over the next two years, with India seeing larger capital decline without further infusion. In a report, Moody's said the uncertain trajectory of asset quality is one of the biggest threats for emerging market banks, as...

Air India pilot unions seek civil aviation ministry's intervention on wage cut issue

Monday, 30 November 2020 | PTI | Mumbai

Air India pilot unions IPG and ICPA on Monday sought the civil aviation ministry's intervention on the wage cut issue and also requested for an "urgent" meeting with him on several other issues. "In our meetings in September, you had given us an assurance to look into our grievances positively.  While...

‘Chinese activities along Indian border provocative’

Monday, 30 November 2020 | PTI | Washington

An influential US lawmaker has expressed concern over reports of China’s continuing construction activities along the Indian border in Ladakh, saying if the reports are true, it is a “provocative measure” on the part of Beijing and fits the pattern of its conduct in the South China Sea. India and China...

Strike Haifa if Israel killed scientist: Iran newspaper

Monday, 30 November 2020 | AP | TEHRAN

An opinion piece published Sunday by a hard-line Iranian newspaper urged Iran to attack the Israeli port city of Haifa if Israel carried out the killing of the scientist who founded the Islamic Republic’s military nuclear programme in the early 2000s. Though the hard-line Kayhan newspaper has long argued for aggressive...

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