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After investing in Indian equities for two consecutive months, foreign investors turned net sellers in the first week of September, pulling out Rs 7,443 crore as a rebound in crude oil prices, rising US bond yields, and a firm dollar dented risk appetite. The outflow came after foreign portfolio investors (FPIs) infused Rs 30,919 crore in August and Rs 20,200 crore in July. Before that, they remained net sellers for four straight months from March to June. With the latest withdrawal, total outflow by foreign portfolio investors from Indian equities has climbed to Rs 2.32 lakh crore so far in 2026, surpassing the Rs 1.66 lakh crore withdrawn in 2025. Rajkumar Rathi, Chief Investment Officer at YES Securities, said the recent selling was driven by a rebound in crude oil prices, raising concerns over India's inflation and current account outlook. "Further strengthening US bond yields and a firm dollar index have reduced foreign risk appetite for emerging markets," he said. Rathi also
As India continues its journey towards becoming one of the world's largest economies, tax reforms that improve predictability and reduce complexity will play a vital role in attracting global capital and fostering entrepreneurship, a senior financial industry expert said here on Tuesday. "It is also important to have a deep understanding of the growing economic partnership between India and Singapore and the importance of continuous dialogue on regulatory developments that impact cross-border investments," said Sanjay Gattani, chairperson of the Singapore Chapter of the Institute of Chartered Accountants of India (ICAI). Gattani also highlighted the increasing importance of keeping the global Indian community informed of India's rapidly evolving regulatory and tax environment. He noted that India today stands at a pivotal stage of economic transformation, driven by structural reforms, digitalisation, and a strong commitment to enhancing the ease of doing business. Gattani emphasised
Two universities from the UK and one from Australia were granted Letters of Approval (LoAs) to establish campuses in India, the Ministry of Education announced on Tuesday. The move is aimed at strengthening the country's bid to becoming a global education hub under the National Education Policy (NEP) 2020, it said. The varsities granted letters were the University of Bristol and the University of York from the United Kingdom, both of which will set up campuses in Mumbai, and the University of New South Wales from Australia, which will establish its campus in Bengaluru. The LoAs were handed over by Higher Education Secretary and University Grants Commission (UGC) Chairman Vineet Joshi in the presence of Union Education Minister Dharmendra Pradhan. In a statement, the ministry said the LoAs were received in person by Executive Dean and Director, University of Bristol, Michelle Jones; Vice-Chancellor, University of York, Professor Charlie Jeffery and Deputy Vice-Chancellor, Education