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Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
Foreign portfolio investments declined to its lowest level in 12 years
Indian markets also fell more than 1 per cent on Friday, with the benchmark National Stock Exchange Nifty ending at 24,718
The Nifty has rallied 15 per cent this year--the best-return among major global markets--amid optimism around India's growth prospects and driven by robust flows
Starting valuations remain vital to performance
The IPO comprises a fresh fund raise worth Rs 1,666 crore and a secondary share sale worth Rs 2,528 crore
Call for fair treatment of domestic and foreign investors; review retrospective tax implications
India's market cap rises by Rs 25.5 trillion to Rs 463 ($5.5 trillion) in July
India's market capitalisation had closed above $5 trillion on May 24, 2024, as per Bloomberg data
After hitting an intraday high of 24,999.75, the 50-share blue chip company index closed at 24,836, up 1.25 points over its previous close
The Commerce minister termed the criticisms against the hike in capital gains tax and securities transaction tax in derivatives trading as fear-mongering
The Nifty rose 1.7 per cent, or 429 points, to close at 24,835, a new record
Churn in holdings will attract higher tax; no-pass through advantage like MFs, AIFs
FPIs selling amid weak global cues also weighed on market performance
ITC gained 3.8 per cent as there were no changes in the taxes related to tobacco products
Tweaks to capital market-related taxes could tip the scales of investor sentiment
Blue-chip records mask the quiet erosion in broader indices
Benchmarks snap 4-day winning run amid global IT outage
The Sensex closed at 81,343, with a gain of 627 points, or 0.8 per cent. From the intra-day lows, the index climbed nearly 1,000 points
Ambani says that given the government's robust revenue position, there won't be any disruptive tax measures in the upcoming Budget
Ahead of its initial public offering, shares of Sanstar are trading at a premium of 40 per cent in the grey market