The Indian markets appear to be expensive, on an absolute basis, with 1-year forward valuation at 20 times. The overall risk/reward ratio, thus, seem unfavourable on a historical basis, Gupta said
The decline in Hindustan Unilever shares this year has helped improve its multiples. The stock is currently trading at 46 times its forward earnings, below its five-year average of about 54 times
Institutional investments in real estate declined 55 per cent annually in January-March this year to USD 552 million as cautious foreign investors stayed away, pumping in only USD 11 mn, according to Vestian. The real estate sector had attracted USD 1,238.3 million (USD 1.23 billion) in the January-March period of 2023 calendar year, as per the report, which was released on Saturday. The latest data by global property consultant Vestian showed that the institutional inflow from foreign funds in the country's real estate plunged 99 per cent to just USD 11 million in the first quarter of 2024 from USD 791.4 million in the year-ago period. Domestic investors pumped in USD 541.1 million in the Indian real estate in January-March 2025, up 21 per cent from 446.9 million in the year-ago period. Vestian CEO Shrinivas Rao, said, "Domestic investors are bullish about India's growth story, and continue to pour in investments in the real estate sector. On the other hand, foreign investors are
Tesla's Chief Executive Officer is set to visit India and meet with PM Modi, who's seeking a third term in office in federal elections starting later this month
FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539 crore in February and a massive outflow of Rs 25,743 crore in January, data with the depositories snowed. With this, foreign portfolio investors' (FPIs) investment has turned positive to the tune of Rs 13,893 crore in equities so far in 2024 and Rs 55,480 crore in the debt market. Himanshu Srivastava, Associate Director at Manager Research at Morningstar Investment Research India, highlighted that FPIs have become significant buyers in March. The improved global economic conditions and positive Indian macroeconomic scenario have driven FPIs to invest in high growth-oriented markets like India. Additionally, the recent market correction has provided a buying ...
Global investors have 'consistently infused' average of $4 bn annually in the last five years, it says
The Indian High Commission here is working to get more and more investments into India's burgeoning economy led by aggressive progress being made in infrastructure, renewable energy and advanced technology space, envoy Shilpak Ambule has said. The High Commissioner listed three factors driving the growth saying for India, it will be a green growth with the development of renewable energy, while digital infrastructure has been put in place for smoother flow of economic activities and thirdly it will be sustainable growth. "We are very much committed to getting more investments from Singapore into India which is a growth story," the High Commissioner said at the '2024 Budget Analysis Singapore and India' event here on Tuesday evening. He also highlighted the wide range of economic activities driving the India growth story like continuing efforts on skilling youths, development of advanced technologies like semiconductors and efforts towards the growth of rural economy and empowering
The free trade agreement between India and the four European nation bloc EFTA will help boost trade and investments in the country in sectors such as engineering, pharma, food processing, and apparel, says the industry. India on Sunday signed a Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) under which New Delhi received a USD 100 billion investment commitment from these four European countries. The investment commitment by the companies of the grouping - Switzerland, Norway, Iceland and Liechtenstein - would be executed over a period of 15 years and facilitate creation of one million direct jobs in India. Industrialist and Tirupur Exporters Association President A Sakthivel said that the pact would help promote two-way commerce and help Indian apparel exporters increase their shipments. "The investment commitment will boost domestic manufacturing," Sakthivel said. Industry body CII President R Dinesh said that the "unique" pledge b
Foreign Portfolio Investors (FPIs) continued their bullish stance on the country's debt markets with a net infusion of over Rs 18,500 crore so far this month, driven by upcoming inclusion of Indian government bonds in the JP Morgan Index. This came following a net investment of over Rs 19,836 crore in January, making it the highest monthly inflow in more than six years. This was the highest inflow since June 2017, when they infused Rs 25,685 crore. "With introduction of India in global bond indices this year, Indian debt inflows should get steady flows going ahead. Also, further front-loading before actual inclusion in June this year is also expected. This is also in line with long-term aim to deepen our underdeveloped debt-markets," Kislay Upadhyay, smallcase Manager & Founder Fidelfolio, said. On the other hand, foreign investors pulled out Rs 424 crore from equities during the period under review. Before this, they withdrew a massive Rs 25,743 crore in January, data with the ..
The circle of time has moved, Prime Minister Narendra Modi said on Monday, noting that the country is not only bringing back its ancient idols from abroad but also getting record foreign investment. Addressing a gathering after laying the foundation stone of the Shri Kalki Dham temple here in Uttar Pradesh, he said on one hand places of pilgrimage are being developed and, on the other, cities are getting hi-tech infrastructure. The programme was attended by seers and religious leaders from across the country. "Our ancient idols are being brought back from abroad and we are getting record foreign investment, the circle of time has moved," the prime minister said and highlighted that "Chhatrapati Shivaji Maharaj had encouraged us to take pride in our identity". Modi, who was accompanied by Uttar Pradesh Chief Minister Yogi Adityanath and Kalki Dham Peethadheeshwar Acharya Pramod Krishnam, also unveiled a model of the temple. The Shri Kalki Dham is being constructed by the Shri Kalki
From flight delays due to fog to devotees reaching Ram temple in Ayodhya, catch all the latest updates from around the world here
Investments of over Rs 6 lakh crore in Tamil Nadu have been promised by various companies during the Global Investors Meet 2024 organised by the DMK government in the state, Chief Minister M K Stalin said on Monday. Participating in the valedictory session of GIM 2024, the chief minister said companies have committed to investing a total of Rs 6,64,180 in Tamil Nadu and added that it would create as many as 26,90,657 lakh direct and indirect jobs in the state. Delivering his address in the presence of party cabinet colleagues and business leaders, including the chairman of diversified conglomerate Mahindra Group, Anand Mahindra and TAFE Ltd Chief Mallika Srinivasan, Stalin assured the industrialists that all the necessary clearances for the new investments would be issued through single window clearance.
The U.S. 10-year bond yield has fallen to around 3.85% on rate cut hopes, widening the spread with its Indian peer to 335 basis points from around 240 bps in late October
The pullback has left the 10-year yield around 7.20%, which traders say is attractive
More than Rs 55,000 crore in foreign contributions were received by over 13,500 FCRA registered NGOs in the country in three financial years 2019-22, Lok Sabha was informed on Tuesday. Union Minister of State for Home Nityanand Rai said in order to accept foreign contributions, all associations or NGOs have to obtain registration or prior permission under the Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010). "A total of 13,520 associations or NGOs have received a total of Rs 55741.51 crore foreign contribution in last three financial years i.e. 2019-2020 to 2021-2022," he said in a written reply. Rai said a total of 1,615 applications for registration under FCRA were received in the last two years i.e. 2021 and 2022. Out of these, 722 applications have been granted and 225 applications have been rejected as on December 14, 2023. The refusal of these applications was due to not fulfilling the eligibility criteria in accordance with the provisions of the FCRA, 2010 and rules
External Affairs Minister S Jaishankar on Wednesday sought investments from Nordic-Baltic countries in the development of ports, renewable energy, food processing and fisheries, saying India has put in place institutional frameworks for closer business-to-business cooperation. Addressing the India Nordic Baltic Business Conclave here, Jaishankar also said that India has opened embassies in Tallinn and Vilnius recently and plans to start an embassy in Latvia very soon. He said India has set up an ambitious target to set up renewable energy capacities of 450 gigawatts by 2030, lined up port-led development involving over 600 projects under the Sagarmala program, while the food processing sector has the potential to attract USD 33 billion over the next decade. "So these offer real opportunities for the NB8 (Nordic-Baltic) countries for investment, for trade and for tech collaboration and exchange of mutual expertise and best practices. The growth of fisheries, too, is a domain of natur
Foreign direct investment (FDI) equity inflows in India declined 24 per cent to USD 20.48 billion in April-September 2023, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 26.91 billion during the first six months of the last fiscal. Inflows during January-March 2023 also contracted 40.55 per cent to USD 9.28 billion. During April-June last year, it declined 34 per cent to USD 10.94 billion. Investments from overseas fell in April, May, June, July and August. However, in September, it rose to USD 4.08 billion compared to USD 2.97 billion in the same month last year, the data from the Department for Promotion of Industry and Internal Trade (DPIIT) showed. The total FDI -- which includes equity inflows, reinvested earnings and other capital -- contracted 15.5 per cent to USD 32.9 billion during the period under review against USD 38.94 billion in April-June 2022. During the six months of thi
The move follows remarks made by the Finance Minister, Nirmala Sitharaman, in September on permitting Indian companies to undertake "direct foreign listings"
Issues final valuation rules for funding in unlisted startups for foreign and domestic investors
Claiming that there was a huge appetite for investment in Pakistan, Interim Prime Minister Anwaar-ul-Haq Kakar on Friday said an estimated USD 60-70 billion foreign investment was expected in the country over the next three to five years. The investment was expected under the government's new initiative of the Special Investment Facilitation Council (SIFC), a civil-military joint initiative launched by the previous government, Kakar told journalists. There are also pledges and promises of additional investments the country can receive totalling nearly the same amount we have to design and submit the diversified projects, he said, adding, There was a huge appetite for investment in Pakistan. According to some estimates, he said, Pakistan has mines and minerals worth USD 5-6 trillion. The reserves at Reko Diq in Balochistan alone have a worth of USD 700 billion, he said, adding, We are moving towards realizing this potential. The caretaker prime minister said there was a plan to ..