Finance Minister Nirmala Sitharaman on Monday underscored the need for a stable government to achieve the goal of becoming Viksit Bharat by 2047. "Our Prime Minister has set a target that by 2047, we need to reach the destination of a developed India," she said while addressing students of GITAM University here. "We have to make efforts, so the GDP grows, and the benefits reach to all. GDP growth doesn't happen automatically; efforts are required at micro and macro levels and on the ground," she said. The image of the country is also important, along with the ranking of your GDP, she said, adding that all these factors matter, along with per capita income calculations. "Unless the GDP is widened, we are not going to be able to meet the demands of the economy. We need investment, services to grow, educational institutions, and money for people to buy houses, start businesses," she added. She also criticised former Finance Minister P Chidambaram for questioning the developmental pac
Local governments in China have the authority to grant QDLP licenses, and Hainan has been one of the most active issuers of such approvals
Outstanding NRI deposits up $2 billion in February over January
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
U.S. Treasury wants to enhance the power of a little-known, secretive government committee to review deals made between U.S. firms and foreign investors. This comes as high-profile deals involving foreign investment in the U.S. like Chinese firm ByteDance's ownership of popular social media app TikTok and Japanese firm Nippon Steel's bid to purchase Pittsburgh-based U.S. Steel Corp. receive increased scrutiny by lawmakers and even President Joe Biden. A new proposed rulemaking would strengthen powers for the interagency Committee on Foreign Investment in the United States known as CFIUS which is tasked with investigating corporate deals for national security concerns and holds power to force the company to divest ownership or change major parts of the firm. The rulemaking if finalized would expand the committee's subpoena authority, allow the committee to request more information from parties to a proposed sale and expand circumstances when fines can be imposed and their size
Over the past two years, prominent global VC firms have also divested from some of their investments
Foreign investors have pumped roughly Rs 78,000 crore ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase & Co.'s landmark announcement in September
Foreign investors who didn't increase relative positioning in India over last 2-2.5 years waiting for this clearing event, will start focusing back on growth-driven policies or reforms
Foreign inflows too witnessed a rebound in 2023 registering a 20 per cent year-on-year rise at $3.6 Billion.
The Reserve Bank of India (RBI) purchased dollars at levels between 82.65 and 82.68 amid persistent foreign inflows, the traders said
A gauge of small- and mid-cap stocks has returned 60 per cent in the past year, compared with a 23 per cent advance in India's main S&P BSE Sensex Index
Overall, the investment through the route saw an upward trend in the last one year with the investment rising from Rs 91,469 crore in January 2023 to Rs 1,49,447 crore in December 2023
Trends in the global markets, trading activity of foreign investors and announcement of domestic macroeconomic data are the major factors that would drive investors' sentiment in a holiday-shortened week ahead, analysts said. Benchmark indices had a record-breaking rally in the past week driven by impressive GDP data. Equity markets would remain closed on Friday for Mahashivratri. "Key upcoming events, such as the release of the US services PMI on March 5, 2024, testimony by the US Fed Chair Powell, along with the US unemployment rate on March 8 will be closely watched for their potential impact on market sentiment. "Crude oil is also inching higher, and any negative surprise from there can disturb the mood of the market. However, the market is ignoring any bad news and continuing its bullish momentum," said Santosh Meena, Head of Research, Swastika Investmart Ltd. From the domestic macroeconomic front, PMI (Purchasing Managers' Index) data for the services sector is scheduled to
Calls are growing for investors to consider picking up undervalued Chinese stocks, with market veterans such as Mark Mobius growing more optimistic due to valuations and improving return ratios
India led the way with a robust influx of $2.39 billion into its bonds, the highest since August 2017, fueled by anticipation of its inclusion in JP Morgan's emerging market debt index this year
For bulls who powered the massive rally, the tactical trade at the moment is to move into the bonds, whose appeal has been further burnished by the nation's improving finances
State-owned NTPC Ltd is looking to raise up to USD 750 million (about Rs 6,222 crore) in debt from foreign investors. According to the request for proposal by the company, the proposed facility is being raised under automatic route as permitted under External Commercial Borrowing (ECB) guidelines of the RBI. "NTPC is looking to raise External Commercial Borrowing (ECB) in the form of unsecured term loan...equivalent to USD 500 million plus green shoe option of EUR equivalent to USD 250 million," it said. NTPC said the bids from banks/financial institutions should be a comprehensive, unconditional, firm and fully underwritten offer for the full amount of the proposed facility. Last date to submit the bid is February 21. NTPC, under the Ministry of Power, is the country's largest power producer.
Indian stocks have benefited from global funds' waning appetite for China
The FRC has also just been given anew remit to consider Britain's global competitiveness when writing new rules
Foreign investors have adopted a cautious approach this month, offloading domestic equities worth Rs 13,000 crore in the first three weeks owing to high valuations of Indian stocks and surging US bond yields. In contrast, foreign investors are bullish on the debt market and injected Rs 15,647 crore in the debt market during the period under review, data with the depositories showed. According to the data, foreign portfolio investors (FPIs) made a net investment of Rs 13,047 crore in Indian equities this month (till January 19). They pulled out over Rs 24,000 crore from equities during January 17-19. Before this, FPIs made a net investment of Rs 66,134 crore in December and Rs 9,000 crore in November. "There are two main reasons why FPIs turned sellers. One, the US bond yield started rising with the 10-year yield rising from the recent level of 3.9 per cent to 4.15 per cent triggering capital outflows from emerging markets," V K Vijayakumar, Chief Investment Strategist at Geojit ...