FPIs return to India: Rs 20,200 crore injected into equities after four months of selling

Foreign portfolio investors (FPIs) made their comeback to Indian equities in July after staying away for four consecutive months, emerging as net buyers with investments worth Rs 20,200 crore. Attractive valuations, improving corporate earnings and a better global investment environment helped bring foreign investors back.According to data from the Central Depository Services (India) Ltd (CDSL),…

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Sebi sets Rs 20,000 crore threshold for ‘significant indices’; Sensex, Nifty among benchmarks covered

Markets regulator Sebi has introduced a new framework to classify stock market benchmarks as “significant indices” if mutual fund schemes tracking them have a daily average cumulative assets under management (AUM) of more than Rs 20,000 crore for each of the preceding six months, PTI reported.The move is aimed at strengthening transparency, governance and accountability…

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Gujarat: Shree Nanaji Deshmukh Awas Yojana explained: How construction workers can avail Rs 1.6 lakh housing aid |

Photo credit: Government of India Registered construction workers in Gujarat can avail financial assistance of Rs 1.6 lakh under the Shree Nanaji Deshmukh Awas Yojana for EWS and LIG houses allotted under the Pradhan Mantri Awas Yojana (PMAY) and the Chief Minister Awas Yojana (CMAY).Implemented by the Gujarat Building and Other Construction Workers’ Welfare Board…

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The 5 loudest animals on earth

Type “loudest animal on earth” into any search bar and you’ll get a dozen confidently different answers, some articles say 230 decibels, others say 236, a few throw around 200-plus for a shrimp barely two inches long. Much of that confusion comes down to how the number was measured and reported, not genuine disagreement in…

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Indian-origin former CEO sentenced to 5 years in prison over $212 million fraud in New Jersey, asked to pay $125 million

Super-rich NRI Paul Parmar sentenced to five years in prison over fraud in New Jersey. Parmjit Parmar, a 55-year-old Indian-origin man from New Jersey, has been sentenced to five years in jail, followed by three years’ supervised release and a payment of $125 million over his involvement in a large-scale conspiracy to defraud investors, in…

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Pakistan turns to army chief Asim Munir in battle against population growth

Pakistan army chief field marshal Asim Munir is now expected to play a role in steering the country’s population control efforts, adding another responsibility to his expanding portfolio, according to a report by Dawn.Already functioning as Pakistan’s de facto power centre, Munir has increasingly moved beyond his traditional role of commanding the armed forces to…

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