FDI equity flows increased by 48% to $16.1 billion in the April–June period.

As per the Department for Promotion of Industry and Internal Trade, the services, computer software, and non-conventional energy sectors accounted for the majority of the 48% year-over-year increase in Foreign Direct Investment (FDI) equity flows into India during the April-June quarter, which amounts to $16.1 billion. Trading, medicine, chemicals, cars, and telecom are among the…

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Due to decreased demand, India’s manufacturing PMI falls to a 3-month low in August of 57.5.

Data from S&P Global on Monday indicated that although India’s manufacturing activity decreased to 57.5 in August from 58.1 in July, it was still higher than its long-term average of 54.0, indicating a significant improvement in operating conditions. August saw weaker gains in new business and output from Indian manufacturers, albeit their rates of expansion…

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August DII inflows reach a three-month high while FPIs decline

Due to increasing valuations and increased volatility worldwide, foreign portfolio investors’ (FPIs’) inflows into equities suffered a noticeable slowdown in August, while domestic institutional investors’ (DIIs’) inflows reached their highest level in three months. In contrast to their July and June equity investments of Rs 23,486 crore and Rs 35,845 crore, respectively, DIIs made around…

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BHEL receives orders from Adani Power and its subsidiary valued at Rs 11,000 crore.

On Monday, Bharat Heavy Electricals Limited (BHEL) revealed that it had received orders totaling more than Rs 11,000 crore from Adani Power and Mahan Energen, a subsidiary of Adani Power, for the provision of equipment (such as boilers, turbines, and generators) and supervision of the erection and commissioning of three power projects located in Mahan,…

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Bharat Electronics, Trent will take the place of Divis Labs, LTIMindtree in the Nifty 50 from September 30.

In the benchmark Nifty 50, Trent and Bharat Electronics will take the places of Divis Laboratories and LTIMindtree. The Nifty 50 Equal Weight index will likewise be affected by the replacement in Nifty 50. As part of the semi-annual assessment of broad market indices, the Index Maintenance Sub-Committee (Equity) of NSE Indices has agreed to…

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