As of Q1 2024, the average time to liquidate inventory stands at just 22 months, down from 32 months at the end of 2019, primarily driven by a surge in housing demand.
The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, standing at Rs 25,586 crore as the month ended.
Adani Group, whose market capitalisation was badly hit by a US-based short seller report in early 2023, has recovered from the losses and the Indian conglomerate is back on an "expansion spree".
The Life Insurance Corporation of India (LIC), the country's largest insurer, achieved a significant milestone with its Agent Assister Ananda App - a digital route to sell policies, selling over 1 million policies during FY24.
In early March this year, RBI directed IIFL Finance to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
Days after Tripura Leader of Opposition Jitendra Choudhary alleged that a poverty stricken mother had to sell her child highlighting administrative apathy, Tripura Minister Sushanta Choudhary who is also happens to be the cabinet spokesperson, dismissed the former's claims.
In a significant development in the alleged Tripura child-selling case, Chief Minister Dr Manik Saha on Monday sought a detailed report from the Dhalai District Magistrate into the matter.
However, in the past few sessions, they seemed to have slowed down on selling, expecting a strong performance in the indices. Both Nifty and Sensex also touched all-time highs this week, accumulating huge sums of money for investors.
The selling pressure in the Indian markets persists with the FPI (Foreign Portfolio Investment) selling during May standing at Rs 17,848 crore so far this month. Data from the National Securities Depository Limited (NSDL) shows that the net FPI investment is negative for May.
Hyderabad (Telangana) [India], May 24: Driven by focussed selling and pan India partnerships, Shriram Life Insurance Company reported impressive earnings for the year ending March 31, 2024, with total new business premium growing by 62% at Rs. 1,871 crore compared to Rs. 1,152 crore last fis