Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ News / India/  Mint Evening Digest: India's forex reserve decline further, FPIs pull out over 1.81 lakh cr, HDFC Bank's AGM & more
BackBack

Mint Evening Digest: India's forex reserve decline further, FPIs pull out over ₹1.81 lakh cr, HDFC Bank's AGM & more

Mint Evening Digest: Read top business news, equity market precursors, and economic and banking news updates from India and across the world for 11 June 2022

Union Finance Minister Nirmala Sitharaman (ANI )Premium
Union Finance Minister Nirmala Sitharaman (ANI )

India's forex reserves decline to $601 billion

Data given by RBI showed that India's total forex reserves stood at $601.057 billion in the week ending June 3 down by $306 million compared to $601.363 billion in the previous week. (Read here)

FPIs pull out over 1.81 lakh cr from equities in 2022

The selling bias from foreign portfolio investors (FPI) continued to be stubborn as volatile markets amidst macroeconomic backdrops have dampened sentiments. FPIs have been pulling out their money since the very beginning of this year. (Read here)

HDFC Bank to hold 28th AGM on 16 July

The largest private sector bank, HDFC Bank is set to hold its 28th annual general meeting on July 16 through video conferencing. The shareholders are expected to consider dividend and statutory auditors' appointments. (Read here)

Crypto investors accidentally got lucky: Zerodha founder

Nithin Kamath, the founder and CEO of Bengaluru-based digital trading company Zerodha, feels that owing to TDS and taxation announced on cryptocurrency, crypo investors got lucky. (Read here)

Mint Morning Digest

Disinvestment plan aims to up efficiency and investments: FM

Finance minister Nirmala Sitharaman said that the government’s disinvestment strategy is aimed at boosting the production and efficiency of state-run companies and attracting investments into the companies instead of shutting them down. Read more

Companies, not individuals, to run bankrupt biz soon

Incorporated entities such as firms will soon be allowed to run bankrupt businesses in place of individual administrators hired by lenders, said a person familiar with the development. The proposal will be released for public comments by the Insolvency and Bankruptcy Board of India (IBBI) in a fortnight. Read more 

Warburg Pincus-backed insurer IndiaFirst Life charts IPO plan

After Life Insurance Corporation’s (LIC) IPO, another life insurer has drawn up plans to hit the public markets. IndiaFirst Life Insurance Co Ltd , an insurance company backed by state-owned lenders Bank of Baroda, Union Bank of India and private equity firm Warburg Pincus has initiated talks with investment banks for its proposed IPO. Read more 

Private investment in India set to rise now, says IIFL chief

Private investment is set to increase in India amid rising interest rates and global economic changes, said IIFL Group chairman Nirmal Jain, a day after UAE sovereign wealth investor Abu Dhabi Investment Authority (ADIA) acquired a 20% stake in its mortgage financing arm. Read more

Rajya Sabha Elections 2022: Full list of winners

The results were declared in Karnataka and Rajasthan on Friday night but got delayed in Maharashtra and Haryana amid intense wrangling by rival parties over alleged breach of voting rules. Read more 

New rules bar misleading ads aimed at children

The union government on Friday issued fresh guidelines to curb misleading advertisements, particularly those targeting children with a warning that a violation of the guidelines could attract a penalty of up to 50 lakh on manufacturers, advertisers and endorsers by the Central Consumer Protection Authority (CCPA). Read more

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 11 Jun 2022, 08:11 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App