Finance

Indian Equity Market Faces $556 Billion Rout Amid Concerns

By BPN News Desk January 14, 2025

The Indian equity market is witnessing a significant downturn, with losses mounting to $556 billion amidst growing concerns over inflation and economic growth. This steep decline in market capitalization has raised alarm bells among investors, as key indices continue to struggle under global and domestic pressures. Economic Growth and Inflation Concerns The rout in the

Finance

Retail Inflation Drops to Four-Month Low at 5.22%

By BPN News Desk January 13, 2025

India’s retail inflation eased to 5.22% in December, hitting a four-month low and remaining within the Reserve Bank of India’s (RBI) comfort zone of 2-6%. This decline is attributed to falling food prices and improved supply chains, offering relief to policymakers and consumers alike. Food Prices Drive Inflation Decline The primary factor behind the dip […]

Finance

Mutual Funds Boost Cash Allocation by ₹7,000 Crore

By BPN News Desk January 13, 2025

Mutual funds in India increased their cash allocation significantly by ₹7,000 crore in December, taking the total allocation to a record ₹1.87 lakh crore. This rise reflects fund managers’ cautious approach amidst market volatility and concerns over global economic uncertainties. Fund Managers Shift Strategy The sharp increase in cash reserves is attributed to fund

Finance

RBI May Limit Forex Interventions to Keep Rupee Competitive

By BPN News Desk January 13, 2025

RBI may reduce forex interventions to allow rupee depreciation, boosting export competitiveness.

Finance

Sukesh Chandrasekhar Seeks to Declare $2.7B Overseas Income

By BPN News Desk January 13, 2025

In a surprising development, jailed conman Sukesh Chandrasekhar has written to Finance Minister Nirmala Sitharaman, seeking permission to declare an overseas income of $2.7 billion. Chandrasekhar, who is currently in prison for multiple fraud cases, expressed his willingness to pay taxes on the declared amount, aiming to comply with Indian tax regulations. Chandrasekhar’s

Finance

India’s Direct Tax Collections Surpass Estimates by ₹73k-83k Crore

By Editor - News Desk January 13, 2025

India's direct tax collections for FY2024-25 exceed budget estimates by ₹73,000-83,000 crore, though tax buoyancy shows a decline.

Finance

FPIs Withdraw ₹22,194 Crore in January Amid Market Uncertainty

By BPN News Desk January 12, 2025

Foreign portfolio investors (FPIs) have pulled out ₹22,194 crore from Indian equities in January 2025, marking a significant outflow attributed to a weak corporate earnings outlook and the strengthening of the US dollar. The large-scale withdrawal reflects investor caution amid global and domestic uncertainties impacting the equity markets. Weak Earnings and Global

Finance

India’s Forex Reserves Decline by $5.69 Billion to $634.58 Billion

By BPN News Desk January 12, 2025

India's forex reserves fall by $5.69 billion, reaching $634.58 billion.

Finance

Mutual Fund SIP Inflows Cross ₹26,000 Crore for First Time

By BPN News Desk January 11, 2025

For the first time in India’s financial history, monthly inflows into mutual fund Systematic Investment Plans (SIPs) have surpassed the ₹26,000 crore mark. This milestone reflects growing investor confidence in equity markets and the increasing popularity of SIPs as a disciplined investment tool. Record-Breaking SIP Inflows In December 2024, mutual fund SIP inflows reached

Finance

Rupee May Breach 90 Against Dollar Amid RBI Policy Shift

By BPN News Desk January 11, 2025

The Indian rupee is poised for further depreciation, potentially breaching the 90-per-dollar mark, as the Reserve Bank of India (RBI) appears to ease its long-standing intervention strategy in the forex market. The shift comes amid evolving global economic conditions and rising concerns over India’s trade deficit and inflation. RBI’s Changing Forex Strategy