financial year – The News Desk

NEW DELHI: The market capitalisation of listed companies on the NSEhas surpassed the USD 4 trillion (Rs 334.72 trillion) mark for the first time ever, with the benchmark Nifty hitting its all-time high of 20,291.55 last Friday. The benchmark Nifty climbed 134.75 points or 0.67 per cent to settle at an all-time high of 20,267.90 on Friday. During the day, the benchmark reached its intra-day record high of 20,291.55. The Nifty-500 index also touched an all-time high of 18,141.65 on the same day, indicating that the equity market rally is not restricted to only the large-cap stocks. "The achievement of this milestone is a testament of the vision outlined for the Amrit Kaal which includes a technology-driven and knowledge-based economy with strong public finances, and a robust financial sect...

Reflecting slack in global economic growth, India’s outward foreign direct investment (FDI) commitments fell by 12.14 per cent sequentially to $1.88 billion in October, compared to over $2.14 billion in September. They also saw over $2.66 billion in October 2022, according to Reserve Bank of India (RBI) data. Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees. A slowdown in economic and business activities, especially in developed markets, has impacted direct investment flows, both inbound and outbound. Most investments (outward FDI) are in subsidiaries or stakes in foreign companies. A slowdown in the developed markets means fewer opportunities, according to bankers. Just like the weak outbound FDI numb...

Tag: financial year

In a first, NSE listed companies’ market capitalisation surpass USD 4 trillion mark

India’s outward FDI falls 12.14% to $1.88 bn in October: RBI data