Global funds are returning to Indian stocks, signaling that this month’s rally in Asia’s best-performing equity market likely has more legs. Having largely been sellers in the months since Indian benchmarks scaled records in September, foreigners are coming back amid growing optimism that a domestically-driven economy will make the South Asian nation withstand the global … Read more
Mumbai: For the greater part of 2022, news items pertaining to the central bank’s depletion in forex stockpile consumed a lot of column inches and airtime, with pundits giving endless explainers for the trend that appeared to neatly dovetail with the retreat of overseas funds. But similar media attention hasn’t seemingly been paid yet to … Read more
New Delhi: Anil Agarwal’s Vedanta Group and two overseas funds are said to be among suitors for state-owned Bharat Petroleum Corporation (BPCL), which the government is seeking to privatise. Government sources told TOI that Vedanta is among the “multiple suitors” for the oil marketing company. The names of the two funds were not immediately known. … Read more