Foreign portfolio investors (FPIs) invested $1 billion (Rs 9,676 crore) in IPOs in September even as they sold $4.8 billion (Rs 45,537 crore) worth of listed equities, the highest monthly outflow since April 2026, when they withdrew $6.7 billion (Rs 63,167 crore). So, amid rising crude oil prices and US bond yields, why are investors exiting stocks but retaining interest in IPOs? Let’s understand:from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fKU3z4Q
The dispute arose after the income tax department received information about an investment of Rs 11.25 lakh made by a man with a wealth management firm. The assessing officer accepted that Rs 1.25 lakh had been paid by cheque, but the source of the remaining Rs 10 lakh, was questioned. Before considering the tax dispute, the tribunal had to address the delay in filing the appeals
Brent crude prices surged to over $105 per barrel, affecting the Indian stock market negatively. The Sensex dropped 1,045 points, significantly impacting investor wealth by Rs 10 lakh crore. Foreign portfolio investors sold stocks worth approximately Rs 13,000 crore, marking a high level of outflows. The ongoing market decline has led to a nine-week losing streak, which could become the longest on record.
Elon Musk has raised concerns about regulatory obstacles facing Starlink's introduction in India. He claimed influential figures might be hindering the process and questioned if Ambani controls the situation. In response, India's government reaffirmed its fair and non-discriminatory approach, rejecting Musk's allegations. Other companies like Reliance Jio and Eutelsat OneWeb are also vying for approval to offer satellite services.
The GST Council has proposed major procedural changes to enhance business operations and tax compliance. These reforms aim to streamline registration, refunds, and input tax credit processes while lowering compliance costs. Additionally, the council will remove officers' powers for arrests under the GST framework. Processing of refunds will be expedited, with a goal to resolve claims within three days.