Slumping business activity to outflows of funds, it's a Déjà Vu of March 2020 for business news headlines. Foreign investors have sold over $1.1

Foreign investors pull out $1 billion from equities as India sees record covid cases

Slumping business activity to outflows of funds, it's a D&eacute;j&agrave; Vu of March 2020 for business news headlines.&nbsp;Foreign investors&nbsp;have sold over $1.1 billion worth of equities in April, the biggest outflow since March last year when the nation went into lockdown.&nbsp; Meanwhile brokerage house Nomura&nbsp;highlighted that business activity suffered its steepest weekly fall in over a year and also warned that with more states extending restrictions, sequential momentum is likely to remain weak over the next month.&nbsp;

Slumping business activity to outflows of funds, it's a Déjà Vu of March 2020 for business news headlines. Foreign investors have sold over $1.1 billion worth of equities in April, the biggest outflow since March last year when the nation went into lockdown. Meanwhile brokerage house Nomura highlighted that business activity suffered its steepest weekly fall in over a year and also warned that with more states extending restrictions, sequential momentum is likely to remain weak over the next month.

Dogecoin continues its journey 'to the moon' as the cryptocurrency surged over 12,000% since the beginning of 2021. The meme-coin touched an all-time h

Dogecoin&nbsp;continues its journey 'to the moon' as the cryptocurrency&nbsp;surged over 12,000% since the beginning of 2021.&nbsp;
The meme-coin touched an all-time high of $0.72 in the late trading session on Wednesday as per the cryptocurrency&nbsp;exchange WazirX.
As per&nbsp;CNBC&nbsp;calculation,&nbsp;a $1,000 Dogecoin purchase on January 1, 2021, would be worth over $120,000 on Wednesday. In domestic currency terms, an investment of ₹1 lakh&nbsp;in January would be around ₹1.2 crore&nbsp;now.

foreign portfolio investors now hold a record 24.9% in Mukesh Ambani backed Reliance Industries as of March 2021. This is much higher than the average 20% tha

Foreign portfolio investors now hold a record 24.9% in Mukesh&nbsp;Ambani&nbsp;backed Reliance Industries as of March 2021. This is much higher than the average 20% that FPIs have held in the conglomerate over the last decade.&nbsp; The Euro pacific funds and Government of Singapore were among the top&nbsp;FPI&nbsp;investors in RIL with stakes of 2.7% and 1.2% respectively.
Domestic mutual funds however has reduced their exposure in RIL to nearly a 3 year low of 4.3% in March from a peak of 5.3% in June 2020. This could be attributed to the underperformance&nbsp;by the heavyweight.&nbsp;RIL&rsquo;s stock has underperformed the Nifty 50 by 36% in the past six months.

Profit booking kicked in on Dalal Street as bulls retreated into the weekend on a backfoot. Sensex shed 984 points to end the day at 48,782 and the 50 st

Profit booking kicked in on Dalal&nbsp;Street as bulls retreated into the weekend on a backfoot. Sensex&nbsp;shed&nbsp;984 points to end the day at 48,782 and the 50 stock benchmark Nifty shut shop at day's low at&nbsp;14,631 in Friday's trade.&nbsp;&nbsp;Profit booking weighed on&nbsp;markets&nbsp;following four straight sessions of gains despite the raging covid&nbsp;crisis in the nation.&nbsp; Buying in pharma stocks was the only spot of green on the screen, with Bank Nifty leading the losses in the sectoral indices&nbsp;with HDFC&nbsp;twins sinking 4%, followed by ICICI and Kotak&nbsp;Mahindra&nbsp;Bank.&nbsp;
On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2% higher each.&nbsp;
&nbsp;

Taking note of rapidly changing business environment and difficulties faced by companies amid the covid crisis market regulator has extended the timelines for vari

Taking note of rapidly changing business environment and difficulties faced by companies amid the covid&nbsp;crisis market regulator has extended the timelines for various regulatory filings, including financial earnings.&nbsp; SEBI&nbsp;has extended the deadline for March quarter and annual results to June 30 vs May 15 &amp; 30 set earlier.&nbsp; SEBI&nbsp;had provided the same extension in 2020 as well in the wake of the first covid&nbsp;outbreak.&nbsp;

Wage hikes, one time bonus coupled with muted revenue led to a 25.6% drop in profits for Shiv Nadar founded HCL Technologies. Consolidated profit at Rs&n

Wage hikes, one time bonus coupled with muted revenue led to a 25.6% drop in profits for Shiv Nadar&nbsp;founded HCL&nbsp;Technologies.&nbsp; Consolidated profit at Rs&nbsp;2,962 cr&nbsp;for the quarter ended March 2021 missed analysts estimates and so did dollar revenue that grew merely 3% in the Jan-March quarter.&nbsp; HCL&nbsp;Tech however remains optimistic about the outlook having won 19 large deals in the quarter gone by that should translate to better growth in FY'22.

Cryptocurrency Bitcoin collapsed nearly 8% to fall below the $50,000 mark as fears of a spike in capital gains tax spooked Bitcoin holders. US Presi

Cryptocurrency&nbsp;Bitcoin&nbsp;collapsed nearly 8% to fall below the $50,000 mark as fears of a spike in capital gains tax spooked Bitcoin&nbsp;holders.&nbsp; US President is likely to propose doubling capital gains tax to nearly 40% from the current rate of 20% reported Bloomberg.&nbsp;US investors in Bitcoin, which has advanced more than 70% this year already face a capital gains tax if they sell the cryptocurrency after holding it for more than a year.
The cryptocurrency&nbsp;is down over 20% this week marking it's biggest weekly fall since March 2020.&nbsp;

US Markets sank 300 points on reports that US President Biden is planning to hike capital gains tax to as high as 43% from the current 20%.The proposal as per

US Markets sank 300 points&nbsp;on reports that US President Biden&nbsp;is planning to hike capital gains tax to as high as 43% from the current 20%. The proposal as per Bloomberg&nbsp;reports would hike the capital gains rate to 39.6% for&nbsp;those earning $1 million or more, up from 20% currently.&nbsp;Reports said the US president is expected to release the proposal formally next week as a way to fund spending in the upcoming American Families Plan. The 30 stock Dow Jones 1%, The S&amp;P 500 erased earlier gains and closed 0.9% lower, while the tech index&nbsp;Nasdaq Composite slid 0.9%.

Rakesh Jhunjhunwala remains bullish despite the pandemic odds as he sees a double digit growth and he doe not see the markets going through a free fall in this pan

Rakesh Jhunjhunwala&nbsp;remains bullish despite the pandemic odds as he sees a double digit growth and he doe not see the markets going through a free fall in this pandemic wave
The ace investor told the audience at an AIMA&nbsp;event that the metals sector will be a key beneficiary. He said the demand for metals will be huge and that investors have largely ignored the sector in the past 10 years.
Jhunjhunwala&nbsp;is also predicting that the most battered stocks in the mid- and small-cap universe will give the best returns.

Wall Street had a terrific Thursday with Dow closing above the 34,000 mark and S&P 500 soaring to a record high as falling yields boosted bets on tech stocks.

Wall Street had a terrific Thursday with Dow closing above the 34,000 mark and S&amp;P 500 soaring to a record high as falling yields boosted bets on tech stocks.&nbsp;
Tech backed Nasdaq Composite closed&nbsp;above 14,000 for the first time since Feb. 16 as&nbsp;benchmark 10-year Treasury yield slipped below 1.6% for the first time since March 25.
Economic data continues to be supportive with&nbsp;U.S. jobless claims dropping to the lowest level since March 2020 and retail sales jumping 9.8%&nbsp;in March beating estimates.&nbsp;
The S&amp;P 500 has gained 1% this week, on pace for its fourth straight positive week.&nbsp;

TCS and Infosys will kickstart earnings for Dalal street this week, with both stocks perched at 52 week highs, this is what you can expect from the boardroom-: Broke

TCS and Infosys will kickstart earnings for Dalal street this week, with both stocks perched at 52 week highs, this is what you can expect from the boardroom-:
<ul>
<li>Brokerages expect&nbsp;to see revenue growth between 1.4-3.6% (QoQ) in Q4 driven by strong demand environment.</li>
<li>Large wage hikes across the board by companies in March will keep margins flat</li>
<li>TCS will likely to lead growth with steady margins, Infosys and HCL Tech are likely to see sharp margin contraction</li>
<li>Demand outlook looks firm as&nbsp;deal activity stays close to all-time high for a second straight quarter</li>
<li>ISG index that tracks global tech deals &nbsp;now expects 5% YoY growth in average revenue per contract&nbsp;in 2021 vs 3% earlier and also indicated 4-7 mega deals, that are still in works.</li>
</ul>
Alert: TCS reports Earnings on April 12, Infosys April 14

After 8 months of outflows the curse on equity mutual funds seemed to have been lifted. Equity-oriented schemes in March have reported net inflows of Rs 9,115 cr.

After 8 months of outflows the curse on equity mutual funds seemed to have been lifted.&nbsp;Equity-oriented schemes in March have reported net inflows of Rs 9,115 cr.
As per AMFI&nbsp;data&nbsp;Gross redemptions in March came in much lower at Rs 18,908 crore for equity schemes vs Rs 30,000 cr in previous months. Investment in SIP also saw a big boost of inflow of Rs 9,100 cr.&nbsp; Debt-oriented schemes however saw net outflows of over Rs 52,000 cr.
&nbsp;

From jobs data to service sector growth all the economic indicators pointed to a solid recovery leading Wall Street to a record high closing. The 30 stock Dow Jo

From jobs data to service sector growth all the economic indicators pointed to a solid recovery leading Wall Street to a record high closing.&nbsp;
The 30 stock Dow Jones Industrial Average rose over 370 points to a record closing high. The S&amp;P 500 gained 1.4% also hitting a new record close. The tech-heavy Nasdaq Composite also climbed 1.7% &nbsp;.
Non-farm payrolls rose to the highest level since August 2020,&nbsp;unemployment&nbsp;level fell to 6% and&nbsp;services industry activity&nbsp;soared&nbsp;to a record high.&nbsp;

In a big push for cryptocurrencies, Coinbase the largest US exchange for the digital tokens is set for a direct listing on April 14 after getting a nod for US

In a big push for cryptocurrencies,&nbsp;Coinbase&nbsp;the largest US exchange for the digital tokens is set for a direct listing on April 14 after getting a nod for US market regulator SEC. Coinbase will be the Nasdaq&rsquo;s first major direct listing, in a direct listing, the issuing company forgoes selling new stock and instead allows existing stakeholders to sell their shares to new investors. As the largest exchange for cryptocurrency&nbsp;Coinbase&nbsp;has 43 million users trading digital assets in more than 100 countries.As per reports&nbsp;Coinbase&nbsp;is worth $68 billion

Bulls kickstarted April with a record close on Wall Street as S&P500 shut shop above the 4000 mark for the very first time. The 500 stock gauge is n

Bulls kickstarted&nbsp;April with a record close on Wall Street as S&amp;P500 shut shop above the 4000 mark for the very first time.&nbsp;&nbsp;The 500 stock gauge is now up 7% in 2021, and has gained 80% from its low in March 2020.&nbsp; The tech-heavy Nasdaq Composite jumped 1.8%&nbsp; as Google parent Alphabet rallied 3%,to a record close while Amazon and Microsoft gained over 2% as bond yields eased from a 14 month high. On the data front, an index of U.S. manufacturing activity jumped to&nbsp;a reading of 64.7, marking the highest level since December 1983. U.S. stock markets will close on Good Friday for the holiday. For the shortened week, the S&amp;P 500 rose 1.1%, the Dow gained 0.25% and the Nasdaq added 2.6%.
&nbsp;

Macrotech Developers or more popularly known as Lodha Developers are ready to test the waters with an IPO, hoping that third time is a charm. The Mumbai based rea

Macrotech Developers or more popularly known as Lodha Developers are ready to test the waters with an IPO, hoping that third time is a charm.&nbsp; The Mumbai based real estate developer is likely to launch it&rsquo;s IPO on April 7 as per reports . Looking to raise Rs 2500 cr as its DRHP gets a nod from the market regulator SEBI and is likely to aim at raising Rs 500 cr in pre-IPO placements.
At Rs 2500 cr the company has cut down it&rsquo;s IPO expectation to nearly half vs its 2018 plan of Rs 5500 cr. In 2009 the company abandoned its primary market plans due to the financial crisis.
The company reported a total income of Rs 3,160.49 crore for the period ended December compared with Rs9,357.35 crore a year ago. Net loss stood at Rs 264.30 crore compared to a profit of Rs 503.08 crore.

Global banks such as Nomura and Credit Suisse as fearing large losses after US hedge fund Archegos Capital, defaulted on margin calls. Experts are pegging thi

Global banks such as Nomura and Credit Suisse as fearing large losses after&nbsp;US hedge fund&nbsp;Archegos Capital, defaulted on margin calls. Experts are pegging this value at over $6 billion. It started to unravel of Friday as Goldman Sachs sold $10 billion worth of shares in block trades after losses at the hedge fund&nbsp;triggered a fire sale of stocks.
Archegos was unable to meet banks' calls for more collateral to secure equity swap trades they had partly financed. After those positions fell sharply in value, lenders sold big blocks of securities to recoup what they were owed, the sources said.

Rs 1.75 lakh crore is an achievable divestment target for the coming fiscal, that's the word coming in from govt that is banking on the mega LIC IPO in F

Rs 1.75 lakh crore&nbsp;is an achievable divestment target for the coming fiscal, that's the word coming in from govt that is banking on the mega LIC&nbsp;IPO&nbsp;in FY'22.
India's Chief Economic Adviser speaking at a virtual confrence&nbsp;said, "There are estimates suggesting Rs 75,000-80,000 crore or even higher can just come from the privatisation of BPCL itself. LIC IPO could bring in Rs 1 trillion approximate"
The LIC&nbsp;IPO&nbsp;are on track with the govt passing amendments in the LIC Act&nbsp; through the Finance Bill 2021 in Parliament.
&nbsp;

Dining chain Barbeque Nation gets serve it's IPO to customers on Wednesday. Here is what you need to know: Issue Dates: March 24-26 Issue Pric

Dining chain&nbsp;Barbeque Nation gets serve it's&nbsp;IPO to customers&nbsp;on Wednesday.&nbsp;
Here is what you need to know:
<ul>
<li>Issue Dates: March 24-26</li>
<li>Issue Price:&nbsp;₹498-500 per share</li>
<li>Lot Size:&nbsp;30 shares</li>
</ul>
Rakesh Jhunjhunwala's investment firm Alchemy Capital is an existing investor in this company.Barbeque Nation has already raised Rs 150 crore through a pre-IPO placement from Xponentia Capital and&nbsp;Jubilant Foodworks.&nbsp;

Why did NSE not move to the disaster recovery site on the fateful day of the glitch, is still the question many want answered. The market regulator SEBI to remove

Why did NSE not move to the disaster recovery site on the fateful day of the glitch, &nbsp;is still the question many want answered. The market regulator SEBI to remove&nbsp;ambiguity has come out with strict norms for an action plan for exchanges if any such incident occurs again.&nbsp;
The stock exchange will now be required to announce a 'disaster' within 30 minutes of disruption of critical systems, according to the Securities and Exchange Board of India. After declaring such a &lsquo;disaster&rsquo; the exchange will have to take measures to restore operations, including from the recovery site, within 45 minutes.
A month after the market halt SEBI has made it clear that market infrastructure institutions will ensure there is no data loss for more than 15 minutes, while they should work to avoid any loss.

Slumping business activity to outflows of funds, it's a D&eacute;j&agrave; Vu of March 2020 for business news headlines.

Foreign investors pull out $1 billion from equities as India sees record covid cases

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'Dogecoin to the moon'; ₹1 lakh invested this year would be ₹1.2 crore

Foreign investors bet on Ambani backed Reliance; holdings rise to record high

Profit booking on Dalal Street, Markets end at day's low with Sensex slumping almost a 1000 points

Earnings calendar gets stretched, SEBI gives India Inc more time to report results

Foreign investors pull out $1 billion from equities as India sees record covid cases

HCL Tech Q4 misses the mark as profit falls 26% but strong deal pipeline keeps brokerages enthused

Bitcoin collapses on fears of capital gains tax doubling in US

Biden looking to raise capital gains tax to 40%, US markets sink

Rakesh Jhunjhunwala remains bullish, bets on metals and battered midcaps

US Markets rally, Dow closes above 34,000, S&P 500 hits record as yields slide

Tech to kickstart earnings on Dalal Street, what to expect?

Finally some inflow! Equity MF sees net inflow after 8 months

U.S. markets end at record high as economic data points to strong recovery

Largest exchange for cryptocurrencies, Coinbase gets nod from SEC for direct listing

Wall Street kickstarts April, record high close for S&P 500 tops 4000, tech stocks lead

Lodha Developer gears for third attempt at IPO, likely to open on April 7

Margin Mayhem: Global banks fear $6 billion hit as hedge fund faces losses

Govt bets on Rs 1 lakh crore from LIC IPO

Barbeque Nation opens for business; serves hot IPO on Dalal Street

SEBI to NSE: Fix problem & take responsibility, Stricter norms imposed

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