Business

PFI in Indian equity market

FPIs’ outflow nears Rs 33,000 crore in May on weaker rupee

New Delhi: Foreign investors continued to pare their exposure to Indian equities, withdrawing Rs 32,963 crore in May due to weak earnings growth, rupee depreciation and more attractive opportunities in other markets. With this, the total outflow by Foreign Portfolio Investors (FPIs) from the equity...

Windfall tax, oil

Govt cuts windfall tax on petrol, diesel, ATF exports

New Delhi: Government has halved windfall gains tax on export of petrol to Rs 1.5 litre, while reducing the levy on diesel to Rs 13.5/litre and aviation turbine fuel to Rs 9.5/litre effective June 1. The finance ministry in a notification said road and infrastructure...

Growth of MSMEs, large industries key to ‘Samruddha Odisha’: Swain

Bhubaneswar: Growth of MSMEs alongside large industries is key to achieving the vision of ‘Samruddha Odisha’ and ‘Viksit Bharat’ by 2036 and 2047, respectively, Industries Minister Sampad Chandra Swain said Friday. Addressing the ‘CII MSME Connect Series 2026: Expanding Business Horizon’ here as the chief...

 

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