FPI profile: Foreign investors stay on selling spree, pull out record Rs 1.14 lakh cr in March amid Middle East tensions

Indian equity markets in March saw foreign investors pulling out Rs 1.14 lakh crore, making it the highest monthly outflow on record. The sharp withdrawal has been largely attributed to rising tensions in the Middle East, pressure on rupee, and growing concerns over how elevated crude oil prices could weigh on the country’s growth.With just…

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After Nepal ex-PM Oli, former minister Deepak Khadka arrested in Gen Z protests

Deepak Khadka (File photo/Facebook) Nepal’s Central Investigation Bureau (CIB) on Sunday arrested former energy minister Deepak Khadka in connection with a case linked to last September’s Gen Z protests, an agency official said.Khadka was “arrested in a case relating to money laundering,” CIB spokesman Shiva Kumar Shrestha told AFP.The Department of Money Laundering Investigation will…

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Strait of Hormuz chokehold: What is happening to petrol prices in India and neighbouring nations amid oil supply crunch?

A month into the Middle East conflict, global crude markets remain under strain, with prices rising nearly 50% since the United States and Israel launched strikes on Iran on February 28, triggering a strong response from Tehran. Oil prices had earlier surged to as high as $119 per barrel amid heightened tensions involving Iran, before…

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