Domestic institutional investors (DIIs), mostly mutual funds and insurance companies, overtook foreign portfolio investors (FPIs) in ownership of NSE-listed companies in the March quarter of 2025. Illustration: Uttam Ghosh/Rediff According to Prime Database, DIIs held a 17.62 per cent stake,
French drug major Sanofi Consumer Healthcare India Ltd on Friday (May 2) reported a 20.3% year-on-year (YoY) decline in net profit at ₹50 crore for the first quarter that ended March 31, 2025. In the corresponding quarter of the previous
Chartered accountants’ apex body ICAI will be preparing a research paper to help markets watchdog Sebi in dealing with financial frauds. Illustration: Dominic Xavier/Rediff ICAI president Charanjot Singh Nanda on Saturday said the institute will set up a working group
Warren Buffett-run, Omaha-based investment giant, Berkshire Hathaway’s cash pile hit a record high of $347.7 billion as of the end of the January to March quarter of the calendar year 2025 amid the ongoing tariff uncertainties over international trade, reported
They are not just underreporting income; they are reshaping what the income tax system perceives. There have long been heated debates about the progressive nature of personal income tax (PIT) and the regressive traits of India’s indirect tax system,
The high value Rs 2000 notes worth Rs 6,266 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data. Photograph: PTI Photo from the Rediff Archives The Rs 2000 banknotes continue
India’s forex reserves increased $1.98 billion to $688.13 billion during the week ended April 25, the RBI said on Friday. Illustration: Dado Ruvic/Reuters This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion
Q4 Results Live: Godrej Properties has become the first company to report Q4 results on Friday. The company has guided for FY26 bookings to be worth ₹32,500 crore, with 10 million square feet worth of deliveries in the pipeline. Earnings
Wall Street stock indices opened higher on Friday on stronger-than-expected jobs data. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 414.53 points, or 1.02%, to 41,167.49, the S&P 500 gained 54.59 points, or 0.97%, to 5,658.73 and the
BSE benchmark index Sensex ended 260 points higher on Friday amid optimism surrounding a potential India-US trade deal, record high GST collection in April, and continuous foreign fund inflows. Photograph: Savita Kirloskar/Reuters Moreover, a firm trend in global markets also
