FPIs Sold $10 Bn Stocks In 2025 So Far

‘Expect FPIs to continue selling for several months until the rupee stabilises.’   Foreign portfolio investors (FPIs) have sold over $10 billion (more than Rs 97,000 crore/Rs 970 billion) worth of Indian equities in the first six weeks of 2025

The dark side of duty cut on smartphone parts

Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India’s developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. Photograph: