Top headlines: LIC ownership in listed cos sees uptick, hot stocks for FPIs

May 4, 2022 trendingspace 0 Comments today, top business stories of the day, Top headlines of the day, top news of the day

Value of LIC ownership in listed companies sees an uptick, shows data

Life Insurance Corporation’s (LIC) shareholding, in value terms, in the companies listed on the NSE went up to 3.83 per cent by the end of March 2022, from 3.67 per cent as on December 31, 2021, data from primeinfobase.com shows.

LIC holding in NSE firms was worth Rs 9.89 trillion on March 31, 2022 — 3.75 per cent more than the previous quarter. Considering only free float (non-promoter holding), LIC’s share by value went up to 7.76 per cent in the quarter ended March 2022, from 7.39 per cent on December 31. Read more

From HDFC Life to ITC, here’re 10 stocks that FPIs bought and sold the most

After accumulating Indian stocks for four consecutive quarters during FY21, foreign portfolio investors (FPIs) turned net sellers in the first quarter of FY22 and continue to withdraw capital from the Indian market.

The FPI holding in India’s top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India’s top listed companies in at least three years. Read more

The burning question: Why are electric two-wheelers in India catching fire?

Nearly a decade ago, the first fully electric vehicle (EV) caught fire on the road in the US. It was a model from Tesla, the world’s most admired EV maker. A metal fragment punctured the underbelly of the vehicle, penetrating its battery pack, leading to a fire. Indian lawmakers and automakers have had nine years to study the incident (in fact, three Tesla Model Ss caught fire in two months in 2013) but seem to have learnt little. Read more

Ahead in curbing Covid-19 pandemic, India must monitor now: Experts

India is one of the few countries that have contained the Omicron-led wave (third one in India) reasonably well. After cases started to subside around September 2021, India maintained a relatively stable rate of infection for almost ten weeks before it was hit by Omicron, a significant mutation in Sars-CoV-2 distinct from the Delta variant that led the second wave in this country. Read more

Centre to rate PSUs on capital mgmt, investor concalls among new parameters

The number of times public sector undertakings (PSUs) have held conference calls with investors, their capital management, and debt financing are among the parameters that the Centre will use to judge their performance for the first time, a senior official in the know said. Read more

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