Business

Foreign Investors Maintain Exit, Withdrawing Nearly Rs 7,300 Crore in February

Published

1 year ago

February 10, 2025

Foreign Portfolio Investors (FPIs) are continuing to withdraw from the Indian Stock Market, having taken out over ₹7,300 crore (approximately $840 million) in the first week of February.

Data indicates that FPIs have sold shares worth ₹7,342 crore from Indian equities as of February 7.

This trend is emerging amid global trade tensions, particularly with the US implementing tariffs against countries like Canada, Mexico, and China.

In January alone, FPIs recorded an outflow of ₹78,027 crore. In contrast, they invested ₹15,446 crore in December, according to depository data.

Despite the sell-off in the equity market, FPIs were active in the debt market, investing ₹1,215 crore in the debt general limit and ₹277 crore in the debt voluntary retention route.

This overall trend reflects a cautious stance by foreign investors, who reduced their investments in Indian equities significantly in 2024, resulting in net inflows of only ₹427 crore.

In 2023, there was a net inflow of ₹1.71 trillion, fueled by positive sentiment surrounding India’s robust economic fundamentals.

Conversely, 2022 saw a net outflow of ₹1.21 lakh crore due to aggressive rate hikes by global central banks.

The depreciating Indian Rupee has also contributed to the FPIs’ divestment, as it fell sharply, crossing the ₹87 per US dollar mark for the first time.

A weaker rupee diminishes returns for foreign investors, making Indian assets comparatively less appealing.

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Business

Opendoor Shuts Down India Operations, 250 Employees Affected

Published

1 day ago

June 11, 2026

Namma Kudla

Business: US-based real estate technology company Opendoor has decided to close its operations in India. The move will impact nearly 250 employees.

CEO Kaz Nejatian said the company is bringing operational roles closer to its customers in the United States. He explained that most of Opendoor’s customers are based in America.

The company said the decision is not related to the performance of its India team. Nejatian praised the employees for their hard work and contributions.

Affected workers will receive severance pay, job placement support, and other assistance. A small number of employees will stay temporarily to help with the transition.

Opendoor said it will continue focusing on simplifying operations and improving efficiency with new technology and AI.

Business

Domestic LPG Cylinder Price Increased by Rs 29

Published

5 days ago

June 7, 2026

Namma Kudla

New Delhi: The price of domestic LPG cooking gas cylinders has been increased by Rs 29 across India. This is the second price hike in the last three months.

The increase comes as global energy prices continue to rise due to the ongoing conflict in the Middle East.

After the revision, a domestic LPG cylinder now costs Rs 942 in Delhi, Rs 941.40 in Mumbai, Rs 968 in Kolkata, and Rs 957.50 in Chennai. In Bengaluru, the new price is Rs 944.50 per cylinder.

The government said the cost of supplying LPG has increased significantly. However, subsidies under the Pradhan Mantri Ujjwala Yojana continue to help over 10 crore beneficiaries.

Petrol, diesel, and CNG prices have also increased in recent weeks as global fuel markets remain volatile.

Business

Honda Begins Delivery of 2026 City Hybrid

Published

1 week ago

June 3, 2026

Namma Kudla

Business: Honda Cars India has started delivering the new 2026 Honda City Hybrid to customers. The first car was handed over at a dealership in Bengaluru.

Honda President and CEO Takashi Nakajima attended the special delivery event. Other senior company officials were also present.

The first customer received a Crystal Black Pearl Honda City Hybrid. The car was delivered with a symbolic key and a gift hamper.

WATCH VIDEO:

The updated City comes with new features such as ventilated front seats and a 360-degree camera. It also offers wireless Apple CarPlay, Android Auto, and a sunroof.

The sedan is available with petrol and strong-hybrid powertrain options. Honda claims the hybrid version delivers a mileage of 27.26 kmpl.

The Honda City competes with the Volkswagen Virtus, Skoda Slavia, and Hyundai Verna in India.