Foreign portfolio investors (FPI) flows have turned positive on a trailing 12-month (TTM) basis for the first time since December 2021. Thanks to robust inflows over the past three months, the TTM overseas flows into domestic equities stand at over $7.3 billion—the most since November 2021. This has helped propel […]

Chick-fil-A closed its first store last week. And it was named America’s favorite fast food in an annual poll conducted by Axios Harris. The first one didn’t matter, except symbolically. Traffic to the store had dropped. The second mattered a great deal. It singled out Chick-fil-A among an army of […]

Disney may be the most widely written about public company over the last two weeks. Most of the coverage concerns its battle with Florida’s governor Ron DeSantis. Shareholders have a much larger problem, however. The stock has underperformed the market by a great deal. Disney’s stock is down 14% in […]

With mortgage rates at their highest levels in a decade and a half, the U.S. housing market is beginning to cool. According to the National Realtors Association, existing home sales fell to fewer than 4.3 million in April 2023, down from over 4.4 million in March and nearly 5.6 million […]

The White House and House Republicans reached an agreement in principle on Saturday to raise the debt ceiling and avert a default. House Speaker Kevin McCarthy said that after speaking with President Joe Biden, they had “come to an agreement in principle that is worthy of the American people.” He […]

ITC’s results for the January-March quarter (Q4) were strong, with robust growth in the fast-moving consumer goods (FMCG) segment and a good performance in hospitality. The tobacco division’s performance was on expected lines, with double-digit volume growth, helped by reclaiming of market share from the smuggled trade. There was 60 […]

With the third and final round of layoffs implemented by Facebook’s parent company Meta Platforms, Inc. in process globally, India, too, has seen its impact, with some senior executives being asked to leave. Some of the executives to have been impacted are Avinash Pant, India’s director of marketing; Saket Jha […]

While the fiscal year has just begun, any windfall surplus will be welcomed by the government as it bids to meet the fiscal deficit target of 5.9 per cent of GDP, amidst lack of clarity on exactly to what extent will recession in the West impact India’s trade and tax […]

‘We plan to add over 100,000 square kilometres every year, to reach an ambitious target of 500,000 square kilometres by 2025.’ In the wake of ONGC discovering what it describes as ‘notable findings’ of oil and gas recently, Sushma Rawat, director (exploration) of the company spoke with Subhomoy Bhattacharjee/Business Standard […]

Taylor Swift may be the official answer to New Jersey’s biggest breakfast sandwich debate. For years, dating back to the Civil War, Garden State residents have fought over whether the meat in the state’s favorite egg-cheese breakfast sandwich is called Taylor ham or pork roll. Even President Barack Obama took […]