Jagannarayan Padmanabhan, The writer is Practice Leader and Director, Transport, CRISIL Infrastructure Advisory

India is staring at an incipient - and significant - overcapacity at ports. It's time to alter the sail

Terminal affliction

Business Standard

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

Reports indicate that three prominent Saudi clubs-Al Ahli, Al Ittihad, and Al Qadsiah-are all vying for the England international's signature in January.

Marcus Rashford

Initially, the petition was filed in the MP-MLA court, where it was dismissed. However, the petitioner pursued the matter by appealing to the District Judge Court

Rahul Gandhi, Gaurav Gogoi

While speaking at the "Hala Modi" community event at Kuwait's Sheikh Saad Al-Abdullah Indoor Sports Complex, PM Modi highlighted India's rapid transformation in various fields, including technology

Digvijaya Singh, Digvijaya

Indian Army said - Indian Army reacted swiftly for the rescue. In a remarkable display of coordinated efforts, Indian Army Columns along with NDRF and State rescue teams have been relentlessly working

building collapse, Bengaluru building collapse

GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

GST council meeting

Bihar's Deputy Chief Minister Samrat Chaudhary said another meeting of the GoM is scheduled for January before the proposal is reintroduced to the GST Council

Amid controversy over Home Minister Amit Shah's remarks on Ambedkar, Kejriwal launches Dr Ambedkar Samman Scholarship, pledging support for Dalit students pursuing studies abroad

Kejriwal, Arvind Kejriwal

Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax.
"States did not feel comfortable. They didn't want the ATF because they saw it as part of the crude petroleum diesel basket, and therefore they said that it alone cannot be taken out, and therefore that continues to remain where it is today," she said while briefing media on the outcome of 55th GST Council meeting here.
Besides, she said, no decision was taken with regard to reduction in GST on insurance premiums as the Group of Ministers (Go) needed more time to study the issue.
Many inputs are awaited including the one from insurance regulator IRDAI, she said.
She further said that the GST Council has also deferred the decision with regard to rate rationalisation as more time is required by the GoM for a comprehensive study.
However, the Council made suggestions with regard to GST rate revision on various items including ...

Nirmala Sitharaman, Union Finance Minister

The Supreme Court on Friday said the CAG report looking into the financial record of the DND project in 2016 revealed shocking details including distribution of corporate gifts like gold coins to its employees, sub-staff and drivers.
A bench of Justices Surya Kant and Ujjal Bhuyan upheld the Allahabad High Court order of 2016 directing the private firm Noida Toll Bridge Company Ltd (NTBCL) to stop collecting toll from commuters plying the Delhi-Noida-Direct (DND) flyway connecting South Delhi and Noida.
"The CAG report shockingly reveals that the directors of NTBCL, including Pradeep Puri (who it seems was a senior bureaucrat), apparently did not perform any responsibility, yet all their expenses, including high-end remuneration were added in the total project cost," it said.
Referring to the report, the bench said legal fees amounting to Rs 11 crore, travelling expenses amounting to Rs 400 lakh, and the cost of restructuring deep discount bonds at Rs 33 crore, were also added to th

DND flyway

Nothing OS 3.0 brings a new native gallery app, shared widgets feature, and a new AI-based app organising tool

Nothing OS 3.0

Vishal Mega Mart share price: The stock is currently trading 38 per cent higher than its issue price of Rs 78 per share

Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

Arsenal, Newcastle and Liverpool advanced in the English League Cup on Wednesday to ensure a heavyweight lineup for the semifinals.
Gabriel Jesus scored a hat trick  including a crucial second goal from an offside position  as Arsenal beat Crystal Palace 3-2 to reach the last four for the first time since the 2021-22 season.
Liverpool kept alive its title defense by winning 2-1 at Southampton, with Darwin Nunez and Harvey Elliott the scorers in the first half for the leaders of the Premier League and Champions League.
Newcastle defeated Brentford 3-1 mainly thanks to two first-half goals by Italy midfielder Sandro Tonali and progressed to the semifinals for the second time in three seasons. The Saudi-controlled club from the north east, which hasn't won a major trophy since 1955, lost in the League Cup final to Manchester United in 2023.
United visits Tottenham on Thursday in the remaining quarterfinal match, guaranteeing that the semifinals will feature four of the biggest teams i

Carabao Cup

Tata Starbucks scales back store openings amid inflationary pressure and real estate challenges. The company remains bullish on India's cafe market, targeting 1,000 stores by 2028

Starbucks

Shares of IOL Chemicals and Pharmaceuticals (IOLCP) rallied up to 7.52 per cent at 436.50 per share on the BSE

pharma

India, US bond yield spread narrowest in nearly 20-yr; Sensex slips below 80K after 4 days of equity selloff

rupee bond

The Opposition Congress has doubled down on its demand for Home Minister Amit Shah's resignation, citing his comments on B R Ambedkar

Rahul Gandhi, Rahul, Congress leader, Priyanka Gandhi, Priyanka

Shares of SpiceJet rallied up to 7.85 per cent at SpiceJet per share on the BSE in Thursday's intraday deals

Spicejet

The official further noted that this year's Budget consultations are particularly significant due to the political outcomes of recent state elections

Nirmala Sitharaman, Nirmala

Mumbai ferry accident: An FIR was filed at the Colaba police station in south Mumbai under relevant sections of Bharatiya Nyaya Sanhita (BNS) against the Navy speedboat driver

Jagannarayan Padmanabhan

Jagannarayan Padmanabhan

Jagannarayan Padmanabhan

Terminal affliction

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FPIs pull out Rs 976 crore from Indian equities amid rising dollar

Marcus Rashford attracts interest from Saudi clubs ahead of January window

Bareilly court issues notice to Rahul Gandhi over caste census remark

Digvijaya Singh slams PM Modi for spreading hatred, criticises speech

Mohali building collapse: NDRF rescue ops enter 2nd day, FIR lodged

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55th GST Council takes key decisions, defers rate cuts on insurance premium

GST Council defers decision to reduce tax on health, life insurance

Kejriwal launches Dr Ambedkar scholarship amid row over Amit Shah's remarks

States not in favour of bringing aviation turbine fuel under GST: FM

CAG report on DND flyway shocking, says SC, NTBCL gave gold coins to staff