Mumbai: After remaining buyers for about five fortnights, overseas investors again turned sellers in the first half of September, with financials, auto, oil and gas and FMCG seeing the biggest selling. Healthcare witnessed the highest inflows in the period, reflecting the defensive tilt in their near-term outlook for Indian equities. Foreign portfolio investors sold nearly…
After four straight months of selling, foreign investors turned net buyers of Indian equities in July, pumping in Rs 20,200 crore, aided by attractive valuations, improving corporate earnings and easing global headwinds. The latest inflow marks a sharp reversal from the preceding months, when Foreign Portfolio Investors (FPIs) withdrew Rs 49,340 crore in June, Rs…
By Adegboyega Adeleye World football governing body FIFA has defended its controversial proposal to bring private investment into the FIFA World Cup, insisting that “nobody is selling football” after UEFA and several continental confederations threatened to boycott its competitions. In a statement released on Friday, FIFA said it would continue its consultation process on the…
When Asha Sharma became CEO of Xbox earlier this year, it wasn’t the culmination of a carefully plotted path to the corner office at one of the world’s biggest gaming brands. If anything, it was a reaffirmation of a philosophy she’d followed for years: instead of dreaming of the future, focus on excelling at the…
By Frank Ulom A Federal High Court sitting in Calabar, Cross River State, has convicted and sentenced a 38-year-old woman, Mbika Asuquo Edem (a.k.a Ikwo), for selling a newborn. Converseer reports that Edem was convicted and sentenced by Hon. Justice Rosemary Dugbo Oghoghorie, on 23 April 2026. The conviction was secured by the National Agency…
Unlabeled genetically modified (GM) TELA Maize is being sold openly on the Nigerian online marketplace Jiji for as low as ₦4,000 ($2.62), highlighting the need for consumer protection in a country where enforcement of GMO labelling remains weak. A check on Jiji revealed that several vendors on the platform are offering GM Maize without providing information…
Despite foreign investors pulling money out of Indian equities, Amit Premchandani, Fund Manager (Equity) at UTI AMC, believes the market story runs deeper. He argues that valuations, earnings quality, and sectoral opportunities matter more than short-term flows, and highlights why large caps, BFSI, healthcare, and autos remain attractive bets. Edited excerpts from a chat: Sensex…
When Rasheedat Ajibade lifted the trophy at the 2024 Women’s Africa Cup of Nations (WAFCON) in Morocco, she was not only celebrating Nigeria’s record-extending 10th continental title. She was also closing a remarkable personal chapter — one that began far from the floodlights and cameras of world football. “To be honest, I never imagined that…
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The Seoul city government has asked online retail giants Temu and AliExpress to suspend sales of certain children’s products over safety concerns, saying Friday that some goods far exceeded local limits for hazardous substances. Chinese e-commerce titans like Shein, Temu and AliExpress have seen a surge in global popularity in recent years, drawing in consumers…
