Global funds turn wary of Indian stocks as AI boom draws money elsewhere

India’s appeal to global fund managers is weakening amid muted corporate earnings and the lack of a major AI investment theme, pushing foreign ownership of NSE-listed companies to a 17-year low   When Reed Capital Partners, a multifamily office, wanted to trim its equity exposure about a month ago, it chose to entirely exit its…

Adani leads ₹37,500-cr coal gasification scheme with three urea bids

Centre’s coal gasification scheme receives seven applications in its first bidding round, with four projects targeting urea production and others focused on syngas and DRI   The Centre’s Rs 37,500-crore scheme to promote coal and lignite gasification has received seven applications in its first bidding round, with Adani Enterprises submitting bids for three projects aimed…

Market stages strong rebound as Nifty, Sensex end 1% higher; IT, autos, metals drive gains

With a much-awaited rebound, the Nifty looks poised to snap its 10-day losing streak, a first in history. The recovery was broad based as all sectoral indices posted gains. Marking an end to the downslide in the market, benchmark indices–the Nifty 50 and Sensex, staged a strong rebound from the oversold territory, closing the session…