‘Examining implications’: India on US move to revoke Chabahar port waiver

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The revocation of the sanctions waiver comes as a challenge for India, as it is involved in the development of a terminal at Chabahar Port   India on Friday said it is currently examining the implications of the United States (US) revoking the sanctions waiver for Iran’s Chabahar port. In a press briefing, the Ministry…

Stock market: FII ownership in Indian shares drop to 16%; what’s on their sell radar?

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For oil & gas sector, January’s $182 million outflows marked the fifth consecutive month of selling. For automobile sector, it was the sixth straight month of FII selloff at $672 million.   In its latest strategy note, JM Financial noted that foreign institutional investor (FII) ownership as a percentage of total Indian equities slipped further…