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…

Akasa Air has received growth capital from Azim Premji, Ranjan Pai, and 360 ONE Asset; the Jhunjhunwala family has deployed fresh funds.

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The consortium of investors includes the investment arm of Azim Premji, Claypond Capital – the investment office of Dr Ranjan Pai, as well as funds managed by 360 ONE Asset. The funds raised will fuel Akasa Air’s path to becoming one of the top 30 airlines in the world by the end of this decade,…