Mutual funds net sellers of Indian equities first time in 7 years

[Business-Standard]( Daily Newsletter 17 March 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 50363.96 (-31.12) [NIFTY]( 14910.45 (-19.05) GOLD (MCX 10 GM) 44802.00 (-98.00) SILVER (MCX 1 KG) 66930.00 (-739.00) USD ($) / INR(Rs) 72.61 (0.02) Front Page [Premium Content][Mutual funds net sellers of Indian equities first time in 7 years]( FY21 net selling of Rs 1.27 trn is highest in a fiscal year [Cabinet clears Bill on setting up DFI with capital infusion of Rs 20,000 cr]( Initially the new institution would be government-owned, with its stake being cut gradually to 26%, says Finance Minister Nirmala Sitharaman [Premium Content][DFI employees may get shield against 'ill-informed' probe, prosecution]( The government expects the DFI to finance a large percentage of the Rs 115-trillion spending needed for the National Infrastructure Pipeline [Premium Content][Ola Electric plans to set up Li-ion battery plant, invest Rs 2,400 crore]( Ola will initially source the cells for the Li-ion battery used in its soon-to-be-launched e-scooters from South Korea [Premium Content][AT1 cloud likely to hit banks' capital-raising plans, say experts]( They have planned to raise about Rs 30,000 crore through this route [Premium Content][High price of LPG cylinders forcing the poor to return to firewood]( At the price of Rs 819, LPG refills beyond the reach of most PMUY beneficiaries. [Premium Content][India emerges global manufacturing hub for Covid-19 vaccine Sputnik V]( Gland Pharma to make 252 mn doses, Hetero 100 mn doses, Strides may also join the fray [Google halves Play billing fee to 15% for developers on first $1 mn revenue]( Last year, Google then stretched its deadline for Indian app developers to comply with a new billing system for commission fees by six months [Premium Content][Office space supply in the top metros likely to drag down absorption]( Supply may be double of demand by fiscal 2022-2023 [Premium Content][With Covid-19 cases on the rise, demand to allow vaccine for all grows]( Maharashtra, Bengal, Tamil Nadu argue in favour; may be discussed at PM's meeting with CMs Companies [BPCL bullish on clean fuel, aims at raise CNG sale share to 15% in 4-5 yrs]( PSU oil marketing company BPCL is aiming big to expand its footprint in clean fuel space and looking to set up an infrastructure to tap the ... [Premium Content][High demand in luxury car market will sustain: Mercedes India CEO Schwenk]( We think these new products drove in customer confidence into the brand and our customers appreciated this momentum, said Schwenk [Ahead of IPO, Nazara Technologies garners Rs 261 cr from anchor investors]( Gaming firm Nazara Technologies on Tuesday said it has mopped up a little over Rs 261 crore from from anchor investors ahead of its initial ... [India's Hero Cycles to set up new global hub in London to expand footprint]( The company said HIT is aimed at bringing HMC's European businesses under one umbrella and giving its electric bike business a major boost ... [» Read More Stories in Companies]( Economy & Policy [Premium Content][We have Covid vaccination data for any post facto verification: R S Sharma]( The only problem we have now is that hospitals don't follow the system of vaccination many times, says Sharma [Premium Content][Direct tax collection inches closer to revised Budget target for 2021-21]( The direct tax collection target for FY21 saw a significant fall from Rs 13.19 trillion estimated earlier in view of the economic impact of the ... [Premium Content][The repo in corporate bonds is slowly picking up pace, shows data]( Rates offered at par or lower than RBI's repo rate [Indian state refiners prepare to cut May Saudi oil imports: Report]( Indian state refiners prepare to cut May Saudi oil imports [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [3M India]( 28013.45 1.89 [Adani Green]( 1219.25 1.83 BSE TOP GAINERS Company Price (Rs) Change (%) [Zensar Tech.]( 331.40 13.86 [Firstsour.Solu.]( 116.20 10.30 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [Bliss GVS Pharma]( 104.30 -19.98 [Meghmani Organ.]( 114.45 -7.48 [Premium Content][Explained: What are perpetual bonds & why have new Sebi rules irked FinMin?]( Sebi's new rules around mutual fund (MF) investments in these bonds have kicked up a storm [Premium Content][84% BSE stocks still trading at a share price below their pre-Covid high]( Less than 1% of firms now account for 50% of BSE market cap [Premium Content][Tata Comm OFS: Bids placed for 56 mn shares against 46 mn on the block]( The government owns a 26 per cent stake in Tata Communications [Non-govt PFs, gratuity funds can invest in alternative investment funds]( Finmin notifies changes to the investment pattern of these funds [Premium Content][Launch of new Royal Enfield may help Eicher to grow: Analysts]( The popular motorbike is expected to beat peers in the domestic market in FY22 [» Read More Stories in Markets]( Opinion [Premium Content][Valuing AT1 bonds]( A sudden change in the metrics will be disruptive [Premium Content][SC right to protect IBC]( Back door for promoters to retain control closed [Premium Content][Vaccinating India: What next?]( We must pull out all the stops to win the race against the virus. And trust each other to do the right thing [Premium Content][Where China is only a notch above India]( India and China seem united in gender discrimination [Premium Content]['Paper'ing over the cracks]( Independent directors - cats on a hot tin roof [» Read More Stories in Opinion]( Finance [Premium Content][How Indian Bank-Allahabad Bank amalgamation proved an unlikely success]( The merger was complicated by the fact that the government had not allowed post-merger lay-offs for any of the banks under this process [Banking services disrupted across Maharashtra on Day 2 of nationwide strike]( The two-day pan-India bank strike ended today, with the disruption in services including cash withdrawals, deposits, loan disbursements and ... [Magma HDI general insurance raises Rs 525 cr from various investors]( ICICI Venture, Morgan Stanley PE Asia, Cyza Chem have put in money [Parl Panel suggests systemic review by RBI to pre-empt IL&FS type crisis]( A Parliamentary panel on Tuesday suggested a thorough systemic review by the Reserve Bank to pre-empt IL&FS kind of crisis, involving ... [» Read More Stories in Finance]( Technology [Google's Nest adds sleep tracking in new health technology foray]( The company unveiled the second-generation model of its Nest Hub smart display in a blog post Tuesday [Croma, Amazon jointly launch new range of TV with built-in Fire device]( Tata Group-owned electronics store chain Croma has entered into a partnership with Amazon to launch a new range of smart TVs with built-in Fire ... [Only 1 in 250 understand role of encryption in securing messaging: Study]( Encryption is the practice of scrambling data to make it unintelligible for even the service providers [Snapchat's TikTok clone 'Spotlight' launched in India]( Snapchat on Tuesday launched its new entertainment platform 'Spotlight' for user-generated content in India [» Read More Stories in Technology]( PF [Premium Content][Switch home loan if you can reduce cost by at least 50 bps: Experts]( Don't go by the lowest advertised home loan rates; find out what you are eligible for [» Read More Stories in PF]( Beyond Business [Premium Content][View from the corporate netherworld]( Book review of Hot Seat: Hard-won Lessons in Challenging Time [» Read More Stories in Beyond Business]( [About us]( | [Partner With Us]( | [Job@BS]( | [Advertise with us]( | [Connect BS]( | [Refer a friend]( Ensure that you always receive messages from business-standard.com Add bsemailservices@business-standard.net.in to your Address Book or Safe List. 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