Seoul, May 25 (IANS) Foreign investors sold more than 10 trillion won ($6.6 billion) worth of shares in Samsung Electronics and SK hynix last week while extending their net-selling streak in the South Korean stock market to 12 trading sessions, data showed on Monday.Foreigners offloaded a net 5.33 trillion won worth of SK hynix shares and 5.26 trillion won worth of Samsung Electronics shares during the week beginning May 18, according to the data from the Korea Exchange and Yonhap Infomax.Combin…

Seoul, May 25 (IANS) Average daily transactions in South Korea’s benchmark index surpassed 40 trillion won ($26.4 billion) for the first time this month amid a record-breaking market rally, bourse data showed on Monday.The daily turnover of the Korea Composite Stock Price Index (KOSPI) averaged 48.05 trillion won during the first 22 days of May, according to the data from the Korea Exchange (KRX).The figure marked the highest monthly average on record, surpassing the previous high of 32.23 trill…

New Delhi, May 24 (IANS) In response to widespread technical and payment-related issues faced by students during the CBSE post-result and re-evaluation process, Union Education Minister Dharmendra Pradhan on Sunday held discussions with Union Finance and Corporate Affairs Minister Nirmala Sitharaman to address the concerns and improve the system.Following the meeting, it was decided that four major public sector banks — State Bank of India, Bank of Baroda, Canara Bank and Indian Bank — will ex…

New Delhi, May 24 (IANS) The government on Sunday warned citizens against a fake investment scheme being circulated online in the name of Union Finance Minister Nirmala Sitharaman, which falsely promises monthly earnings of Rs 3 lakh on an initial investment of Rs 22,000.In a post shared on social media platform X, Press Information Bureau’s fact-checking unit clarified that the so-called “Quantum AI” investment platform is fraudulent and has no connection with the Government of India or t…

New Delhi, May 24 (IANS) The recent weakness in the Indian rupee may be driven less by rising oil prices or concerns around the current account deficit and more by relentless domestic equity inflows through systematic investment plans (SIPs), according to a report by Jefferies.In a note titled “INR Pressure – The Downside of SIPs,” the brokerage said sustained foreign selling in Indian equities, coupled with strong domestic liquidity, has become a major factor weighing on the rupee.Jefferi…

Mumbai, May 24 (IANS) Indian equity benchmark indices ended higher on Friday, with analysts on Sunday said that they are expecting the Nifty to test the crucial 24,000 resistance mark next week, while the Sensex may face hurdles near the 76,000 zone amid persistent global uncertainty and volatile crude oil prices. Experts said the market is showing signs of gradual recovery, supported by gains in heavyweight banking stocks, although inflation concerns and geopolitical tensions continue to keep i…

Mumbai, May 24 (IANS) The combined market valuation of six of the country’s top-10 most valued companies increased by Rs 74,111.57 crore last week, led by gains in ICICI Bank, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC), Bajaj Finance and Larsen & Toubro amid a positive trend in equities.During the week, the BSE benchmark index rose by 177.36 points, or 0.23 per cent.Among the top-10 valued firms, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro and LIC em…

New Delhi, May 24 (IANS) The recent meeting between Prime Minister Narendra Modi and leaders of five Nordic countries — Norway, Sweden, Finland, Iceland, and Denmark — in Oslo, carries immense geopolitical significance as countries seek new economic and strategic partnerships amid rising global fragmentation and conflict-driven economic pressures, a report has said. The meeting took place several months after India and the European Union signed a free trade agreement and roughly a year after I…

Mumbai, May 24 (IANS) State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making company in India’s financial sector during the January-March quarter of FY26, reporting a net profit of over Rs 23,400 crore.The insurance giant also retained its top position among Central Public Sector Enterprises (CPSEs) in terms of quarterly profit during the fourth quarter of FY26.LIC last week reported a 23 per cent rise in consolidated net profit to Rs 23,420 crore for th…

Mumbai, May 24 (IANS) The Indian stock market is expected to remain volatile next week as investors closely track the impact of the RBI’s record dividend transfer to the government, developments surrounding the ongoing US-Iran conflict, and fluctuations in global crude oil prices. Persistent weakness in the rupee, inflation concerns, and global cues are also likely to influence market sentiment.Benchmark indices Sensex and Nifty ended the week with modest gains despite witnessing sharp intrada…