New Delhi, April 14 (IANS) A structural shift in India’s household finances has pushed physical assets, primarily real estate, to almost 70 per cent of household savings from the pre-pandemic average of 58 per cent during FY16-FY20, a report said on Tuesday.Meanwhile, household financial debt has jumped to 6.2 per cent of GDP in FY24, compared to the pre-pandemic average of approximately 4.1 per cent, reducing net financial savings from 7.7 per cent to 5.2 per cent of GDP, the report from mult…
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Mumbai, Feb 5 (IANS) Shares of Indian Oil Corporation (IOC) rose on Thursday after the state‑owned refiner reported close to 60 per cent surge in profits during the December quarter of FY26.Indian Oil posted a 59.3 per cent increase in net profit to Rs 12,126 crore for the quarter, up from Rs 7,610.5 crore in the September quarter. Revenue during the reported quarter increased to Rs 2.04 lakh crore, up about 14.3 per cent from Rs 1.78 lakh crore in the prior quarter.Earnings before interest, t…
Seoul, Jan 25 (IANS) Foreign ownership of South Korean stocks as a share of total market capitalisation reached its highest level in five years and nine months in January, driven by net purchases in the shipbuilding, defence and nuclear power industries, the main bourse operator said on Sunday.Foreigners’ stock holdings rose to 37.18 per cent of total market capitalisation on January 7, the highest level since April 9, 2020, when the rate was at 37.34 percent, according to data from the Korea Ex…