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Tag: year

Samvat 2075 was a year of DIIs: SIP flows helped cushion FII outflow hit

Samvat 2075 was a year of DIIs: SIP flows helped cushion FII outflow hit

Finance
A continuous flow of money from retail investors into domestic mutual funds through systematic investment plans (SIPs) helped domestic institutional investors (DIIs) cushion a bigger fall in domestic equity in Samvat 2075. In last one year since last Diwali, DIIs poured in a net Rs 53,000 crore into the domestic stock. They were net sellers in just three of last 12 months. Foreign institutional investors (FIIs) invested a net of Rs 69,000 crore in the 12-month period, but they put in most of it before March. In this financial year, FIIs have bought stocks worth Rs 13,000 crore against DIIs’ Rs 64,000 crore. “Domestic investors buy stocks when they get flows. What would a mutual fund guy do if he gets inflows? He has to buy, he can’t sit on it. But what I have seen is that DIIs have been us
Tesco boss Dave Lewis to step down next year

Tesco boss Dave Lewis to step down next year

Business
Tesco chief executive Dave Lewis is to step down next year, the supermarket giant has announced.Chairman John Allan said he had accepted the decision "with regret" after Mr Lewis decided he wanted to leave in the summer of 2020. The chief executive said his decision was a "personal one" and that it was "the right time to pass the baton" having completed a turnaround of Britain's biggest supermarket.He was described by one leading analyst as "the bloke that saved Tesco".Mr Lewis joined Tesco in 2014 as it suffered sliding sales and a series of profit warnings - and just weeks into the job had to deal with the fall-out as the company disclosed a big accounting black hole. Advertisement His announcement came a...
Climate change: Arctic expedition to drift in sea-ice for a year

Climate change: Arctic expedition to drift in sea-ice for a year

Science
Media playback is unsupported on your device It's being described as the biggest Arctic science expedition of all time. The German Research Vessel Polarstern is about to head for the far north where it intends to drift in the sea-ice for an entire year. Hundreds of scientists will visit the ship in that time to use it as a base from which to study the climate.The MOSAiC (Multidisciplinary drifting Observatory for the Study of Arctic Climate) project is expected to cost about €130m (£120m/$ 150m).Its scale means it must be an international effort. RV Polarstern will be supported by icebreakers from Russia, Sweden and China.In deep winter, when these vessels can't pierce the floes to reach the German ship, aeroplanes and long-range helicopters w
‘Bond King’ Jeffrey Gundlach says interest rates have bottomed for the year

‘Bond King’ Jeffrey Gundlach says interest rates have bottomed for the year

Finance
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019.Adam Jeffery | CNBCDoubleLine CEO Jeffrey Gundlach believes the bottom for interest rates is in for 2019.Growing fears about a possible global economic slowdown prompted Treasury yields to hit their historic lows a few weeks ago. The so-called bond king said yields won't go any lower this year."It's not a great idea to bet on low interest rates," Gundlach said in an investor webcast on Tuesday. When asked if he would buy 10-year Treasury now, Gundlach said "absolutely not."The yield on the benchmark 10-year Treasury breached below 1.5% in August, while the 30-year Treasury bond yield fell below 2% for the first time ever as the U.S.-China trade war escalated.The Federal Reserve conducted a repurchase operati...
Uefa Player of the Year: Lucy Bronze and Virgil van Dijk win awards

Uefa Player of the Year: Lucy Bronze and Virgil van Dijk win awards

Sports
Media playback is not supported on this device England's Lucy Bronze has been named the Uefa Women's Player of the Year, while Liverpool's Virgil van Dijk took the men's award.Full-back Bronze beat Lyon team-mates Ada Hegerberg and Amandine Henry to the award.She is the first English winner of the honour, voted for by top coaches in the women's game and journalists. Defender Van Dijk helped Liverpool beat Tottenham 2-0 in the Champions League final in Madrid in June.How Lucy Bronze defied the odds to reach the topVan Dijk, 28, edged out Barcelona's Lionel Messi and Juv...