Foreign institutional investors have markedly scaled back their holdings in various Indian firms. Notably, Piramal Pharma faced the steepest decline, with FII ownership plummeting by 17.7 percentage points. RBL Bank also saw a significant drop of 11.4 percent…

Shayne Nelson, Emirates NBD group chief executive said the investment in RBL Bank was a deepening of a long-term commitment to India

The transaction, which was announced on October 18 last year, was completed after receiving all regulatory approvals and fulfilment of closing conditions
Indian equities are seeing stock-specific action. Market expert Vinit Bolinjkar is bullish on select banking, power, defence, and industrial companies. He highlights mid-sized banks like Yes Bank, RBL Bank, and Bandhan Bank. Cummins India is seen as a long-te…