The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that no service tax is payable on a tour operator s services provided beyond the territorial limits of.
FPIs lap up financial, oil & gas stocks again
March 08, 2021
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The sectors accounted for nearly 75% inflows that came in February
After betting on cyclical and defensive sectors such as automobile, capital goods and telecom in January, foreign portfolio investors (FPIs) have again turned their focus to Financials and Oil & Gas sectors in February.
These two sectors alone garnered 73 per cent of ₹25,788 crore that the FPIs pumped into Indian equities in February.
Sector-wise analysis of FPI inflows in the equity segment shows that the ‘Financial Services’ sector alone received a net inflow of ₹14,266 crore in February, of which ₹6,197 crore went to ‘Banks’, The remaining went to ‘Other Financial Services’ segment that spans financial institutions (FIs), NBFCs and housing finance companies (HFCs), among others.