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Despite sustained selling in Indian equities since October, foreign portfolio investors (FPIs) have continued to selectively accumulate stocks with strong fundamentals. In the JanuaryMarch quarter, nearly 30 stockslargely among the mid-cap and large-cap segmentswitnessed an increase in FPI holdings for the fourth straight quarter.This marks a clear shift in FPI behavior, from broad-based buying to selective stock picking, even as total net outflows from FPIs stood at Rs 1.25 lakh crore for FY25. The data, compiled by ET Bureau, underlines the conviction of foreign investors in the specific plays despite a bearish broader market stance:
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News and Media
Australian politicians received approximately A$245,000 in match tickets from major sporting leagues over two years, influencing them against a proposed online gambling advertising ban. Despite public support for the ban and a government report recommending it, Prime Minister Albanese delayed action, raising concerns about the impact of lobbying by vested interests.
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News and Media
Gary Shapley, an IRS agent critical of the Hunter Biden tax investigation, has been appointed as acting commissioner. This decision follows concerns about political influence within the IRS, including alleged pressure to assist in immigration enforcement. Shapley's appointment has sparked unease among some employees, while Trump's nominee for the permanent position awaits Senate confirmation.
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News and Media
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