The Economic Times
Info60 has published 3 short summaries of reporting by The Economic Times. Each summary credits The Economic Times and links to the original article; Info60 does not republish their full reports.
Summaries of reporting by The Economic Times
FII selling worsens; foreign investors pull out Rs 26,000 crore from Indian equities in three days
Foreign institutional investors sold over Rs 26,000 crore of Indian shares in three sessions, intensifying Septembers market correction. High crude prices, elevated US bond yields and a weaker rupee pressured equities, while analysts said selective opportunities are emerging across largecaps.
Jio Financial, Allianz pump Rs 640 crore into general insurance JV via rights issue
Jio Financial Services and Allianz Europe B.V. have each invested Rs 320.05 crore in Jio Allianz General Insurance through a rights issue, collectively infusing Rs 640.1 crore into their 50:50 joint venture. The insurer will use the funds for business operations, while Jio Financial’s total investment has reached Rs 375 crore.
Chinese researchers simulate lidar system that could detect US fifth-generation F-35 from over 60 km, here is how it works
Chinese researchers have used a computer simulation to examine whether a missile-mounted single-photon lidar could detect and track an F-35C stealth fighter. The model produced a maximum detection distance of 61.5 km at night and 27.7 km during the day. However, analysts questioned whether the narrow laser beam could practically locate a stealth aircraft across a wide area, while the study has not yet been validated through flight testing.