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Foreign institutional investors (FIIs) are those institutional investors who invest in assets belonging to a different country other than where these organizations are based.

Srivari Spices is engaged in the business of manufacturing spices and flour. The company was incorporated in 2019. It markets and sells its products and operates primarily in and around Telangana and Andhra Pradesh.

Lloyds Engineering was the top gainer in the smallcap pack with nearly 44.54% return, followed by Digispice Technologies (40.04%), MPS (37.8%), and Optiemus Infracom (28.7%). About 7 stocks including Sanghi Industries, Jai Balaji Industries, and HCL Infosystems have offered returns over 25% during the week.

Staying away from the screen is a great mental and emotional detox such that when you’re back to work, your focus and productivity improve by leaps and bounds. In a lighter vein, I must admit, I am joked about in my circle for being in flight mode, even when I am in town. But come to think of it, even phones need a recharge, shouldn’t we too?

Widely-tracked companies such as Adani Ports, Hindustan Aeronautics, LIC, IRCTC and Hero MotoCorp will release their June quarter earnings next week.

Shares of Apple dropped 4.8% on Friday, resulting in a market capitalization of about $2.85 trillion. The day’s decline, Apple’s largest since September, represented a drop of more than $160 billion in market value. In June, Apple became the first company with a $3 trillion value.

IDFC First Bank is expected to see inflows of $200 million from global passive funds if included in the MSCI index. The stock has rallied nearly 48% so far this year. Power Finance, Ashok Leyland and Cummins India could see inflows of around $190 million each if these stocks are in the MSCI index.

There is still plenty of good news to keep the rally going. Earnings from Wall Street heavyweights Amazon and Google-parent Alphabet have exceeded analysts expectations, though disappointing earnings from Apple sent the stock tumbling 4.8% on Friday.

IRDAI has said that the exemption will only be with respect to holdings of the respective insurers as on June 30, 2023, and will be scaled down to the extent of sale of shares thereafter.

Nikola forecast third-quarter revenue of USD 18 million to USD 28 million, compared with estimates of USD 34.5 million, according to Visible Alpha. The company said it expects 300 to 400 deliveries this year, up from between 250 and 350 it projected earlier.