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FPIs raise India bets in August, DIIs continue buying amid caution

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FPIs raise India bets in August, DIIs continue buying amid caution
Mumbai: Foreign portfolio investors (FIIs) moderately stepped up purchases of Indian equities in August after turning buyers in July following four months of selling, while domestic institutional investors (DIIs) continued to buy, though at a slower pace.

FPIs recorded net purchases of around $2.45 billion in July and $2.7 billion in August so far. DIIs bought around $3.65 billion in July and $4.6 billion in August so far, though their buying during the two months was around 50% below their average monthly investment over the previous six months, according to ET calculations.

Two Good? FPIs Build on July Buys with Select August PicksETMarkets.com

Foreign portfolio investors continue buying, selectively adding to their July bets in August

Rajesh Palvia, head of research at Axis Securities, said the recent FPI buying has been selective and partly driven by opportunities in stake-sale transactions such as offers for sale (OFS), qualified institutional placements (QIPs) and other block deals.

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Indian markets saw combined IPO, QIP and OFS issuances of over ₹1.15 lakh crore during July and August as promoters and early-stage private equity sold some of their stakes through block and bulk deals.

FPI buying in July and August followed four months of selling, even as foreign flows into some other Asian markets weakened. For much of CY26, Taiwan and South Korea had attracted strong foreign flows, supported by earnings momentum and the AI infrastructure trade.


The trend reversed in July, with Taiwan and South Korea seeing foreign outflows of $22.95 billion and $6.26 billion, respectively. South Korea recorded its third consecutive month of foreign selling. The trend has diverged in August so far, with Taiwan attracting $6.28 billion of foreign inflows. South Korea saw further outflows of $7.6 billion.
Read more: Sebi proposes merchant banker exemption for small-value private debt issues“I don’t see this as sustained buying in India,” Palvia said. “Foreign investors could turn sellers again once they deploy money into stocks offering better valuations, as geopolitical uncertainties remain.”

DII flows, meanwhile, have slowed as fund managers turned cautious amid the lack of buying opportunities across the board. “Domestic fund managers are more selective about deployment at current valuations,” said Sneha Poddar, VP-research, wealth management, Motilal Oswal Financial Services. “Domestic institutions had already front-loaded a large share of their buying this year, leaving less fresh capital to sustain the same monthly pace now that FIIs have turned buyers.”

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Civmec net profit up 22pc

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Civmec net profit up 22pc

Civmec boss Pat Tallon says the company’s diverse range of work has played a key role in a successful FY26.

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National Investment Fund Uzbekistan reports 6.1% NAV increase

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National Investment Fund Uzbekistan reports 6.1% NAV increase

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Imaging Biometrics secures US medical center subscription

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Imaging Biometrics secures US medical center subscription

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Contractors picked for $700m Kwinana Fwy upgrades

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Contractors picked for $700m Kwinana Fwy upgrades

A consortium of major contractors has been selected to deliver the $700 million Kwinana Freeway upgrade, which will increase capacity along the southern suburbs stretch.

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Matt Lucas and Hugh Bonneville call for law on AI voice clones

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A composite image of Matt Lucas and Hugh Bonneville

More than 80 performers have signed the letter, with Derry Girls actor Siobhán McSweeney saying she was “deeply worried” that the government was lagging behind.

“There is a way to work alongside AI and to use it as a tool that benefits us rather than rendering us obsolete,” she said.

“Our audiences want that human connection. Not AI.”

As well as actors, other signatories include those working in other performing industries.

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That includes Scottish singer Sandi Thom, known for her 2006 hit I Wish I Was a Punk Rocker (With Flowers in My Hair).

She said she was signing the letter because her voice was “unique to me and was handed to me at birth”.

“Behind that voice is the emotion, the life, the pain, the tears and joy that I’ve felt along the way,” she said.

“Without creativity, we are nothing.”

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It comes a few months after lawyers warned UK legislation has become “unfit for purpose” because of the advancements of AI tech.

“The law comes close, but it doesn’t fully protect your voice, your face or your identity,” Dr Mathilde Pavis said in June.

However, some people – for example those who are unable so speak properly because of illness – have welcomed technology that can replicate a person’s voice.

Yvonne Johnson, who lost her voice due to motor neurone disease, told the BBC’s Tech Life programme in February how having it cloned by AI had “totally blown her mind”, and brought her closer to her family, who had forgotten what she sounded like.

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Others have gone a step further and used AI not only to replicate a person’s voice, but to create a holographic representation of them.

Pam Cronrath, from Washington state, used the tech to surprise mourners at her husband’s funeral, where a digital version of her deceased partner addressed those who attended his wake.

“I was completely impressed,” she told BBC News. “It stayed with me.”

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Opinion: Rubber meets road for bus flows

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Opinion: Rubber meets road for bus flows

OPINION: First-person data recorded over the past year shows how inefficient Perth’s inner-city public transport is.

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Six Flags’ X2 Roller Coaster Tied to Two Deaths and Dozens of Brain Injuries Over Nearly Two Decades

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Death Toll Rises to 31 as Massive Flash Flood Devastates

VALENCIA, Calif. — A CNN investigation has found that X2, the marquee thrill ride at Six Flags Magic Mountain, has been linked to more than a dozen serious injuries and hospitalizations over nearly two decades, including two deaths and multiple cases of traumatic brain injury, raising new questions about why the ride remained operational despite years of documented harm.

The park closed the roller coaster the evening of July 12, according to a Six Flags spokesperson, nearly a full day after the most recent reported injury. Park officials have not disclosed what prompted the closure, and the ride remains shut down.

Two women hospitalized in the same week

The investigation’s findings come after surgeons at a Southern California hospital treated two women within days of each other in July for severe brain hemorrhages consistent with high-speed collisions, despite neither woman having been involved in a crash or fall. Both had ridden X2, known for its rotating seats, near-vertical drops and unpredictable movements during a roughly two-minute ride that reaches speeds close to 80 miles per hour.

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Three neurosurgeons who treated the two women wrote in an email reviewed by CNN that the injuries were the result of “a traumatic rapid acceleration-deceleration event experienced while on the X2 ride.”

A ride unlike any other

X2’s defining feature is its so-called fourth-dimensional design, in which riders’ seats rotate a full 360 degrees around the track independently of the train’s motion. Only two similar roller coasters exist elsewhere in the world — one in China and another in Japan, the latter of which closed temporarily last year following a fatal injury involving a park worker conducting an inspection.

Lyndia Wu, a mechanical engineering professor at the University of British Columbia who studies the effects of roller coasters on the brain, said the overall risk of traumatic brain injury from coasters is generally considered low, though much of the underlying research is dated. She said rides like X2 may warrant further scrutiny. “I personally don’t think head injury should be an expected risk from going on a roller coaster ride,” Wu said.

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A pattern stretching back years

Court records reviewed by CNN show a recurring pattern of serious injuries tied to the ride dating back more than a decade. In September 2014, then-17-year-old Selena O’Neill was diagnosed with a subdural hematoma after riding X2, an injury doctors directly attributed to the coaster. Internal Six Flags records later obtained by her attorney showed at least five other riders had gone to the hospital complaining of head pain before her injury.

In February 2020, Sheila Katerelos, then 50, was hospitalized for five days and diagnosed with a traumatic brain injury and multiple subdural hematomas after riding X2, according to court records. A year later, in 2021, Lucy Alvarez, a 46-year-old phlebotomist, was diagnosed with a traumatic subdural hematoma after riding the coaster; her attorney said the injury derailed her nursing studies and left her with lasting memory loss, balance issues and chronic migraines.

A fatal injury in 2022

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The pattern turned deadly in June 2022, when 22-year-old recent college graduate Christopher Hawley rode X2 with his cousin and brother. According to court records, the three hit their heads multiple times against their seats during the ride. Hawley collapsed and lost consciousness shortly after exiting, and was rushed to a nearby hospital, where surgeons found bleeding severe enough to push his brain toward one side of his skull. He died less than 10 hours later.

The medical examiner ruled his death was caused by blunt head trauma from “a park ride accident,” according to the coroner’s report. An expert hired by Hawley’s family found that Six Flags’ internal records showed at least 70 prior complaints of head and neck injuries from X2 riders in the three years before his death. Hawley’s parents sued the theme park in 2023; the case had been scheduled for trial in September but was settled this week, according to court records.

Hawley’s was the second death linked to the ride. In 2010, 28-year-old Hilda Farias died after riding X2; medical experts at the time suspected an underlying brain abnormality had ruptured due to the ride’s intensity. A lawsuit filed by her family was settled for an undisclosed amount.

Regulatory oversight questioned

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Following Hawley’s death, state officials ordered Six Flags to immediately shut down X2 for inspection. The park was allowed to reopen within days, though records reviewed during a deposition of the park’s maintenance director indicate state inspectors were unaware that a wheel on one of the train cars had been replaced beforehand. Inspectors relied on safety data supplied by Six Flags showing the ride met state safety standards — standards developed by a committee that includes ride manufacturers and theme park operators.

Brian Avery, a University of Florida professor specializing in ride safety and risk management who has served as an expert witness for both riders and theme parks but has not worked on an X2 case, said repeated brain injuries linked to a single ride “constitute a clear safety signal” warranting a comprehensive review.

Two more women hospitalized this July

The most recent cases involve 40-year-old Pamela Guillen, who lost consciousness after riding X2 with her daughter on July 12 and was rushed into emergency surgery for a severe subdural hematoma and brain compression. She spent weeks recovering and said she still experiences headaches, brain fog and requires medication to prevent seizures. “I’m very lucky to be alive,” Guillen said.

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Six days later, 25-year-old Naomi Greer-Wilkinson lost consciousness after riding the same coaster and underwent emergency brain surgery. Her mother, Artemis Greer, said her daughter “should have never ever in a million years even had the option to get on that ride.” Greer-Wilkinson remains in a coma more than a month later, according to her family.

Six Flags’ response

Six Flags has declined to answer detailed questions from CNN about the ride’s history, saying only that it “remains closed at this time.” In court filings, attorneys for the park have argued that posted signage warns riders of inherent risks and that the physical forces involved do not exceed what a “normal” rider can safely withstand. The California Division of Occupational Safety and Health, which oversees amusement ride operations, said an inspection into X2 remains ongoing but did not respond to questions about the ride’s injury history.

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Opinion: Census imperfect, benefits believable

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Opinion: Census imperfect, benefits believable

OPINION: Hopefully most Australians recognise the benefits that come with providing accurate census information.

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Buyback alert! GE Shipping shares rise 3% as firm set to repurchase shares at 16% premium

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Buyback alert! GE Shipping shares rise 3% as firm set to repurchase shares at 16% premium
Shares of Great Eastern Shipping Company Ltd gained as much as 2.6% to their day’s high of Rs 1,350 on the BSE on Friday after the company announced its first-ever share buyback, with a total value of up to Rs 900 crore.

The company’s board has approved a proposal to buy back up to 58.82 lakh equity shares, equivalent to 4.12% of its total paid-up equity share capital. The buyback will be carried out through the open market route, with the maximum buyback price set at Rs 1,530 per share. This represents a 15.99% premium to the stock’s closing price of Rs 1,319 on Thursday.

Under the open market mechanism, Great Eastern Shipping will acquire its shares through the stock exchanges over a period of time, subject to applicable limits.

If the company buys back the maximum number of shares at the maximum price, it will repurchase up to 58.82 lakh shares. The proposed buyback accounts for less than 25% of the company’s existing paid-up equity capital.

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According to the company’s latest shareholding data, promoters and the promoter group own a 30.07% stake. Foreign investors, including FPIs, FIIs, NRIs, foreign banks and overseas corporate bodies, hold a 29.83% stake.


Mutual funds, financial institutions, banks, AIFs, NBFCs and insurance companies together own a 12.49% stake. The remaining 27.60% is held by other shareholders, including individuals, corporates and trusts.
GE Shipping Q1 resultsThe Great Eastern Shipping Company (GE Shipping) reported more than a two-fold rise in net profit for the June quarter, supported by strong growth in its shipping business and an improvement in operating margins.

Consolidated net profit climbed to Rs 1,309 crore in the first quarter of FY27, compared with Rs 505 crore in the corresponding quarter a year earlier. Revenue from operations grew 66.9% year-on-year to Rs 2,005.4 crore from Rs 1,201.5 crore in the year-ago period.

The company also posted a stronger operating performance, with EBITDA nearly doubling to Rs 1,337.7 crore from Rs 642.8 crore. EBITDA margin widened to 66.7% from 53.5% a year earlier.

The shipping segment continued to account for the bulk of the company’s revenue. Revenue from shipping operations rose to Rs 1,890.97 crore in the June quarter from Rs 994.21 crore in the year-ago period.

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Revenue from the offshore services business also increased to Rs 406.02 crore from Rs 350.41 crore in the same period last year.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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What do you spend too much on?

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Two women with long dark hair stand in an outdoor square. One wears a turquoise top, the other wears a sleeveless camel top

Shoppers in central London reveal what they love to splash out on – and share their tips for not overspending.

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