Despite the decline, equity oriented schemes recorded their 65th consecutive month of positive inflows in July NEW DELHI: Equity mutual fund inflows fell 42% year-on-year to Rs 24,697 crore in July, as investors turned more selective amid concerns over valuations and muted equity returns, though sustained SIP contributions continued to provide strong support to the…
Govt has set a target of supporting up to 45.8 lakh electric two-wheelers, with Rs 2,767 crore earmarked for the segment NEW DELHI: Govt has extended incentives for electric two-wheelers under the PM E-DRIVE scheme till March 31, 2028, while also working on a financing support mechanism to bring down borrowing costs for electric buses…
As entry-level 5G smartphones became more expensive, several brands reintroduced or extended 4G models to retain buyers at the lower end NEW DELHI: India’s cheapest smartphones are disappearing fast. Rising component costs have made sub-$100 (around Rs 9,000) devices increasingly unviable for manufacturers, while giving older 4G technology an unexpected lifeline as brands look for…
July was the 65th consecutive month in which equity-oriented schemes registered positive inflows. Equity mutual fund investments slowed in July as concerns over valuations and subdued equity returns made investors more selective. Inflows into equity-oriented schemes fell 15 per cent from the previous month to Rs 24,697 crore, according to data released by industry body…
Fitch projected India’s GDP growth at 6.4 per cent for the current financial year. Fitch Ratings on Tuesday reaffirmed India’s sovereign credit rating at ‘BBB-‘ with a stable outlook. This extends India’s unchanged rating at the lowest investment-grade level to a 20th consecutive year.“Fitch Ratings has affirmed India’s Long-Term Issuer Default Ratings (IDRs) at BBB-…
India’s net direct tax collections jumped 23.09% to Rs 8.11 lakh crore by August 10, 2026, up from Rs 6.59 lakh crore in the same period last year, data released by the income tax department showed.The latest figures put the increase in net tax receipts at Rs 1.52 lakh crore over the comparable period of…
Corporate earnings have consistently surpassed market forecasts, a trend welcomed by investors. US stock market today: Wall Street benchmarks traded close to record levels on Tuesday as investors awaited fresh inflation data, while oil prices remained volatile amid continued uncertainty over when the conflict with Iran would allow crude exports to resume freely.The S&P 500…
If an MDR is introduced in the future it will only be applicable to a limited category of merchant transactions with the rate being nominal Unified Payments Interface or UPI transactions have become an important backbone of the digital payments economy in India. With wide adoption and transactions running into several lakh crore every month,…
RBI guv tells banks to build meaningful human oversight into AI Banks must ensure that humans remain accountable for decisions made with the help of artificial intelligence, Reserve Bank governor Sanjay Malhotra said on Tuesday, warning lenders against treating algorithms or technology vendors as responsible for their actions.Speaking at the annual Fibac event in the…
The Adani Group has consistently rejected the allegations, describing them as baseless. The criminal securities fraud case against Adani Group chairman Gautam Adani and his nephew Sagar Adani has been permanently dismissed by a US federal judge, bringing to an end nearly two years of prosecution without the matter going to trial.US District Judge Nicholas…
