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 … Read more
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- … Read more
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 … Read more
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 … Read more
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, … Read more
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 … Read more
Rs 10 and Rs 20 denomination polymer notes to be introduced for field trial India is set to trade in polymer banknotes soon, with the government approving the Reserve Bank of India’s proposal to release one billion pieces each of Rs 10 and Rs 20 denomination notes for field trials.The proposal, submitted by the RBI’s … Read more
Russian crude made up 87 per cent of India’s total fossil fuel imports from Russia during the month. India’s purchases of Russian crude oil reached a fresh record in July for the second straight month, according to data compiled by the Centre for Research on Energy and Clean Air (CREA). This highlights India’s continued preference … Read more
Nvidia has joined hands with six Wall Street giants to raise over $500 billion to finance the next phase of AI infrastructure. Nvidia is turning to some of the world’s biggest financial groups to help fund the next phase of the artificial intelligence boom. Six Wall Street giants have joined the effort, which could raise … Read more
Stock market recap: BSE Sensex, NSE Nifty50 ended previous session with modest gains Equity markets closed the previous session with only modest gains after a largely directionless session, highlighting the cautious approach investors were taking amid elevated geopolitical uncertainty and rising crude oil prices. BSE Sensex gained 43.27 points, or 0.06%, to settle at 78,542.44, … Read more