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Goa Institute of Management develops algorithm to tackle bias, collusion in e-commerce
"The developed algorithm ensures fairness by filtering based on...
FPIs pullout Rs 17741 cr from Indian equities in July
The recent selling pressure is largely due to the fresh reciprocal...
Sensex & Nifty may scale new high in coming weeks, FIIs invest Rs 2,030 crore in capital markets last week
"With government continuity now in place, we believe the market can look forward to further structural reforms, giving us more confidence in the earnings cycle. Macro stability with rising GDP growth relative to real rates should extend India's outperformance over...
Mutual funds industry adds 8.1 mn new investor accounts in Apr-May FY25
"As India's per capita income grows, investors will look to save money in asset classes, which have the potential to beat inflation and create wealth. As the penetration of mutual funds increases, this will translate into a higher folio base at the industry level,"...
Hyundai Motor India files for landmark IPO expected to surpass LIC’s record
The planned IPO is structured entirely as an offer for sale (OFS) involving 142,194,700 equity shares by Hyundai Motor Company, as detailed in the draft red herring prospectus (DRHP). Notably, there is no fresh issue component in this offering Mumbai: Hyundai Motor...
Mcap of five of top-10 most valued firms jumps Rs 85,582 cr; LIC biggest gainer
The valuation of LIC jumped Rs 46,425.48 crore to Rs 6,74,877.25 crore, the most among the top-10 firms. Mumbai: Five of the top-10 most valued firms together added Rs 85,582.21 crore in market valuation last week, with Life Insurance Corporation of India (LIC)...
Only 29% elderly people have access to social security schemes like Pensions, PF: Study
Health insurance coverage is limited to 31 per cent of the elderly New Delhi: Only 29 per cent elderly people reported to have access to social security schemes, such as old-age pensions or provident funds, according to a study by the NGO HelpAge. A similar proportion...
Extreme heat causes income loss for 50% of Delhi street vendors: Study
"Data from over 700 respondents highlight the devastating impact on their health, productivity, and livelihoods. We demand immediate government intervention, including the establishment of heat shelters in markets with essential facilities, safety kits, and...
Household consumption expenditure jumps in India as incomes rise
In absolute terms, the monthly per capita consumption expenditure in the country’s rural areas shot up to Rs 2,008 in 2022-23 from Rs 1,430 in 2011-12 Urban India also recorded a robust gain of 33 per cent with per capita household consumption expenditure rising to Rs...
Domestic passenger vehicle sales rise 4% in May to 347,492 units: SIAM
Moreover, the two-wheeler segment saw a notable 10% rise in sales, reaching 16,20,084 units in May, compared to 14,71,550 units in the same period last year New Delhi: India's passenger vehicle wholesales experienced a 4% year-on-year growth in May 2023, totaling...
Retail car sales drop in May as elections, weather delay purchases in May 2024, says FADA
Sales of passenger vehicles – hatches, sedans and SUVs – by manufacturers to dealers have risen to record high levels over the last two years in India and are estimated to hit new all-time highs in the financial year 2025 as well BENGALURU: Retail sales of cars in...
Equity mutual fund inflow swells to Rs 34,697 cr in May; SIP at new high of Rs 20,904 cr
Overall, the mutual fund industry has witnessed an inflow of Rs 1.1 lakh crore in the month under review as compared to Rs 2.4 lakh crore in April. The inflow was due to investment in equity as well as debt schemes. With these inflows, the industry's net assets under...