This growth, according to the Goldman Sachs report, will translate...
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DII buying in India surpasses Rs 5 lakh crore mark for 2nd consecutive year
Provisional NSE data indicates that mutual funds, banks, insurers,...
Stock market decline wipes out Rs 11.21 lakh cr from investors’ wealth in 3 days
"The Sensex ended Friday's trade on a subdued note, slipping 270.92...
Banks should focus on their core business, bring innovative products to mobilise deposits: FM
In order to overcome the mismatch between deposits and lending, Sitharaman asked banks to come up with "innovative and attractive" deposit schemes to mobilise funds from the people,Nirmala Sitharaman , Finance minister Mumbai: Finance Minister Nirmala Sitharaman on...
SIP flows touch a record high of Rs 23,322 crores in July
Contributions to systematic investment plans (SIPs) also touched a record high of Rs 23,322 crores in July, hitting an all-time high for the thirteenth consecutive month.Equity mutual funds reported net inflows aggregating to Rs 6.36 trillion from domestic investors...
NSE adds 1 crore investors in 5 months, total goes up to 10 crore
The investor base has seen more than 3-time jump in the last five years, facilitated by rapid growth in digitisation, rising investor awareness, financial inclusion and sustained market performance New Delhi: The National Stock Exchange (NSE) on Thursday said its...
Household savings moving towards alternative investment avenues: RBI
Alternative investment avenues are becoming more attractive to retail customers and as a result banks are facing challenges on the funding front with deposits trailing loan growth,RBI Governor Shaktikanta Das Referring to the recent incidence of unprecedented IT...
RBI holds rates again; focused on bringing down inflation to target
Shaktikanta Das, Governor, Reserve Bank of India Resilient and steady economic growth in India is allowing the central bank to focus on bringing inflation down towards its 4% medium term target, said RBI Governor Shaktikanta Das, emphasising that price stability is...
Global selloff: Sensex and Nifty nosedive, Investors’ wealth eroded by Rs 17.11 lakh crore
Global markets were in the deep red on Monday as the US economic slowdown weighed heavily on the financial markets Mumbai: Equity market benchmark indices Sensex and Nifty crashed over 3 per cent each on Monday in line with extremely weak trends in global markets amid...
FPIs invest Rs 32,365 cr in equities in July on continued policy reforms
According to the data with the depositories, Foreign Portfolio Investors (FPIs) have made a net inflow of Rs 32,365 crore in equities in July. This came following an inflow Rs 26,565 crore in June driven by political stability and the sharp rebound in markets Before...
World’s richest lose $134 billion in stock slump, led by Amazon’s Bezos
Jeff Bezos, founder,Amazon Investors have also become jittery over fears that this year’s AI-fueled gains are overdone or the market is too concentrated Jeff Bezos’s net worth shrank by $15.2 billion Friday, leading a wide-ranging slump that erased $134 billion from...
India may take 75 years to reach one-quarter of US income per capita: World Bank
The road ahead has even stiffer challenges than those seen in the past: rapidly ageing populations and burgeoning debt, fierce geopolitical and trade frictions, and the growing difficulty of speeding up economic progress without fouling the environment, said the...
New record of over 7.28 cr income-tax returns filed: Tax dept
"Out of the total ITRs of 7.28 crore filed for AY 2024-25, 5.27 crore have been filed in the new tax regime compared to 2.01 crore ITRs filed in the Old Tax Regime," the tax department said in a statemen NEW DELHI: A new record of over 7.28 crore income tax returns...