Over the last 12 months, the Indian primary markets have seen FII...
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MF equity investments double in November to Rs 43,465 crore
The strong domestic investment trend comes at a time when the...
RBI trims policy interest rate by 25bps to 5.25pc, sets higher growth rate at 7.3% for FY 26
The Indian economy is facing a "rare goldilocks" period. Since...
FIIs continue to be net seller, sold equity worth Rs 28,671 cr
In the first fortnight of August, FIIs were big sellers in financials in the country. Selling was witnessed in many other sectors, including metals on fears that economic slowdown in US and China will keep metal prices soft Mumbai: According to the National Securities...
US Fed Chair Powell says ‘time has come’ for policy adjustment, hints at rate cut
US Federal Reserve Chair Jerome Powell Speculation has abounded over the possibility of a rate cut at the rate-setting Federal Open Market Committee (FOMC) meeting slated for Sept. 17-18. After last month's FOMC meeting, Powell said a rate cut could be "on the table"...
India sees surge in super-luxury car sales amid ‘generational mindset’ shift
Industry experts say that 1,200-1,300 luxury cars are likely to be sold in the Indian market this year. In 2023, sales more than doubled to 1,000 units in the top-end car segment New Delhi: The shifting 'generational mindset' in India is fuelling the growth in luxury...
Identify high-value cash transactions at hotels, hospitals; pursue arrear demands: CBDT to I-T dept
Senior IT officials told that transactions over Rs 2 lakh in cash were required to be reported through a statement of financial transaction (SFT) by financial institutions but that was not happening. The department identified some of the businesses, such as hotels,...
Investors’ wealth declines Rs 4.52 lakh cr as markets plunge
Foreign Institutional Investors (FIIs) again turned sellers on Monday as they offloaded equities worth Rs 4,680.51 crore after a day's breather, according to exchange data New Delhi: Equity investors became poorer by Rs 4.52 lakh crore Tuesday as markets plunged due...
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...