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Benchmark equity indices fell in early trade on Tuesday despite a firm beginning as investors preferred to remain on the sidelines ahead of the key events — RBI’s monetary policy and the US inflation data — due later this week. Continuous foreign fund outflows played spoilsport for the domestic markets. In early trade, the 30-share […]

The rupee gained 5 paise to close at 82.76 (provisional) against the US dollar on Monday, tracking positive domestic equities. However, sustained foreign fund outflows and a stronger American currency in the overseas market dented investor sentiments, forex traders said. At the interbank foreign exchange market, the local unit opened at 82.73 against the US […]

The RBI interest rate decision, industrial production data for June and the ongoing quarterly earnings from corporates would largely drive the stock markets this week, analysts said. Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, they added. “The market […]

With the introduction of the merchandise collection, the brand aims to provide its customers with a means to not only embrace the electric revolution through motorcycles but also to wear and display the brand’s ethos and values. The collection features sleek and contemporary designs that align with Revolt’s cutting-edge image, offering t-shirts, hoodies, jackets, jeans, […]

Amid the bearish undercurrent, the inflow into equity mutual fund schemes has been steadily declining, while benchmark indices continue to reach new highs. This trend is driven by investors’ growing preference for direct investment in individual stocks. The net equity inflow touched a new peak of ₹1.64-lakh crore in FY22 after registering an outflow of […]

Kotak Funds – India Midcap Fund (the fund), a UCITS fund domiciled in Luxembourg, managed by Kotak Mahindra Asset Management (Singapore) Pte. Ltd. (subsidiary of Kotak Mahindra Bank Limited), has crossed the $2.5-billion AUM (Assets Under Management) mark. With a proven track record spanning over 13 years, the fund has generated returns of 13.37 per […]

Equity benchmark indices Sensex and Nifty snapped their three-session losing streak to close nearly 1 per cent higher on Friday, buoyed by gains in HDFC Bank, Reliance Industries and Infosys amid a largely firm trend in global markets. After three days of decline, the 30-share BSE Sensex climbed 480.57 points or 0.74 per cent to […]

S&P Global, a NYSE-listed data, research and analytics firms, sees India growing at an average 6.7 per cent for the next eight years, catapulting GDP to $6.7 trillion in fiscal 2030-31 from $3.4 trillion in 2022-23. It also sees per capita GDP rising to about $4,500. Capital accumulation will be the dominant driver of Indian […]

The rupee depreciated 5 paise to 82.72 against the US dollar in early trade on Thursday as a negative trend in domestic equities and firm crude oil prices weighed on investor sentiments. Sustained foreign fund outflows, strength of the American currency in the overseas market further dented sentiments, forex traders said. At the interbank foreign […]

India’s import of Ural crude oil hit a new high in July as Indian refiners, particularly State-run oil marketing companies (OMCs), stocked up on the grade fearing supply disruptions during August and September as Russia limits exports to shore up prices and meet domestic demand. According to energy intelligence firm Vortexa, Indian refiners imported around […]