MUMBAI: Investors ignored a volatile stock market in July and doubled down with their investments in mutual funds during the month – mostly through equity schemes – surpassing several records. Monthly gross flows through the SIP route, monthly net equity flows and total assets managed by the fund industry, all recorded new peaks in July.At […]
Banks can take call on minimum balance, no RBI curbs: RBI Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra (File photo) MUMBAI: RBI Governor Sanjay Malhotra has said that the regulator has left it to individual banks to decide on the extent of minimum balance required and there was no regulatory restriction on that.“What kind of minimum balance required is left to the banks. Some of them have kept Rs […]
Adani expands aircraft MRO biz, buys Nagpur firm Indamer
NEW DELHI: The Adani Group has further expanded its presence in the maintenance, repair and overhaul (MRO) space. After acquiring Air Works, it has now bought another major MRO player in Nagpur.Adani Defence Systems and Technologies (ADSTL), through its joint venture Horizon Aero Solutions, has signed a definitive agreement to acquire a 100% stake in […]
Trade war: Will US impose tariffs on gold? Here’s what Donald Trump said
US President Donald Trump said on Monday that gold imports will not face additional tariffs, ending days of uncertainty that had rattled global bullion markets and sent futures prices to record highs.“Gold will not be Tariffed!” Trump said in a statement on his Truth Social account, without providing further details. His remarks followed confusion triggered […]
Norway-Israel investment exit: World’s biggest wealth fund pulls out of 11 firms over Gaza war concerns, cites ‘extraordinary circumstances’
Norway’s sovereign wealth fund — the world’s largest — has announced the sale of its holdings in 11 Israeli companies, citing the worsening humanitarian crisis in Gaza and the broader conflict in the region. Nicolai Tangen, chief of Norges Bank Investment Management (NBIM), which manages the fund, said the decision was taken “in response to […]
Mutual fund trends: Equity inflows hit record Rs 42,702 crore in July, sectoral funds lead, debt sees Rs 1.06 lakh crore revival
Mutual fund inflows hit fresh records in July, with equity schemes attracting Rs 42,702 crore — up 81% from June’s Rs 23,587 crore — and debt funds bouncing back with Rs 1.06 lakh crore after two months of withdrawals. In July 2024, equity inflows stood at Rs 37,113 crore.Sectoral and thematic schemes topped the equity […]
Property crisis continues! China South City ordered to liquidate by Hong Kong court; biggest since Evergrande
The execution of China South City’s liquidation may encounter difficulties regarding mainland asset seizure. (AI image) A Hong Kong High Court has issued a liquidation order for China South City Holdings Ltd., marking the largest Chinese construction company by assets to face winding up since China Evergrande Group.This court decision exemplifies the ongoing impact of […]
Nifty50, BSE Sensex show resilience: Why stock markets are not taking Donald Trump’s tariff threats ‘seriously’
The market sentiment improved after the announcement that Trump and Russian President Vladimir Putin will meet. (AI image) US President Donald Trump’s move to impose 50% tariffs on India doesn’t seem to have worried the Indian stock markets too much. In fact, BSE Sensex and Nifty50 have shown resilience in the face of the Trump […]
US chip policy: Nvidia, AMD agrees to share 15% China sales revenue with Washington; deal tied to AI export license
Nvidia and AMD have agreed to hand over 15% of their revenues from chip sales to China to the US government, a senior US official confirmed, according to the Associated Press. The arrangement is part of a deal allowing the companies to resume sales of specific artificial intelligence chips to the Chinese market.The revenue-sharing terms […]
IPO watch: BlueStone Jewellery issue subscribed 39% on debut; QIBs drive demand as retail stays steady
The initial public offering (IPO) of BlueStone Jewellery and Lifestyle Ltd, which sells contemporary jewellery under its flagship brand ‘BlueStone’, was subscribed 39% on the first day of bidding on Monday.According to NSE data, the three-day issue received bids for 63,89,570 shares against 1,65,14,421 shares on offer, reported PTI. The quota for qualified institutional buyers […]