The overall mutual fund industry’s assets under management rose 4.3 percent month-on-month to a record Rs 85.8 lakh crore in July. Equity AUM, including ELSS and index funds, increased 2.7 percent to Rs 41.8 lakh crore, helped by the rise in market indices and equity scheme sales. Mutual funds increased their allocation to technology,…
Various countries, including the United States, enforce regulations on foreign monetary inflows, the Ministry of External Affairs (MEA) said. India on Friday responded to a remark made by a US lawmaker on the proposed Foreign Contribution (Regulation) Amendment (FCRA) Bill, stating that the matter is India’s ‘internal affair.’ Various countries including the United States, enforce…
LIC posted a 23% rise in June-quarter net profit to ₹13,492 crore, driven by higher premium income and an improvement in its solvency ratio Life Insurance Corporation of India (LIC) on Thursday posted a 23 per cent increase in net profit to ₹13,492 crore in the first quarter of the ongoing financial year. The country’s…
The RBI has kept the repo rate unchanged at 5.25% while raising its FY27 growth forecast and trimming its inflation estimate. Here’s why salaried employees shouldn’t expect lower EMIs, cheaper loans or sharply lower FD rates just yet. The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25% for the…
Bharti Airtel announced its Q1FY27 earnings, reporting a 37% rise in net profit to ₹8,167 crore and an 18.3% increase in revenue to ₹58,539 crore, compared to the previous year. Bharti Airtel Q1 results: Telecom major Bharti Airtel posted its earnings for the quarter ended June 2026 (Q1FY27) on Tuesday, 8 August, after market hours.…
According to Sebi, the Closing Auction Session is designed to ensure a fair and transparent closing price through an auction mechanism instead of relying solely on the earlier methodology (Volume Weighted Average Price or VWAP). The Securities and Exchange Board of India’s (Sebi’s) revised trading framework came into effect on August 3, introducing a Closing…