Mobile data costs have fallen by more than 97% since 2014, while internet connections have crossed 105 crore, and broadband subscriptions are nearing the 100-crore mark. India’s mobile data costs have fallen by more than 97% over the past decade, helping drive a sharp expansion in internet access and digital connectivity across the country. The…
Equity inflows slowed, gold ETFs saw outflows and debt funds reversed course. Here’s what AMFI’s May data reveals. Equity mutual fund inflows fell 40 percent to Rs 22,908 crore in May, down from Rs 38,440 crore in April, according to monthly data released by the Association of Mutual Funds in India (AMFI). Even with…
The Rajesh Exports-Sebi case has renewed attention on Canara Bank’s ₹509-crore exposure and the trade-finance transactions that linked the company to its Swiss subsidiary The dispute between Rajesh Exports Ltd and Canara Bank has drawn attention to a trade-finance arrangement that left the lender with an outstanding exposure of about ₹509 crore. At the…
This comes after ICICI Pru AMC, Nippon India MF and HDFC AMC made these announcements. Moneycontrol has also exclusively reported that Kotak AMC and ABSL AMC are also in the process of announcing the same. Two more major fund houses, Axis Mutual Fund and Tata Mutual Fund, have announced temporary restrictions on fresh subscriptions in…
At 11:29 AM on Friday, the BSE India Defence index was the top gainer among thematic indices up 1 per cent as compared to 0.11 per cent rise in the BSE Sensex. Defence companies share price movement Shares of defence companies were in demand and rallied up to 12 per cent on the…
Nishchal Jain, Quant Researcher at Share.Market by PhonePe sees Vodafone Idea stock crossing the ₹20-mark as a viable option; but cautions against short-term volatility owing to overbought conditions. Vodafone Idea stock has crossed the ₹15-mark after a gap of nearly 21 months on the NSE. The stock now trades at its highest-level since early…
As per news reports, the Union Cabinet is expected to consider proposals as early as this week that could significantly reduce the tax burden on foreign funds investing in Indian bonds. India is preparing a fresh set of measures aimed at attracting overseas capital, including tax relief for foreign investors and easier access to government…
Through its maiden share sale, CMR Green Technologies aims to mobilise ₹630.88 crore via an entirely offer-for-sale (OFS) of 32.9 million equity shares The prolonged dry spell in India’s mainboard primary markets appears set to end with the initial public offering (IPO) of non-ferrous metal recycler and secondary aluminium player CMR Green Technologies, scheduled to…
LIC shares have been caught in an uptrend, rising for three straight sessions, following a strong set of earnings last week and the announcement of the bonus record date for its 1:1 issue. The PSU stock rose over 2% on Tuesday, taking its three-day rise to 7%. The record date for first-ever bonus issue by…
Adani Power’s market cap now stands at Rs 4.77 lakh crore, while Infosys ranks at the 12th position with a market cap of Rs 4.69 lakh crore. Adani Power has surpassed IT major Infosys in terms of market capitalisation to become the 11th most valued firm in the Indian stock market. Adani Power’s market cap…