The Indian mutual fund industry has surged to ₹85.76 lakh crore by July 2026, with millennials driving the trend towards equities. Over the past five years, equity fund assets have increased by 227%, highlighting the shift from traditional deposits to mutual fund investments. Mutual funds have become a preferred investment choice for Indian retail investors…
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…
Bharat Electronics Ltd. (BEL) announced a new order worth ₹847 crore, prompting investor interest. This follows a previous ₹572 crore order in July and a significant ₹1,081 crore order in June. Despite recent orders, BEL shares faced a decline in 2026. Shares of Navratna defence PSU Bharat Electronics Ltd. (BEL) are likely to remain on…
Vedanta announced the demerger of its surplus real estate assets into a new entity, Vedanta Property Platforms Ltd (VPPL). Vedanta Ltd on Thursday reported a 71.84 per cent year-on-year (YoY) rise in consolidated net profit attributable to owners at Rs 5,473 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with Rs…
Manipal Health Enterprises’ IPO saw a sluggish start, being subscribed 0.15 times on Day 1, with retail and non-institutional portions lagging. The company raised ₹4,167 crore from anchor investors. The total issue size is ₹9,275 crore, with shares listing on August 5. Manipal Health Enterprises, which operates one of India’s largest networks of multi-specialty…