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…
According to the proposals, GST on four-wheeled EVs priced between Rs 20 lakh and Rs 40 lakh will be raised from 5% to 18%, while EVs costing more than Rs 40 lakh will face a jump from 5% to 28%. Only electric buses will continue to enjoy the existing 5% concessional rate. The GoM argued…
Moody’s Ratings on Wednesday revised its forecast for India’s GDP growth downward from 6.6 per cent in February to a lower range of 5.5 to 6.5 per cent for calendar year 2025 amid a raft of new US tariffs. The rating agency’s report on tariffs and trade turmoil said that the tariffs will weigh…