The fund, according to the AMC, is designed to deliver FD-plus returns with low volatility, combining equity, debt and derivatives. The fund’s derivative strategies will operate within a universe of the nearly 200 F&O stocks, primarily large- and mid-cap names, selected for strong fundamentals and liquidity. SBI Mutual Fund has launched Magnum Hybrid Long…
From April 2000-2025, India’s total overseas direct investment in Israel amounted to $443 mn, while Israel’s foreign direct investment in India reached $334.2 mn between April 2000 and March 2025 The investment treaty was signed between the Finance Minister Nirmala Sitharaman and her Israeli counterpart, Bezalel Smotrich. India and Israel on Monday signed a Bilateral…
The resolution has been considered as duly passed with the requisite majority, as mentioned in the postal ballot notice, a regulatory filing stated Adani Power on Friday (September 5, 2025) said it has received shareholders’ approval for a stock split in the ratio of 1:5 through a postal ballot notice issued on August 1,…
Spot gold was up 0.7% at $3,469.84 per ounce by 1049 GMT, its highest since April 22 when it touched a record-high of $3,500.05 The US dollar was trading near its lowest since July 28 against rivals, making greenback-priced bullion cheaper for overseas buyers. Gold hit a more than four-month high on Monday to…
According to analysts, Nifty’s breach of its medium-term support at the 100-day EMA around 24,600 signals that the bears could remain in charge of Dalal Street for some time ahead. Nifty 50 technical outlook: As the additional 25% tariff imposed by US President Donald Trump on India came into effect, the Indian stock market went…
The use of TREPS is becoming increasingly widespread, and as per PrimeMFDatabase, 89.71 percent of equity schemes had exposure to cash equivalents like TREPS, CBLO (Collateralized Borrowing and Lending Obligation), or reverse repos in July. In just two months, 18 additional equity schemes have begun using these instruments to manage cash positions. Mutual Funds…
Under the Bill, no bank or financial institution will be allowed to permit transfer of funds for online money gaming. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Online Gaming Bill, which makes online betting a punishable offence. Sources told Business Today TV that the government will ban all “money-based…
Check how much you need to maintain in HDFC, SBI, Kotak Mahindra, among other private and public sector banks’ savings accounts amid ICICI Bank’s move to hike its minimum balance requirement to ₹50,000/month for its metro and urban branches. Minimum balance rule in banks: Banks in India have different slabs of monthly account balance…
The Adani Group is exploring a tieup with Chinese EV giant BYD Co. that would allow billionaire Gautam Adani’s conglomerate to manufacture batteries in India and extend its push into clean energy, according to people familiar with the matter. Adani is personally heading discussions with BYD executives, which have taken place as recently as…
India’s largest IT services firm, TCS, plans to lay off 12,261 employees—around 2% of its global workforce—this year. TCS will reduce workforce by 2% or 12,261 employees primarily in middle and senior grades Layoffs are skill and capability based, not driven by AI productivity gains IT Ministry is monitoring and emphasising employment growth and skilling…