Artificial intelligence (AI) will be a major driver of economic growth in the Asia-Pacific region as AI-related spending is projected to grow 1.7 times faster than overall digital technology investments over the next three years, according to a new report. This surge is expected to generate a projected $1.6 trillion economic impact by the end … Read more
The FIIs as per Friday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 11632.34 crore against gross selling of Rs 17267.79 crore. Thus, FIIs stood as net sellers of Rs 5635.45 crore in equities. In the debt … Read more
Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Food prices, which make up nearly half of the inflation basket, likely increased at … Read more
The Life Insurance Corporation (LIC), the country's largest insurer, on Friday reported a standalone net profit of Rs 7,621 crore for the July-September quarter (Q2) of the current financial year, which is 4 per cent lower than the corresponding figure of Rs 7,925 crore for the same quarter last year, according to a regulatory filing … Read more
India's foreign exchange reserves fell by $2.6 billion to $682.13 billion as of November 1, data released by the Reserve Bank of India (RBI) showed on Friday. However, gold reserves, which form part of the foreign exchange kitty, increased by $1.2 billion to $69.8 billion during the week, according to the central bank. There has … Read more
Domestic financial conditions in India are in the comfort zone despite foreign portfolio investor (FPI) outflows, according to a Crisil report on Friday. After record-high FPI inflows in September, October logged the highest post-pandemic outflows. “Yet, this did not significantly drag India’s financial conditions,” showed Crisil’s Financial Conditions Index (FCI). The FCI — which is … Read more
Food Corporation of India (FCI) and state agencies have procured 120.67 lakh metric tonne (LMT) paddy in Punjab during the ongoing kharif marketing season (KMS) 2024-2025 (as of November 8) worth Rs 27,995 crore, the government said on Saturday. A total quantity of 126.67 LMT of paddy arrived in the Punjab mandis as of November … Read more
The Indian startup ecosystem raised more than $138 million this week which includes three growth-stage funding and 20 early-stage deals. At least 25 domestic startups raised nearly $138.7 million in funding. Fintech and deeptech startups led the rounds, with $50 million funding in two deals. Fintech startup Easy Home Finance raised $35 million in … Read more
Debt mutual funds are an essential part of a balanced portfolio, providing relatively stable returns compared to equity funds. However, selecting the right debt fund involves more than just looking at returns. Various factors like credit risk, duration, and expense ratios play a significant role in shaping the performance and risk profile of the fund. … Read more
Indian micro, small, and medium enterprises (MSMEs) are providing 21 crore jobs while making a major contribution to the economy and exports across sectors, and no MSME will be left behind by the government, Finance Minister Nirmala Sitharaman said here on Saturday. Addressing the ‘National MSME Cluster Outreach Programme’, the Finance Minister said that under … Read more