The net assets under management (AUM) of the Indian mutual fund industry surged to cross Rs 65 lakh crore mark for the first time in August, data from the Association of Mutual Funds of India (AMFI) showed on Tuesday. Equity funds saw Rs 38,239 crore inflows in August, a 3.03 per cent growth from Rs … Read more
Indian equity indices closed in the green on Tuesday due to a rally in the IT stocks. At closing, Sensex was up 361 points or 0.44 per cent at 81,921 and Nifty was up 104 points or 0.42 per cent at 25,041. Buying was also seen in the midcap and large-cap stocks. Nifty midcap 100 … Read more
Exports by the Indian agrochemical industry have witnessed commendable growth in recent times and are likely to cross Rs 80,000 crore in the next four years, according to a new report. The ‘Make in India’ initiative provides a timely framework to transform challenges into opportunities, enabling India to become a global manufacturing and export hub … Read more
The employment outlook in India is the strongest worldwide for the October-December period (Q4 2024), showing significant improvement of 7 per cent compared to the ongoing July-September quarter (Q3), a report showed on Tuesday. Employers across all sectors report net positive hiring intentions for the festive quarter, with financial and real estate industry having the … Read more
The domestic automotive industry has crossed Rs 20 lakh crore mark in FY24 and has the potential to be worth $1.6 trillion (about Rs 134 lakh crore) by 2047, driven by electric vehicles (EVs), according to industry leaders. The automotive industry in the country is poised to be one of the key growth engines in … Read more
Indian rupee weakened against the US dollar on Tuesday driven by firm American currency and a surge in US treasury yields ahead of US inflation numbers this week, while foreign fund outflows has also dented rupee sentiment. Foreign Institutional Investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs … Read more
More than 250 companies from 24 countries are set to participate in the ‘Semicon India 2024’ event in Greater Noida from September 11-13, showing the country’s growing presence in this critical sector, the government has said. According to the Ministry of Electronics and IT, these companies span the entire semiconductor supply chain, from equipment manufacturers … Read more
Kia has ranked first among automotive brands operating in India in terms of overall customer experience, the South Korean company said on Tuesday, citing local industry data. Toyota and Tata Motors came in second and third, with 45.83 per cent and 44.35 per cent, respectively. According to Kia, the company ranked first, with a score … Read more
Finance Minister Nirmala Sitharaman on Monday informed that revenue from online gaming has increased 412 per cent, reaching Rs 6,909 crore in six months, from the increased levy on the sector. Addressing a press conference after the 54th GST Council meeting, the Finance Minister said revenues of casinos have "jumped by 30 per cent". "For … Read more
Retail inflation for industrial workers moderated to 2.15 per cent in the month of July, as compared to 7.54 per cent in the same month last year, according to the latest data released by the Labour Ministry on Monday. The year-on-year inflation for June 2024 was 3.67 per cent as compared to 5.57 per cent … Read more