India Financial News

Gold prices held steady in early Asian hours on Monday, buoyed by data that showed inflation in the U.S. subsided, boosting hopes that the Federal Reserve will start cutting interest rates this year. FUNDAMENTALS

Mahayuti coalition government in Maharashtra marks the anniversary of the completion of two years, Maharashtra Chief Minister Eknath Shinde said on Sunday that in the last two years, the Mahayuti government has done a lot of work, whether it is about roads or metros.

new criminal laws come into effect today, posters about them have been put up in various police stations to create awareness among the people.

developer of dubious reputation, the former residents are regretting their decision. Mismanagement by the developer has brought the entire project to a standstill. Danish Patel, a 58-year-old resident, laments, “The developer went out of his way to pitch for our society’s redevelopment when others were showing limited interest. However, he abandoned the project midway when it became unviable for him due to his own mismanagement.”

health insurance, both deductible and co-payment refer to the share of money you pay from your pocket before the policy comes into effect, but these differ in terms of execution. Both make for financially useful tools as these help reduce the premium, but remember that it is beneficial only as long as you don’t make a claim since you end up increasing your out-of-pocket expenses while paying the bill.

Mutual fund investors have been jolted by the news that Quant Mutual Fund is under investigation by the Securities and Exchange Board of India (Sebi). The regulatory body has observed trading patterns that suggest front-running by someone associated with the fund. The Asset Management Company (AMC) has issued a pro forma statement, confirming the news and promising full cooperation with the probe.

developers, housing societies are increasingly turning to self-redevelopment. This involves residents hiring a contractor and project management consultant, excluding builders. Selfredevelopment offers clear advantages: any surplus from selling additional inventory stays within the society and is distributed among members. “The major advantage is that society members reap the benefits of the property’s potential rather than the builder,” says Anuj Puri, Chairman of ANAROCK Group. By securing additional FSI directly, the society gains up to 25-30% more carpet area, compared to the typical 10-15% offered by builders. Moreover, the society controls every aspect of redevelopment. “Societies have more say in design, amenities and construction quality,” points out Swapnil Anil, Executive Director & Head, Advisory Services, Colliers India. They can also choose new members for the free-sale area.

mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

Equity markets clocked gains for the third consecutive week, continuing their upward trajectory as Nifty made new highs. The index, however, came under pressure at higher levels due to some profit booking. «We expect this positive momentum to continue at a steady pace with stock-specific action. However, the release of economic data points next week would keep a little volatility in the market. Sector like Auto is expected to be in the limelight as OEMs would release their monthly auto Sales number,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

PSBs) have a higher rate of technical decline in their unified payments interface (UPI) systems when compared with private lenders, according to data from the National Payments Corporation of India (NPCI). Central Bank of India and Bank of Maharashtra are among the PSBs clocking technical declines of more than 1% in their UPI systems since January this year.

quick commerce companies saw an upto 40%-50% uptick in sales and revenues on Saturday nightthanks to the T20 World Cup final and India's victory against South Africa.

T20 World Cup final on Saturday, a 1,000-strong audience cheered for esports champions at the Battleground Mobile India (BGMI) series event at Hyderabad. This signifies the increasing popularity of such pursuits even in a cricket-crazy nation like India.

electoral bonds to make political donations potentially face questions from tax authorities on deductions that were made on these contributions with the Supreme Court having scrapped the scheme in February. A few companies have already received notices for deductions claimed for political contributions made through electoral bonds, people familiar with the development told ET.

Venkaiah Garu’s career exemplifies his unique ability to navigate the complexities of Indian politics with ease and humility. His eloquence, wit and steadfast focus on developmental issues have earned him respect across party lines.

T20 World Cup has skyrocketed to billions and could well breach the Indian Premier League's brand value. According to investment bank Houlihan Lokey, IPL is worth $16.4 billion.

South Africa did not choke.

Axis Bank may have cleaned up its bad loans and reoriented the business, but it has a long way to go in terms of market share and dominance in various segments, says chief executive Amitabh Chaudhry. The Reserve Bank of India would only tighten and not loosen regulations given the threats from technology and weak lending practices, Chaudhry tells ET. Edited excerpts:

inflation, incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay reversal of the rate cycle by the Reserve Bank of India (RBI).

garu turns 75. This is an occasion to celebrate a leader whose life journey showcases dedication, adaptability and an unwavering commitment to public service. From his early days in the political arena to his tenure as vice president, Naidu’s career exemplifies his unique ability to navigate the complexities of Indian politics with ease and humility.

Demon Slayer Season 4 just aired. In India, JioCinema released it on Sunday (June 30) while on Netflix it will drop on July 1.

ICC T20 World Cup only because of Jasprit Bumrah.