India Financial News

SIPs is currently at 9.2 crores. This is now almost 20% of the industry AUM. So, the culture of investing systematically and holding on such assets is well on its way,” says Hitesh Thakkar, Acting Chief Executive Officer, ITI Mutual Fund. In an interview with ETMarkets, Thakkar said: “Markets may likely continue to remain robust over the long run. More importantly the India story will play in the long term,” Edited excerpts: Equity flows almost doubled in May 2024. What could have led to the rise in the flows? Net equity inflows increased 83% to Rs 34,697 crore last month against Rs 18,917.1 crore in April, according to the data released by the Association of Mutual Funds in India on Monday.

Stock market today: The Indian stock market continued to move into a narrow range movement with a positive bias and ended higher on Friday last week. The Nifty 50 index gained 66 points and closed at 23,465, while the BSE Sensex surged 181 points and ended at 76,992.

bond traders have suffered spent nights over the past year amid wild swings in US rate expectations, but India's sovereign debt players have bonded with bonds on fears of missing out after Mint Road sought to decelerate the rate-increase drive, while JPMorgan gave local debt the recognition it deserves through its inclusion on a globally tracked gauge. In 2023, the value of total monthly trades in Indian government securities averaged ₹8.6 lakh crore, 40% higher than ₹ 6.2 lakh crore in the previous month, Clearing Corporation of India (CCIL) data showed. The uptick has continued in the current year, with the value of monthly trades from January to April at ₹8.7 lakh crore, the data — which counts April as the latest month — showed.

Global players such as hedge funds have tapped into the global networks of foreign banks in India to avail of an Offshore Derivative Instrument (ODI) referred to as a Total Return Swap and gain much-desired exposure to rupee-denominated debt as the foreign flows push down local bond yields.

«We expect market uptrend to continue next week supported by positive macro trends, expectation of sustained government spending and policy continuity, healthy monsoon and strong earnings,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Congress leader Pramod Tiwari lauded Rahul Gandhi's decision to retain the Rae Bareli Lok Sabha seat in Uttar Pradesh and called it the «right political decision.» Tiwari also thanked the Congress party and Rahul Gandhi for respecting the mandate of Uttar Pradesh. «I want to thank the national leadership of Congress and Rahul Gandhi. He (Rahul Gandhi) has taken the right political decision. Apart from this, he has also respected the mandate of Uttar Pradesh which gave 43 out of 80 seats to the INDIA alliance,» the senior Congress leader told ANI.

demerger process of Quess Corp, aimed at unlocking value at India's biggest third-party supplier of private-sector staffing needs, is likely to be completed in up to a year. The company may soon file an application with the National Company Law Tribunal (NCLT), Ajit Isaac, its chairman, told ET. «Re-rating of its businesses is one of the reasons for the demerger due to a simplified structure, as it allows each of these companies to focus better by providing greater capital allocation flexibility, improved market position, and other benefits,» Isaac said.

semiconductors and critical minerals during the meeting of the India-US initiative on Critical and Emerging Technology (iCET), led by Indian National Security Adviser Ajit Doval and his US counterpart Jake Sullivan in New Delhi. India and the US Monday launched a new strategic semiconductors partnership to co-develop semiconductor design and manufacturing processes for precision-guided ammunition. «Launching a new strategic semiconductor partnership between General Atomics and 3rdiTech to co-develop semiconductor design and manufacturing for precision-guided ammunition and other national security-focused electronics platforms,» read the fact sheet issued by the US and India.

Buy or sell stocks for today: The Indian stock market continued to move into a narrow range movement with a positive bias and ended higher on Friday last week. The Nifty 50 index gained 66 points and closed at 23,465, while the BSE Sensex surged 181 points and ended at 76,992.

Sensex rose 181.87 points to close at 76,992.77, while the Nifty 50 settled 66.70 points, or 0.29%, higher at 23,465.60. Indian stock market was closed on Monday, June 17, for Eid ul-Adha 2024.

Rahul Gandhi will retain Rae Bareli and we have decided that Priyanka ji will fight from Wayanad."Explaining why Rahul Gandhi chose Rae Bareli over Wayanad, Mallikarjun Kharge said the decision was emotional because the Gandhi family has been fighting from this seat for generations. “Rahul Gandhi will retain his Raebareli seat because Raebareli has been close to him from before, that (area) has great attachment to the family, they have been fighting (in elections) from there for generations," he said.Congress has won Rae Bareli 17 of 20 times the elections were held and Rahul Gandhi's mother Sonia has held the seat since 2004.

₹68,000 crore through initial public offers (IPOs), according to data from primedatabase.com. In the current fiscal year so far, seven issues have mopped up ₹19,455 crore, while another five are set to hit the markets in June. This follows a robust 2023-24 when 76 companies went public, raising ₹61,922 crore.

Sensex rose 181.87 points, or 0.24%, to close at 76,992.77, while the Nifty 50 settled 66.70 points, or 0.29%, higher at 23,465.60. Indian stock market was closed on Monday, June 17, on account of Eid ul-Adha 2024.

At least nine people have been killed and several dozens injured after a Kolkata-bound goods train rammed into Sealdah-bound passenger train Kanchanjunga Express from the rear in West Bengal’s Darjeeling district on Monday. The impact caused three of the passenger train’s compartments to derail, although two of them reportedly had goods, which may have helped limit the death toll.

₹50,000-60,000 crore, the two people said. LIC, India’s biggest insurer and the largest investor in its stock market, owns assets worth over ₹51 trillion. “For the formal asset sale process, a fresh valuation work for the LIC-owned buildings may be carried out," said the second person.

ixigo IPO: The listing date of the 'ixigo' brand parent company, Le Travenues Technology Limited, has been fixed on 18th June 2024, i.e. today.

NEW DELHI : Official statistics can sometimes seem at odds with ground realities. This is a debate usually confined to growth numbers, with the legitimacy of high growth often questioned on the basis of anecdotal evidence or an underlying data point. However, when it comes to inflation, it is no secret that the Consumer Price Index (CPI) needs a complete overhaul.

Dividend stocks: Shares of Bank of India, HDFC Asset Management Company Ltd, L&T Finance Ltd, and Tata Investment Corporation Ltd will be in focus when the stock market opens on June 18, Tuesday.The Board of Directors of the four companies had declared interim and final dividends for their eligible shareholders.These companies fixed June 18 as the record date to ascertain the eligibility of shareholders for their respective issues.Shares of Bank of India, HDFC Asset Management Company Ltd, L&T Finance Ltd, and Tata Investment Corporation Ltd will trade ex-dividend on Tuesday (June 18).Bank of India: The company declared a dividend of ₹2.80 per equity share for the financial year 2024.In a stock exchange filing, Bank of India said the Board of Directors “Recommended a dividend of Rs. 2.80 (i.e.

Mint, Srivastava said Apple’s developer outreach is enabling independent innovators.“Apple’s developer documentation is strong and simplified, and it is easy to build one app and seamlessly market it to all of iOS (for smartphone users), iPadOS (for tablet users) and macOS (for laptop users). As independent developers without vast resources, working on Apple’s developer ecosystem makes it easy to cater to a wider audience, which in turn can help us focus on creativity and simple use cases—rather than coding and debugging issues," Srivastava told Mint.At the other end of the table, developers being wooed by Google stand at a precarious juncture.

Coca-Cola India has sounded out the promoters of at least four top Indian business houses — including the Bhartia family that owns the Jubilant Group running the Domino's pizza chain, and the Burmans of Dabur — to sell a significant minority stake in its wholly owned bottling subsidiary, Hindustan Coca-Cola Beverages (HCCB), executives aware of the developments said. The Parekh family of Pidilite Industries, makers of the iconic adhesive brand Fevicol, M-Seal and Dr Fixit, and the promoter family of Asian Paints have also been approached for a potential $800 million to $1 billion investment via their respective family offices. Some of those approached are also exploring if they would route the proposed investments through one of their group companies. Jubilant Foodworks, India's largest food services company, for example is already in the consumer business and has the exclusive franchise for Domino's Pizza and Dunkin' Donuts and Popeyes in India. The company also owns the Domino's franchise in five other markets across Asia and has acquired Coffy, a leading coffee retailer of Turkey.

manga series, One Piece, has left fans eagerly awaiting the next installment. The previous chapter saw a thrilling battle between Zoro and Nusjuro, with the outcome leaving many questions unanswered. In this article, we'll provide an update on the release date and speculate on what to expect in the upcoming chapter, as per a Dexerto report. Chapter 1117 Recap