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Subscribe to enjoy similar stories. Indian citizens are hesitatingly capitalist. Perhaps because of this, Indian politicians are unhesitatingly statist.

portfolio outflows and a decline in most Asian currencies weighed on the local unit. The rupee closed at 84.3850 against the U.S. dollar, nearly unchanged from its close of 84.3950 in the previous session.

IT stocks after Federal Reserve Chair Jerome Powell indicated that strong U.S. economic growth would delay interest rate cuts. The BSE Sensex fell 241 points, or 0.31%, to close at 77,339, while the NSE Nifty slid 79 points, or 0.34%, to finish at 23,453.

Maharashtra Assembly elections, the BJP on Monday launched a new ad campaign attacking the opposition Maha Vikas Aghadi (MVA) and urging people to "Say No to Congress." The campaign highlighted various incidents from the past, including the 26/11 Mumbai terror attacks, with headlines such as «26/11 Mumbai Terror Attack», «2003 Mumbai serial blasts», «Chronology of the 7/11 train bombing case», and «Death toll in Pune blast rises to 17.» It also referred to tragedies like the Gowari massacre and the Palghar Sadhu lynching, questioning the government's response. The campaign also focused on issues such as corruption, with the BJP mentioning the alleged black-marketing of Remdesivir by a Congress official, and allegations of financial mismanagement in the BMC.

Supreme Court on Monday junked a petition seeking an inquiry into the death of Netaji Subhash Chandra Bose. A bench comprising Justice Surya Kant and Justice Ujjal Bhuyan dismissed the public interest litigation, saying the top court is not a remedy for everything. «It's not the court's job to run the government,» the bench said. The apex court had earlier come down heavily on the petitioner, saying the plea contains «reckless and irresponsible allegations» against leaders who are no longer alive.

Nitin Gadkari on Monday slammed the Congress for launching loss-making ventures, neglecting villages and depriving the country of real development during its tenure in power. The country had suffered due to the «wrong policies and corrupt government,» the senior BJP leader said targeting the previous Congress-led dispensations in power. Gadkari lauded former prime minister Atal Bihari Vajpayee for strengthening the road infrastructure in the country. The Union Minister of Road Transport and Highways was addressing a public meeting at Sadak Arjuni in Gondia district while campaigning for NCP candidate Rajkumar Badole for the November 20 Maharashtra assembly polls.

Nathan Lyon believes that rival players often serve as the «best coaches», acknowledging that his Indian counterpart Ravichandran Ashwin has «taught» him a great deal through their faceoffs since 2011-12. Having made their Test debuts in the same year, Lyon and Ashwin will face each other for the eighth time in the longest format during the Border-Gavaskar Trophy five-Test series beginning in Perth on November 22. «Ash (Ashwin) is an incredible bowler. I've gone head-to-head with him for basically my whole career, so I've learned a lot from Ash,» Lyon told Fox Cricket. «He's an incredibly smart bowler, and he's able to learn and adapt very quickly, and I think the best bowlers in the world are able to do that. He used his skills to benefit himself and his team.

ICICI Pru Equity Minimum Variance Fund, Shriram Multi Sector Rotation Fund, and Bandhan Nifty 200 Quality 30 Index Fund are open for subscription. PGIM India Healthcare Fund, Franklin India Long Duration Fund, Mirae Asset Long Duration Fund, Edelweiss CRISIL IBX AAA Financial Services — Jan 2028 Index Fund, HDFC Nifty India Digital Index Fund, and Axis Momentum Fund will open for subscription later this week. Among these nine funds, three thematic funds, two index funds and long duration funds, one sectoral fund and a target maturity fund will open for subscription this week.

foreign institutional investors (FIIs) for the last one-and-half months which have resulted in an 8-9% correction in the Indian benchmark indices, the outflows are just about 1% of foreign ownership in the domestic equities. Moreover, the local markets are cushioned with 83% domestic ownership with tailwinds of strong retail appetite.

Rajasthan Royals (RR) is finalising their strategy for the upcoming IPL 2025 mega auction scheduled for November 24 and 25 in Jeddah. Having retained six key players, the team has Rs 41 crore remaining to complete its roster. The team is preparing for the 2025 Indian Premier League (IPL) auction with a limited budget and big decisions to make. RR has opted to retain their captain, Sanju Samson, along with Yashasvi Jaiswal, Riyan Parag, Dhruv Jurel, Shimron Hetmyer, and uncapped player Sandeep Sharma. This decision has been driven by a strategic approach outlined by the team management.

Real Estate Investment Trusts (REITs) have disbursed a total of Rs 2,754 crore to their unitholders in the first half of fiscal 2024, reflecting a 14% increase over the previous year's distribution, according to the Indian REITs Association (IRA). The total disbursement for H1 FY24 was split between four major listed REITs —Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. The funds were distributed to more than half a million unitholders, with the second quarter alone accounting for Rs 1,383 crore. Since their inception, Indian REITs have distributed over Rs 19,000 crore to investors, highlighting the sector's growing appeal in the country’s real estate market.

These adjustments are mandatory under Indian law and ensure that your financial activities are legally compliant. Additionally, aligning your accounts and investments with NRI regulations simplifies fund management, enhances repatriation flexibility, and helps avoid penalties. By proactively updating your banking and investments, you can enjoy the benefits of seamless global financial management while meeting regulatory requirements.

Produced by Renu Pitti and Kangana Ranaut under the Manikarnika Films banner, the film boasts a stellar cast, including Shreyas Talpade, Anupam Kher, Bhumika Chawla, and others, with Kangana Ranaut herself taking on a pivotal role. She will be stepping into the shoes of India's former Prime Minister Indira Gandhi. The music for Emergency has been composed by G.V. Prakash Kumar. Last month, Kangana announced that the Central Board of Film Certification (CBFC) had finally approved the film for release. In an October 17 post on X, she shared the news, expressing gratitude to her fans and supporters for their unwavering encouragement.

Aniruddha Naha, CIO-Alternates, PGIM India Asset Management, says this year is probably the year to build portfolios and not expect too much in terms of absolute returns. PGIM would cautiously continue to build portfolios over a period of time. But in the near term, we do not see the markets bouncing back in a large way. Naha further says that a 5-10% correction from here into capital goods would make it very interesting. Plus, there is reasonable value in largecap financials, especially on the lending side. There is also value in segments like textiles, chemicals and agrochemicals, which have been beaten down over the last three years. Healthcare is something they are very confident in. Given the fact that markets have declined more than 10% from their recent peak, with all the major events behind us, how are you reading into the current markets and do you expect a recovery anytime soon or do you expect the markets to continue to lag for the next six months? Aniruddha Naha: Our view is probably the worst of earnings is through.

Reportedly, there were a series of incidents that have caused rifts between senior party leaders, particularly Kailash Gahlot and other top AAP functionaries. The growing mistrust, sources claim, stemmed from Gahlot's increasing proximity to Delhi's Lieutenant Governor (LG) VK Saxena and his perceived shift away from the party’s central leadership.

For NRIs looking to tap into India's growth story, mutual funds present a highly favorable option. With their diversity, flexibility, and professional management, mutual funds offer a compelling investment avenue for NRIs who wish to benefit from India’s economic growth while minimizing the risks typically associated with direct stock market investments. Here’s why mutual funds stand out as the best investment vehicle for NRIs:

Indian economy in 2025. While the outlook remains optimistic, the report, authored by Radhika Rao Senior Economist, DBS Bank and Philip Wee, Senior FX Strategist, DBS Group, highlights both structural strengths and cyclical headwinds.

As a 27-year-old, Bivin Sonthalia already owns three apartments in Kolkata, two funded by him and the third bought jointly with his brother. He didn’t hit a lottery or get a windfall from stock options.