Record News

As part of reforms in the general insurance business especially post de-notification of all the tariffs and policy wordings, the Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular, which among major things has stated on claim rejections.

India’s mutual fund industry has witnessed remarkable growth, with assets nearing the 60-trillion rupee mark in May. The Association of Mutual Funds in India (AMFI) reported that the total assets under management (AUM) reached 58.6 trillion rupees ($701.90 billion), showcasing the fastest rise on record. This surge, adding 10 trillion rupees in less than a year, underscores the growing investor confidence and the resilience of the Indian financial market.

SBI Mutual Fund, the country’s largest fund house, has become the first mutual fund house in India to surpass Rs 10 lakh crore of Average Asset Under Management (AAUM).

Canadians who are self-employed must file their 2023 income tax and benefit returns by Monday, June 17.

Bitcoin's price (BTC) rose to nearly $70,000 Wednesday as investors cheered better-than-expected inflation data for May that raised hopes of a rate cut by the U.S. Federal Reserve.

₹2 trillion in market capitalization today, propelling the total to a record ₹429 trillion."Most ministers retaining their portfolios signals policy continuity," remarked Manish Sonthalia, CIO, Emkay Investment Managers. This suggests that pending tasks from the second term will be addressed in the third term, with the countdown to the first 100 days and the upcoming budget already underway, he said."On top of that, what's fuelling this rally to new heights is the fear of missing out (Fomo) buying," believes Sonthalia.

Gold and silver prices today on 12-06-2024: Check latest rates in your cityInvestors have flocked to the precious metal, driven by expectations of monetary easing, geopolitical tensions in Europe and the Middle East, and significant central bank purchases, particularly by China.Spot gold is currently trading around $2,300 per ounce after reaching a record high of $2,449.89 on May 20, marking a gain of more than 11 per cent so far this year.“Commodities are broadly stuck in a range and trading flat, as we look ahead to the U.S. CPI numbers and the Federal Reserve’s policy meeting outcome later in the day.

In the last twenty-four months, the Bitcoin ecosystem has seen more development than the previous fifteen years. This development has bolstered Bitcoin’s most accepted current use-case, as an alternative store of value independent of the traditional financial system, by increasing its usability as a peer-to-peer payment network. Ultimately, the goal of Bitcoin, since its creation by Satoshi Nakamoto, is to become a global currency. While these technical advances have brought us closer to this goal, in order for Bitcoin to achieve this global status, there are still many technical developments required. This article aims at providing an overview of the current developer or builder ecosystem as well as exploring the current and potential markets that will arise from these new implementations.

QCP Capital has expressed optimism regarding market sentiment, citing several factors that indicate a potentially bullish outlook for the market.

Danish authorities have issued a recall for several spicy ramen noodle products from South Korean company Samyang due to safety concerns. Reports indicate that these noodles contain dangerously high levels of capsaicin, a compound found in chili peppers. This move comes amidst a growing trend in the popularity of Korean noodles, raising concerns about their safety for consumption.

Nestle India on Wednesday said it has changed the record date for the payment of the final dividend to July 16 from July 15 earlier. Earlier, the company's Board had recommended a final dividend of Rs 8.5 per for the fifteen months ending March 2024. The record date will determine who will be eligible to receive the said dividend payment.

Arvind Kejriwal's aide Bibhav Kumar has approached the Delhi High Court seeking regular bail in the case of alleged assault on AAP Rajya Sabha MP Swati Maliwal. The bail plea is likely to be listed for hearing before a vacation bench of the high court on June 14.

Mumbai Police on Wednesday recorded statements of Bollywood star Salman Khan and his actor brother Arbaaz Khan in connection with the incident of firing outside the family's residence here in April, an official said. A four-member crime branch team visited Galaxy Apartments in Bandra where the family lives, he said.

Nasdaq touching fresh record highs on Wednesday after benign consumer prices data reassured investors inflation was cooling, boosting hopes for rate cuts from the Federal Reserve later this year. The S&P 500 was 0.9% higher in early trading Wednesday. The Dow Jones Industrial Average was up 362 points, and the Nasdaq composite was 1.1% higher.

CAZ Investments Chief Investment Officer Christopher Zook weighs in on the Fed's handling of the economy as rate cut expectations plummet, Japan's Yen and tech earnings.

Bengaluru: The Criminal Investigation Department (CID) has issued a notice to senior BJP leader and former Karnataka Chief Minister B S Yediyurappa to appear before its probe team for an inquiry in connection with a POCSO case registered against him, police sources said on Wednesday. Yediyurappa is presently in Delhi, and he is likely to join the probe after he returns, sources close to him said.

The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of electric vehicles, the U.S. Treasury Department and Internal Revenue Service said Wednesday.

Praj Industries, a leading global biotechnology and engineering company, extended their winning streak for the fifth consecutive trading session on Wednesday as the stock spiked another 6.5% to hit a new record high of ₹658 apiece, surpassing its November 2023 high of 650 apiece.The stock began its upward trajectory after the company released its Q4FY24 earnings on May 30. Over the subsequent 10 sessions, it sustained this bullish trend, resulting in a gain of 30%.Also Read: 5 small-cap stocks including RattanIndia, Lloyds Engineering gave returns up to 12000% in last 5 years; check full listFurthermore, the positive sentiment surrounding the stock was bolstered by the BJP-led NDA returning to power, instilling confidence among investors that the government would uphold its commitment to the Ethanol Blending Program (EBP).

Former president Donald Trump's company says he is not the holder of liquor licenses at his three New Jersey golf clubs

Bitcoin futures have witnessed a surge in net short interest, primarily attributed to the growing popularity of a market-neutral strategy known as the basis trade.

Across the U.S., thieves have been targeting electric-vehicle charging stations, intent on stealing the cables, which contain copper wiring