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Sunil Subramaniam, Market Expert, says if a fund manager is getting, let us say, Rs 1,000 crore per month as SIP, he knows for the next 12 months, he can plan his purchases and so he tracks a good quality stock. He continuously keeps buying it because he is assured of the flow for a long time. The consistency of the SIP book gives a lot of comfort to fund managers also as they can acquire stocks steadily. In effect, fund managers are themselves doing an SIP in the stock market. Subramaniam also says that Rs 25,000 crore is just the tip of the iceberg. He would not be surprised if this doubles to Rs 50,000 crore in a year's time because the penetration of mutual funds in India is still in single digits in our 144 crore population. SIP inflows are near record high levels; equity inflows are at three-month high levels, coming in at near Rs 36,000 crore marks. How should one read into this data because in November, we saw real divergent moves in markets? Sunil Subramaniam: This indicates the maturity of the domestic investor, especially the ones using mutual funds as a vehicle and using distributors to advise them.

A flurry of satirical articles and angry comebacks followed U.S. president-elect Donald Trump’s recent crack about making Canada the 51st state.

A longtime publishing executive who has worked on bestsellers by Oprah Winfrey, Matthew Perry and dozens of others will soon be CEO of Phaidon Press, one of the world’s leading makers of art and fashion books

Subscribe to enjoy similar stories. It’s the season for all things that bring joy. In keeping with this vibe, the prolific baker and content creator Shivesh Bhatia launched a cookbook titled, Chocolate.

Adani Power Ltd. 1.16 per cent to Rs 529.45 in Tuesday's trade as of 01:58PM (IST) even as the benchmark Nifty ruled at 24526.05, 92.96 points. The scrip had closed at Rs 535.70 in the previous session. The stock quoted a 52-week low of Rs 430.85 and a high of Rs 896.75. The company quoted a market-cap of Rs 204417.76 crore on the BSE.

Au Small Finance Bank Ltd. 1.07 per cent to Rs 587.25 in Tuesday's trade as of 10:40AM (IST) even as the benchmark Nifty ruled at 24620.75, 1.75 points. The scrip had closed at Rs 581.00 in the previous session. The stock quoted a 52-week low of Rs 554.00 and a high of Rs 813.00. The company quoted a market-cap of Rs 43667.95 crore on the BSE.

Subscribe to enjoy similar stories. Every morning, the man who built one of the world’s most valuable companies scrolls through his inbox and looks at 100 of the most important emails that he’ll see all day. And on Sunday nights, he pours himself a glass of his favorite Scotch and reads even more of them.

Namma Yatri, mobility industry executives and investors said. OnNovember 27, the company launched its loyalty programme, Uber One, in India, offering monthly and annual plans to users. As part of the programme, Uber is offering up to 10% of the fare as credits to users hailing four-wheelers, three-wheelers and two-wheelers and booking parcel services on its platform. These credits are akin to cashbacks and can be redeemed on future rides. Globally, as of September 30, Uber One had 25 million subscribers, and according to the company, they spend more than three times compared with non-members.

MicroStrategy (MSTR) bought more bitcoin (BTCUSD) last week, for the fifth week in a row.

As humans, our minds are designed to present options to us in binary terms. This is because dualistic thinking provides us with a sense of certainty.

Speaking exclusively to PTI during his recent visit to the city to participate in a curtain-raiser event of the 16th edition of the Apeejay Kolkata Literary Festival, where his latest title 'Chhaunk: On Food, Economics and Society' was launched, Banerjee said he felt India's «explicit political preference for Hindu migrants from Bangladesh» is what prompted the population to leave their homeland in the past, rather than the attacks on the community. «People always leave for another country where they have their families or to a richer nation where the economic opportunities are higher,» the Nobel laureate said, «I am not surprised that Hindu Bengalis have left Bangladesh and settled in, say, large pockets of Assam because of India's overt preference for Hindus instead of Muslims.»

A ‘Non-Resident Indian’ (NRI) is a citizen of India who resides outside India. An NRI account can be opened jointly with a resident Indian on a former or survivor basis. There are different types of NRI accounts, including Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR) accounts. For NRIs looking to invest and retain their foreign currency while simultaneously earning high returns, FCNR (B) accounts can be a great choice. Most banks book FCNR deposits in the US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars.

Credit cards come in two broad categories – personal and business. The fine print of personal credit cards clearly says that they cannot be used for business spending, and hence separate cards are issued for business expenses. However, the majority of self-employed or business owners bill some of their business expenses to their personal cards. This begs the question: How do banks allow this?

ICICI Lombard General Insurance Company Ltd. 0.88 per cent to Rs 1966.20 in Monday's session as of 12:29PM (IST) even as the equity benchmark Sensex traded 20.82 points at 81688.3. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 2285.85 and a 52-week low of Rs 1354.80 on NSE. Around 6748 shares changed hands on the counter till 12:29PM (IST).

Nifty 50, to rank among the worst performing global markets (after France and South Korea), between 27 September 2024 and 5 December 2024, according to data sourced from Reuters-Refinitiv for 22 global indices. The global indices cover the US, Europe, Asia, Russia and Latin America. Moreover, despite recovery in the first week of December, the last 10 weeks performance has also dragged the year-to-date performance of the Indian equity benchmark. The index was ranked second among the 22 global indices (after the Nasdaq Composite) based on returns between 29 December 2023 and 26 September 2024 (the day the Nifty 50 closed at its all-time high). However, after including the performance since the last week of September, the Nifty 50 has dragged to rank 11 in year-to-date performance. The Nifty 50 has delivered -5.6% returns in the last 10 weeks (since 27 September 2024) and 13.7% returns year-to-date. The returns and rankings are based on 5 December 2024 closing values.

Online travel agency (OTA) Ixigo is sharpening its focus on hotels besides doubling down on flight and bus bookings, said group CEO Aloke Bajpai. «Post Covid, we have been the fastest growing OTA. At this point, we have a mid-50s kind of a market share in trains. The next player would be one third of our size,» Bajpai told ET in an interview. «We want to continue growing with the market. But for flights, buses and hotels, there is an opportunity to grow faster than the market,» he said.

Jack Reacher’s intense confrontation with his new adversary, Paulie.

Subscribe to enjoy similar stories. Our struggles with achieving foundational literacy and numeracy (FLN) in the nine schools that we run, despite the resources and expertise available, are significant. To begin with, let me recap my earlier column.

Subscribe to enjoy similar stories. It was a tea-loving author who started off my dalliance with cosy crimes that transformed into a 20-year affair before gently fizzling out. My current infatuation is also set off by a tea-loving author, Kevin Kwan, and his Crazy Rich Asians trilogy.

The Archbishop of Paris officially reopened Notre Dame Cathedral on Saturday, marking the restoration of the historic 12th-century landmark after the catastrophic fire of 2019. In a symbolic gesture, Laurent Ulrich knocked on the grand doors and stepped into the beautifully restored space. Dressed in newly designed vestments and carrying a staff crafted from a roof beam that survived the blaze, Ulrich led a two-hour ceremony attended by hundreds of VIPs inside the Gothic cathedral. Commanding the doors to “open,” he entered the transformed masterpiece to begin the event.

Subscribe to enjoy similar stories. The worst argument of the West that I have encountered is that fake news changed public opinion and gave the world Donald Trump, and that this sort of propaganda creates the myth of other strongmen across the world. Like some bad Western theories, the view has developed the aura of a common truth even as evidence grows that it is highly unlikely and this view itself could be a piece of fake news.