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Subscribe to enjoy similar stories. MUMBAI : Mutual funds have emerged as an attractive investment vehicle for non-resident Indians (NRIs) keen on participating in India’s booming economy. Unlike direct investment in stocks, which involves cumbersome account setups, regulatory complexities, and high costs for Portfolio Investment Scheme (PIS) or Non-PIS demat accounts, mutual funds offer a streamlined and cost-effective alternative.

The Sensex and Nifty have dropped 10% from peaks on September 27, resulting in the indices entering the technical corrective phase. When an index falls 10% from its peak in a short span, it's considered a correction. A 20% decline makes it a bear phase.

venture capital firm, has made the final close of its Pavestone Technology Fund, securing a total corpus of Rs 816 crore. The firm, which initially targeted raising Rs 600 crore, raised the corpus twice through the green shoe option, eventually revising it to Rs 900 crore. Through this fund, Pavestone plans to invest in 14-15 early growth-stage business-to-business (B2B) technology companies with an average cheque size of $5-10 million.

The flurry of contract agreements announced early this fall — including two more Wednesday — offer evidence that major railroads and their unions are working to avoid the standoffs that led them to a brink of a national strike two years ago

Republican Party has won a majority in the US House of Representatives, media projected Wednesday, completing their clean sweep of Congress, which will hand President-elect Donald Trump vast legislative power. After more than a week of vote counting, CNN and NBC projected that the Republicans had reached the 218 seats needed to retain their majority in the 435-seat lower chamber, having already secured control over the Senate. «It is a beautiful morning in Washington. It is a new day in America,» said House Speaker Mike Johnson, who held a press conference to celebrate victory Tuesday before the result was official.

Mohammed Shami returned wicket-less from his 10 overs in a subdued comeback to competitive cricket after 360 days as Bengal struggled in their Ranji Trophy Group C game against Madhya Pradesh here on Wednesday. Electing to field first, MP were 103/1 at stumps after bowling out Bengal for 228 in their first innings. The visitors need an outright win to keep their slim quarterfinal hopes alive. Bengal's attack is depleted by injuries to Ishan Porel and Rishav Vivek, while Mukesh Kumar and Akash Deep are on national duty. All eyes are now on Shami to not only prove his fitness but also rejuvenate his state team's campaign. Bowling on the Holkar Stadium green-top, the 34-year-old Shami, who was sidelined with an Achilles tendon injury on his left leg for which he underwent a surgery, returned figures of 10-1-34-0.

Rashid Latif says if had the power he would not let Pakistan play against India in any tournament and also suggested that ICC should not grant the hosting rights of global events to both countries until they resolve their issues. The BCCI has refused to send its team to Pakistan for the upcoming Champions Trophy and there speculation that the entire tournament could be moved out of the country. The Pakistan Cricket Board (PCB) has written to the International Cricket Council (ICC) asking for a written confirmation from the BCCI for India's inability to travel to Pakistan for the tournament. «There's a big possibility that Pakistan can stop playing cricket against India. Had I been in power, then, yes, I may have taken this strong step. I would not blame anyone for this. If you don't want to play (in Pakistan), then don't play against us (at all),» Latif, known for his plain speak, told PTI Videos.

Players were forced to leave the field as the insects swarmed the playing area. «Play has been halted due to a small pest problem. 'Flying ants' are running amok at the stadium, so we will wait for them to disperse before resuming play,” Cricket South Africa reported on X. The match resumed after a 30-minute delay.

Sri Lankan President Anura Kumara Dissanayake is looking to consolidate his party’s power in Thursday’s parliamentary election to help him implement his election pledges to solve the country’s economic woes and foster good governance

Donald Trump’s second administration is filling up with some of his most loyal supporters and many of the people landing top jobs have been critical of Prime Minister Justin Trudeau and security at Canada’s border.

Lieutenant General Abhijit S. Pendharkar, General Officer Commanding Spear Corps, discussed on the challenges of operating environment and road map for assisting the state in bringing peace and stability in Manipur. Pendharkar visited the Red Shield Division, Leimakhong, Manipur on 12-13 November. During his visit, the GOC visited Leimakhong Military Station, YKPI and Bishnupur to review the emerging Internal Security situation and operational preparedness.

net profit rose 3% year-on-year (YoY) to Rs 82 crore in Q2FY25 compared to Rs 79.6 crore in the corresponding period of the previous year. Revenue grew 12% YoY to Rs 258 crore in Q2FY25 driven by 40% growth in CDMO business and consolidation of acquired business.

In a statement on Tuesday (12 November), Klarna said that it had submitted a draft registration statement to the Securities and Exchange Commission relating to the proposed flotation. The Swedish payments firm said the number of shares to be offered and the price range for the proposed offering «have not yet been determined», but that the IPO is expected to take place after the SEC completes its review process, subject to market and other conditions.  Chrysalis, which holds around £800m in assets, has a long-term holding in Klarna and previously noted that the anticipated float would ...

Donald Trump is making a victor's return to Washington. The president-elect touched down Wednesday, arriving near the Capitol with billionaire Elon Musk in tow, for a meeting with House Republicans and then an Oval Office session with Democratic President Joe Biden as Trump prepares for a potentially unified Republican government and sweep of power. Back in Washington for the first time since his election victory, Trump told the GOP lawmakers, «It's nice to win.»

employee benefit trust under unit-based employee benefit (UBEB) schemes. This will facilitate easier acquisition and distribution of units to employees. «In order to promote ease of doing business and to facilitate the acquisition of units by the employee benefit trust and the subsequent transfer of units to the employees as per the terms of the UBEB scheme, it is proposed that the… lock-in and allotment related restrictions shall not apply to the employee benefit trust,» Sebi said in separate circulars.

In her tweet, she explained that while riding in an auto, she suddenly felt someone touching her from behind. Fearing the worst, she glanced back and was startled to find a young child sleeping there. “Scariest 5 mins of my life. This was me in an auto in Bangalore. I felt like someone was touching me from behind, saw a kid sleeping over there," she wrote, adding that she initially wondered if the child had been kidnapped.

Flujo Brand GFRP-Rebars aiming to boost Indian market by Innovative Construction Solutions. The DS Jindal Group, a prominent name in the steel and plastic pipe industry, has entered the Glass Fiber Reinforced Polymer (GFRP) rebar market under its brand, “Flujo". This initiative, spearheaded by Managing Director Sahil Jindal, is poised totransform the Indian construction landscape by offering an advanced, non-corrosive alternative to TMT rebars.

Kansas City Chiefs players Travis Kelce and Patrick Mahomes faced frightening home invasions in early October. According to documents from the Cass County Sheriff’s Office, both athletes were victims of burglaries at their respective Kansas City-area homes. Despite ongoing investigations, these incidents have raised concerns among the players and their fans.

A Secret Service agent, who was tasked to protect former US President Barack Obama, allegedly brought his girlfriend to Obama's beach house in Hawaii. The incident came to light after the agent's former girlfriend, Koryeah Dwanyen, released her memoir titled «Undercover Heartbreak: a Memoir of Trust and Trauma» on October 28, reported Abc news.

Financial services hiring is perking up everywhere, but in Hong Kong it's looking particularly sprightly. Bloomberg reported yesterday that professionals licensed with the Hong Kong Securities and Futures Commission (SFC) increased at the fastest rate ever in the past four months.  One of those hires was at Goldman Sachs, which has just relocated a London-based MD from a rival bank who previously spent the bulk of his career in Hong Kong.

As we roll towards the allocation and payment of end of year bonuses, another bank has been cutting the sorts of people who might usually expect big ones. This time, it's Deutsche Bank.