Investor caution gripped the Indian mutual fund market in May, with equity fund inflows plummeting to a one-year low. Geopolitical tensions and rising oil prices dampened sentiment, leading to a significant drop in net inflows. While SIPs offered stability, the broader industry saw substantial outflows, primarily from debt schemes, as investors adopted a wait-and-watch approach.
SpaceX’s highly anticipated stock market debut could be historic, with a massive valuation and a significant portion of shares reserved for individual investors. While many are drawn to Elon Musk’s vision and the company’s potential, analysts and investors are divided over the lofty valuation and potential volatility. Concerns linger about profitability and whether peak optimism
US inflation hit a three-year high in May, soaring to 4.2% due to surging energy prices, particularly gasoline, driven by Middle East supply disruptions. This rise, the third consecutive monthly increase, pressures the Federal Reserve and poses a political challenge for the Trump administration ahead of midterm elections. Core inflation showed mixed signals, while energy
Equity markets saw gains evaporate on Wednesday, with the Sensex inching up and the Nifty closing lower. Renewed US-Iran tensions rattled investor sentiment, leading to a sell-off in late trade. Geopolitical concerns overshadowed positive domestic factors, while global markets also faced pressure. Banking stocks provided some support to the Sensex.
The Union Cabinet has greenlit Phase 2A of the Ahmedabad Metro Rail Project, a 6.032-km corridor costing Rs 2,169.04 crore. This new line will connect Koteshwar Road to Ahmedabad Airport, featuring five stations and expanding the metro network to 77.63 km. The project aims to boost connectivity, support potential sports events, and is expected to
ITR filing FY 2025-26: Think of your documentation as evidence; the income tax department already has digital footprints of your transactions, and your job is to match them accurately.
Authorities said the decision was driven by reports of high pesticide content in imported mangoes as well as inadequate quarantine arrangements in border regions, particularly in Madhesh province.
Gold price prediction today: The outlook for gold and silver prices remains cautious due to ongoing geopolitical pressures, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
Reliance Industries and Meta Platforms are joining forces to build a massive 168 MW AI-powered data centre in Jamnagar, Gujarat. This significant collaboration marks India’s first built-to-suit facility for Meta, aiming to bolster global AI infrastructure. Reliance will manage the entire project, ensuring renewable energy and advanced cooling, positioning India as a key player in
