Norway’s sovereign wealth fund — the world’s largest — has announced the sale of its holdings in 11 Israeli companies, citing the worsening humanitarian crisis in Gaza and the broader conflict in the region. Nicolai Tangen, chief of Norges Bank Investment Management (NBIM), which manages the fund, said the decision was taken “in response to…
Mutual fund inflows hit fresh records in July, with equity schemes attracting Rs 42,702 crore — up 81% from June’s Rs 23,587 crore — and debt funds bouncing back with Rs 1.06 lakh crore after two months of withdrawals. In July 2024, equity inflows stood at Rs 37,113 crore.Sectoral and thematic schemes topped the equity…
Buying property is expensive and often out of reach for most investors, but a real estate investment trust (REIT) offers a way to own a slice of income-generating property without purchasing it outright.A real estate investment trust (REIT) is an investment instrument modelled on mutual funds. Just as a mutual fund company pools investors’ money…
The execution of China South City’s liquidation may encounter difficulties regarding mainland asset seizure. (AI image) A Hong Kong High Court has issued a liquidation order for China South City Holdings Ltd., marking the largest Chinese construction company by assets to face winding up since China Evergrande Group.This court decision exemplifies the ongoing impact of…
The rupee reversed early gains to end 17 paise lower at 87.75 against the US dollar on Monday, pressured by persistent importer demand for the greenback, a rebound in crude oil prices, and foreign fund outflows.At the interbank foreign exchange market, the domestic currency opened at 87.56 and traded in a narrow range of 87.48…
Air India Express has announced a “Freedom Sale” offering five million discounted seats to mark India’s 79th Independence Day.According to the airline, bookings can be made through its website, mobile app, and major travel portals until 15 August 2025, for travel between 19 August 2025 and 31 March 2026. The sale period covers the festive…
Ford Motor Co. will invest nearly $2 billion to retool its Louisville Assembly Plant in Kentucky for electric vehicle (EV) production, aiming to build affordable and profitable models that can compete globally. The move marks a major transition for the facility, which has produced gas-powered vehicles for 70 years.“We took a radical approach to solve…
The market sentiment improved after the announcement that Trump and Russian President Vladimir Putin will meet. (AI image) US President Donald Trump’s move to impose 50% tariffs on India doesn’t seem to have worried the Indian stock markets too much. In fact, BSE Sensex and Nifty50 have shown resilience in the face of the Trump…
Nvidia and AMD have agreed to hand over 15% of their revenues from chip sales to China to the US government, a senior US official confirmed, according to the Associated Press. The arrangement is part of a deal allowing the companies to resume sales of specific artificial intelligence chips to the Chinese market.The revenue-sharing terms…
US stocks were little changed on Monday, staying close to record levels as investors awaited key inflation data due Tuesday. The S&P 500 was virtually flat, hovering near its all-time high from two weeks ago. The Dow Jones Industrial Average added 77 points, or 0.2%, while the Nasdaq Composite slipped 0.2% in early trading, according…
