MUMBAI: Investors ignored a volatile stock market in July and doubled down with their investments in mutual funds during the month – mostly through equity schemes – surpassing several records. Monthly gross flows through the SIP route, monthly net equity flows and total assets managed by the fund industry, all recorded new peaks in July.At…
US President Donald Trump said on Monday that gold imports will not face additional tariffs, ending days of uncertainty that had rattled global bullion markets and sent futures prices to record highs.“Gold will not be Tariffed!” Trump said in a statement on his Truth Social account, without providing further details. His remarks followed confusion triggered…
India on Monday imposed an immediate ban on the import of select jute products and ropes from Bangladesh through all land routes, in a fresh sign of escalating trade tensions between the two neighbours.According to a notification from the Directorate General of Foreign Trade (DGFT), these consignments will now be permitted only through Maharashtra’s Nhava…
Gold prices in India surged to unprecedented levels last week, breaching the Rs 1.02 lakh mark on Friday, driven by US President Donald Trump’s tariff policies and a broader global flight to safety. Market experts say the rally reflects deepening concerns over the US dollar’s reliability, inflation risks, and geopolitical tensions.“Uncertainty over the long-term reliability…
NEW DELHI: In his bellicose speech where he threatened to nuke India, Pakistan Army chief Asim Munir put a target on Reliance Industries Ltd’s refinery — the world’s largest single-site refining complex — at Jamnagar in Gujarat in any future military conflict with New Delhi, indicating for the first time the intent to hit India’s…
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…
