Equity mutual funds saw a sharp slowdown in inflows in May, falling to their lowest level in a year as geopolitical tensions in West Asia, rising crude oil prices and market volatility weighed on investor sentiment, according to data released by the Association of Mutual Funds in India (AMFI).Net inflows into equity schemes stood at…
For a retail investor, the impact depends on what they own and why the rupee is weakening in the first place. The rupee is falling and your investment portfolio is bleeding red. India may be a fundamentally strong growth story, but for now your investments may be flashing negative returns. As the impact of the…
The Union cabinet on Tuesday approved Phase 2A of the Ahmedabad Metro Rail Project, a 6.032-km corridor connecting Koteshwar Road to Ahmedabad Airport.The project, approved by the Cabinet chaired by Prime Minister Narendra Modi, will be built at a total cost of Rs 2,169.04 crore, including interest during construction (IDC).The new corridor will have five…
Benchmark equity indices gave up most of their intraday gains on Wednesday, with the Sensex ending marginally higher and the Nifty closing in the red as renewed hostilities between the United States and Iran dampened investor sentiment.The 30-share BSE Sensex rose 64.42 points, or 0.09%, to settle at 73,983.18.The index had surged as much as…
Deen Noory wants in on the biggest stock market debut of all time. Elon Musk is counting on it. On Friday, the SpaceX stock ticker is expected to make its debut in the biggest initial public offering of all time Noory, a 41-year-old fintech entrepreneur, spent years listening to Musk’s video and podcast interviews. Tesla…
“THE ICK”, a term popularised by Gen-Z daters, refers to the loss of romantic interest after a trifling but embarrassing behaviour by a crush. Admirers of American high finance may be feeling it. Ahead of the initial public offering (IPO) of SpaceX, scheduled for June 12th, high finance looks desperate trying to woo Elon Musk,…
Chinese investors are seeking indirect ways to gain exposure to SpaceX’s highly anticipated initial public offering (IPO), after being excluded from direct participation in what could become the world’s largest listing.The surge in interest around Elon Musk’s rocket and satellite internet company has triggered strong fear of missing out (FOMO) among mainland investors. With direct…
The rivalry between Sam Altman and Dario Amodei is entering a new phase. Both AI bosses are planning public listings and hope to use the money to outpace each other in the race to build superintelligent AI. AI giants Anthropic and OpenAI race for IPO amidst fierce rivalry and market potential (AFP) It has all…
Missing a single document can lead to reporting errors, which in turn can result in income tax notices or even delayed refunds. (AI image) ITR filing AY 2026-27: Before you open the tax filing portal to file your income tax return, it’s important to keep all the necessary documents handy. Having all the requisite documents…
BENGALURU: TCS chairman N Chandrasekaran said the IT industry will no longer hire at the scale seen over the past two decades as artificial intelligence takes over parts of traditional work, signalling a structural shift for India’s $315-billion technology sector. “The company will not be hiring the kind of numbers it used to hire,” Chandrasekaran…
