Asian markets mixed today: AI rally cools, Hang Seng gains 174 points while Kospi steadies after record peak

Asian markets mixed today: AI rally cools, Hang Seng gains 174 points while Kospi steadies after record peak

Asian equities traded mixed on Thursday as the AI and tech rally began to lose steam. At the same time, traders have remained cautioned amid the intensifying conflict in the Middle East. In Hong Kong, Hang Seng Index inched 174 points to 26,563 while Japan’s Nikkei remained steady, inching 0.66% higher to 63,539. South Korea’s…

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India bans sugar exports till September amid supply concerns; exemptions for EU, US quotas

India bans sugar exports till September amid supply concerns; exemptions for EU, US quotas

The Centre on Wednesday prohibited sugar exports with immediate effect till September 30 or until further orders, as the government moved to curb domestic prices and ensure adequate local availability amid concerns over lower production.In a notification issued by the Directorate General of Foreign Trade (DGFT), the government amended the export policy for sugar under…

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Govt: Capex, developmental spending, subsidies to go on as planned

Govt: Capex, developmental spending, subsidies to go on as planned

NEW DELHI: Govt Wednesday said it is going ahead with planned capital expenditure, developmental spend and subsidy payments, and no budget cuts were planned. Days after PM Narendra Modi’s calls for reducing non-essential spends such as overseas weddings, fuel consumption and fertiliser use, officials argued there was no plan for “austerity”, which usually suggests budget…

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Flexi-cap funds lead equity category for 8th month: How do they differ from multi-cap funds, and which one to choose?

Flexi-cap funds lead equity category for 8th month: How do they differ from multi-cap funds, and which one to choose?

As per the AMFI March 2026 mutual fund data released in April 2026, the flexi-cap mutual fund category attracted inflows of Rs. 10,054 crores. Within the equity mutual funds category, flexi-cap funds recorded the largest inflows for the eighth consecutive month. So, what are flexi-cap funds, how are they different from multi-cap funds, how have…

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India targets $1 trillion exports in FY27 as Piyush Goyal bets on FTAs, global demand

India targets $1 trillion exports in FY27 as Piyush Goyal bets on FTAs, global demand

Commerce and Industry minister Piyush Goyal on Wednesday asked exporters to target $1 trillion in goods and services exports in the current financial year, after India recorded an all-time high outbound shipment value of $863.11 billion in 2025-26, PTI reported.“This year, let’s aspire for a $1 trillion exports target. It’s possible,” Goyal said at an…

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Petrol and diesel prices may rise if Middle East crisis persists, says RBI Governor Sanjay Malhotra

Petrol and diesel prices may rise if Middle East crisis persists, says RBI Governor Sanjay Malhotra

Reserve Bank Governor Sanjay Malhotra has said the government may eventually have to raise petrol and diesel prices if the ongoing Middle East crisis continues for a prolonged period, PTI reported on Wednesday.Speaking at a conference in Switzerland on Tuesday, Malhotra said the disruption in oil and gas supplies due to the conflict and blockade…

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Lilly expands specialty portfolio in India

Lilly expands specialty portfolio in India

New Delhi: US firm Eli Lilly is deepening its specialty portfolio in India across cardio metabolic health, oncology, neurology and immunology, with the launch of its Alzheimer’s therapy. The company has strategic partnerships with domestic drugmakers Lupin and Cipla in diabetes and metabolic care, and also markets the blockbuster weight-loss therapy Mounjaro in India.The treatment,…

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