India is poised to transition to a new direct tax framework from April 1, 2026, as the Income Tax Act, 2025, comes into effect, replacing the long-standing Income-tax Act of 1961. The move marks a significant shift in the presentation and structure of tax laws, but the core system remains largely the same. The government…
US President Donald Trump’s Truth Social post on Monday, March 23, changed market sentiment on the Wall Street, reinforcing a long-held warning from billionaire investor Ray Dalio: trying to time the market is a losing game. US stock futures surged nearly 1,000 points after Trump announced a five-day pause on planned military strikes against Iranian…
ICICI Prudential Life Insurance has launched a new smallcap-focused index fund under its unit-linked insurance plans (ULIPs), offering policyholders exposure to a broad set of emerging listed companies. The ICICI Prudential Life Smallcap 250 Index Fund tracks the Nifty Smallcap 250 Index, which comprises companies ranked between 251st and 500th within the Nifty 500 Index…
Tata AIA Life Insurance has introduced three new funds under its unit-linked insurance plans (ULIPs), expanding its investment offerings across domestic equities and global technology themes. The insurer has launched the Large Mid Cap Innovation Fund, the Large Mid Cap Innovation Pension Fund, and the Global AI & Technology Leaders Fund. The new fund offer…
Gold and silver prices declined on March 24, extending recent losses as a stronger US dollar and elevated bond yields continued to pressure precious metals, even as geopolitical tensions in West Asia kept volatility high. On the Comex, gold fell 1.17% to $4,355.80 per ounce. Silver dropped more sharply, losing 2.62% to $67.54 per ounce,…
Razorpay has partnered with Sarvam AI to develop voice-first conversational commerce solutions, marking a shift toward transactions driven by spoken interactions rather than traditional app-based interfaces. As part of the collaboration, Swiggy will serve as an early partner, enabling customers to order food through voice conversations on Sarvam’s chat platform, Indus App. The system is…
Mid- and small-cap mutual funds have clocked strong asset growth over the past five years, but rising market volatility and foreign outflows could weigh on their near-term trajectory, according to ICRA Analytics. Assets under management (AUM) of mid-cap funds grew at a compounded annual rate of 32.41% to ₹4.62 lakh crore as of February 2026,…
Zerodha Fund House has launched an open-ended equity index scheme tracking the Nifty MidSmallcap400 50:50 Index TRI, expanding its passive investment offerings in the broader market segment. The fund seeks to replicate the performance of the underlying index, which comprises 400 stocks—150 mid-cap and 250 small-cap companies—selected based on free-float market capitalisation, excluding the top…
The Association of Gold Loan Companies (AGLOC) has sought a deferment of the Reserve Bank of India’s (RBI) revised lending norms for loans backed by gold and silver collateral, citing concerns over credit access in a volatile global environment. The industry body has requested that the new framework, scheduled to be implemented by April 1,…
Jio BlackRock Asset Management has launched the new fund offer (NFO) of its large-cap equity scheme, aimed at long-term investors seeking exposure to established companies. The open-ended scheme will predominantly invest in large-cap stocks and is positioned as a core portfolio allocation. It will focus on companies with relatively stable business models, governance standards, and…
