The Wealth Company, part of the Pantomath Group, has confirmed in principle its participation in the National Stock Exchange of India’s (National Stock Exchange of India) Electronic Gold Receipts (EGR) segment, becoming the first asset management company to sign up for the product, subject to regulatory approvals. EGRs are exchange-traded instruments backed by physical gold…
Women investors now manage ₹11.3 trillion in assets under management (AUM) across mutual funds serviced by Computer Age Management Services Limited (CAMS), according to its latest report “Going Beyond the Box 2026.” The report shows women contributed ₹3 trillion in gross inflows in FY26, accounting for 35% of total inflows, reflecting a steady rise in…
India’s credit card usage continues to expand, supported by rising digital adoption, higher discretionary spending, and growing preference for flexible payment options, according to insights from SBI Cards and Payment Services Limited. The company noted that there are around 118.6 million credit cards in circulation in India, with total credit card spends crossing ₹23.62 trillion…
The Indian rupee has been under sustained pressure in recent sessions, slipping to record lows against the US dollar as rising crude oil prices, global uncertainty and strong dollar demand weigh on the domestic currency. A prolonged decline in the rupee may not immediately impact consumers, but if the weakness continues, it could gradually make…
Gold and silver prices in India witnessed a mixed trend on Tuesday, May 19, tracking global bullion movements amid a softer US dollar, easing crude oil prices and continued uncertainty around inflation and interest rates. MCX gold crossed the ₹1.59 lakh mark per 10 grams during trade. In contrast, MCX silver slipped sharply and hit…
India’s sharp increase in import duty on gold and silver, along with tighter restrictions on silver imports, could distort domestic bullion prices and widen the gap with global rates, according to a note by Mirae Asset Mutual Fund. The fund house said the recent hike in customs duty on gold and silver from 6% to…
The Unique Identification Authority of India (UIDAI) has extended the free online document update facility on the myAadhaar portal by another year, allowing Aadhaar holders to update their documents online without any charge till June 14, 2027. The decision was announced through an official memorandum dated May 13, 2026. UIDAI said the extension was granted…
ICICI Prudential Mutual Fund has announced the launch of two investment strategies under its Specialised Investment Fund (SIF) platform — the iSIF Active Asset Allocator Long-Short Fund and the iSIF Equity Long-Short Fund. The new fund offers (NFOs) for both strategies opened on May 19 and will close on June 2, according to the fund…
India’s debit card transactions have collapsed over the past four years as consumers increasingly switched to UPI, digital wallets and credit cards, according to the latest Payment Systems Report released by the Reserve Bank of India. The RBI report showed debit card transaction volumes fell from 4.087 billion in calendar year 2021 to 1.336 billion…
The West Bengal Cabinet has given in-principle approval for the constitution of the state’s 7th Pay Commission, potentially setting the stage for a future revision in salaries, pensions and allowances for state government employees and pensioners. At present, however, the government has not issued a detailed notification outlining the commission’s terms of reference, timeline, implementation…
