PGIM India Mutual Fund has announced the reopening of subscriptions in three overseas fund-of-fund schemes from May 18, following regulatory headroom available for overseas investments. According to a notice-cum-addendum issued by the asset management company, subscriptions will resume in PGIM India Asset Management’s designated schemes — PGIM India Global Equity Opportunities Fund of Fund, PGIM…
Foreign holidays and overseas travel may soon become more expensive for Indian travellers, with the government actively considering a levy on foreign travel to cushion the economic fallout of the escalating West Asia conflict, CNBC-TV18 has learnt from sources. According to sources, discussions are currently underway at the highest levels of government on imposing either…
The US Senate Banking Committee has advanced the CLARITY Act, a long-anticipated bill aimed at creating a regulatory framework for cryptocurrencies, marking a key step in efforts to bring digital assets under a clearer legal structure in the United States. The bill was advanced with support from all Republican members of the committee, alongside Democrats…
Homebuyers often factor in stamp duty and registration while budgeting for property purchases, but industry experts say a wide range of additional charges can significantly increase the final outgo, often by 10–25% over the base price. GST, parking and premiums drive up base cost Experts said statutory and project-linked charges form a major part of…
IndiGo has announced a strategic partnership with rewards technology platform Single.id to expand earning opportunities for members of its loyalty programme, BluChip, across everyday consumer spending categories. Under the integration, BluChip members will be able to link their debit or credit cards on IndiGo’s Single.id portal and automatically earn loyalty points on eligible transactions made…
Gold markets across Asia are showing sharply different trends this week, highlighting how policy changes, demand shifts and regional buying patterns are reshaping physical bullion pricing. In India, gold discounts have widened to record levels after a sharp increase in import duties and weaker retail demand triggered a sudden slowdown in buying. Dealers are now…
Canara HSBC Life Insurance Company Limited has announced a bonus of ₹271 crore for FY 2025–26 for policyholders holding participating (par) policies. The bonus will benefit around 2.33 lakh eligible policyholders whose participating policies were in force as of March 31 The payout represents an 8.31% increase compared to the previous financial year. According to…
India’s cryptocurrency exchanges are expanding deeper into derivatives and cross-asset trading products, as platforms look beyond spot crypto transactions to attract retail traders seeking exposure to global markets and macroeconomic themes. Indian cryptocurrency exchange platform Giottus announced the expansion of its futures platform to include perpetual contracts linked to US equities, metals and energy products,…
Global investment firm Lighthouse Canton has launched the LC Luminere Credit Fund, a Category II Alternative Investment Fund (AIF) focused on India’s private credit market, with a target corpus of ₹1,200 crore (about $130 million), including a greenshoe option. The fund, registered with the Securities and Exchange Board of India (SEBI), will focus on structured…
Domestic precious metal prices traded lower on Friday (May 15), tracking weakness in global markets as rising crude oil prices, elevated US bond yields and a stronger dollar weighed on bullion sentiment. MCX gold futures for June delivery slipped 0.89% to ₹1.60 lakh per 10 grams, while MCX silver futures for July delivery fell 3.46%…
