Motilal Oswal Mutual Fund has launched the New Fund Offer (NFO) for the “Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund”, an open-ended index scheme designed to replicate the performance of the BSE Midcap 150 Momentum 30 Index. The NFO opens on July 3 and will close on July 17. The scheme will track…
The Government of India has kept the interest rate on the Floating Rate Savings Bond, 2020 (Taxable) [FRSB 2020(T)] unchanged at 8.05% for the period from July 1, 2026, to December 31. The interest for this half-year period will be payable on January 1, 2027. According to the government notification issued under Para 13(ii) of…
Gold and silver prices climbed sharply in international markets on Friday (July 3), with bullion headed for its first weekly gain in five weeks as weaker-than-expected US employment data eased fears of aggressive interest rate hikes by the US Federal Reserve. COMEX gold surged nearly 2% to $4,202.80 per ounce, touching an intraday high of…
Public sector lender Indian Bank on Thursday (July 2) said its Asset Liability Management Committee has reviewed benchmark lending rates and revised the Treasury Bills Linked Lending Rate (TBLR), while keeping other key lending benchmarks unchanged. The bank said the revised TBLR will be effective from July 3, 2026. Under the revision, the TBLR for…
Digital payment authentication must move beyond passwords and one-time passwords (OTPs) as artificial intelligence-driven commerce gathers pace, a top Visa official said on Thursday. ”Authentication cannot remain dependent on passwords or one-time codes designed for an earlier digital era. It must become secured by design, invisible to the consumer, and resilient against increasingly sophisticated fraud,”…
India’s affluent consumers are redirecting discretionary spending away from material luxury and toward private, experience-led travel, with multi-generational holidays, exclusive villa stays and resort buyouts emerging as the new markers of premium consumption. According to Visa Consulting & Analytics’ *India’s Affluent Economy 2025-26* white paper, travel now accounts for 58% of discretionary spending among India’s…
As market volatility has pushed investors away from hybrid mutual funds in recent months, Aditya Agarwal, Co-Founder of Wealthy.in, explained why the category still matters. Hybrid funds blend equity with debt or gold, cushioning losses during downturns while giving up some gains in bull runs. Agarwal broke down five types — conservative hybrid, equity savings,…
Gold prices may have corrected sharply from their record highs, but Indian consumers are still staying away from fresh purchases. Domestic gold demand has fallen more than 70% after prices dropped nearly ₹50,000 from the all-time highs touched earlier this year, according to data from the India Bullion and Jewellers Association. On Thursday (July 2),…
Ashutosh Singh, Managing Director and CEO of BSE Indices, said the new benchmark has attracted interest from both asset managers and investors because it offers a values-based investment approach. Built from the BSE 500 universe using an exclusion-based methodology, the index removes companies from industries that do not meet its screening criteria. He said discussions…
Ujjivan Small Finance Bank and DBS Bank India have increased interest rates on their US dollar-denominated Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits for Non-Resident Indians (NRIs), following the Reserve Bank of India’s recent measures to encourage higher foreign currency inflows. Ujjivan Small Finance Bank has raised the interest rate on dollar FCNR(B) deposits with tenures…
