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…
A monthly SIP in Canara Robeco Savings Fund has grown into over ₹56 lakh over 21 years, according to data shared by Canara Robeco Mutual Fund, as the scheme completed its 21-year track record. The fund house said a ₹10,000 monthly SIP in the scheme’s Regular Plan – Growth Option since inception (March 4, 2005)…
NPCI BHIM Services Limited (NBSL), a wholly owned arm of National Payments Corporation of India, has launched biometric authentication for UPI transactions on the BHIM Payments App, allowing users to approve payments of up to ₹5,000 using fingerprint or facial recognition. The feature, available on both iOS and Android devices that support biometric capabilities, enables…
The Ministry of Railways has revised the rates of kilometrage allowance and allowance in lieu of kilometrage (ALK) for running staff, with retrospective effect from January 1, 2024, according to an official circular issued by the Railway Board. The revision follows an increase in Dearness Allowance (DA) to 50%, which typically triggers adjustments in certain…
