Axis Asset Management Company (Axis AMC) has acquired the Portfolio Management Services (PMS) business of Axis Securities, a move aimed at expanding its presence in the high net-worth individual (HNI) and ultra-high-net-worth individual (UHNI) investment segment. Following the acquisition, Axis AMC said its combined PMS assets under management (AUM) will exceed ₹15,000 crore. The transaction…
Specialised Investment Funds (SIFs) have opened a new segment in India’s investment landscape, offering investors access to strategies that go beyond the traditional long-only approach followed by mutual funds. The category allows fund managers greater flexibility, including the use of derivatives, hedging strategies and limited short positions. But experts say investors should not view SIFs…
Gold and silver prices declined in domestic futures trade on Thursday (July 23) after the recent rally, as investors booked profits and reassessed the outlook for interest rates amid rising crude oil prices and geopolitical uncertainty. On MCX, the August gold futures contract (05 Aug 2026) was trading at ₹1.45 lakh per 10 grams, down…
Japan’s parliament has approved amendments that recognise cryptocurrencies as financial assets, marking a shift in how digital assets are regulated in the country. The move brings cryptocurrencies closer to the regulatory framework governing traditional financial instruments such as stocks and bonds. Until now, crypto assets in Japan were primarily regulated under the Payment Services Act,…
Maharashtra government has begun rolling out its ₹36,585-crore Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana, 2026, releasing a representative list of 533 eligible beneficiaries from seven districts as the first step in implementing the farm loan waiver programme. The state Cabinet approved the scheme on June 2, and notified it through a Government Resolution (GR) the…
Silver imports into India have slowed sharply as a new licensing regime disrupted shipments, pushing local premiums to a multi-month high. Most banks have yet to secure the permits needed to import the white metal and remain awaiting government approval, according to people familiar with the matter, who asked not to be identified because they…
Retiring Central government employees will now have an additional paperless option to apply for their Central Government Health Scheme (CGHS) pensioner cards, following the integration of the CGHS online system with the Bhavishya portal. The Ministry of Health and Family Welfare (MoH&FW), through an Office Memorandum, said the move has been undertaken in collaboration with…
AlphaGrep Mutual Fund has launched the AlphaGrep Flexi Cap Fund, an open-ended equity scheme that will invest across large-, mid- and small-cap stocks using a quantitative, data-driven investment strategy. The new fund offer (NFO) is open till August 4. The scheme seeks to generate long-term capital appreciation by investing in equities across market capitalisations. It…
Gold prices edged lower on Thursday (July 23) after rallying to a two-week high in the previous session, as investors assessed rising geopolitical tensions in the West Asia while awaiting next week’s US Federal Reserve policy meeting for further direction on interest rates. On the COMEX, gold futures were trading at $4,116.50 per ounce, down…
Indian travellers may soon be able to use UPI in Spain as well. India and Spain have agreed to fast-track technical talks on linking UPI with Bizum, S…Read More 1/11 1. Spain | India and Spain have agreed to fast-track technical talks on linking UPI with Bizum, Spain’s homegrown digital payments platform, following discussions during…
