HSBC Mutual Fund has announced the launch of RedHex SIF, its Specialised Investment Fund (SIF) platform in India, aimed at offering investors access to more focused and outcome-oriented investment strategies within a regulated mutual fund structure. The new platform, approved under the Securities and Exchange Board of India (SEBI) framework, is designed for investors seeking…
Gold and silver prices edged lower in domestic and global markets on Monday (April 28) as investors turned cautious ahead of key central bank meetings and continued to track geopolitical developments. On the Multi Commodity Exchange (MCX), gold futures slipped 0.1% to ₹1.50 lakh per 10 grams from the previous close, while silver declined 0.59%…
Flipkart, in partnership with Axis Bank and PayU, has introduced biometric authentication for card payments on its platform, allowing users to approve transactions using Face ID or fingerprint instead of one-time passwords (OTPs). With this rollout, Axis Bank cardholders can now verify payments directly through supported Android and iOS devices, reducing dependence on SMS-based OTPs,…
Monarch Networth Capital said it has raised ₹100 crore for its first portfolio management services (PMS) offering, the Monarch Wealth Creator Fund, within a few months of launch. The company stated that it mobilised the entire amount through its internal distribution network, without using external intermediaries or third-party distributors. According to the company, the PMS…
A monthly SIP of ₹10,000 in the Canara Robeco Short Duration Fund since its launch in April 2011 would have grown to about ₹29.48 lakh as of March 30, 2026, translating into an XIRR of 6.28%, according to scheme data. The fund, managed by Canara Robeco Mutual Fund, recently completed 15 years of operations on…
The 8th Central Pay Commission will enter a crucial phase of consultations starting Tuesday (April 28), as it will begin a three-day round of meetings with employee unions and associations in the national capital to shape its recommendations on salaries, allowances and pensions. The Commission said it has received a “large number” of requests from…
Gold and silver prices steadied on April 28, holding near recent highs as investors weighed geopolitical tensions in the West Asia against a packed week of global central bank decisions. Gold edges up, holds near $4,700 an ounce COMEX gold futures for June delivery were last seen at $4,700.70 per ounce, up $7 or 0.15%,…
The share of investment in India’s total gold consumption rose to 42% in calendar year (CY) 2025, up from 29% in CY24, CareEdge Ratings said. The agency attributed the increase to stronger demand for gold exchange-traded funds (ETFs) and bar-and-coin purchases, supported by elevated prices, global uncertainty, and portfolio diversification needs. CareEdge Ratings noted that…
Both gold and silver prices in India declined in Monday’s (April 27) futures trade, tracking weak global cues and a mix of risk-on sentiment in broader markets. Gold futures on the Multi Commodity Exchange (MCX) for June delivery fell ₹349, or 0.23%, to ₹1.52 lakh per 10 grams. The contract saw a business turnover of…
India’s digital payments ecosystem is anchored around UPI, with a large share of transactions now comprising small, frequent payments such as QR scans at stores, mobile recharges and utility bill payments. This shift in transaction patterns is also being reflected in how credit card features are structured. What’s changing in cards? Recent credit card offerings…
