Foreign fund inflows, ICICI Bank and RIL boost markets

Benchmark equity indices Sensex and Nifty ended higher on Thursday, driven by buying in blue-chip stocks ICICI Bank and Reliance Industries amid fresh foreign fund inflows and firm global market trends. Illustration: Dominic Xavier/Rediff Rising for the second straight day,

Market volatility slows MF investor additions

New  investor additions by mutual funds (MFs) have slowed dramatically in recent months, indicating that market correction and a rise in volatility are somewhat dimming the appeal of equity schemes. Illustration: Dominic Xavier/Rediff MFs have onboarded 300,000 new investors in

Sensex climbs 261 points tracking rally in global equities

Benchmark stock indices Sensex and Nifty ended higher on Wednesday after three days of decline, tracking a rally in global markets. Photograph: ANI Photo Buying in blue-chips Reliance Industries and HDFC Bank also added optimism to markets recovery. The 30-share

Spain all set to get ‘The Taste of India’

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products, has launched Amul Milk in Spain. Photograph: Amit Dave/Reuters In a statement on Wednesday, the GCMMF announced “its partnership with Cooperativa Ganadera del Valle de los Pedroches (COVAP), Spain’s

No changes in FDI policy for Pak, China and few others

The government has not made any amendments to the foreign direct investment (FDI) policy for countries sharing land border with India, sources said on Wednesday. Illustration: Uttam Ghosh/Rediff In 2020, the government issued Press Note 3 under which investors from

Why RBI is likely to cut repo rate by another 25 bps

On June 6, 2025, RBI Governor Sanjay Malhotra is expected to announce the decision of the bank’s Monetary Policy Committee. IMAGE: RBI Governor Sanjay Malhotra. Photograph: ANI Photo The weakening of inflation, prospects of economic growth, geopolitical uncertainty and comfortable system

Tesla Gears Up in Kurla

Tesla’s official entry into the Indian market is expected in the final quarter of the current financial year. Photograph: Yves Herman/Reuters   Elon Musk’s Tesla Inc has leased a 24,565 square foot warehousing facility in Mumbai’s Kurla West for a

Hyundai exits Ola Electric; sells 2.47% stake for Rs 552 cr

South Korean automaker Hyundai Motor Company on Tuesday exited Ola Electric Mobility by selling its entire 2.47 per cent stake in the company for Rs 552 crore through an open market transaction. Photograph: Andrew Boyers/Reuters According to the bulk deal

Nestle India turnover grew 2.5 fold post Maggi crisis

The turnover of FMCG major Nestle India’s has grown 2.5 folds to Rs 20,100 crore in last one decade, post the Maggi crisis in 2015, according to the company’s latest annual report. Photograph: Danish Siddiqui/Reuters At the time of crisis,

India’s job market sees high mobility, many seeking new roles: Report

India’s job market is witnessing high mobility with a significant percentage of professionals actively seeking new roles, many are now negotiating for better pay within their current organisations, says a survey. Illustration: Dominic Xavier/Rediff The latest Talent Trends India 2025