Carmakers Gear Up To Hit Refresh Button
‘In India’s competitive automotive market, staying relevant means continuously raising the bar.’ Source link
Gold-silver rush pushes passive fund share in MF AUM to record in 2025
Passive funds have resumed gaining ground in the mutual fund (MF) industry after a slowdown in 2024, with their share of assets under management (AUM) reaching an all-time high in 2025. Illustration: Dominic Xavier/Rediff The surge has been driven largely
Forex reserves rise by $4.36 bn to $693 bn
India’s forex reserves jumped by $4.36 billion to $693 billion during the week ended December 19, the Reserve Bank said on Friday. Illustration: Dado Ruvic/Reuters The overall kitty had increased by $1.69 billion to $688.95 billion in the previous week.
Sensex sheds 367 points on foreign fund outflows
Benchmark stock index Sensex dropped by 367 points in its third straight day of losses on Friday due to foreign fund outflows and lack of any major domestic triggers. Photograph: Arko Datta/Reuters Falling for the third consecutive day, the 30-share
Odisha leads in GST growth, T’gana in..
A shift appears underway in India’s tax landscape. States with relatively smaller tax collections like Odisha and Telangana are emerging as the fastest-growing contributors to indirect and direct tax collections, respectively. Illustration: Dominic Xavier/Rediff They are challenging the long-standing dominance
Bharti Enterprises, Warburg Pincus to acquire 49% stake in Haier India
Sunil Bharti Mittal-led conglomerate Bharti Enterprises and private equity firm Warburg Pincus will collectively acquire a 49 per cent stake in Haier Appliances India, the local unit of China’s Shandong-based Haier group, for an undisclosed amount. Photograph: Aly Song/Reuters The
Prosus says India as one of its most critical growth markets
‘Unlike the US, which is largely homogeneous, India has many languages, many demographics, very different discretionary spending, and very different digital maturity.’ Image used for representation purpose only. Photograph: Francis Mascarenhas/Reuters Prosus, the Amsterdam-based technology investor with net assets valued
Centre proposes allowing captive miners to sell surplus mineral output
The Centre has proposed allowing captive mine owners to sell minerals in the open market after meeting the requirement of their linked end-use plants, as part of a broader overhaul of mineral concession rules aimed at easing operational restrictions and
IFSCA relaxes norms for fund management bodies in GIFT City
The International Financial Services Centres Authority (IFSCA) has cleared a series of regulatory relaxations to ease operations for fund managers in GIFT City, along with a revamped framework for global in-house centres (GICs) and capital market intermediaries. Photograph: Amit Dave/Reuters
Stock markets end lower in volatile trade
Benchmark equity indices Sensex and Nifty ended lower in a volatile trade on Wednesday as trading volumes remained subdued amid the year-end holiday-shortened week and mixed trends in global markets. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex dropped by 116.14