Inflows into mutual funds grew almost 7 per cent to Rs 40.05 lakh crore in FY23 from Rs 37.70 lakh crore during trailing previous 12 months despite the muted performance of the broader market. According to the data released by the mutual funds body Amfi on Thursday, the industry's net AUM (Assets Under Management) rose [...]
More than 71 per cent of people surveyed are worried about potential layoffs due to market inflation, while 36 per cent believe over-hiring is the reason for attrition, a report said on Thursday. According to a report by HR solutions provider Genius Consultants, 30 per cent of the respondents said that cost-cutting is the reason [...]
Haryana Agriculture Minister J P Dalal on Thursday said that farmers will be given compensation in May for crop damage caused by recent unseasonal rains and hailstorms in various parts of the state. Targeting opposition parties, mainly Congress, he said they should stop misleading farmers and claimed that the BJP-led government was "pro-farmer" which always [...]
The country's exports rose by about 6 per cent to a record USD 447.46 billion during 2022-23 on account of healthy growth in the outbound shipments from sectors like petroleum, pharma and chemicals, according to the government data. Service exports grew by 26.8 per cent to an all-time high of USD 322.72 billion in 2022-23 [...]
Iran on Thursday pitched for joint manufacturing activities with India across industries, saying there are a lot of opportunities for the two countries. Iran's Deputy Foreign Minister for Economic Relation Mehdi Safari also sounded hopeful of an enhanced bilateral trade with India this year. "There are a lot of opportunities... (that) they have in the [...]
India’s growth rate has been modestly downgraded from 6.1 per cent to 5.9 per cent for the current fiscal mainly because of the slowness of domestic consumption and data revision, according to a top IMF official. The International Monetary Fund (IMF) on Tuesday lowered India’s economic growth projection for the current fiscal to 5.9 per [...]
Leading broadcaster Viacom18 on Thursday said it has completed the transaction for strategic partnership with Reliance, Bodhi Tree Systems and Paramount Global. Following the approval of the scheme of merger of Reliance Storage Ltd with Viacom18 by the Mumbai bench of the National Company Law Tribunal, the broadcaster has allotted shares to Bodhi Tree Systems [...]
British Prime Minister Rishi Sunak spoke to Prime Minister Narendra Modi on Thursday and agreed to expedite progress to resolve "outstanding issues" in the India-UK free trade agreement (FTA) negotiations. The phone call came against the backdrop of a media report earlier this week that claimed that India had halted the FTA negotiations with the [...]
Private equity investment in real estate remained stable in the last fiscal at USD 4.2 billion, of which 22 per cent contribution came from domestic investors, according to Anarock. Delhi-NCR market received 32 per cent of the total investment, while office assets garnered 40 per cent of inflows. Foreign investors' contribution stood at more than [...]
Many of India’s proposals have been well supported by the G20 bloc and there has been an active engagement, Union Finance Minister Nirmala Sitharaman said after a series of meetings with her counterparts from the influential grouping here. India assumed the year-long presidency of the G20 in December last year and aims to host a [...]
