MUMBAI: Mutual fund (MF) houses are restricting large inflows into gold exchange traded funds (ETFs) and fund of funds (FoFs) feeding into such schemes in order to align with govt’s recent policy of discouraging people from buying gold.Three large fund houses–HDFC MF, ICICI Prudential MF and Nippon India MF–have restricted large inflows into gold funds….
New Delhi: Govt will have to look at not only reducing price of high-ethanol blended petrol and pure ethanol, but also the cost of flex fuel vehicles (FFVs), which would be using the fuel, to create a high demand among consumers, experts said, acknowledging that current 20% blending has helped save India approximately 4.5 crore…
Foreign portfolio investment (FPI) debt inflows have accounted for 62 per cent of cumulative equity inflows into India since FY 1998-99, marking the growing importance of the country’s debt market in attracting foreign capital, according to a report by DSP Mutual Fund. India has received $95.5 billion in FPI debt inflows in about 28 years,…
The US Treasury Department‘s financial crimes unit has asked banks to watch for signs of identity theft, payroll tax fraud and money laundering linked to the employment of people living in the country illegally, marking the latest step in President Donald Trump’s immigration crackdown, AP reported.The Financial Crimes Enforcement Network (FinCEN) on Friday issued an…
The government has extended the tenure of Reserve Bank Deputy Governor Swaminathan Janakiraman for another two years.He was appointed as RBI Deputy Governor for three years in June 2023.“The Central Government has re-appointed Swaminathan Janakiraman as Deputy Governor, Reserve Bank of India, for a period of two years with effect from June 26, 2026, or…
Today’s GDP data is being seen as a sign of India’s underlying economic strength. (AI image) India’s economy continues to defy all growth projections. But for how long? At 7.8%, India’s GDP growth for the fourth quarter of FY 2025-26 beat all estimates by a wide margin. Retaining its tag of being the fastest growing…
Union minister Pralhad Joshi (File photo) NEW DELHI: More than 75 lakh households will be powered by rooftop solar systems installed under PM Surya Ghar Muft Bijli Yojana by Dec, minister for new and renewable energy Pralhad Joshi said on Thursday.“PM Surya Ghar Muft Bijli Yojana is transforming India’s energy landscape at an unprecedented pace….
New Delhi: State-run Oil India Limited (OIL) on Friday said it has reported the presence of natural gas in its third exploratory well in the Andaman shallow offshore block, further indicating hydrocarbon potential in the region.In a regulatory filing to stock exchanges, the company said natural gas was encountered in exploratory well Vijayapuram-3, drilled 15…
India and the United States have held “positive and constructive” discussions on finalising a bilateral trade agreement, the government said on Friday, following a fresh round of negotiations between the two sides.A delegation from the Office of the United States Trade Representative (USTR) visited India from June 1 to 4 to advance talks on the…
Experts are of the view that India’s bonds have been made attractive. (AI image) Looking to preserve its foreign exchange reserves and defend the rupee, the government and the Reserve Bank of India on Friday announced several steps aimed at attracting foreign inflows. Record foreign capital outflows amid the ongoing US-Iran conflict have added immense…
