Undeterred by the stock market volatility, uncertainty due to the Ukraine-Russia war and high inflation, equity mutual funds continue to remain attractive choice for investors for the 15th straight month, registering a net inflow of Rs 18,529 crore in May on robust SIP numbers. This was higher than Rs 15,890 crore net inflow in April, data from the Association of Mutual Funds in India (AMFI) showed on Thursday. Equity schemes have been witnessing net inflow since March 2021, highlighting the positive sentiment among investors.
England fell short of victory as West Indies survived for a tense draw despite a top-order collapse on the final day of the first Test in North Sound on Saturday.
Investors continue to back-up equity mutual funds in June as such schemes attracted a net inflow of Rs 15,498 crore on strong flows from systematic investment plans despite volatility in the stock market and relentless selling by Foreign Portfolio Investors (FPIs). This also marked the 16th straight month of positive inflow in equity schemes. Inflows into equity mutual funds in June was lower compared to the net inflow of Rs 18,529 crore seen in May, data from the Association of Mutual Funds in India (AMFI) showed on Friday.
The National Investigation Agency arrested Waze on Saturday night in connection with its probe into the recovery of a Scorpio containing 20 gelatin sticks near Mukesh Ambani's home on February 25.
The number of people who have recuperated from the disease surged to 98,34,141 pushing the national recovery rate to 95.99 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.
The Santacruz observatory recorded 286.4 mm rainfall during the 24-hour period ending at 8.30 am on Wednesday, making it the fourth highest rainfall in Mumbai since 1974, an Indian Meteorological Department official said.
Mumbai Mayor Kishori Pednekar on Friday said Prime Minister Narendra Modi is serious and proactive about the state's issues and accuses people under PM of not taking this issue with same seriousness.
Purnendu Maji and Srinivas Bhogle list IPL 2021's 50 Most Valuable Players.
A summary of all the action from Ranji Trophy matches played on Wednesday.
At a closed-door meeting with global investors, the largest asset manager in the country boasted of its nearly Rs 37 trillion assets under management (AUM) - 16.6 times that managed by the second-largest insurer SBI Life. The numbers are as of March 31, 2021. The assets of LIC are 1.2 times the net assets of the entire Indian mutual fund industry, which had AUM of Rs 31.43 trillion as of March 31, 2021 (about Rs 37.3 trillion until November this year). The standalone assets that LIC manages are equal to 18.7 per cent of India's GDP and worth more than gross domestic product (GDP) of the UAE, Bangladesh, Malaysia, Singapore, Hong Kong, South Africa, New Zealand, and Pakistan.
A summary of Thursday's action in the Ranji Trophy group stage matches.
Then, in the 10m air pistol mixed team competitions, India's top pair comprising Manu Bhaker and Chaudhary too came overall second among 43 pairs, shooting a combined score of 580 out of a possible 600.
A summary of Friday's action in the Ranji Trophy matches across the country.
A summary of Ranji Trophy matches played on Thursday.
The government's subsidies on food, fertilisers and petroleum are estimated to decline by 39 per cent to Rs 4,33,108 crore this fiscal and fall further by 27 per cent to nearly Rs 3.18 lakh crore in 2022-23. In its revised Budget (RE) estimate for the 2021-22 fiscal, the government has pegged total subsidies to be at Rs 4,33,108 crore against the actual Budget estimate of Rs 7,07,707 crore in the previous financial year. Out of which, the food subsidy is estimated to decline to Rs 2,86,469 crore in the current fiscal from Rs 5,41,330 crore in 2020-21, while petroleum subsidy is estimated to fall to Rs 6,517 crore from Rs 38,455 crore in the said period.
There are 2,89,240 active cases of coronavirus infections in the country which comprises 2.86 per cent of the total caseload.
A single-day rise of 34,457 Covid-19 cases pushed India's tally to 3,23,93,286 on Saturday, while the number of active cases declined to 3,61,340, the lowest in 151 days, according to Union health ministry data.
The ministry said that active cases have declined to 3,64,129, the lowest in 149 days, and comprise 1.13 per cent of the total infections, the lowest since March last year.
Given the economic trends, it might make sense to allocate some savings to gold.
India recorded 4,03,738 fresh COVID-19 cases in a day, which pushed the tally to 2,22,96,414, according to the Union health ministry data updated on Sunday.
Kane Williamson's burgeoning 215-run stand with Henry Nicholls, who was batting on 89, helped the hosts finish Day 2 on a strong 286-3 in reply to Pakistan's first innings total of 297.
Nagaland's scorecard resembled a telephone number, 0, 7, 0, 0, 0, 1, 0, 7, 10, 0 and 0 not out as they crashed for 25 against Uttarakhand.
The hosts ended the day on 144-4 and Henry Nicholls (26) and BJ Watling (six) will resume in Mt. Maunganui on Saturday to try and eat into their 209-run deficit after England were dismissed for 353 after lunch on Friday.
For MP, Saransh Jain, Kumar Kartikeya and Anubhav Agarwal also took two wickets apiece. MP got seven points from the win. The outright-winning team gets six points while a victory of an innings or 10-wickets fetches seven points.
To attract bidders, the government had decided to hive of around Rs 35,000 crore of the company's debt into a separate subsidiary, leaving around Rs 23,286 crore to be absorbed by the new bidder.
A summary of all the action from Day 2 of the Ranji Trophy matches played on Wednesday.
Air India owns 32 aircraft, and has 37 aircraft on finance lease; Air India Express owns 17 aircraft on finance lease. The aircraft-related debt of Air India is Rs 16,000 crore; it's Rs 1,100 crore for Air India Express.
The government expects to realise Rs 35,100 crore from the partial sale of Bharatnet fibre assets and around 13,500 mobile towers owned by state-run telecom firms as part of its national monetisation pipeline released on Monday. Government think tank Niti Aayog has valued over 2.86 lakh kilometre of optical fibre assets laid by BBNL and BSNL under rural broadband project Bharatnet at Rs 26,300 crore, according to the National Monetisation Pipeline (NMP) document. According to the document, BSNL's 13,567 mobile tower assets and MTNL's 1,350 towers have been valued at Rs 8,800 crore.
The total active caseload increased to 1,97,237, which now comprises 1.74 per cent of the total infections, while the recovery rate has dropped to 96.86 per cent.
The first batch of four Rafale aircraft will arrive in India by May 2020.
The only reason for the new deal is to give Rs 30,000 crore to industrialist Anil Ambani, the Congress chief alleged.
India's merchandise exports in October surged 42.33 per cent to $35.47 billion on the back of good performance by the engineering and petroleum sectors, as per provisional data released by the government on Monday. The exports stood at $24.92 billion in October 2020 and $26.23 billion in October 2019. "India's merchandise exports in October 2021 was $35.47 billion, an increase of 42.33 per cent over $24.92 billion in October 2020 and an increase of 35.21 per cent over $26.23 billion in October 2019," as per an official statement.
Due to a sharp rise in Covid cases, Mumbai's civic body, the Brihanmumbai Municipal Corporation, on Thursday imposed a weekend lockdown in the city until further orders.
England lost all 10 wickets in their second innings to spinners, who bowled the lion's share of India's overs.
India remains a young nation, but it will not get younger in future. India has not managed to noticeably improve education. Nor has it managed to create employment opportunities, observes Devangshu Datta.
The recovery rate among COVID-19 patients has increased to 64.51 per cent.
Maharashtra, Punjab, Karnataka, Chhattisgarh and Gujarat are reporting a surge in daily COVID-19 cases and the five states together account for 77.44 per cent of the new infections, the Union health ministry said on Wednesday.
Rohit Sharma presented an autographed hat to a fan named Meena
'The signal is crude oil prices will rise, I am cutting my subsidy. Be prepared, prices will rise.'
Industrial production surged by 13.6 per cent in June mainly due to a low-base effect and good performance by manufacturing, mining and power sectors but the output remained below the pre-pandemic level. The manufacturing sector, which constitutes 77.63 per cent of the Index of Industrial Production (IIP), grew by 13 per cent in June this year, according to the data released by the National Statistical Office (NSO) on Thursday. The mining sector output rose by 23.1 per cent in June while power generation increased by 8.3 per cent.
