Asset management companies launched 239 new fund offerings (NFOs) mobilising Rs 1.18 lakh crore in 2024, with sectoral or thematic equity funds emerging as the top choice of investors, according to a report by Germinate Investor Services Research. This was higher than 212 NFOs collecting Rs 63,854 crore in 2023 and 228 NFOs garnering Rs 62,187 crore in 2022.
Several exit polls have given the BJP an edge over the AAP, which has been ruling in Delhi since 2015.
Commercial banks in India reported a sixth consecutive year of rise in their net profits in 2023-24 while bad loans continued to fall, according to the Reserve Bank of India's (RBI's) annual publication "Trends and Progress of Banking in India", released on Thursday. "Banks' profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets (RoA) at 1.4 per cent and return on equity (RoE) at 14.6 per cent," the report said.
Spinner Maheesh Theekshana's hat-trick was in vain as New Zealand clinched the three-match One-Day International series against Sri Lanka with a game to spare after a 113-run victory in a rain-shortened second one-day international in Hamilton on Wednesday.
The BJP's victory in the 2025 Delhi Assembly elections was largely attributed to the Yamuna pollution issue, with the party successfully capitalizing on the backlash from Haryanvi-origin voters who perceived AAP's narrative on the river's pollution as an attack on their home state. The BJP's campaign focused on presenting itself as both the protector of Haryana's honor and the party with a concrete vision for the Yamuna's revival, ultimately leading to AAP's significant decline in the Yamuna belt and rural areas.
Finance Minister Nirmala Sitharaman will present her 8th straight Budget and all eyes will be on the much-expected tax relief for the middle class. Sitharaman had in her first Budget in 2019 replaced the leather briefcase -- which had been in use for decades for carrying Budget documents -- with a traditional 'bahi-khata' wrapped in red cloth.
Value mutual funds have witnessed robust investor interest, garnering Rs 22,757 crore in inflows in 2024, nearly double the amount seen in 2023, fueled by impressive returns generated by the segment. This surge reflects a shift in investor focus towards fundamentally strong yet undervalued stocks.
From the 30-share blue-chip pack, Adani Ports, UltraTech Cement, Larsen & Toubro, Sun Pharma, HDFC Bank, ICICI Bank, NTPC and State Bank of India were the major laggards. Tata Consultancy Services, Reliance Industries, ITC, Asian Paints, HCL Tech and Maruti were among the gainers.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
India's forex reserves dropped by $3.23 billion to $654.86 billion for the week ended December 6, the RBI said on Friday. In the previous reporting week, the reserves had increased by $1.51 billion to $658.09 billion, ending a multi-week decline in the overall kitty.
This century marked Shankar's 11th first-class ton and second of the season.
The back-to-back series defeats against New Zealand (home) and Australia (away) and the diminishing returns with the bat have put Kohli and Rohit under scanner.
'Peninsular Indians could ask 'Why should we contribute half of India's tax revenues if we account for only a quarter of the seats in the Lok Sabha?'.' 'The rest of the country seems likely to counter that 'democracy means one vote per person irrespective of where that person resides in India'.' 'With no easy answers to this thorny debate, the south's economic ascendancy could end up creating a Hobson's choice.' A revealing excerpt from Nandita Rajhansa and Saurabh Mukherjea's book, Behold the Leviathan: The Unusual Rise of Modern India.
Vidarbha thrashed Maharashtra by 69 runs in the Vijay Hazare Trophy semi-final to enter the final, wher
A look at some of India's best victories over Pakistan in ICC tournaments.
Saurashtra all but ensured Delhi's exit from Ranji Trophy with a 10-wicket victory inside two days in Group D, in Rajkot, on Friday.
Benchmark indices Sensex and Nifty gained around half a per cent to close at nearly five-month high levels on Monday following continuous foreign fund inflows and firm trends in Asian and European markets. Rising for a second straight day, the 30-share BSE Sensex climbed 317.81 points or 0.51 per cent to settle at 62,345.71, the highest closing level since December 14. During the day, it rallied 534.77 points or 0.86 per cent to 62,562.67.
Punjab Chief Minister Bhagwant Mann has dismissed speculation about dissent within the Aam Aadmi Party's state unit, asserting that Congress leaders have a history of switching parties while AAP leaders remain dedicated. Mann's remarks came after Punjab Congress leader Partap Singh Bajwa claimed that over 30 AAP MLAs were in touch with his party. Mann, however, dismissed Bajwa's claims, stating that Congress has a culture of switching sides. The meeting follows AAP's defeat in the Delhi Assembly elections, sparking speculation about instability in its Punjab unit. Mann reiterated the unity within AAP, highlighting his government's achievements, including closing 17 toll plazas, stopping multiple pensions for MLAs, and implementing the Delhi model in Punjab. On the promise of financial assistance of Rs 1,000 to women, he said it will be provided in the coming days. Meanwhile, the BJP has also intensified its attack on the AAP, with BJP leader Manjinder Singh Sirsa taking a dig at Kejriwal for holding a meeting with Punjab MLAs despite AAP's defeat in Delhi.
The party had won 67 seats in the 2025 assembly polls and 62 in the 2020 elections.
From the 30-share blue-chip pack, Adani Ports jumped over 5 per cent. NTPC, Tata Steel, Bajaj Finserv, Zomato, Bajaj Finance, Tata Motors, State Bank of India, IndusInd Bank and Maruti were among the other big gainers. From the 30-share pack, Hindustan Unilever, Titan, Tata Consultancy Services, Infosys and UltraTech Cement were the other laggards.
'When you are scoring runs and taking wickets, everyone is standing with you.' 'But the real test is to realise who is with you during your tough times.'
The Union Budget 2025-26 on Saturday allocated Rs 2,33,210.68 crore to the Ministry of Home Affairs with the majority of the fund -- Rs 1,60,391.06 crore -- being given to central police forces like Central Reserve Police Force (CRPF), Border Security Force (BSF) and Central Industrial Security Force (CISF) which are responsible for internal security, border guarding and security of vital installations.
India pacer Mohammad Shami, playing his third game of the tournament, went for runs as he took 3/61 in 10 overs.
The Aam Aadmi Party (AAP), led by Arvind Kejriwal, suffered a major setback in the Delhi Assembly elections, losing to the Bharatiya Janata Party (BJP). The loss marks a significant blow to Kejriwal's national ambitions and raises questions about the future of the party. The AAP had been in power in Delhi for the past 10 years and had also formed a government in Punjab. Despite the defeat, the party still holds 13 MPs from Punjab and Delhi. The article examines the factors that contributed to the AAP's defeat, including allegations of corruption, poor civic facilities, and the BJP's relentless attacks. It also explores the impact of the loss on Kejriwal's national aspirations and the party's future.
Karnataka won their fifth Vijay Hazare Trophy title, defeating Vidarbha by 36 runs in a high-scoring final. Smaran Ravichandran's stylish century (101 off 92) and Abhinav Manohar's blistering 79 off 42 propelled Karnataka to a commanding total of 348 for 6. Dhruv Shorey's third consecutive century (110) went in vain for Vidarbha, who were all out for 312 in 48.2 overs despite Harsh Dubey's explosive 63 off 30 balls.
From the 30-share blue-chip pack, Zomato cracked nearly 7 per cent. Power Grid, Adani Ports, Tata Steel, NTPC, Tata Motors, Tech Mahindra, Mahindra & Mahindra, Asian Paints, Sun Pharma and UltraTech Cement were the other major laggards. In contrast, Axis Bank, Hindustan Unilever, Tata Consultancy Services and IndusInd Bank were the gainers.
Following the preliminary investigations into the crash of Azerbaijan Airlines Flight 8432 in which 38 passengers were killed near Aktau in Kazakhstan, it was revealed that a Russian missile was responsible for the crash, Euronews reported on Thursday, citing sources from the Azerbaijani government.
Chinese electric carmaker BYD is focusing on launching vehicles in the Rs 25-45 lakh price range in India even as it continues to evaluate customer preferences and demand in more affordable segments, its Head of Electric Passenger Vehicles in India Rajeev Chauhan told Business Standard.
West Indies beat India by nine wickets in the second women's T20 International to level the three-match series 1-1 in Navi Mumbai on Tuesday.
Ever since he has come back into the Indian team last year in October last year, Varun Chakravarthy has proved to be unstoppable, picking up 27 wickets in 10 matches
Images from the first One-Day International between India and England at the Barabati Stadium, in Cuttack, on Sunday.
During the day, it tanked 634.38 points or 0.78 per cent to 80,050.07. The NSE Nifty declined 137.15 points or 0.56 per cent to 24,198.85. "The near-term market construct has turned weak, with FIIs turning sellers on rallies.
A summary of Friday's action in the Ranji Trophy matches across the country.
The monthly Rs 2500 payment for poor women is expected to cost Rs 11,000 crore while the pension scheme of Rs 2000 for every senior citizen will cost around Rs 4100 crore. The Yamuna clean up will cost over Rs 10,000 crore while a similar amount is required to upgrade Delhi's hospitals. Ultimately, the new BJP government will have no choice but to ask the centre for financial support, notes Rashme Sehgal.
The Delhi assembly which held 74 sittings over its five-year term, met for an average of 15 days a year. On the days it met, the assembly sat for an average of three hours.
Banking on the Budget's tax relief, the BJP seeks to energise Delhi's middle class; the AAP is doing its bit too. But will their outreach mobilise this politically crucial yet disengaged electorate?
Ruturaj Gaikwad's whirlwind 148 not out powered Maharashtra to a nine-wicket win over Services
While the Indian women again showcased their tactical prowess, outplaying South Africa 66-16 in the semi-finals, the men's team secured their spot in the final with a 62-42 victory over the team from the Rainbow Nation.
Jammu and Kashmir caused a major upset in the Ranji Trophy as they shocked defending champions Mumbai by five wickets on Saturday.
Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.
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