Floating-rate mutual funds are back in demand after a year-long period of consistent outflows. In the past three months, investors have poured over Rs 6,100 crore into these debt schemes, indicating a reversal in fortunes for the category that recorded outflows for 11 consecutive months (May 2022 to March 2023), totalling Rs 32,250 crore. Floating-rate funds invest at least 65 per cent in floating-rate instruments, which have their interest rates linked to the Reserve Bank of India repo rate.
'We are expected to grow at above 28 per cent this year, higher than the industry.'
Analysts say those taking exposure through stocks could look at firms focused on domestic business
Posco Daewoo, the South Korean conglomerate whose Cielo sedan and Matiz hatchback were once the pride of Indian car owners, is looking to re-enter India. And its return journey is riding on plans to sell electric bikes and e-cycles. The company termed India's robust economic growth and surging consumer demand as reasons behind its comeback plans, saying they make India "one of the world's most promising consumer markets," according to Y S Choi, general manager, Posco Daewoo South Korea.
The Board of Control for Cricket in India (BCCI) in its working committee meeting held in New Delhi on Monday decided to suspend Rajasthan Royals' co-owner Raj Kundra, who has been accused of betting during the Indian Premier League (IPL) matches.
"We in the satta bazaar trust Sonia Gandhi's manoeuvring skills. Now that it has become a major ego issue for the UPA, Mamata will be isolated. UPA may manage to get Mukherjee elected as President with the help of Mayawati and other smaller parties," said a bookie from Delhi
Medvedev opened as the +225 favorite at BetMGM but has seen his odds lengthen slightly despite the absence of two of his top threats. He has had a rollercoaster 2022 since falling to Nadal in the Australian Open final.
Former chairman of the Sri Lankan cricket board T Sumathipala on Monday rejected Arjuna Ranatunga's allegations that he was involved in placing bets on Indian Premier League matches and threatened to sue the World Cup winning ex-captain.
'Just because of my background and poor academic qualifications, most people disbelieve what I have done.'
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
The PCB decision to involve Akram in cricket affairs "might promote corruption and gambling", Sarfaraz Nawaz has alleged.
Italy's new soccer match-fixing scandal gained momentum, when legal testimony showed former Atalanta captain and Italy midfielder Cristiano Doni admitting his role in illicit betting.
Software services major Wipro, which recently hived off its non-IT business into a separate entity, is betting big on the energy vertical as more companies turn to technology-centric methods for exploration and production of natural resources.
With clean blue waters and golden-white sands, these super beaches have a magic that is hard to keep away from.
Neeraj Chopra will be the cynosure of all eyes as India begins its athletics campaign in the Asian Games
World Cup hosts India cantered to their second successive win of the tournament after captain Rohit Sharma's incendiary century set up their eight-wicket thrashing of Afghanistan on Wednesday.
Here is the timeline of the disaster and the rescue efforts that followed.
A man has been arrested and charged at the Australian Open for 'courtsiding', a form of gambling that involves placing bets on point outcomes during a match from the side of the court, police said on Wednesday.
Israel's Shin Bet released footage on Wednesday of a Hamas terrorist describing his actions in Southern Israel during the October 7 onslaught.
With the company fighting a battle with then petroleum minister Jaipal Reddy and an aggressive Comptroller and Auditor General, seeking answers for investments made in the KG-D6 gas fields, its share price fell below Rs 700 in the middle of 2012.
A young couple sharing a laugh - in the living room over a Polish joke book, on the beach, in the rain - with the tagline, "Made for each other", hung from billboards at prominent street corners from the 1960s to the 1990s. It was a campaign for one of the largest selling cigarette brands in India, Wills (Navy Cut) from the ITC stable, that resonated with a generation of smokers and non-smokers alike till the curtains came down on tobacco advertising in 2004. As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses. In the mind space of Gen Z or millennials, the company represents a gamut of branded products - from frozen food (ITC Master Chef), noodles (YiPPee!), and cookies (Sunfeast) to snacks (Bingo!) and notebooks (Classmate), and so on and so forth.
Amidst growing tension with China over a suspected surveillance balloon, US President Joe Biden has said that the United States will act to protect if Beijing threatens its sovereignty.
Gurunath Meiyappan, son-in-law of BCCI President N Srinivasan and owner of Chennai Super Kings, was arrested here late tonight for his alleged involvment in betting on IPL matches, raising questions over the future of the franchise.
In both of these Hindi heartland states, the straight contest between the ruling Bharatiya Janata Party and the opposition Congress.
Odds on Romney rose to as high as Rs 20 against every Rupee and fell to as low as five paise on Obama.
The Director General of Goods and Services Tax Intelligence (DGGI) has slapped its heftiest tax notice of Rs 21,000 crore on Bengaluru-based Gameskraft Technology (GTPL) for allegedly evading GST on the betting amount. Gameskraft has dubbed the notice a "departure from the well-established law of the land". The company is accused of promoting online betting through card, casual and fantasy games like Rummy Culture, Gamezy and Rummy Time.
The medium-term scenario for oil marketing companies (OMCs) is high risk due to the surging crude and gas prices. Apart from OPEC-plus cutting production, the Hamas-Israel conflict has caused fears of supply disruption. The July-September quarter of 2023-24 (Q2FY24) saw positive surprises for OMCs. Strong gross refining margins (GRMs) more than offset weak marketing margins.
Investments by private equity and venture capital funds declined by 44 per cent to $3.7 billion in February compared to the same period a year ago, a report said on Monday. The bets by the long-term investors were 13 per cent lower when compared to the investments in the preceding month of January, the report by industry lobby Indian Venture and Alternate Capital Association and consultancy firm EY, said. "...rising global recession concerns, increasing cost of capital and mismatch in valuation expectations between sellers and investors are turning out to be major impediments in the deployment of capital," EY's partner Vivek Soni said.
Much of this has been made possible by the owners's insistence on building a team, rather than banking on a collection of talented individuals not necessarily suited to play alongside one another.
Vukov has tattooed Rybakina's name and the date of this year's Wimbledon final on his right arm
After 16 days of intense efforts by multiple agencies, all 41 workers trapped in Uttarakhand's Silkyara tunnel in Uttarkashi have safely been evacuated on Tuesday evening.
As Coco Gauff ponders a fortnight without tennis following her first-round loss at Wimbledon, she might be tempted to phone one of the sport's most accomplished coaches.
While many of them were engaged by Israeli forces, some managed to sneak back into Gaza with more than 200 civilian hostages.
However, weakness in RIL and ONGC dragged Nifty below 6,500.
Foden caused a stir on social media before the tournament when he shared a picture of him dyeing his short black hair
The combined weight of IT companies in the benchmark Nifty 50 index is now at a five-year high of 15 per cent as these companies continue to outperform the broader market.
Bets of nearly Rs 500 crore have been accepted in the satta bazaar or the illegal betting market over the past two days, with punters riding high on odds that the Congress-led United Progressive Alliance government will survive a confidence or trust vote in Parliament.
Walmart-owned fintech firm PhonePe said it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe. The company said it is the first Indian internet company to have reached this scale globally. This milestone has been achieved in just over 7 years since the PhonePe UPI (Unified Payments Interface) payments launched in August 2016.
Making the Pixel 8 in India will not necessarily bring the price down -- witness iPhones made in India that are more expensive than those in the US and Dubai.
Ohanian and Williams sisters taking up golf with TGL ownership
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