Inflow in equity mutual funds dropped by 22 per cent to Rs 33,430 crore in August primarily due to a sharp fall in new fund offers (NFOs), data released by the Association of Mutual Funds in India (AMFI) showed on Wednesday. Also, the latest fund infusion by investors marks the 54th consecutive month of net inflows into the segment.
The ceremony, held at the famous St Peter's Basilica and attended by clergy and dignitaries from around the world, witnessed the induction of 21 new cardinals from various countries.
Dahi Handi celebrations in Mumbai were marked by fervor, injuries, and political campaigning ahead of local elections. One participant died, and several others were injured during the event.
New lower GST rates kicked in from Monday, resulting in a slashing of prices of as many as 375 items ranging from toothpaste and shampoo to cars and television sets, a move seen as an attempt to boost consumption to cushion an economy facing tariff headwinds. Tax rates of 5, 12, 18, and 28 per cent have been clubbed into two rates of 5 per cent and 18 per cent, resulting in a reduced price of 99 per cent of daily use items.
On June 28, 2025, Chelsea FC Foundation claimed victory in a hard-fought amputee final with a 2-0 win over Everton in the Community at St George's Park, Burton upon Trent, UK.
Two people died and over 300 were injured during the 'Dahi Handi' festival in Mumbai and Thane. The festival involves forming human pyramids to break pots of curd suspended in the air.
US-based hedge fund Jane Street, which allegedly made handsome gains through market manipulation, has deposited the mandated Rs 4,843.57 crore in an escrow account in favour of Sebi and requested it to lift certain restrictions. The watchdog is examining the request, Sebi said in a statement on Monday.
Canadian forward Olivia Smith, 20, is the first female player to break the seven-figure barrier.
Ola Electric could gain market share in the near term with relatively less disruption expected due to rare earth magnets shortage, according to a report by Goldman Sachs. The company has successfully developed heavy rare earths (HRE) free motors which are scheduled for production deployment in Q3 FY26.
Glimpses from India and around the world that will make you smile and cry.
The Securities and Exchange Board of India (Sebi) has approved a proposal from a startup to test fractional shares in its innovation sandbox, marking a potential shift in the Indian equity landscape. This represents a change in stance from 2021, when Sebi rejected a similar proposal in the regulatory sandbox, primarily due to concerns over the custody of fractional shares.
'The US reciprocal tariff has added another element of uncertainty and the central bank may prefer to wait and get further clarity.'
Argentina-born Pope Francis, who died on Monday, is being honoured at his local hometown soccer club in Buenos Aires, San Lorenzo de Almagro, where the football-loving head of the Roman Catholic Church remained a member during his 12-year papacy.
Markets regulator Sebi on Monday announced that it has allowed Jane Street, the US-based proprietary trading firm accused of market manipulation, to resume trading after the company deposited the mandated Rs 4,843.57 crore in an escrow account. The move comes after Jane Street complied with Sebi's directive, issued in the interim order dated July 3, to deposit the amount in an escrow account.
Pope Francis's connection with India was marked by a mix of hopes and challenges. His long-held wish to visit the country remained unfulfilled, but he made significant contributions to the Catholic community in India, including elevating Indian figures to sainthood and appointing an Indian priest as a Cardinal. While his efforts to resolve conflicts within the Syro-Malabar Church were unsuccessful, his legacy will be remembered for his efforts to promote unity and understanding in the Catholic Church.
In a post on X, Zelenskyy said, 'Good meeting. We discussed a lot one-on-one. Hoping for results on everything we covered. Protecting lives of our people. Full and unconditional ceasefire. Reliable and lasting peace that will prevent another war from breaking out. Very symbolic meeting that has potential to become historic, if we achieve joint results. Thank you POTUS.'
India's active Covid case tally crossed the 5,000 mark with Kerala remaining the most affected state followed by Gujarat, West Bengal and Delhi, according to the Union health ministry data released on Friday.
The Securities and Exchange Board of India (Sebi) on Monday proposed relaxations for asset management companies (AMCs) to serve pooled non-broad-based funds, giving an opportunity to fund houses to expand their business.
'...they always address problems superficially, never tackling root causes.' 'Currently, the policy response will focus on immediate relief -- getting people to safety, providing facilities, clearing debris.' 'This is necessary, but once immediate relief operations end, everything returns to 'normal' without addressing underlying vulnerabilities.'
Among Sensex firms, Eternal, Infosys, Tata Consultancy Services, Tech Mahindra, Reliance Industries, Asian Paints, HCL Tech and Adani Ports were the laggards. Power Grid, Bajaj Finance, NTPC, State Bank of India and IndusInd Bank were among the gainers.
From the Sensex constituents, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, Bajaj Finserv, NTPC, HDFC Bank, Reliance Industries and Axis Bank were among the major gainers. In contrast, Trent, State Bank of India, Tech Mahindra, Maruti and Mahindra & Mahindra were among the laggards.
'The way our President was greeted, that itself shows how far India has come.' 'People were aware of who she is, people know who our prime minister is.' 'Everybody knows India now and everybody respects India.'
The post on the X account of Pope Francis was sent out on Tuesday ahead of Ash Wednesday, the start of the season of Lent when the foreheads of Roman Catholics are marked with the ashes of burnt palm leaves.
'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'
There is a need for real-time or near real-time credit reporting, instead of the current fortnightly system, to improve underwriting precision, enable timely reflection of borrower actions such as loan closures or repayments, and deliver a superior consumer experience, Deputy Governor of the Reserve Bank of India (RBI), M Rajeshwar Rao said on Wednesday.
KSCA T20 auction saw Indian international batter Devdutt Padikkal lead the charts as the most expensive player of the day,
Akasa Air's standalone net loss rose 18.7 per cent year-on-year (Y-o-Y) to roughly Rs 1,983 crore in 2024-25 (FY25), driven by rising employee costs, aircraft maintenance and airport charges, and a sharp increase in foreign exchange (forex) expenses, sources privy to the development told Business Standard.
From the Sensex firms, Tech Mahindra, Tata Steel, Tata Motors, Titan, HDFC Bank, IndusInd Bank, Infosys and Kotak Mahindra Bank were among the biggest laggards. On the other hand, Adani Ports, Mahindra & Mahindra, Power Grid, Eternal and Hindustan Unilever were among the gainers.
K L Rahul would look to make the most of his first red-ball outing in months ahead of the upcoming Test series against England.
Apple's iPhone supplies in India grew 25 per cent year-on-year in March quarter 2025, capturing 8 per cent market share, a CyberMedia Research report said on Monday.
The Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to cut the repo rate by 50 basis points (bps) to 5.5% was contrary to the expectations of many economists. Firstly, most of the economists expected the MPC to cut the repo rate by 25 bps citing the weakening of inflation, prospects of economic growth, geopolitical uncertainty and comfortable system liquidity.
Nick Knight has high expectations from the likes of Kuldeep and Sai Sudharsan who is expected to make his Test debut at Leeds, the venue for the series opener.
From the 30 Sensex companies, Zomato, Tata Motors, IndusInd Bank, Asian Paints, Bajaj Finance, Maruti Suzuki India, Adani Ports, Hindustan Unilever, Reliance Industries, Bajaj Finserv, UltraTech Cement and Infosys were among the laggards. In contrast, State Bank of India, ICICI Bank, Tata Steel, NTPC, Tata Consultancy Services, PowerGrid, Kotak Mahindra Bank and Sun Pharmaceuticals were the gainers.
Amazon Pay UPI has crossed 100 million customers, with the online platform used mainly for e-commerce transactions, utility bill payments and mobile recharges, the company announced on Monday.
New Zealand advance to their third football World Cup following the 1982 and 2010 finals.
India's services sector activity witnessed a sharp uptick in February boosted by improving domestic and international demand, which resulted in a quicker expansion in output and a substantial increase in employment, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose from January's 26-month low of 56.5 to 59.0 in February, indicating a sharp rate of expansion.
Rising demand for premium devices, led by Apple and Samsung, is expected to increase India's smartphone market size to over $50 billion (about Rs 428,900 crore) this year, market research firm Counterpoint Technology Market Research said on Friday. The Indian smartphone market size was estimated at $37.9 billion (about Rs 3.25 lakh crore) in 2021, according to the research firm.
Rescue operations in Kerala's Wayanad district resumed on Thursday, marking one of the largest efforts to save those stranded by the landslides that have hit the region.
Defending champion Aryna Sabalenka and Madison Keys made rocky starts on Thursday but eventually secured contrasting victories to set up a heavy metal Australian Open final showdown
Hyundai Motor India Ltd has become the country's fifth most valuable auto firm by market valuation in its debut trade on Tuesday. Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, listed at Rs 1,931, reflecting a decline of 1.47 per cent against the issue price of Rs 1,960 on the BSE earlier in the day. The stock slumped 7.80 per cent to Rs 1,807.05 during the day and finally ended at Rs 1,820.40 apiece, down 7.12 per cent.
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