Shrinking inflows and surging outflows on account of profit-booking has curtailed mutual fund (MF) investments in equities since April. The total investments made by equity MFs during the first three months of 2023-24 stands at just Rs 2,980 crore, compared with an average monthly investment of Rs 14,500 crore in 2022-23, reveals data from the Securities and Exchange Board of India. "We are seeing signs of moderation in non-systematic investment plan (SIP) contribution, which has impacted domestic fund inflows in recent months to some extent," says Kunal Vora, head-India equity research, BNP Paribas.
'Ghulam Nabi Azad and Kapil Sibal are the two people who have been marked and punished'
AICC general secretary incharge of Chhattisgarh B K Hariprasad says he does not think rebel Congress leader Ajit Jogi will raise the banner of revolt now. Anita Katyal reports
He has also convened the first meeting of the extended CWC on July 22 to chalk out the party's future strategy.
The Congress alleged that the money-laundering law has been weaponised to target and humiliate people, and urged the Supreme Court to decide soon on the matter concerning the National Herald-Associated Journals Limited case.
Congress vice president Rahul Gandhi attacked the Modi government of forcing everyone into silence at a function to re-launch the National Herald newspaper.
Protests continued for the 14th day, seeing proceedings in the Rajya Sabha and Lok Sabha being washed out.
The other two accused in National Herald case are Sonia Gandhi and her son Rahul Gandhi, but they had not moved the high court against summoning of the documents and balance sheet.
Many leaders who appealed to Gandhi to stay argued that their political futures depended on his presence in the party and hence he must stay.
While all political parties have been talking about following in the footsteps of the debutant Aam Admi Party by fielding fresh faces in the coming Lok Sabha polls, Bihar Chief Minister and Janata Dal-U leader Nitish Kumar has set the ball rolling by deciding not to renominate his party's three sitting MPs in the coming biennial elections to the Rajya Sabha scheduled for February 7. Anita Katyal reports.
A divided house until recently, Congress is putting up a spirited campaign to checkmate BJP in its erstwhile stronghold of Naxal-dominated Bastar region of Chhattisgarh where the ruling party hopes to cash on its developmental agenda coupled with Chief Minister Raman Singh's clean image in the Assembly elections.
The Congress, however, downplayed it saying the party did not want to involve its senior leaders in the issue.
While its performance in Bihar, has boosted fund collections, corporate contributors are still waiting to see its performances in Assam, Kerala, Tamil Nadu and West Bengal before committing funds to the Congress.
Addressing a press conference in Dehradun, Harish Rawat accused the BJP-led central government of 'killing democracy' by using its brute majority to cause 'political instability' in a small state.
The occasion at Congress party headquarters on 24, Akbar Road in New Delhi was that of celebration, one that is rare with the party these days. However, what prevailed was confusion, chaos and mayhem.
The swearing in of the new members will begin on Thursday and continue on Friday, when the Lok Sabha speaker will be elected. Rediff.com contributor Renu Mittal reports
The senior Congress leader asserted that those calling for reform should have had a discussion with others as well.
The Congress chief and her son were given bail on furnishing a personal bond of Rs 50,000 and one surety each. Three others including Motilal Vora, Oscar Fernandes and Suman Dubey were also granted bail.
Hitting back over Bharatiya Janata Party leader Subramaniam Swamy's allegation questioning his nationality, Rahul Gandhi on Thursday accused Prime Minister Narendra Modi of "throwing mud" on him through his "cronies" and dared the government to "jail" him if he is guilty.
Congress vice president Rahul Gandhi has called a meeting of chief ministers of 12 Congress-ruled states to figure out how to fill out the vacancies in the Rajya Sabha. Highly-placed sources have said that he wants to cajole Amethis's former feudal lord Sanjay Singh; by giving him an RS ticket, in view of his own weak position in Amethi. Renu Mittal reports.
'All the hoardings showed only Rahulji. No pictures of Indiraji and Rajivji. What is the Congress's worth without its history? It is unthinkable that none of our hoardings shows Indira and Rajiv. It was a total fiasco to see that many advertisements were in black and white. In such competitive politics, how can you experiment?' fumes a Congress leader.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Share swap has moved the 'founder tag' from Sam Pitroda and Suman Dubey to the Gandhis.
A majority of Congress leaders said the party will face desertions if Rahul Gandhi does not remain the leader.
The leaders alleged that those who had no contribution in the freedom struggle wanted to spread fear 'in the name of nationalism', suppress the voice of people and were questioning the legacy of Congress.
Former Prime Minister Manmohan Singh, who is hailed as the architect of economic reforms in the country, is a member of the Parliamentary Standing Committee on Finance, it was announced on Tuesday.
Rejecting the Election Commission's suggestions on transparency and accountability in poll funding, the Congress party has expressed its inability to issue receipts to all persons or companies making donations to it for elections as it "neither practical nor possible".
The Congress had won over 400 seats in the 1984 Lok Sabha election after which Rajiv Gandhi became the prime minister.
The Congress' protests in the national capital were replicated in other parts of the country.
Congress president Rahul Gandhi on Sunday chaired his first meeting of the newly constituted Congress Working Committee two days after the no-confidence motion in Lok Sabha which the Opposition lost.
'Mamata will beat the living daylights out of BJP workers with the result that people who are not totally committed, they will promptly leave the party and go back to Trinamool.' 'Or when they find they cannot get what they came to the BJP for they will go back to Trinamool.'
'Temperamentally, they are quite alike.' 'Ahmed Patel avoided the limelight and was not a power seeker.' 'The Gandhis too are not power wielders, but trustees of power.'
The results, while bringing the Congress back to power in this state, also end the rule of the 66-year-old BJP stalwart, who has earned several monikers during his 15-year-long tenure -- Doctor saheb being a trained Ayurvedic medical practitioner, chaur wale baba for his popular rice scheme and the 'Mobile Wale Baba' for giving free smartphones to 50 lakh women and students.
What is the National Herald case all about? Here's a ready reckoner.
Accusing the government of spreading misinformation in the National Herald case, the Congress said it was proud to be associated with the newspaper that stood up in pre-independence times against the British for throttling free speech, similar to the present day climate.
According to telcos and analysts, this is due to SIM consolidation happening after the minimum recharge plans were implemented by incumbents.
'It seems clear that what the Gandhis have done is, if not criminal, at least improper. The fact is that having never had to work for a living, having never had to look for a job like the rest of us, having always lived in government housing their entire lives, it is only natural that they should see no difference between personal property and everything else,' says Aakar Patel.
No one else filed papers till Sunday, according to Mullapally Ramachandran, the chairman of the party's Central Election Authority.
'Should the Congress take Jyotiraditya's departure as good riddance?', asks Mohammad Sajjad.
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