India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
Calls for a rethink on why some sectors should get more easy credit than others
Outward remittances under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS) surged by 50.64 per cent to $9.1 billion in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24), driven by healthy growth across segments due to a revision in the timeline of tax collected at source under the LRS scheme and normalisation in international travel. Major drivers include equity and debt investments, deposits, and the international travel segment, among others. According to the latest RBI data, the amount remitted under LRS stood at $9.1 billion in Q1FY24, compared with $6.05 billion in the same quarter last year.
IDFC First Bank delivered good results in the first quarter of this financial year (Q1FY24), but some analysts are concerned the bank is fully-valued. So, there has been profit-booking after a price rise. Growth went side-by-side with a focus on cutting interest costs and exposure to high non-performing infrastructure loans. The mortgage book is 28 per cent, of which 24 per cent is home loans and loans against property.
Indians remitted close to $2 billion in November under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS), latest data released by the central bank showed. Outward remittances under the scheme jumped 29 per cent to $1.99 billion compared to $1.54 billion in the year-ago month. Sequentially, outward remittances under the scheme were up about 3.5 per cent.
Info Edge (India) reported good Q2FY24 results with hiring across other segments helping offset weak IT performance. The revenue increased 11.5 per cent year-on-year (Y-o-Y) to Rs 593 crore, (up 1.5 per cent quarter-on-quarter or Q-o-Q). The earnings before interest, taxes, depreciation, and amortization (Ebitda) margin was excellent at 40.7 per cent, up 200 basis points year-on-year (Y-o-Y).
OMG 2 is Akshay Kumar's 16th century at the box office. With this, he is the joint holder of the top spot in the 100 Crore Club (Rs 1 billion) along with Salman Khan, who has an equal number of centuries.
The point made by sociologist M N Srinivas, that it represented a Sanskritic act that was linked to caste, is never raised in Indian debates and the disapproval of drink is almost universal, notes Aakar Patel.
Two ministers who raised the banner of revolt with former deputy chief minister Sachin Pilot during the political crisis also find their names in the list.
HDFC Bank on Monday reported a consolidated net profit of Rs 16,811 crore for the September quarter, its maiden quarterly earnings announcement after merging parent HDFC with itself. On a standalone basis, the largest private sector lender reported a net profit of Rs 15,976 crore. In the year-ago period, the net profit of the merged entity would have been Rs 11,162 crore on a consolidated level while the same on a standalone basis would have been Rs 10,606 crore.
Outward remittances in February under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS) fell 23 per cent over January, latest data released by the central bank, in its monthly bulletin, revealed. In February, Indians remitted $2.1 billion under the RBI's liberalised scheme. On a year-on-year (YoY) basis - aided by international travel - LRS jumped 15.24 per cent. Further, in April 2022-February 2023, outward remittances under LRS stood at $24.18 billion, an all-time high.
Veteran Communist leader and former chief minister V S Achuthanandan, one of the most popular and crowd-puller leaders in the history of the ruling Communist Party of India-Marxist in the state, turned 100 on Friday.
'Sri Ayodhyaji will emerge as the greatest centre of cultural togetherness, universal harmony, vasudeva kutumbakam, compassion, and love for every single living being on this Earth.'
Was descending into the telling of only Diana's tale in four long, slightly-draggy soap-opera-ish episodes of the last season the original premise of The Crown? asks Vaihayasi Pande Daniel.
'I somehow felt that Muzaffar Ali was in Aligarh to feel the pulse of the Muslim youth, especially in the darker and harsher times that India is passing through,' notes Mohammad Sajjad.
The India personal computer (PC) market shipment, inclusive of desktops, notebooks, and workstations, dropped by an overall 30.1 per cent in the first quarter of CY2023 over the previous year, to only 2.99 million units, according to the latest data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker released on Tuesday. In Q1CY23, while the demand for desktops was positive, the notebook category witnessed another weak quarter as it declined by 40.8 per cent year-on-year (y-o-y). The consumer segment declined by 36.1 per cent y-o-y primarily due to slowing demand and weak market sentiment.
"Our party is stronger than the Congress in the state. While the Congress won 40 seats in panchayat polls, we scored a victory in 83 panchayats. AAP got over 40 lakh votes in these polls, where 1600 party candidates contested," Singh, AAP's UP in-charge and Rajya Sabha MP Sanjay Singh said.
The students demanded they be allowed to don the scarves while writing papers for the pre-board exams of class 12 claiming that some of their batchmates had already turned up in the previous day's exams wearing 'hijab', the spokesperson said.
'We should see to it that not even one woman gets radicalised.' 'We should not let even one young man become a jihadi.'
This International Women's Day, let's celebrate the women who make our lives more meaningful.
For that to happen, Moitra's much followed speeches should be heard outside Parliament so that the PR spins of the ruling dispensation are countered with informed debate, argues Shyam G Menon.
Class 10 to NEET, student suicides expose flaws in result-oriented education system.
Uttar Pradesh deputy Chief Minister Dinesh Sharma has said the issue of the state's next CM is already 'settled' with the BJP top brass making it clear that the coming assembly elections will be fought under the leadership of Yogi Adityanath.
Medical seats for under-graduates and post-graduates remaining vacant in the NEET era, together with the Centre 'freezing' the number of medical colleges and seats in (Dravidian) Tamil Nadu and the launch of the PM's 'Vishwakarma Scheme' for the nation's craftsmen, are all seen as a bid to further reverse the state's progressive socio-economic agenda of and its achievements of the past hundred-plus years, argues N Sathiya Moorthy.
Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.
When he stood to speak for the princes, he surprised the British when he declared, 'The breeze is blowing from east to west. It will uproot and blow off the British. It is my earnest request to my British friends to now quit India respectfully'.
In a nation of 1.4 billion people, where a potential new creator is born every second, we pick 25 influencers who have ruled social media this year.
The Congress needs to reorganise itself at the grassroots, infuse younger blood, and have more boots on the ground. Just offering freebies is not the answer anymore. Leadership matters, asserts Ramesh Menon.
This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.
Dubbed as "Jobs Governor", Haley turned South Carolina's economy around during her tenure as governor and transforming the state into a manufacturing powerhouse. She cut taxes, repealed burdensome regulations, and turned South Carolina into "the Beast of the Southeast". Under her leadership, figures note, the state's unemployment rate hit a 15-year low, and when she left office, South Carolina was at full employment.
The jury is still out on Chhatriwali's flimsy public service, but Rakul sure passes the quality check, applauds Sukanya Verma.
Extraordinary award-winning photographs from more than 20,000 images from all over the world.
I feel it is utterly silly to disproportionately celebrate academic achievements in school and college when there is so much life and transformation by life yet to happen, states Shyam G Menon.
Tamil Nadu is the celebrated home of the 'social justice' movement in the country, yet caste differences and violence has only been increasing in numbers and becoming more brutal in recent years, observes N Sathiya Moorthy.
'The end of WFH has made achieving work-life integration more challenging for women.'
Divita made it to the Top 16 in the pageant.
True, Azam Khan is being targeted rather disproportionately and also because of his Muslim identity. That must be protested and resisted. But to say that he is a big messiah, and his profit-making educational enterprise is an issue concerning all Muslims of India, is absolutely unjustified, assert Mohammad Sajjad and Md Mohammad Zeeshan Ahmad.
At an event at Chhatrapati Shivaji Maharaj Terminus in south Mumbai, Modi first flagged off the the CSMT-Solapur Vande Bharat Express and later another semi high-speed train linking the financial capital to Sainagar Shirdi temple town in Ahmednagar district.
As we enjoy his thrilling The Night Manager series, Deepa Gahlot looks at 10 Anil Kapoor films on OTT that shows off his versatility and star power.
Prachi Dhabal Deb, who began her career as a financial analyst, but found her heart in the field of confectionery art.
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