After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025.
Sri Lanka's state-owned petroleum corporation announced fuel rationing for vehicles with effect from Friday, as an unprecedented economic crisis roils the country.
Severe heatwaves, responsible for thousands of deaths across India over the last few decades, are increasing with alarming frequency and soon the country could become one of the first places in the world to experience heatwaves that break the human survivability limit, according to a new report.
The development came as the local fishermen in the North have been protesting for over a week to stop the Indians from entering the Sri Lankan waters for fishing.
Amid strained ties with Pakistan, the United States has disbursed USD 2.2 billion (Rs 11,440 cr) civilian aid to Islamabad in the past two years under the Kerry-Lugar-Berman bill, the State department has said.
Nasscom Foundation along with Google has set up a call centre in collaboration with a not-for-profit body ISAP to help women farmers scale up their business. The project is being run on a pilot basis to initially reach out to 20,000 rural women entrepreneurs across six states -- Himachal Pradesh, Uttarakhand, Uttar Pradesh, Bihar, Haryana and Rajasthan, Nasscom Foundation CEO Nidhi Bhasin said at the launch of "DigiVaani Call Center". "DigiVaani will be one place where rural women entrepreneurs will be able to call and get the information around various schemes available for them, which can help them scale up their business, be it government scheme or any other information that can be of help for them.
PV Sindhu still has the hunger to succeed, and the primary aim is to help her regain consistency, says her new coach Anup Sridhar, who has been roped in by the two-time Olympic medallist on a trial basis following the Paris Games.
All essentials are in short supply due to import restrictions forced by the forex crisis.
'If tech giants like Amazon, Google, Apple and Meta enter the IPL broadcasting arena, it could further revolutionize sports media in India.'
Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
Capital markets regulator Sebi has kept the proposed Rs 4,500-crore initial share-sale of edible oil major Adani Wilmar Ltd (AWL) in "abeyance". However, the Securities and Exchange Board of India (Sebi) did not clarify further. The company had filed preliminary papers with Sebi on August 3, to raise funds through an initial public offering (IPO).
Foreign Direct Investment flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said.
'We are at the moment working with India to encourage India to hold accountable, those responsible for this terrible crime'
The department for promotion of industry and internal trade has rejected Walmart-backed Flipkart's proposal seeking approval for entry to the food retail sector, citing a regulatory issue, an official said on Monday. The government permits 100 per cent foreign direct investment in food retail for food produced and manufactured in India.
Consumer electronics giant Royal Philips Electronics on Monday said it is planning to cut 4,500 jobs globally as part of a cost saving programme and did not rule out the possibility of this exercise affecting employees in India.
Abu Dhabi's International Holding Company, one of the first high-profile investors in billionaire Gautam Adani's conglomerate, has decided to sell its stake in two Adani companies. In a disclosure, IHC said it has "entered into a definitive agreement with a buyer to dispose of its FDI investment in Adani Green Energy Ltd and Adani Transmission Ltd". It, however, did not name the buyer.
Released by the Trump campaign in form of a 35-page booklet, none of these allegations are new and have been known in the public domain for past several years.
'Sullivan and Jaishankar welcomed the cooperation in recent weeks that resulted in deliveries of over USD 500 million in COVID-19 relief supplies from the US federal and state governments, US companies and private citizens across America for the people of India'
Jyoti Randhawa and Chapchai Nirat are in joint lead after the penultimate round at Indian Open golf.
Country's top-ranked golfer Jeev Milkha Singh will spearhead the local challenge at the Indian Open beginning from Thursday.
Star javelin thrower Neeraj Chopra on Thursday lauded World Athletics' decision to award USD 50,000 to all its gold-medallists in the Paris Olympic Games and said he would like to see such incentive being given in other global competitions as well.
Among Sensex shares, Bajaj Finserve, ICICI Bank, Bharti Airtel, Bajaj Finance, Sun Pharma, Maruti Suzuki, ITC, and Nestle were the lead gainers. On the other hand, L&T Wipro, IndusInd Bank and TCS and Tata Motors were the lead losers.
The visit comes two days after Pakistan officials shared with the Chinese embassy the preliminary findings of their investigation into the attack.
Musk has blamed activists for a significant drop in the company's revenues.
The dissidents, led by former president Sirisena's Sri Lanka Freedom Party, would leave the ruling Sri Lanka Podujana Peramuna coalition with its 14 Members of Parliament, party sources said after their meeting with the President on Monday.
Basil had negotiated the Indian economic relief package to help Sri Lanka tackle the current foreign exchange crisis.
The Indian ace Jeev Milkha Singh is in third place at the Thailand Open, behind leaders Harmeet Kahlon and Australia's Scott Barr.
Gold prices in the country may even dip to Rs 20,500 per ten grams.
Two other Indians, Harmeet Kahlon and Shiv Kapur, cruised into the top-ten at the mid-way stage of the Thailand Open.
The move comes close on the heels of rival Credit Suisse Group announcing about 2,000 job cuts last month.
Indian shuttler Kiran George says his giant-killing act at the Thailand Open Super 500 tournament earlier this year gave him the self-belief, which proved to be the key en route his second BWF title at the Indonesia Masters.
Seven of the 10 finalists were Indian-Americans.
Benchmark indices Sensex and Nifty declined in early trade on Wednesday due to selling in financials, oil and IT stocks amid weak global trends.
While there is no imminent threat to the AFC Asian Cup participation by the senior men's team in late 2023 or early 2024, some of the games slated for clubs and age-group national teams in the next few months could well be a tricky terrain.
The two Congressmen are Mario Diaz-Balart and Ben McAdams.
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resulting from the scrapping of a retrospective tax law.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
With former prime minister Imran Khan in jail, Sharif's Pakistan Muslim League-Nawaz (PML-N) is tipped to emerge as the single largest party in the elections.
National security advisor Ajit Doval on Friday suggested that various central armed police forces of the country should have "jointness" and interoperability among themselves like the ongoing plan for the defence forces.
In a drastic measure to stem any major disruption to the US economy as a result of the coronavirus outbreak, the Federal Reserve has cut its benchmark interest rate to almost zero and said it would buy USD700 billion in bonds. The covid-19 pandemic has sickened more than 156,000 people worldwide and left more than 5,800 dead. The death toll in the US stands at 68, while infections neared 3,700.
