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.
'It has also outlived its initial purpose of reducing physical gold imports.'
After a year of decline, mergers and acquisitions (M&As) in India increased 13.8 per cent, reaching $69.2 billion in the first nine months of 2024, as against $60.8 billion during the same period in 2023. Led by Indian companies and private-equity (PE) firms, 2,301 transactions were signed between January and September this year as compared to 1,855 transactions reported in the same period last year, according to the Bloomberg data.
Competition in the fast-growing quick commerce sector is heating up as Swiggy Instamart faces a tough challenge in narrowing the gap with Blinkit, which currently dominates the market. In the second quarter (Q2) of 2024-25 (FY25), Instamart's gross order value (GOV) rose by 42.1 per cent quarter-on-quarter (Q-o-Q) and 75.5 per cent year-on-year (Y-o-Y), reaching Rs 3,382 crore.
Prospects of a bumper kharif harvest are expected to lower food inflation in the coming months, making the country's inflation outlook benign, the Union Ministry of Finance (FinMin) said in its monthly economic report for October released on Monday.
A survivalist's mindset sees Indian batsmen fail again on the first day of the SCG Test.
Nitin Desai, who has known Dr Singh from 1971, extends his 'deepest condolences to his wife Gurcharan Kaur and to his three talented daughters Upinder, the historian; Daman, the writer; and Amrit, the human rights activist.'
Young becomes oldest Everton scorer in rout of Wolves
'If weak indicators persist, there is a risk that India could slip into a prolonged slowdown similar to the one experienced between 2014 and 2019,' warns Debashis Basu.
Days before Diwali, the monthly economic review by the finance ministry has highlighted moderation in urban demand, softening consumer sentiments and limited footfall as areas that need to be watched. In its review, released on Monday, the ministry also noted the early signs of artificial intelligence displacing workers, as described in anecdotal reports. The commentary from several large consumer goods companies, including Nestl India, Hindustan Unilever, and ITC, in their recent quarterly earnings, has been around a sluggish urban demand. Rural consumption, however, has mostly seen a revival, the companies pointed out.
Manchester United languish 14th in the standings on 19 points, their worst placing to end a calendar year since they were 15th in 1989.
Determined Chennaiyin FC came from a goal down to beat NorthEast United 3-2 in an Indian Super League match at the Indira Gandhi Athletic Stadium in Guwahati on Thursday, courtesy of a brace from birthday boy Wilmar Jordan Gil.
A BEST electric bus, traveling at a speed of 46 kmph, collided with a crowd in Kurla, Mumbai, killing seven people and injuring 42 others. The driver, Sanjay More, has been arrested for reckless driving. The accident has raised concerns about speed limits and training for drivers of automatic transmission buses.
Arsenal were held to a 1-1 Premier League draw by London rivals Fulham on a grey wet Sunday at Craven Cottage as Raul Jimenez scored early for the hosts and William Saliba equalised for the visitors at the start of the second half.
The company is eyeing sales of 8,000 units per month for the Kylaq, which starts at Rs 7.89 lakh (ex-showroom) and boasts 96 per cent localisation.
As a leader, he was ambitious, not for himself but for India and its people. His was not the short-term election cycle calculation of individual political gain. His was a practical vision of how to better the lives of his fellow citizens, asserts Ambassador Shivshankar Menon, who served as foreign secretary and national security advisor when Dr Singh was prime minister.
Lord Ganesha's teachings offer valuable insights for investors in the Indian stock market. By thinking big, working consistently, starting early, and approaching investing with a rational mindset, investors can increase their chances of achieving their financial goals.
Australia's senior batter Steve Smith said the last three years have been the most challenging because of Kookaburra changing their ball in 2020.
The Israel Defence Forces (IDF) said on Saturday that multiple rocket launches have been identified from Lebanon since the Yom Kippur fast started. Two UAVs were identified crossing from Lebanon into central Israel, according to IDF. A hit on a civilian building was identified and one UAV was intercepted.
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
A cricketer only calls time when he knows that he has had "enough" and something must have snapped within Ravichandran Ashwin when he decided to announce his retirement , former India opener WV Raman
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
'The race is now on for Indian IT firms to develop their AI prowess and focus on a software-first approach to services as the people element becomes more complicated with Trump's expected new regulations.'
India captain Harmanpreet Kaur acknowledged the urgent need to address her team's batting woes following their 76-run loss to New Zealand in the second women's ODI in Ahmedabad on Sunday.
Imagine transforming a modest Rs 10,000 monthly investment into a steady Rs 1 lakh monthly income in your retirement years. This is the power of compounding -- a strategy that rewards you for starting early and staying consistent with your investments, says Ramalingam Kalirajan.
At the end of the first day of play, it is the home side that is firmly in control, and India that is now reduced to chasing the game.
The Supreme Court granted regular bail to former TMC youth leader Kuntal Ghosh in a corruption case linked to the West Bengal primary school recruitment scam. Ghosh, who has been in custody for 19 months, will be released from jail after being granted bail in the money laundering case linked to the scam on November 20. The court said it was not likely that the trial would be completed in the foreseeable near future.
Himachal Pradesh experienced its second snowfall of the season, leading to the closure of 15 roads, including two national highways. A tourist from New Delhi died in an accident on an icy road in the Lahaul Spiti district, while three others sustained injuries.
IMAGES from the Premier League matches played on Saturday.
There is a definite attempt to put the landslides on the backburner because news of them and climate change worry Wayanad's tourism and real estate businesses greatly. Whatever I experienced of Wayanad's 2024 by-elections; the July landslides were not a burning issue, observes Shyam G Menon.
Former Karnataka Chief Minister S M Krishna passed away at his residence in Bengaluru early Tuesday morning, his family said.
The Congress hit back at Nadda, saying his letter to Mallikarjun Kharge is a "4D exercise - denial, distortion, distraction, and defamation".
Schemes like the Mukhyamantri Majhi Ladki Bahin Yojana strain fiscal resources amid rising unemployment and prices of food items.
Uddhav Thackeray, who played the bold gambit of taking on the ally Bharatiya Janata Party in 2019 and forged an unlikely alliance with the Congress and the Nationalist Congress Party, was on Saturday left struggling to make sense of his party's rout in the Maharashtra assembly elections.
Manchester City thrashed West Ham United 4-1 in the Premier League on Saturday to claim their first back-to-back wins since October.
Among major Sensex gainers, Mahindra & Mahindra rose the most by 3.29 per cent. Adani Ports gained 1.26 per cent, Tata Motors by 1.14 per cent, and Axis Bank by 0.92 per cent. Nestle, NTPC, Reliance, ITC Titan, Kotak Bank, Infosys and TCS also gained. HCL Tech, Tech Mahindra, and ICICI Bank were the losers.
It was a proper Test innings, it was of the highest class, and given the circumstances it came in, it was one of the best innings by an Indian batsman in recent memory, applauds Prem Panicker.
Kerala Blasters FC secured a memorable 2-1 victory over Mohammedan SC in the Indian Super League in Kolkata on Sunday.
Joe Root expressed his gratitude to Graham Thorpe, a former England captain and one of the finest batters of his generation.
During his temporary release period, Singh will go to the Dera ashram in Barnawa in Uttar Pradesh's Baghpat, they further said.
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