Karnataka Minister K H Muniyappa has publicly voiced his dissatisfaction with the portfolio allocation in the new D K Shivakumar government, citing a lack of consideration for seniority. He urged the Congress leadership to review the assignments, highlighting his preference for portfolios like Social Welfare or Agriculture, and noted that another senior minister, Ramalinga Reddy, also resigned over the issue.
Karnataka Chief Minister D K Shivakumar is in New Delhi to discuss the allocation of portfolios among newly inducted ministers and address discontent among legislators who missed out on cabinet berths. Speculation also surrounds a potential minor cabinet reshuffle and the appointment of a woman minister to the lone vacant position, with the CM aiming to finalise these decisions before the state Legislature's monsoon session.
Asked to whom the demand was made, Gogavale said it was probably Prime Minister Narendra Modi or Union Home Minister Amit Shah.
Shiv Sena's Dadaji Bhuse is the new school education minister while Uday Samant continues to be the industries minister.
Tamil Nadu Chief Minister C Joseph Vijay will handle key portfolios including police, general administration and welfare of women, youth and children. Veteran leader K A Sengottaiyan has been designated as the Finance Minister.
Ten days after the expansion of the BJP government's cabinet in West Bengal, key portfolios have been allocated, with senior leader Tapas Roy taking charge of industries and journalist-turned-politician Swapan Dasgupta appointed finance minister.
Senior Congress leader K Sudhakaran stated that the amicable resolution of portfolio-sharing issues has given the party a 'new image'. Discussions on cabinet portfolios are underway within the Congress and among UDF allies in Thiruvananthapuram. The swearing-in ceremony of the CM and 20 other ministers is scheduled to be held on Monday.
The Supreme Court has formally acquitted former Prime Minister Manmohan Singh in a high-profile coal block allocation case, setting aside a summoning order against him and accepting the CBI's closure report.
A look at the portfolio allocation to ministers by Maharashtra Chief Minister Devendra Fadnavis shows he is serious about his commitment to provide "maximum governance and minimum government."
BAFs seek to offer a smoother experience across market cycles, not the full upside of a bull market.
Top Kerala police officers met with Congress leader Ramesh Chennithala amid speculation he will be the next Home Minister, discussing security for the swearing-in ceremony.
Congress leader Ramalinga Reddy has resigned from his ministerial position in the newly formed Shivakumar government in Karnataka, expressing strong displeasure over the portfolio allocated to him. He had sought the Bengaluru Development portfolio but was given Major and Medium Irrigation projects, leading to a significant setback for the new administration.
Investors should cap gold allocation at 10-15 per cent and consider staggered purchases through gold ETFs.
Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.
HDFC Bank's share in active mutual fund schemes has fallen to multi-year lows, despite overall MF ownership in the bank rising, as the stock faces weak performance, soft margins, and governance concerns.
The Punjab government has redistributed portfolios held by arrested minister Sanjeev Arora among other cabinet members, including Aman Arora, Harjot Singh Bains, and Tarunpreet Singh Sond.
What happens to my money if the market falls off a cliff tomorrow? Sandipan Roy, CIO, Motilal Oswal Private Wealth has the answer.
'Since the category has a limited track record, assess the fund manager's experience across equity and debt market cycles rather than relying only on past returns.'
Amidst a sharp run-up in gold and silver prices, investors are advised to rebalance their portfolios by booking partial profits in precious metals and reallocating to domestic equities and debt, according to financial experts.
The entire Cabinet of the new Kerala government is expected to be sworn in on Monday, with the list of ministers likely to be finalised soon, according to UDF convenor Adoor Prakash. Leaders of UDF allies held a meeting to discuss the preparations for the swearing-in ceremony.
Foreign portfolio investors (FPIs) have injected Rs 30,919 crore into Indian equities in August, marking their second consecutive month of net buying. This follows a Rs 20,200 crore investment in July, indicating a potential reversal after four months of significant outflows, driven by improving corporate earnings, resilient economic activity, and a stable rupee.
IT services stocks have had tough two years, with prices coming under pressure from 2025 and the sell-off extending through the first half of 2026.
With sulking Tourism Minister Anand Singh shutting down his MLA's office in Hospet in Vijayanagar district reportedly to show his displeasure over the portfolio allocation, Chief Minister Basavaraj S Bommai on Wednesday said he would speak to him.
The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.
"When you have more liquidity than good investment opportunities, there is no reason for MFs to sell a winning trade."
Foreign Portfolio Investors (FPIs) injected Rs 12,921 crore into Indian equities during the first week of August, extending their buying spree, driven by improving macroeconomic conditions, expectations of US rate cuts, lower crude oil prices, and a stable rupee.
Lack of women in Karnataka's new council of ministers has put the spotlight once again on women's under-representation in politics and policy.
'Investors spend too much time picking the right mutual fund and too little time choosing the right asset allocation. That's where real wealth is created.'
India's largest retirement fund manager, the Employees' Provident Fund Organisation (EPFO), is enhancing its investment governance and fund management practices, following the Reserve Bank of India's recommendations.
'India is vulnerable to the West Asia crisis in three ways: Energy costs, the business Indian companies conduct in the region, and remittances from the Indian diaspora.'
'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'
List all unavoidable expenses such as rent, groceries, transportation, education and medical bills.
Life cycle funds may suit people who are starting their investing journey. They may suit those who do not want to monitor their investments frequently. Busy professionals, beginners and delegators, who lack the time, information or interest to manage asset allocation actively, may find these funds useful.
Non-resident Indians are increasingly investing in luxury homes in India, driven by geopolitical uncertainties, particularly the Iran war. This trend is observed across major cities like Mumbai, Bengaluru, and the National Capital Region, with developers noting a significant rise in NRI pre-sales. While some see it as a temporary shift, others believe India is becoming a stable, long-term investment destination for NRIs, especially those from West Asia.
Leader of the Opposition in the Karnataka assembly R Ashoka on Sunday announced that the Bharatiya Janata Party and its ally Janata Dal-Secular would lay siege to Vidhana Soudha in Bengaluru on August 24 seeking the removal of planning and statistics minister B Nagendra from the cabinet.
Kerala's Chief Minister-designate, V D Satheesan, has announced his new ministerial team, emphasising social and regional balance within the coalition. Senior leaders like Ramesh Chennithala and K Muraleedharan are set to be inducted, with Thiruvanchoor Radhakrishnan nominated as Speaker.
Chhattisgarh Chief Minister Vishnu Deo Sai announced a Rs 100 crore allocation for sports infrastructure and athlete development during a Sports Conclave in Raipur. The state government is focused on promoting sports, nurturing talent, and providing employment opportunities for outstanding sportspersons, alongside organising major sporting events like the Bastar and Surguja Olympics.
N Chandrasekaran's exit marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise.
Understanding the most common mistakes during market downturns can help you protect your investments and stay focused on your long-term financial goals, says Ramalingam Kalirajan
International mutual fund schemes have seen a significant resurgence in investor interest, attracting approximately Rs 7,600 crore in net inflows over the past year, a stark reversal from previous outflows, driven by their strong outperformance against domestic markets and limited AI-linked investment opportunities in India.
