Domestic mutual funds (MFs) have kept their faith in the Indian stock market despite multiple headwinds all through 2022-23 (FY23), with their net flows into equities crossing the Rs 1.5-trillion mark for the second consecutive financial year. MFs pumped a net Rs 1.53 trillion into equities till March 1, 2023, the Securities and Exchange Board of India (Sebi) data shows, as compared to Rs 1.72 trillion in FY22. Since FY15, MFs have been net buyers of equities, except in FY21, when they sold a net Rs 1.21 trillion.
Chief Minister Yogi Adityanath and several prominent faces among 676 candidates are contesting on 57 seats spread across 10 districts in the state.
Reliance Industries on Tuesday said it will acquire a majority stake in California-based solar energy software developer SenseHawk for $32 million (around Rs 256 crore). The acquisition of a 79.4 per cent stake in SenseHawk is part of the conglomerate's aggressive push into renewable energy to decarbonise its oil and chemical-dominated business. SenseHawk, founded in 2018, develops tools for the solar industry to help companies streamline processes and use automation. It had a turnover of $2.3 million in last financial year.
The Reserve Bank of India's rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high inflation. If raised, it will be the third consecutive hike in the repo rate -- the short-term rate at which the RBI lends money to banks. The central bank has already announced to gradually withdraw its accommodative monetary policy stance.
State-owned Punjab & Sind Bank is targeting salary accounts to boost the share of low-cost deposits. Swarup Saha, managing director and chief executive officer of the New Delhi-based lender, tells Manojit Saha that the bank may see gross non-performing assets (NPAs) fall below 8 per cent if there is resolution of the stressed assets.
There has been no leak outside India, hence no re-examination will be held outside the country, he said.
The Serum Institute of India, the largest vaccine maker in the world, has been chosen by Oxford and its partner AstraZeneca to manufacture the vaccine once it is ready. Trials results for the first two phases were published earlier this month.
Scientists, sci-fi, stand-up, suspense, take your pick of OTT this week. Sukanya Verma makes her recommendations:
Historically, India has never been expansionist in its outlook and her approach has always been of peaceful coexistence and one designed to deter the forces of terror and disruption.
Critics and audiences have been comparing Abhishek Bachchan in The Big Bull with Pratik Gandhi in Scam 1992.
Joginder Tuteja takes us through the February releases of 2022.
'If you can simplify the technology, you don't need a doctor or a highly qualified technician to work on the technology; even an Asha health worker or a similar front line health worker can use it with minimal training.'
'A time will come when the white structure in Mathura that hurts every Hindu will be removed with the help of the court'
'They will be able to ride over this immediate crisis and carry on, but they need to take corrective steps and these will have to be long term measures which must include working closely with state governments.'
I binged on various shows this year -- some for work, some for pleasure, few I couldn't spare time for, others I didn't have access to while some started out fabulously only to fizzle towards the end.
In an interim relief, the Supreme Court on Thursday ordered the status quo and said the Delhi High Court-appointed three-member Committee of Administrators (COA) will not take over the affairs of the Indian Olympic Association.
The Delhi High Court on Tuesday directed the setting up of a three-member Committee of Administrators (CoA) to take over the affairs of the Indian Olympic Association (IOA).
The first nasal vaccine against COVID-19, developed by Bharat Biotech, has received regulator's nod for conducting phase 2 clinical trials, the Department of Biotechnology said on Friday.
Rediff readers share the importance of the heritage site.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Besides Vikrant Vir, the other suspended policemen are Circle Officer Ramshabd, Inspector Dinesh Kumar Verma, Sub-Inspector Jagveer Singh and Head Constable Mahesh Pal, Additional Chief Secretary (Home) Awanish Awasthi said.
When several opposition MPs expressed their desire to ask questions about the Centre's vaccination policy such as increasing the gap between two doses, the BJP MPs strongly opposed it and few of them even demanded postponement of the meeting and walked out, the sources said.
Biological E has received approval for conducting phase II/III human clinical trial of COVID-19 vaccine candidate Corbevax on children above five years and adolescents, the Department of Biotechnology (DBT) said on Friday.
Joginder Tuteja lists the biggest money-making movie murder mysteries.
Baglay replaced Vikas Swarup, who was made India's new high commissioner to Canada.
Terrorism can be contained only with strong public support, Prime Minister Narendra Modi has said while appreciating the "template" set by the Bangladesh government in this regard after the terror attack in Dhaka in July.
External Affairs Ministry Spokesperson Vikas Swarup also welcomed appointment of South Carolina's Indian-American Governor Nikki Haley as US ambassador to the United Nations.
A report in Pakistani media said Foreign Secretary S Jaishankar admitted to the German ambassador in New Delhi that there was no surgical strike.
If things go according to plan, the vaccine would be available in the market by the end of this year.
Union minister files a case against Rajasthan officials, alleges that audio recordings of tapped phone conversations has tarnished his reputation and disturbed his mental peace.
India on Thursday reacted strongly to reports of Pakistan setting up a special group to "expose" New Delhi's alleged atrocities in Kashmir, saying it should focus its energies on "stemming the rot of terrorism instead of expending its breath" in making baseless charges.
India and Pakistan on Thursday deferred their foreign secretary-level talks to "very near future" even as government here welcomed the apprehending of Jaish-e- Mohammad members linked to the Pathankot terror attack and agreed to the visit of a Pakistani SIT.
India will allow locally registered foreign firms to mine and sell coal when commercial mining is permitted as part of the opening up of the nationalised industry after four decades, Coal Secretary Anil Swarup told Reuters.
Anil Swarup, who conceived the Rashtriya Swasthya Bima Yojana -- a scheme the United Nations Development Programme and the International Labour Organisation recognised as among the finest -- speaks to Anjuli Bhargava.
World Bank President Jim Young Kim and Prime Minister Modi also discussed governance structure of the bank
'Switzerland is a country which wants to be part of the international mainstream'.
Prime Minister Narendra Modi and Bangladesh's Sheikh Hasina had a 'very good meeting'
Cook, who met Modi at his hotel, was among the first top CEOs to meet the premier
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