Indian Mutual Fund Industry midway to the target of Rs 100 lakh crore AUM

Chennai (IANS) With assets under management (AUM) of Rs 46.63 lakh crore at the end of last month, the Indian mutual fund industry is nearly half way through its goal of touching Rs 100 lakh crore of assets under management (AUM) over the next few…

WPI to enter positive zone next month from negative in August

Chennai (IANS) Even though the wholesale price index (WPI) inflation (WPI) for August 2023 was minus 0.52 per cent, it will enter the positive zone from next month onwards, said a top economist at CARE Ratings.

The central government on Thursday…

Domestic air passengers traffic volume surged to 30.55%: DGCA

New Delhi (IANS) Domestic airline passenger numbers for the period spanning January to August soared to 1,006.16 lakh, showcasing a substantial increase from the 770.70 lakh recorded during the same period the previous year, said the aviation watchdog,…

More pain likely in small and mid-cap stocks

New Delhi (IANS) Market experts have been repeatedly warning of froth in the mid-and small-cap segments.

And, the fear of sharp correction in this space has finally happened with 4.10 per cent correction in the Nifty small-cap index and 3.07…

Mutual funds increase weightage in technology, metals, consumer durables sectors

New Delhi (IANS) In August, mutual funds showed an interest in technology, metals, consumer durables, and chemicals leading to a month on month rise in their weights, according to a report by Motilal Oswal Financial Services.

Conversely, private…

Historic closing high for Nifty above 20k

New Delhi (IANS) Bulls successfully regained control from bears, pushing Nifty back above the 20,000 mark. Notably, it closed above this threshold, marking a historic closing high for Nifty, says Rupak De, Senior Technical analyst at LKP Securities.

Tesla aims to source automobile parts worth up to $1.9 billion from India this year, says Piyush Goyal

New Delhi (IANS) Electric vehicle major Tesla Inc plans to source automobile parts worth up to $1.9 billion this year from India, Commerce Minister Piyush Goyal said on Wednesday.

The imports will be around double as compared to auto parts…

Setback for Torrent as NCLT rejects its plea in the Reliance Capital resolution matter

Mumbai (IANS) In a setback for Torrent Investment, the NCLT's Mumbai bench has rejected its plea seeking a stay on the ongoing resolution process of Reliance Capital.

The NCLT will now hear the Reliance Capital resolution plan approval…

Strong bull run has further scope of upside movement in coming days

New Delhi (IANS) Nifty witnessed a strong session to create history touching the psychological and important 20,000 landmark during the intraday session ending on a positive note with much upside potential visible from here on till 20,400 levels as…

Coal India to invest Rs 24,750 crore on eco-friendly transportation

Chennai (IANS) Public sector major Coal India Ltd (CIL) has chalked out Rs 24,750 crore investment for eco-friendly transportation of coal on 61 first mile connectivity (FMC) projects.

The three phased investment project when completed will…