GBI-EM Global Diversified index: Why JPMorgan is thinking of cutting India, China share in EM Bond Index – explained

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The bank has been gathering client input regarding potential modifications to its GBI-EM Global Diversified index. (AI image) JPMorgan Chase & Co. is evaluating potential adjustments to its primary emerging-market index by reducing the allocation of major bond issuers, including China and India, aiming to encompass a wider spectrum of developing-nation debt.According to documents reviewed … Read more

Gold price prediction today: What’s the gold rate outlook for July 11, 2025; why a ‘buy on dip’ strategy makes sense?

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Gold price prediction: Gold intraday bias remains bullish. Traders can adopt a Buy on Dip strategy. (AI image) Gold price prediction today: Gold prices have an underlying positive bias and experts believe that buying on dips may be the correct strategy for now. Here’s the analysis from Jateen Trivedi, VP Research Analyst – Commodity and … Read more

How to earn decent returns with lower risk: Multi-asset allocation funds deliver; outperform Sensex in 3 & 5 years

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Multi asset allocation funds have outperformed the Sensex in the past five years. Want to earn decent returns at lower risk? Go for multi asset allocation funds that invest in a mix of equity, debt and commodities. These funds invest in at least three asset classes, with a minimum allocation of at least 10% to … Read more

ITR filing FY 2024-25: ITR-2 and ITR-3 excel utilities released by Income Tax Department – here’s what taxpayers should know

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ITR filing: For the financial year 2024-25 (Assessment Year 2025-26), taxpayers must file their returns by September 15, 2025. (AI image) ITR filing FY 2024-25: The Income Tax Department has now made available the excel utilities for ITR-2 and ITR-3 forms, enabling individuals with taxable capital gains, crypto income and other specified incomes to file … Read more

Asian markets mixed; Wall Street hits record high; Hong Kong’s Hang Seng jumps 1.6%

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( Representative AI image) Asian markets were mixed on Friday as investors stayed cautious despite Wall Street hitting record highs.Chinese markets led regional gains, with the Hang Seng Index in Hong Kong surging 1.6% to 24,402.41 and the Shanghai Composite rising 1.1% to 3,546.50, supported by fresh signs of economic stimulus and buying in tech … Read more

Trade war: Canada reacts after Donald Trump slaps 35% tariffs; will US soften its stance?

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Canadian Prime Minister Mark Carney on Thursday vowed to defend Canadian workers as the August 1 tariff deadline approaches. This response comes after US President Donald Trump announced a steep hike in duties on a broad range of Canadian imports to 35%, a move that deepens tensions between the two longtime allies.Sharing a post on … Read more

Elon Musk’s Tesla to open first showroom in Mumbai; EV maker set to inaugurate store next week: Report

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Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its first showroom in India next week. The new showroom for Tesla’s electric cars will open in Mumbai on July 15, according to a Reuters report. … Read more

Bitcoin hits record high of $116,046; surges 24% this year; Ethereum rose 3%

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Bitcoin soared to a fresh all-time high of $116,046.44 on Thursday, driven by strong institutional demand and supportive crypto policies under US President Donald Trump’s administration.Earlier in the day, it had already broken its previous record of $113,734.64 before climbing further by 9:27 pm GMT. With this rally, the world’s largest cryptocurrency is now up … Read more

Rs 9 lakh crore liquidity glut prompts record Rs 2.5 lakh crore RBI drawdown

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MUMBAI: RBI will conduct a record Rs 2.5-lakh-crore variable rate reverse repo (VRRR) auction on Friday as it seeks to absorb a persistent glut of liquidity in the banking system. This move follows a series of recent VRRR operations that have drained Rs 3 lakh crore, yet the money market surplus remains above Rs 3 … Read more

SBI considers share sale to raise 25k crore

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SBI is preparing to sell as much as Rs 25,000 crore ($2.9 billion) of shares to institutional investors as soon as next week, according to people familiar with the matter, in what could be the nation’s biggest deal of its kind.If the qualified institutional placement is fully subscribed, it would mark the biggest QIP ever … Read more