MUMBAI: After a few months of flat growth in inflows by retail investors through SIPs in mutual fund schemes, the northward movement is back. In June, gross inflows through SIPs in MFs – an investment segment within the MF industry that is dominated almost entirely by retail investors – touched a new all-time peak at … Read more
Monthly investments through systematic investment plans (SIPs) surged to a new peak of Rs 27,269 crore in June 2025, up 2% from Rs 26,688 crore in May, crossing the Rs 27,000 crore mark for the first time, according to fresh data from AMFI.The SIP assets under management (AUM) rose to Rs 15.30 lakh crore in … Read more
NEW DELHI: The road transport and highways ministry will now give higher scores to project consultancy firms that have good technical strength and better ratings based on their previous works, and submit the maximum bank guarantee (BG), as it does away with the norm of accepting lowest price (L1) bid for preparation of detailed project … Read more
The Defence Research and Development Organisation (DRDO) has signed over 2,000 technology transfer agreements and issued more than 200 production licences so far in 2024, significantly advancing India’s push for self-reliance in defence manufacturing, a senior official said on Wednesday.“Over 2,000 agreements were signed for technology transfer licences,” said Dr Chandrika Kaushik, Director General (PC&SI), … Read more
A sharp rise in US-bound shipments of antimony from Thailand and Mexico has reportedly emerged since China imposed export curbs last year, highlighting how global supply chains are being re-routed to work around geopolitical restrictions.According to customs and shipping data reviewed by Reuters, more than 3,800 metric tons of antimony oxides were imported into the … Read more
The Department of Posts has rolled out Aadhaar-based biometric e-KYC services for Recurring Deposit (RD) and Public Provident Fund (PPF) schemes, further widening the scope of paperless account operations across its small savings portfolio. This marks a major expansion of the facility, which was previously available only for select schemes like the Monthly Income Scheme … Read more
Donald Trump tariffs (AI image) US President Donald Trump on Wednesday issued a fresh set of tariff letters to countries warning them of reciprocal duties from August 1, 2025. Trump had earlier said that he would be issuing tariff letters for seven more countries today. Earlier this week, he had released letters for 14 countries, … Read more
A joint venture between ICICI Bank and Prudential Corporation Holdings Limited, the fund house has been operating since 1998. (AI image) Mumbai: ICICI Prudential Asset Management Company Ltd has filed its Draft Red Herring Prospectus with markets regulator SEBI for a Rs 10,000 crore IPO. The shares on offer constitute 10% of the total equity … Read more
Nvidia’s market capitalisation touched the $4 trillion mark for the first time on Wednesday, making it the world’s first publicly listed company to hit the milestone, amid sustained investor demand for artificial intelligence-linked stocks.Shares of the chipmaker climbed as much as 2.4% to $164 in intraday trade, buoyed by Nvidia’s leadership in high-end AI semiconductor … Read more
The Supreme Court on Wednesday agreed to hear two more pleas challenging the Election Commission of India’s move to conduct a Special Intensive Revision (SIR) of electoral rolls in poll-bound Bihar.A bench of Justices Sudhanshu Dhulia and Joymalya Bagchi agreed to hear the pleas on July 10, along with other pending petitions. Advocate Vrinda Grover … Read more