Former Prime Minister and noted economist Dr Manmohan Singh has been posthumously conferred the P V Narasimha Rao Memorial Award for Economics in recognition of his pivotal role in shaping India’s economic transformation and nation-building.The award was received on his behalf by his wife, Gursharan Kaur, at a ceremony held in the national capital last…
Equity mutual fund inflows fell 22% to Rs 33,430 crore in August, largely due to a sharp decline in new fund offers (NFOs), data from the Association of Mutual Funds in India (AMFI) showed on Wednesday. Despite the dip, August marked the 54th straight month of net inflows into equity schemes.In July, equity-oriented funds had…
Union Minister Ashwini revealing Cabinet decisions NEW DELHI: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Tuesday approved the doubling of the Bhagalpur–Dumka–Rampurhat railway line, covering a distance of 177 km across Bihar, Jharkhand, and West Bengal. The project is estimated to cost approximately Rs 3,169 crore. “The enhanced line…
MCX gold futures for October delivery decreased by Rs 203 (0.19 per cent) to Rs 1,08,830 per 10 grams. (AI image) Gold rate today: After hitting lifetime highs this week, gold prices on Wednesday dropped to below Rs 1.09 lakh per 10 grams in domestic futures trading. Investors took profits amidst weakening international markets, whilst…
MUMBAI: Group travel, short stays and last-minute bookings, these are the trends that define the popular religious tourism segment with pilgrimage travel emerging as one of the fast-growing segments of India’s travel and tourism industry. “Accommodation bookings across 56 pilgrimage destinations grew by 19% in FY24-25,” according to online travel company MakeMyTrip (MMT) which tracked…
Urban Company IPO open for investors Urban Company’s Rs 1,900 crore initial public offering (IPO)’s retail, employee portion was fully subscribed within the first hour of opening on Wednesday, driven by robust interest from retail investors. Bidders placed orders for 62 million shares, or 58 per cent of the 107 million shares on offer. Within…
Rapido has emerged as India’s leading ride-hailing service, commanding nearly half the market share, surpassing both Uber and Ola, despite its initial perception as a specialised bike-taxi service.The company’s significant market share stems primarily from its two-wheeler taxi operations, affecting Ola‘s business substantially. Additionally, Uber is experiencing mounting pressure in one of its crucial markets.Data…
Gold began the week on an impressive bullish note, soaring to fresh all-time highs above $3,650/Oz in Spot. (AI image) Gold price prediction today: Gold prices are likely to maintain their bullish trend over the coming few weeks, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. The expert shares…
Renewed momentum on India-US trade deal talks with US President Donald Trump and Prime Minister Narendra Modi signaling talks is likely to be positive for the markets. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday on positive sentiment around India-US trade deal talks. While…
NEW DELHI: In a significant development for the country’s seafood industry, the European Union (EU) has listed 102 new Indian fishery units for export from India to EU member countries. The move comes amid the backdrop of stiff tariffs imposed by the US, which is expected to hurt the country’s shrimp exports and lead to…
