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…
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),…
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…
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…
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…
NEW DELHI: IndiGo Ventures, the corporate venture capital arm of India’s biggest budget airline, Wednesday announced the first close of its maiden fund at ₹450 crore. An undisclosed amount will be invested in Jeh Aerospace, one of the fastest growing aerospace startups focused on high- precision aerospace and defence manufacturing. IndiGoVentures was launched in Aug…
Gold price today: Gold prices declined by Rs 700 to Rs 98,420 per 10 grams in the national capital on Wednesday, tracking weak global cues amid reduced expectations of a near-term rate cut by the US Federal Reserve. According to the All India Sarafa Association, gold of 99.9% purity had settled at Rs 99,120 in…
Trump announced on Tuesday his firm stance on the August 1 deadline for increased US tariffs, whilst introducing new plans for a 50% tariff on copper imports. (AI image) US President Donald Trump has now warned of up to 200% tariffs on pharmaceutical imports and 50% on copper. Trump is expanding the scope of his…
The Central Board of Direct Taxes has instructed regional offices to accelerate collections. (AI image) The CBDT (Central Board of Direct Taxes) has successfully collected ₹20,000 crore in pending dues during the first quarter of the current financial year, representing a twofold increase compared to the corresponding period last year. These collections were in response…
Trump Gold Card: It remains to be seen how many preliminary enquiries will result in actual applications. Donald Trump’s $5 million Gold card programme, though not officially launched, has already generated a significant interest among Indian professionals. Immigration specialists have noted heightened interest, especially among high-net-worth individuals (HNIs).The proposed $5 million Gold Card visa scheme…
