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Arbitrage mutual funds could see a moderation in returns of around 20–30 basis points following the proposed increase in the securities transaction tax announced in the Union Budget, according to mutual fund experts. However, investment advisers say the impact is unlikely to dent the attractiveness of the category, especially from a post-tax perspective. Arbitrage funds,…
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The Aircraft Accident Investigation Bureau (AAIB) has probed 19 accidents and serious incidents that happened in the last one year in the country, the government said on Monday. Minister of State for Civil Aviation Murlidhar Mohol told the Rajya Sabha that all aircraft accidents and serious incidents reported in the country in the last one…
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The United States Ambassador to India, Sergio Gor, on Monday confirmed a phone call between Prime Minister Narendra Modi and US President Donald Trump. The telephonic conversation between the two leaders comes amid prolonged trade deal talks between the countries, which have not resulted in the pact being finalised yet. In recent days, top Indian…
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A newly launched social networking platform designed exclusively for artificial intelligence agents has suffered a major security lapse, exposing sensitive data belonging to thousands of real users. Cybersecurity firm Wiz revealed on Monday that Moltbook, a Reddit-like forum built for AI bots, inadvertently made private information publicly accessible due to basic security flaws. According to…
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Tech giant Apple has recorded its highest-ever value share of 28% in the Indian smartphone market, driven by a surging “premiumisation” trend where consumers are increasingly opting for high-end devices, according to a report by Counterpoint Research. The report highlighted a significant shift in the world’s second-largest smartphone market, noting that while volume growth remains…
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