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The July data showed continued resilience in equity mutual fund investments, although the pace of inflows moderated from the previous month. Photo: magnific Equity mutual fund schemes witnessed a 15% month-on-month decline in net inflows to ₹24,697 crore in July, according to data released by industry body Amfi on Tuesday (August 11, 2026). Such schemes…
Read More “Equity MF inflows fall 15% to ₹24,697 crore in July” »
File image. | Photo Credit: Reuters The rupee fell 8 paise to 95.38 against the U.S. dollar in early trade on Tuesday (August 11, 2026) amid no breakthrough in the ongoing West Asia crisis, which kept global markets on edge and pushed up crude oil prices overnight. A decline in domestic equity markets in early…
Read More “Rupee falls 8 paise to 95.38 against U.S. dollar in early trade” »
File image. | Photo Credit: Reuters Benchmark indices Sensex and Nifty declined in early trade on Tuesday (August 11, 2026) amid elevated crude oil prices due to geopolitical uncertainties. The 30-share BSE Sensex declined 320.14 points to 78,204.40 in early trade. The 50-share NSE Nifty dropped 94.35 points to 24,490.85. From the Sensex pack, InterGlobe…
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The Minister of Petroleum and Natural Gas, Mr Hardeep Singh Puri, said last week that 67% of India’s liquefied petroleum gas (LPG) came from the U.S. Although he didn’t mention the timeframe for when energy-hungry India “achieved” this, it is clearly a drastic shift from an earlier government decision to source about 10% of cooking…
The government has just given itself the legal room to tax the very payment habit it spent a decade building. Tucked into the Taxation and Other Laws (Amendment) Bill, 2026, is an amendment to Section 10A of the Payment and Settlement Systems Act, 2007, which would allow the government to notify charges on specified electronic…
The share of regular wage and salaried employees increased in both rural and urban areas, rising from 15.5% to 16.1% in rural areas and from 48.9% to 49.3% in urban areas, according to PLFS data. Representational image | Photo Credit: Getty Images/iStockphoto The unemployment rate for persons aged 15 years and above rose to 5.4%…
Read More “Marginal increase in unemployment rate April-June quarter: PLFS” »
The Telecom Regulatory Authority of India (TRAI) on Monday (August 10, 2026) directed the use of a separate 1601-series number for transactional and service calls by entities in sectors other than Banking, Financial Services & Insurance (BFSI) and Government. In the first phase, the 1601 number series will cover transactional and service calls made by…
Image used for representational purposes. File | Photo Credit: Reuters The government is in the final planning stages of instituting the third phase of the intra-state Green Energy Corridor (GEC), senior government officials privy to the development told The Hindu, adding that it has been sent to the Union Cabinet for the final approval. Seeking to…
Read More “Third phase of Green Energy Corridor in final stages, up for Cabinet approval” »
Dr. Reddy’s Laboratories has ended its more than four-year relationship with Novartis India, terminating an agreement under which it distributed and promoted select brands of the Swiss drugmaker in India. The termination of the February 11, 2022, agreement follows a change in the controlling shareholding of Novartis India. It will continue to commercialise the brands…
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Image used for representational purposes. File | Photo Credit: Allen Egenuse J. State-owned oil-marketing companies have narrowed their under-recovery on domestic liquified petroleum gas (LPG) in August, hovering at about ₹188 per cylinder, Suresh Gopi, Minister of State in the Union Petroleum Ministry told the Lok Sabha. In response to a question, Mr. Gopi informed…
Read More “Under-recovery on domestic LPG narrows to ₹188/cylinder in August” »