Mutual fund inflows declined for the fifth straight month as the number of actively managed mutual funds recorded a Rs 19,013-crore inflow during May, down by 22% as compared to the inflow of Rs 24,269.26 crore recorded in April, according to data released by the Association of Mutual Funds in India. Across the board, inflows…
New Delhi, June 7: Retail sales of passenger vehicles in May declined 3 percent compared to a year ago due to delays in purchases by customers in several states due to the India-Pakistan conflict and further subdued demand for entry-level models, dealers’ body FADA said on Friday. Passenger vehicle registrations stood at 3,02,214 units last…
Reserve Bank of India (RBI) Governor Sanjay Malhotra has reiterated concerns over cryptocurrencies, warning that their proliferation could hamper financial stability and pose challenges to monetary policy. Speaking at a press conference following the RBI Monetary Policy Committee (MPC) meeting, Malhotra emphasized that while a government committee is currently reviewing cryptocurrency regulations, the central bank…
Power Grid shares witnessed good investor interest today. The stock rose 2.3% to hit an intraday high of ₹295.25 per share. As of 3:00 pm, Power Grid shares were trading 2.0% higher at ₹294.5 per share. This surge in share price comes after the company announced the acquisition of MEL Power Transmission (MPTL), a project-specific…
India’s services sector maintained steady growth in May 2025, supported by strong demand and record hiring, according to the latest HSBC India Services PMI report. The Purchasing Managers’ Index (PMI) for services stood at 58.8, slightly up from 58.7 in April, marking 46 consecutive months of expansion. The 50-mark separates growth from contraction, and India’s…
With the US set to impose higher tariffs on steel and aluminum from June 4, industry and trade experts are urging India to broaden its ongoing bilateral trade agreement (BTA) discussions with Washington to include seeking relief from these levies. The call comes after the Trump administration, in March, reinstated a 25% sectoral duty on…
Shares of electric two-wheeler maker Ola Electric Mobility fell nearly 10% on Friday, May 30, a day before the company released its financial results for the fourth quarter of FY2024-25. The stock fell 9.72% to ₹48.06 on the National Stock Exchange (NSE). At 11:02 am, it was down 5.4% at ₹50.35 per unit. Ola Electric…
The Central Board of Indirect Taxes and Customs (CBIC) has refuted claims circulating on social media regarding delays and corruption in granting GST registration. The controversy began when a LinkedIn user alleged that their GST registration had been pending for 20 days, prompting accusations of corruption on X (formerly Twitter). CBIC responded by clarifying that…
The Reserve Bank of India (RBI) has reaffirmed its commitment to strengthening supervisory measures to ensure early identification of risks and vulnerabilities in the financial sector. The central bank aims to harmonize supervisory rigor across different segments of the financial system, focusing on the root causes of vulnerabilities. Given global economic uncertainties, the RBI stresses…
Tata Consultancy Services (TCS) CEO K Krithivasan saw a 4.6% increase in his total compensation for FY25, bringing his earnings to ₹26.52 crore. The details were revealed in TCS’s annual report, which highlighted executive pay, employee salary hikes, and the company’s financial performance. His total earnings are nearly 330 times the median salary of TCS’s…
