Business

A common mistake investors make is replacing mutual funds solely because they underperformed over a short period. (AI image) The author is CEO of PaisabazaarFor many salaried individuals, a new financial year begins with bigger paychecks and bonuses. With higher income, the immediate instinct may be to invest in a new mutual fund scheme, increase…

GTRI highlighted that tariff cut alone won’t raise exports unless certifications and logistic processes ease NEW DELHI: After years of negotiations and an over year-long implementation process, the free trade agreement between India and the UK is set to be rolled out Wednesday, opening up the possibility of Indian exporters competing more favourably with shipments…

The Union Cabinet on Wednesday approved seven major decisions covering infrastructure, semiconductor manufacturing, mobile phone production, fertiliser and railway projects. The package includes Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS) and the National Investment Policy for Urea-2026, with a combined outlay of Rs 2,19,353 crore.The announcements came during a press briefing after the Cabinet…

NEW DELHI/MUMBAI: Government has begun the exercise to decide on the process for sale of its stake in IDBI Bank and is looking to speed up the process months after rejecting bids that were below the reserve price.Two high-powered meetings of officials took place on Monday, govt officials said, with focus on two qualified bidders-Prem…

Returns From ECBs, Foreign Currency Bonds On Wait & Watch Due To Longer Durations MUMBAI/NEW DELHI: Bankers expect India to draw $80-85 billion of foreign capital through the RBI’s swap-backed push spanning FCNR(B) deposits, external commercial borrowings and overseas foreign currency bonds issued by banks, though the timing of inflows is likely to be uneven…

MUMBAI: Reserve Bank of India has proposed changes to bank shareholding norms to ease investment by domestic institutional investors, while tightening disclosure and monitoring to maintain regulatory oversight. The amendments will make it easier for fund managers that are part of a financial conglomerate to acquire shares in private banks without triggering acquisition norms.RBI has…

MUMBAI: Gautam Adani and his family’s Adani Properties were the biggest gainers in India’s real estate industry, adding Rs 38,000 crore to reach Rs 90,400 crore in valuations, with a 73% surge in wealth.According to the 2026 GROHE-Hurun India list of the country’s top 151 property companies released on Tuesday, Adani Properties moved four places…

AI generated image, used only for representational purpose Dalal Street made a strong comeback on Wednesday, reversing previous session’s losses as improving tech sentiments, firmer rupee, and other geopolitical cues boosted investor confidence. BSE Sensex jumped 553 points to 77,603.57 in early trade, while NSE Nifty gained 148.15 points to 24,198.40. The recovery came a…

China’s economy lost pace in the April-June quarter, despite rising exports as weak domestic demand and investment dragged growth to its slowest pace in more than three years. Official data released on Wednesday showed that the economy expanded at an annualised 4.3%, down from 5% in the January-March quarter and below forecasts. Exports continued to…

NEW DELHI: Driven by an uptick in food prices and pressure on energy prices due to the West Asia conflict, wholesale price index (WPI) based factory gate inflation surged for the ninth consecutive month to touch a 27-month high of 9.9% in June, as against 9.7% in May, official data showed.Similarly, the inflation in output…