Business News

Business

Surge in Mutual Fund Industry: Assets Leap by 23% and Folios Reach Record Highs in FY25

The mutual fund industry in India saw a 23% increase in assets under management to Rs 65.7 lakh crore in FY25, with folios reaching a record 23.5 crore. SIP contributions rose by 4...

Business

Credit Dominates Digital Payments: A Deep Dive into India's Fintech Revolution

In 2024, India saw a significant shift towards credit-based digital payments, with UPI leading the charge. The "How India Pays" report highlights the growing adoption of credit acr...

Business

Sebi Alerts Public: Rising Threat of Social Media Securities Fraud – Stay Informed and Protected

Sebi warns the public about the rise in securities market frauds via social media, urging vigilance and reporting of suspicious activities. Fraudsters use deceptive tactics, includ...

Business

Indian Rupee Surges 64 Paise Against Dollar Amid Global Currency Shifts

The Indian rupee gained 64 paise against the US dollar, closing at 86.04, amid global dollar weakness. Despite a weekly decline, the currency's recovery highlights shifting investo...

Business

Gold Prices Soar to Historic Highs as US-China Trade Tensions Escalate

Gold prices have reached unprecedented levels due to escalating US-China trade tensions, with domestic prices nearing Rs 1 lakh per 10-gram. Analysts attribute this surge to increa...

Business

Forex Reserves Climb for Fifth Consecutive Week Amid Global Dollar Decline

Forex reserves in India have risen for the fifth consecutive week, reaching $676.3 billion amid a global decline in the dollar value. The increase is attributed to RBI's dollar pur...

Business

Madhur Bajaj, Legendary Industrialist and Former Bajaj Auto Vice-Chairman, Passes Away at 73

Madhur Bajaj, former vice-chairman of Bajaj Auto and a key figure in India's industrial sector, passed away at 73. Survived by his wife and two daughters, his leadership left a las...

Business

RBI Introduces Innovative Strategy for Banks to Offload Stressed Assets Directly to Investors

The Reserve Bank of India proposes a new mechanism for banks and NBFCs to sell bad loans directly to investors, introducing resolution managers for asset recovery and setting new c...