SUD Life NIFTY Alpha 50 Index Pension Fund: New fund for pension plan investors launched; check details
Star Union Dai-ichi Life Insurance has launched the SUD Life NIFTY Alpha 50 Index Pension Fund, targeting long-term wealth creation for pension plan customers. Investing ...
Asian markets rise on US-China trade optimism; Hong Kong’s Hang Seng up 0.8%; oil prices dip
Asian stocks experienced a surge following a fresh agreement between the US and China, aimed at de-escalating trade tensions. Japan’s Nikkei 225 climbed by 0.5%, ...
Tesla robotaxi launch in Austin: Elon Musk sets ‘tentative date’; says ‘we are being super paranoid about safety’
Elon Musk announced Tesla’s “tentative” robotaxi service launch in Austin, Texas, on June 22, emphasizing safety precautions. The rollout marks a significant step for Tesla’s ...
World Bank cuts India’s 2026 growth forecast to 6.3% from 6.7%
The World Bank has revised India’s GDP growth forecast for the current fiscal year to 6.3%, citing weaker exports and slower investment growth. Despite this, ...
Equity mutual fund inflows hit 13-month low; large, mid, small-caps all down
Equity mutual fund inflows experienced a 13-month low in May, decreasing by 21.7% from April, signaling investor caution amidst high valuations and global uncertainties. Despite ...
‘Speed up unclaimed deposit refunds’: FM Nirmala Sitharaman asks RBI, Sebi to standardise KYC
FM Nirmala Sitharaman urged financial regulators to expedite the return of unclaimed assets from banks, insurers, and mutual funds. The focus is on simplifying asset ...
Rare earth magnet crunch hits Maruti’s e-Vitara production plan
Maruti Suzuki will reduce e-Vitara production. The company faces rare earth magnet supply issues from China. Initial production will be lower than planned. Maruti Suzuki ...
Byju’s sells US subsidiaries at steep discount
Byju’s has sold its US subsidiaries, Epic and Tynker, through US bankruptcy proceedings as part of its asset liquidation after a financial downturn. Epic was ...
City shift: Housing ministry lays roadmap for Smart Cities SPVs beyond mission deadline; new advisory proposes five-pronged role in urban development
The Ministry of Housing and Urban Affairs advises repurposing Smart Cities Mission SPVs after the scheme’s closure on March 31. States and UTs are encouraged ...
India-US trade deal: What Indian & American officials discussed during the week-long deliberations; first phase likely soon
India and the United States are actively negotiating a bilateral trade agreement, aiming for completion by fall 2025. Discussions during the recent US delegation visit ...
