Madhabi Puri Buch, the chairperson of Sebi, stated on Friday that the capital markets regulator intends to sachetize investments in mutual funds going forward. Speaking at a Business Today event, Buch stated that while monthly investments of ₹500 in a systematic investment plan are considered viable by the mutual fund industry, monthly investments of ₹250…
Adani Infrastructure: Bimal Dayal, the head of Adani Energy Solutions’ transmission business, has been named CEO of Adani Infrastructure India. According to PTI, this decision has been approved by AESL’s board of directors. Adani Energy Solutions Ltd (AESL) stated in an official statement that Dayal will oversee the implementation of Adani Infrastructure India’s pipeline of…
U.S. jobs data for further Fed indications see unchanged gold prices. As investors refrained from placing large wagers ahead of this week’s pivotal U.S. payrolls data, which may provide additional hints regarding the Federal Reserve’s interest rate trajectory, gold prices remained unchanged on Thursday. By 0516 GMT, spot gold remained steady at $2,025.69 an ounce….
A fintech company called Fixed Invest has partnered with Bajaj Finance to offer its customers and associates digital choices for fixed deposits (FDs). After launching the first FD marketplace in India, the business partnered with Bajaj Finance to create a digital fintech. Investors on the Fixed platform can now access and invest in all of…
Synopsis: “The market seems to be in good shape despite a significant run-up,” said Dharmesh Shah, head of technicals at ICICI Direct. “A break cannot be ruled out at the psychological levels of 21,000, which should not be looked at as a detrimental construction, but as a buying chance for traders.” Sensex reaches a new…
Bank of China eyes de-dollarization move The Bank of China office in Zambia is pushing for increased yuan transactions between the country and its neighbors. China’s only bank in Zambia, the state-owned company serves as a clearinghouse as well. In terms of assets, it is the fourth-biggest bank globally. As reported by Bloomberg, the bank’s…
Oil prices rebound Synopsis: “Oil markets may have been oversold,” according to a report from Tina Ting, a markets analyst with CMC Markets, suggesting the recovery is only a “short-term rebound.” Oil prices: recovered a portion of their losses in early Asian trade, but they were still at their lowest points since June. The previous…
Wall Street: With gains for four straight sessions, the S&P 500 recorded its largest one-day percentage gain since April. The three primary stock indexes on Wall Street surged almost 2 percent on Thursday, bolstered by positive quarterly financial reports and expectations that the U.S. Federal Reserve may have completed its rate-hiking campaign. The Fed held…
The markets open with the Sensex reaching a new high of 69,599 and the Nifty approaching 21,000. Benchmarks for the equity markets, the Sensex and Nifty, continued to rise for the seventh straight day on Wednesday, setting new records as a result of persistent buying by foreign institutional investors and a decline in the price…
rupee drops 4 paise to 83.41 In early trade on Tuesday, the rupee fell 4 paise to trade at 83.41 against the US dollar, amid increased importer demand for the US dollar. The local currency saw an opening value of 83.38 per dollar, up from the closing value of 83.37. The dollar index, which measures…
