In July, Mumbai’s equity markets hit new highs, boosting retail investors’ confidence in mutual funds, as SIP contributions soared to a record Rs 23,332 crore. The MF industry’s total assets under management reached nearly Rs 65 lakh crore. Despite a slight dip in equity fund net inflows, debt funds saw nearly Rs 1.2 lakh...
Read MoreONGC announced an additional equity infusion of Rs 18,365 crore in its subsidiary OPaL, increasing its stake to over 95%. This move, approved by the government, is part of a capital restructuring plan aimed at achieving financial and operational sustainability. ONGC will also provide domestic gas to OPaL from re-developed fields at a premium...
Read MoreIndia experienced the fastest growth in intangible investments from 2011 to 2020, outpacing major economies. By 2020, it ranked 14th in absolute levels, behind Denmark and ahead of Finland. India’s intangible investment, particularly in software and data, boosted its GDP contribution to over 10%, higher than Japan’s 9%, underscoring its innovation role globally.
Read MoreForex reserves jump by $7.5 billion to record $675 billion
Read MoreIndia Cements posts profit, first in 6 quarters
Read MoreThe import of pulses in India was expected to decline to 40-45 lakh tonnes from last year’s 47 lakh tonnes due to a good monsoon and increased production, according to IPGA. Experts have warned that without policy changes, imports could rise to 80-100 lakh tonnes by 2030. Prices in wholesale markets have dropped recently.
Read MoreThe article narrates the devotion of Andal, the only female Alvar poet-saint of South India, who merged with Lord Ranganath and attained liberation. Her life exemplified unwavering devotion to God, rejecting earthly ties for divine connection. The upcoming Tiruvadipuram festival will honor Andhra until August 10, 2024, at Tirumala and Srivilliputhur.
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