India’s mutual fund industry assets under management (AUM) rose to Rs 82.03 lakh crore in February 2026, registering a 27.1 per cent increase from Rs 64.53 lakh crore a year earlier, according to data released by Franklin Templeton report.The growth was driven largely by sustained inflows into equity-oriented schemes and continued expansion in systematic investment…
MUMBAI: The foreign exchange market on Friday threw up a set of developments that appear contradictory: the rupee fell to a new low, RBI took measures to ease borrowing conditions, and foreign exchange reserves jumped past $700 billion even though the central bank was selling dollars to support the currency.The rupee slipped close to the…
This photo taken on February 2, 2024 shows Lu Yu, head of Product Management and Operations of Wantalk, an artificial intelligence chatbot created by Chinese tech company Baidu, showing a virtual girlfriend profile on her phone, at the Baidu headquarters in Beijing. Jade Gao | Afp | Getty Images BEIJING — China plans to restrict…
Violence in Manipur’s Ukhrul (PTI image) NEW DELHI: The Manipur government on Tuesday suspended internet and data services across Ukhrul district for five days, citing a volatile law and order situation following fresh violence in the area. The shutdown covers mobile data, broadband, VPN and VSAT services and came into effect at 11.30 am on…
Nvidia(NVDA), the world’s largest public company by market value and bellwether for the AI sector, once again topped Wall Street expectations for the fourth quarter, reporting results after the close of U.S. markets on Wednesday. The chipmaker beat estimates, reporting revenue of $68.1 billion, a 73% increase from a year earlier, as continued AI-related capital…
In a major move towards greener transportation, Indian Railways has completed the manufacturing of its first hydrogen-powered train on a pilot basis, following specifications laid out by the Research, Design & Standards Organisation (RDSO).“This project involved designing from first stages, prototype manufacturing and first-time development of hydrogen traction technology in Indian Railways,” said Union minister…
Sun Pharmaceutical Industries Ltd and Cipla Ltd are recalling products in the United States due to manufacturing-related issues, according to the US Food and Drug Administration. The US-based arm of the Mumbai-based pharma major is recalling over 26,000 bottles of a generic medication to treat dandruff and skin conditions with inflammation and itching, the FDA…
US Indian-origin lawmakers have raised concerns that measures undertaken by the Trump administration, such as the USD 100,000 fee on H1B visas and 50 per cent tariffs on India, were hurting American businesses and threatening people-to-people ties between Washington and Delhi.The remarks came during a House Foreign Affairs South and Central Asia Subcommittee hearing titled…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2726.41, up 0.7% (+18.35) since 4 p.m. ET on Tuesday. Ten of 20 assets are trading higher. Leaders: SOL (+1.4%) and CRO (+1.4%). Laggards: XLM (-1.3%) and APT (-1.0%)….
Ark’s data shows bitcoin has weak price correlations with stocks, bonds, and gold, making it potentially attractive for risk-adjusted portfolio management. Source link
