The mutual fund (MF) industry’s net assets under management (AUM) declined by 2 per cent to ₹53,40,194 crore at the end of March 2024, as against ₹54.54 lakh crore as on February 29 this year, data released by the Association of Mutual Funds in India (AMFI) reveals. The number of new SIPs registered in March … Read more
Delta Air Lines stock climbed as much as 4 per cent during the morning trade on Wednesday after the airline reported stronger than expected earnings for the first quarter. The company also forecast a record second quarter earnings of $2.20 to $2.50 per share based on consistently strong travel appetite. The US carrier reported profit … Read more
The Sensex closed above the 75,000 mark for the first time on Wednesday, April 10. The NSE Nifty50 index has touched the 22,700 mark. The benchmark indices Sensex and Nifty have soared around 18.74 per cent and 20.03 per cent respectively during the Calendar Year 2023. In fiscal 2024, the Nifty posted a 30 per … Read more
President Joe Biden and Japanese Prime Minister Fumio Kishida have enlisted Amazon.com Inc. and Nvidia Corp. to fund a new joint artificial intelligence research program, as the two nations look to improve collaboration around the quickly emerging technology. The $50 million project will be a joint effort between the University of Washington in Seattle and … Read more
Bharat Petroleum Corporation stood amongst largest gainers in Nifty -50 Stocks with gains of close to 3% . Indian Oil Corporation was also not far behind with share price gaining 2-3%. Hindustan Petroleum Corporation share prices nevertheless rose close to 5% during intraday tards on Wednesday. The rally Bharat Petroleum , Hindustan Petroleum, Indian Oil … Read more
Mutual fund (MF) investors in the country are spoilt for choice. There are 1,500-odd MF schemes that vie for investor attention. So, after making the right choice, what happens to the MF units that you buy? Read on. There are two ways to store your MF units— in a statement of account (SOA) with an … Read more
The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around the 22,820 level, a premium of nearly 85 points from the Nifty futures’ previous close. On Tuesday, the domestic equity benchmark indices failed to sustain all intraday gains to end marginally lower amid profit … Read more
An argument that is often heard against the National Pension Scheme(NPS) is the long lock-in till age of 60 years. Another concern is the accessibility of the corpus in case of early retirement. Subscribers have for long been used to defined benefit scheme like the employee provident fund which gives a fixed return and find … Read more
Intel Corp. is rolling out a new version of its artificial intelligence chip, aiming to challenge Nvidia Corp. in one of the fastest-growing parts of the semiconductor industry. The updated processor, called Gaudi 3, will be widely available in the third quarter, Intel said at a company event early Tuesday. The chip is designed to … Read more
Lakumi Trust and Nicomac Machinery Pvt Ltd jointly offloaded a 4.9 percent stake in Gland Pharma for ₹1,411 crore via open market transactions on Tuesday. This divestiture entailed the sale of 81.20 lakh shares of Gland Pharma through separate bulk deals on the National Stock Exchange (NSE). As per NSE data, Lakumi Trust divested 61.65 … Read more
