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Mutual fund industry saw meteoric rise in 2024, AUM increased by Rs 17 lakh crore
Business

Mutual fund industry saw meteoric rise in 2024, AUM increased by Rs 17 lakh...

New Delhi, Dec 25: The Indian mutual fund industry saw a meteoric rise in 2024, as the assets under management (AUM) of all MF schemes increased by more than Rs 17 lakh crore this year. According to data from the Association of Mutual Funds in India (Amfi), the mutual fund industry's AUM was Rs 68...
NFRA fines Deloitte Haskins Rs 2 crore over alleged lapses in ZEEL audit, firm reviewing order
Business

NFRA fines Deloitte Haskins Rs 2 crore over alleged lapses in ZEEL audit, firm...

Delhi, Dec 25: The National Financial Reporting Authority (NFRA) has slapped a penalty of Rs 2 crore on Deloitte Haskins & Sells LLP, along with two chartered accountants, for alleged lapses in the auditing of Zee Entertainment Enterprises Ltd (ZEEL). The Rs 2 crore fine pertained to the lapses...
Bank of Korea to cut rates further next year on higher downside risks
Business

Bank of Korea to cut rates further next year on higher downside risks

Seoul, Dec 25: South Korea's central bank said on Wednesday it plans to cut its benchmark interest rate further next year due to growing political uncertainties and other downside risks. In its monetary policy report for 2025, the Bank of Korea (BOK) said it will make additional rate reductions to...
Indian firms raise bumper funds from equity market in 2024, set new records
Business

Indian firms raise bumper funds from equity market in 2024, set new records

Mumbai, Dec 24: The year 2024 has been a historic one for the Indian stock market. Corporates raised bumper funds from investors through initial public offerings (IPOs), follow-on public offers (FPOs), qualified institutional placements (QIPs) and rights issues, and set several new records. In 2024,...
Annual leasing volume in India’s logistics and industrial space to exceed 50 MSF in 2024
Business

Annual leasing volume in India’s logistics and industrial space to exceed 50 MSF...

New Delhi, Dec 24: Annual leasing volume in the logistics and industrial real estate space in India is likely to exceed 50 million square feet (MSF) for the third year in a row, and this strong momentum is likely to prevail in the coming year too, according to a report on Tuesday. As of October, the...
Bakery product exports hit record high on growing popularity of K-food
Business

Bakery product exports hit record high on growing popularity of K-food

Seoul, Dec 24: South Korea's exports of bakery related products, such as snacks, reached a record high this year, bolstered by the growing global popularity of Korean culture and cuisine, the customs agency said on Tuesday. Outbound shipments of bakery products came to an all-time high of $440...
India’s savings rate shoots past global average: SBI report
Business

India’s savings rate shoots past global average: SBI report

New Delhi, Dec 23: India’s savings rate has surpassed the global average as financial inclusion has shot up in the country with over 80 per cent adults now having formal financial accounts, according to an SBI report released on Monday. India savings rate is at 30.2 per cent, which is higher than...
India witnessing 30 mn new demat accounts annually, 1 in 4 now a women investor
Business

India witnessing 30 mn new demat accounts annually, 1 in 4 now a women investor

New Delhi, Dec 23: India is seeing at least 30 million new demat accounts being opened every year since 2021, and nearly every one in four is now a women investor, indicating an increasing prevalence of using capital market as a channel of financialisation of savings, SBI Research said on Monday....
Google ‘strongly disagrees’ with US DoJ’s lawsuit, files remedies proposal
Business

Google ‘strongly disagrees’ with US DoJ’s lawsuit, files remedies proposal

Washington, Dec 23: Criticising the US Department of Justice (DoJ) lawsuit and its “overbroad proposal”, Google on Monday said that before it appeals in court, the company has filed its own remedies proposal, based on the actual findings in the court's decision.Stressing that the company “strongly...
Domestic stock markets to end 2024 on positive note, Nifty clocks 13 pc gain
Business

Domestic stock markets to end 2024 on positive note, Nifty clocks 13 pc gain

New Delhi, Dec 21: Riding on resilient economic growth, the domestic stock markets are ending 2024 on a positive note, with Nifty registering a 13 per cent gain (year-to-date) its ninth consecutive year of positive gains, a Motilal Oswal Wealth Management report said on Saturday. The first half of...
55th GST Council meet: All eyes on health insurance premiums, ATF,
Business

55th GST Council meet: All eyes on health insurance premiums, ATF, 'Sin Tax'

New Delhi, Dec 21: As the 55th meeting of the GST Council was set to begin in Jaisalmer on Saturday, chaired by Union Finance Minister Nirmala Sitharaman, the proposed rate cut on health insurance premiums and the inclusion of Aviation Turbine Fuel (ATF) under the GST ambit would be among the key...
Indian share market opens in red as US Fed warns less rate cuts this year
Business

Indian share market opens in red as US Fed warns less rate cuts this year

Mumbai, Dec 19: The Indian stock market opened in red on Thursday after the US Federal Reserve cut interest rates by 25 basis points, but warned that rate cuts may not come so easily in 2025 as anticipated earlier. As Fed’s focus moves towards maximum employment and price stability, the FOMC halved...
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