December 28, 2023 07:14 AM ISTThese are some of the milestones that mark what’s set to be a blockbuster year for India’s mutual funds industry. Powered by an insatiable thirst for financial gains, millions of young Indians armed with smartphones have taken to equity investments in the world’s most-populous nation.
December 27, 2023 07:20 PM IST Now, investors have time until June 30, 2024 to complete their nomination. That is, they must either select a nominee or opt out of nomination for their mutual fund folios and demat accounts by the due date.
December 27, 2023 12:11 PM IST Brent crude futures saw a marginal fall of 5 cents, representing a 0.1 percent decrease, and settled at $81.02 per barrel.
December 26, 2023 12:24 PM IST The thorny issue now for investors is the US economy. Equities are anticipating a healthy earnings environment for corporate America while bonds are pointing to a recession
December 26, 2023 12:25 PM IST The significant drop in crude oil prices by almost 18 percent since September, despite ongoing conflicts in Middle East, brings several potential benefits for India.
December 24, 2023 07:25 AM IST Poonam Tandon of IndiaFirst expects the 10-year G-Sec yield to remain stable and range-bound between 7.20 percent and 7.30 percent in 2024, mainly due to the fact that demand for bonds will be limited to the Pensions and Insurance sector.
December 23, 2023 08:36 AM IST Gold reaches a two-week high on Friday, marking a second consecutive weekly rise, as the dollar and U.S. Treasury yields decline amid growing expectations of an early interest rate cut by the Federal Reserve.
December 22, 2023 09:48 PM IST Spot gold was up 1.2% to $2,069.34 per ounce as of 9:43 a.m. ET (1443 GMT), its highest since Dec. 4, putting it on course for a 1.8% weekly gain.
December 21, 2023 11:49 PM IST Spot gold was up 0.6% at $2,041.27 per ounce, as of 12:35 p.m. ET (1735 GMT). US gold futures rose 0.3% to $2,053.20.
December 21, 2023 05:33 PM IST In the previous close, the yellow metal had ended at Rs 63,100 per 10 grams.
December 21, 2023 01:37 PM IST Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Thursday, December 21, 2023. Gold futures, maturing on February 5, 2024, stood at Rs 62,485 per 10 grams on the MCX, after recording a marginal hike of Rs 70 or 0.11 per cent. Similarly, silver futures, maturing on March 5, 2023, also witnessed a jump of Rs 14 or 0.02 percent and were trading at Rs 75,517 per kg on the MCX. The gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals. Catch Manisha Gupta with more details.
December 21, 2023 07:06 AM IST Gold received during weddings is not taxed as it comes under streedhan, a concept under Hindu law that draws a Lakshman rekha around the gifts received by a woman during marriage. These gifts are protected from taxes even in cases of separation. But this gold should be in a reasonable quantity.
December 19, 2023 12:31 PM IST The conglomerate has bond repayments of $3.2 billion coming up over the next two years. About $2 billion worth of bonds are slated for redemption in 2024 — half of which are due as early as January — and another $1.2 bn in 2025, according to Bloomberg data.
December 18, 2023 02:23 PM IST While financial inclusion has yielded positive results for the country’s prosperity, the WGC said it has created challenges for the gold market.
December 15, 2023 10:21 PM IST The brokerage's Indian strategy team likes domestic cyclicals such as banks, power, telecom, industrials and property; while being cautious on IT, consumer and RIL. Jefferies believes is that overall central banks will be growth supportive in 2024
December 14, 2023 02:15 PM IST Analysts studied the growth of 217 AIFs from FY13 to FY22, and found that a majority of these funds generated returns more than their public market equivalents
December 14, 2023 01:46 PM IST Investor enthusiasm over the US Federal Reserve's dovish position sets the stage for a multi-year upswing in gold. Bullion saw a surge in response to the Fed's indication of three rate cuts in 2024. On the home front, gold and silver prices soared on December 14 in the MCX market. The secure-haven gold climbed by 2.3 percent, and silver shot up by 5 percent. Post the announcement, the dollar index plummeted, dipping below the 103 threshold, while the 10-year US Treasury yield slipped beneath the critical 4 percent mark. Catch Manisha Gupta in an exclusive conversation with Somasundaram, World Gold Council.
December 14, 2023 12:37 PM IST The benchmark Brent crude oil averaged approximately $80 per barrel throughout the year. This followed a volatile 2022, during which prices soared above $100 due to geopolitical tensions.
December 14, 2023 11:21 AM IST Silver prices have seen a sharp outperformance, adding over 5 percent intraday on the MCX.
December 13, 2023 11:54 AM IST According to a report from SBI Securities, the Indian retail jewellery market is anticipated to experience a Compound Annual Growth Rate (CAGR) of 15.4 percent from FY23 to FY27E.
December 12, 2023 02:51 PM IST The bonds have been rated 'AA+' by CARE and Acuite Ratings.
December 12, 2023 11:03 AM IST The bonds have been rated 'AAA' with 'Stable' outlook by CRISIL, ICRA and CARE.
December 11, 2023 11:02 AM IST On November 23, Moneycontrol citing sources reported that bank will raise Rs 1,000 crore in early December.
December 11, 2023 07:15 AM IST Mutual fund schemes that follow innovation theme try to identify companies across sectors that use new technologies to enhance productivity, involved in emerging technologies and disrupting businesses like e-commerce, fintech, renewable energy, artificial intelligence, electric vehicles, data analytics and cloud computing.
December 08, 2023 09:19 PM IST Spot gold fell 1% to $2,008.79 per ounce by 9:55 a.m. ET (1455 GMT), and was down nearly 1% for the week so far. U.S. gold futures also lost 1% at $2,025.10.
