Business

The minimum amount for application is ₹100 and in multiples of 100 during the NFO, making it easy and accessible for investors. (AI image) Bangalore: Zerodha Fund House has launched its Zerodha Multi Asset Passive FoF, an open ended fund of fund scheme that will invest in units of equity funds, debt schemes, index funds…

The Ministry of Information Technology is monitoring developments following TCS‘s announcement to reduce its workforce by over 12,000 staff, according to PTI sources. Officials, cited by the news agency, claimed the IT Ministry is closely following the situation and maintaining communication with the technology company. The ministry seeks to understand the root causes behind this…

Sona BLW Precision Forgings (Sona Comstar) has issued a cease-and-desist notice to Rani Kapur, mother of former chairman Sunjay Kapur, demanding she stop disseminating unlawful and defamatory information, according to informed sources, quoted by Economic Times.The notice demands Rani withdraw her July 24 letter to the board, shareholders and stakeholders within 24 hours. The company…

Market experts anticipate continued pressure due to varied Q1 results, ongoing FII outflows and stalled progress in India-US trade negotiations. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Tuesday. While Nifty50 was near 24,700, BSE Sensex was hovering near 80,900. At 9:19 AM, Nifty50…

Top stocks to sell today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Tata Tech, and NCC Ltd are the top stocks to sell today:Tata Tech – Sell in the range between Rs 702 & Rs 698; Stoploss: Rs 723; Target: Rs 640Tata Tech…

MUMBAI: IndusInd Bank returned to profit in Q1FY25, although net profit fell sharply by 72.2% to Rs 604.1 crore from Rs 2,170.7 crore a year earlier. The decline was driven by higher provisions and a contraction in core lending profitability, even as other income more than tripled. The bank had reported a loss of Rs…

BENGALURU: India’s venture-backed startups raised over Rs 44,000 crore ($5.3 billion) from public markets in FY25, more than double the late-stage capital they secured from private investors during the same period, according to The Rainmaker Group’s RainGauge Index FY25 Annual Update. The data points to a decisive shift in the startup funding lifecycle with IPOs,…

The finance ministry has said there is room for further interest rate cuts by the Reserve Bank of India (RBI), as inflation remains comfortably below the central bank’s medium-term target of 4%. In its monthly economic review released on Monday, the ministry noted that consumer inflation has stayed under the 4% mark since February and…

China’s decision to ban exports of certain rare earth elements could disrupt India’s domestic production and exports in at least five core sectors, including transport equipment, basic metals, machinery, construction, and electronics, according to a new report from economists at the State Bank of India (SBI).The report pegged India’s rare earth and compound imports at…

As the final leg of the 7th Pay Commission nears, nearly 1 crore central government employees and pensioners are now tracking the next hike in Dearness Allowance (DA) and Dearness Relief (DR), which is due to be announced soon. Although the hike will be effective from July 2025, the actual credit of revised salaries typically…