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Monthly SIPs in India grow nearly 10 times over last decade: Report

Monthly SIPs growing nearly 10 times over last decade: Report

Despite market disruptions and global uncertainties, retail investor participation has remained strong, with SIP assets reaching Rs 17.12 lakh crore. However, the report also highlighted increasing churn, as SIP discontinuations nearly matched new registrations, while mutual fund assets under management stood at

6 hours ago

Centre Removes Excise Duty on Higher Ethanol-Blended Petrol: What It Means for Consumers [explainer]

Centre Removes Excise Duty on Higher Ethanol-Blended Petrol: What It Means [explainer]

According to a government notification, cited in a Reuters report, petrol containing 22 per cent to 30 per cent ethanol will not attract excise duty. The exemption covers fuel variants such as E22, E25, E27 and E30, marking the first major fiscal incentive for ethanol blends above E20.

1 day ago

India's Retail Inflation Rises to 3.93% in May, Remains Below RBI's 4% Target

June policy review, the RBI raised its FY27 inflation forecast to 5.1% from 4.6%, while keeping the repo rate unchanged at 5.25%. Despite inflation concerns, India's economy remained resilient, with GDP growth at 7.8% in Q4 and 7.7% for FY26.

1 day ago

Gold and silver surge up to 1 pc amid geopolitical uncertainty

Gold, Silver Gain Up to 2% Amid Optimism Over US-Iran Peace Talks and Easing West Asia Tensions

The yellow metal was trading at Rs 1,49,916, up 0.66 per cent or Rs 948. It touched an intraday low of Rs 1,49,569, a gain of 0.42 per cent or Rs 637 from the previous close.

1 day ago

Middle East conflict: World Bank readies $100 billion crisis shield

The funds will help strengthen social safety nets, support government finances and provide liquidity to businesses and farms. The World Bank also cut its 2026 global growth forecast to 2.5%, warning that surging oil, gas and fertiliser prices have created the biggest supply shock in more than 50 years.

1 day ago

Crude oil drops over 5 pc this week, hovers above $100 amid global uncertainty

West Asia conflict could push crude oil prices to $150 per barrel

Around 11.8 million barrels per day of oil production remain offline across six Gulf producers, making it one of the largest supply disruptions in modern energy history.

2 days ago

India stays world's fastest-growing economy recording 6.4 pc rise despite Iran war fallout

AI Infrastructure Supercycle: Data Centers Navigate Power Crunch, Cooling Revolution, and India's Historic Boom in 2026

Driven by explosive demand for generative AI and high-performance computing, global data center electricity consumption is expected to nearly double by 2030, while AI-ready facilities are rapidly adopting high-density designs, liquid cooling, advanced networking and sustainable energy solutions.

2 days ago

Gold declines 1.36% this week on dollar strength, Fed outlook

Gold Drops Over 1.5%, Silver Slips as Fed Tightening Fears Weigh on Bullion

Gold futures fell 1.51% to Rs 1,50,140 per 10 grams, while silver futures dropped nearly 1% to Rs 2,36,239 per kg. International gold prices also hit an 11-week low as a stronger US dollar and rising crude oil prices increased inflation concerns, reducing the appeal of precious metals.

3 days ago

US legal issues behind us, focus now on accelerating next phase of growth: Gautam Adani

Adani Energy Solutions signs pact to buy IntelliSmart in Rs 3,050 crore deal

IntelliSmart operates more than 2.2 crore smart meters, and the deal is expected to strengthen AESL's scale, efficiency, and role in modernising India's power distribution sector, subject to regulatory approvals.

3 days ago

SBI presents Rs 8,813 crore dividend cheque to centre for FY26

India's largest lender, SBI, has presented a dividend cheque of ₹8,813 crore to the Central government for FY26. The cheque was handed over by SBI Chairman C S Setty to Finance Minister Nirmala Sitharaman, reflecting the bank's strong financial performance and contributing significantly to the government's non-tax revenue.

5 days ago

Gold, silver prices fall up to 4 pc amid geopolitical tensions

Gold futures dropped nearly 2 per cent to an intraday low of ₹1,52,712 per 10 grams, while silver futures fell as much as 3.8 per cent to ₹2,39,064 per kg. Internationally, COMEX gold and silver also traded lower.

5 days ago

Economic reforms boost India's global standing: Govt

India's business environment has improved significantly over the past 12 years due to reforms aimed at reducing compliance burdens and promoting ease of doing business, according to a government factsheet.

5 days ago

Gautam Adani is richest in Asia with net worth at $89.2 billion: Forbes

Adani's wealth increased following a rally in Adani Group stocks, including gains in Adani Power, Adani Ports, Adani Enterprises, Adani Green Energy and Adani Energy Solutions. The combined market value of six listed Adani Group companies reached about $191 billion.

6 days ago

Rupee Strengthens to 95.20 Against Dollar Amid US-Iran Peace Hopes; Panagariya Says 'Don't Panic' Over Rs 100 Mark

Rupee Strengthens To 94 Per Dollar As RBI Moves To Ease External Pressures

RBI introduced incentives for FCNR(B) deposits, eased norms for foreign investments, and expanded access to government securities. The measures helped the rupee recover from recent record lows driven by rising crude oil prices, foreign fund outflows, and geopolitical tensions in West Asia.

8 days ago

RBI's Cautious Hold: Can India Sustain Great-Power Economic Ambitions Amid Structural Headwinds and Geopolitical Shocks?

While India retains strong macroeconomic buffers such as large forex reserves, a healthy banking system, and robust digital infrastructure, economists warn that structural challenges—including weak private investment, declining net FDI, regulatory uncertainty, and sluggish job creation—could limit growth.

8 days ago

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