MUMBAI: Investors continued to invest in equities, debt and gold through the mutual fund route despite volatile markets due to geopolitical tensions. In April, net inflows in equity funds were at Rs 38,440 crore, down marginally from Rs 40,450 crore in March while the corresponding figure in debt funds showed a huge reversal with a…
The Centre on Monday said India has “ample” fertiliser stocks to meet demand for the upcoming Kharif sowing season and appealed to farmers not to resort to panic buying amid concerns triggered by the Middle East situation, PTI reported.Addressing an inter-ministerial briefing on recent developments in Middle East, Aparna S Sharma, Additional Secretary in the…
Jewellery industry body All India Jewellers & Goldsmith Federation (AIJGF) on Monday urged the government to focus on domestic gold mobilisation and recycling instead of discouraging gold purchases, warning that any sharp fall in demand could hurt livelihoods linked to the sector, PTI reported.The federation’s comments came a day after Prime Minister Narendra Modi appealed…
India has sufficient fuel inventories and there is no plan to ration petrol, diesel or LPG supplies despite continuing disruptions in global energy markets, Oil Secretary Neeraj Mittal said on Monday, PTI reported.Addressing the CII Annual Business Summit, Mittal said the country has maintained adequate fuel and LPG stocks during the ongoing West Asia crisis…
Wall Street’s main indices traded cautiously on Monday after last week’s record-setting rally as renewed concerns over stalled US-Iran peace talks and rising oil prices weighed on investor sentiment, Reuters reported.The Dow Jones Industrial Average was nearly flat in early trade, slipping 3.54 points, or 0.01 per cent, to 49,605.62.The S&P 500 rose 11.38 points,…
India expects a US delegation to visit the country for the next round of bilateral trade talks, though dates for the meetings are yet to be finalised, an official told news agency PTI on Monday.The development comes after Indian officials travelled to Washington DC in April for in-person discussions with their US counterparts to advance…
Net inflows into equity-oriented mutual fund schemes declined 5 per cent month-on-month to Rs 38,440 crore in April, while contributions through Systematic Investment Plans (SIPs) also moderated, according to data released by industry body AMFI on Monday, PTI reported.Equity mutual funds had attracted net inflows of Rs 40,450 crore in March.Monthly SIP contributions slipped to…
In its sharpest single-day fall in more than a month, the rupee tumbled nearly 0.9 per cent to close at a record low of 95.31 against the US dollar on Monday as surging crude oil prices and escalating US-Iran tensions rattled financial markets, Reuters reported.The currency slide came after US President Donald Trump rejected Iran’s…
The European Union and United States are urging India to accept “data exclusivity” provisions in free trade agreements, but a GTRI report has warned otherwise. Think tank Global Trade Research Initiative (GTRI) has cautioned that such commitments could damage its agrochemical industry, increase dependence on imports and raise costs for farmers. Furthermore, it could also…
Centre has no plans to increase duties on gold and silver imports, according to a government source. This comes amid growing concerns related to import duties in the country after Prime Minister Narendra Modi urged people to avoid non-essential gold purchases over the next one year to protect forex reserves.On the trade front, US officials…
