India’s love for gold is once again a talking point — this time highlighting its economic strength. Gurmeet Chadha, Managing Partner & CIO at Complete Circle, has underscored India’s massive gold holdings, estimated at nearly $3.5 trillion, as a sign of the country’s deep-rooted wealth and resilience. Chadha, in a post on X, noted that … Read more
Foreign Institutional Investors (FIIs) have continued to pare their exposure to Indian equities in September, offloading shares worth Rs 10,782 crore so far. Nifty has remained unbeaten for eight successive sessions despite this sell-off. On Friday, FIIs were net buyers at Rs 129.6 crore while the domestic institutional investors (DIIs) were net buyers at Rs … Read more
Indian equities closed out August with a second straight month of losses, as the Nifty fell 1.38% in a holiday-shortened month and recorded its weakest two-month stretch since early 2023. The benchmark index has been weighed down by U.S. tariff shocks, foreign fund outflows, and profit-taking across key sectors. Investors now face a pivotal week … Read more
Abhay Agarwal, Founder & Fund Manager, Piper Serica, says the markets are eagerly awaiting a resolution to the US president’s tariff disputes, as the daily threats are impacting Indian industries. Order cancellations from US buyers in sectors like textiles and auto ancillaries are already occurring due to tariffs. A sustainable resolution is crucial to restore … Read more
NFO investment: SBI Mutual Fund has introduced SBI Nifty Bank Index Fund, an open-ended scheme designed to replicate the Nifty Bank Index. This scheme’s New Fund Offer (NFO) period commences on January 20, 2025, and concludes on January 31, 2025. The Nifty Bank Index includes up to 12 companies listed on the National Stock Exchange … Read more
Arvind Panagariya, Chairman, 16th Finance Commission, in conversation with ET Now at the Times Network India Economic Conclave. Panagariya says when it is said that inequality has gone up and billionaires are becoming richer and the poor are getting poorer, that gets a lot of attention, but that is really not true. Billionaires have come … Read more
India’s central bank will cut its key policy rate in December by a quarter point to 6.25% to bolster slowing economic growth, according to a slim majority of economists in a Reuters poll who also expect inflation to moderate in the near-term. Inflation unexpectedly spiked to 5.49% in September, but was forecast to cool to … Read more
“So, our own estimate is 6.8% for GDP growth and we have seen in the last two-three quarters a big variance actually between GDP growth and GVA growth. One is sort of from the demand side, the other is from the supply side. And we do think the GVA growth is going to continue to … Read more
Kolkata: The Indian economy is on a firm footing with an improved external sector sustainability and a robust corporate balance sheet which along with a thrust on production linked incentive schemes could boost employment, said the Reserve Bank of India in its annual report. “The outlook for the Indian economy remains bright, underpinned by a … Read more
Lauding India‘s structural reforms, Amitabh Kant, India’s G20 Sherpa and former Niti Aayog chief, said such reforms have moved the country from the fragile 5 to the top 5, leading to a growth rate of about 8.4% in the last 3 quarters.“Analysts are correct in saying that 30% of the global GDP growth will come … Read more