Investment in equity mutual funds surged over five-fold to Rs 94,151 crore in the June 2024 quarter against Rs 18,358 crore a year ago. This has also pushed the industry’s assets under management (AUM) by 59 percent to Rs 27.68 lakh crore in June from Rs 17.43 lakh crore a year ago, data from the … Read more
New Delhi: The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, partly attributable to a strong US dollar, sticky inflation particularly in the food segment, and poll outcome-related anxieties. With over 10 days more to go in May, the latest data from National Securities Depository Limited (NSDL) showed … Read more
New Delhi: Chip Bergh, the global chief executive of denim maker Levi Strauss & Co., said political stability has helped Indians stay optimistic about the future, driving consumer demand as well as investment by multinationals. “Having a stable government has definitely helped,” Bergh told ET in an interview. “It is part of what gives some … Read more