Economy

Mumbai: Nearly 38.64 per cent of 298 open-ended equity diversified mutual funds in India outperformed their respective benchmarks in March 2025, a report said on Monday. The assets under management (AUM) of equity mutual funds — excluding sectoral and thematic funds –rose by 7.68 per cent, growing from Rs 23.12 lakh crore in February to

Mumbai: Even as tensions between India and Pakistan rise once again following the barbaric Pahalgam terror attack, Indian stock markets have showcased resilience every time the two neighbouring nations went into conflict. While investors may have initially turned cautious, historical trends reveal that Indian markets have consistently overcome geopolitical challenges and emerged even stronger. Whenever

New Delhi:  Amid significant medical breakthroughs being achieved by robots, billionaire Elon Musk on Monday said they have the potential to surpass the best human surgeons within five years. The Tesla and SpaceX CEO said that his brain-computer interface company Neuralink depended on robots for the brain-computer electrode insertion as the task was impossible to

New Delhi: The Central Board of Direct Taxes (CBDT) has directed the field formations of the Income Tax Department to step up the drive against black money and tax evasion with a comprehensive time-bound strategy to bring unreported and under-reported businesses into the tax net. The CBDT sees a potential of unearthing undisclosed income to

New Delhi:  India’s foreign exchange reserves have risen to the highest-level since November last year to $686.14 billion, which shows a resilient economy amid global uncertainties. According to data from the Reserve Bank of India (RBI), the country’s forex kitty swelled by $8.31 billion for the period ended April 18, over the previous reporting week,

New Delhi: The three-day ‘India Steel 2025’ has brought together various stakeholders to discuss the potential, challenges and opportunities in the Indian steel sector and the road-map to capitalise the international market, the Ministry of Steel said on Friday. The inaugural session was addressed by Prime Minister Narendra Modi on Thursday through a video message,

New Delhi: The World Bank Group has announced the launch of the next phase of its Private Sector Investment Lab (PSIL), focused on implementing proven solutions at scale, and its new members include Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises. This new chapter also expands the Lab’s membership to include industry leaders with experience

Mumbai: The domestic benchmark indices opened lower on Thursday amid mixed global cues, as selling was seen in the auto, metal and realty sectors in the early trade. At around 9.30 am, Sensex was trading 221.03 points or 0.28 per cent down at 79,895.46 while the Nifty declined 75.55 points or 0.31 per cent at

New Delhi:  Citing trade tensions and uncertainties oozing from ‘Trump-tariff’, International Monetary Fund (IMF) has slashed down growth forecast for global economy by 0.5 per cent for this year to 2.8 per cent, though it expects India’s GDP growth to remain above 6 per cent, despite all the odds. The IMF released the April 2025

New Delhi: Gold prices reached a historic milestone on Tuesday as the rate of 24-carat gold touched Rs 1,00,000 per 10 grams for the first time ever. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose sharply from Rs 96,670 to Rs 1,00,000 per 10 grams — a jump