Economy

Mumbai: Gold exchange-traded funds (ETFs) witnessed a massive surge in inflows in January, as investors poured Rs 3,751.4 crore into these funds, according to the Association of Mutual Funds in India (AMFI) data on Wednesday. The inflows in January were the highest-ever recorded for gold ETFs in a single month, as Rs 640 crore was

New Delhi: India’s retail inflation rate, based on the Consumer Price Index, fell to a five-month low of 4.31 per cent in January as prices of vegetables and pulses eased during the month bringing respite to household budgets, according to figures released by the Ministry of Statistics on Wednesday. The easing of inflation reflects a

Mumbai:  Equity mutual funds (MFs) saw net inflows of Rs 39,687.78 crore in January even as the domestic stock market continued its downward trend, according to data from the Association of Mutual Funds in India (AMFI) on Wednesday. This comes after December saw a strong 14.5 per cent jump in inflows to Rs 41,155.91 crore.

Seoul: South Korean companies in 10 key manufacturing sectors, including the semiconductor industry, plan to invest a combined 119 trillion won ($81.8 billion) this year to foster sustainable growth, the industry ministry here said on Wednesday. The figure marks a 4 percent increase from the 114 trillion-won investment made in those sectors last year, according

Bengaluru: The Adani Defence and Aerospace stall, showcasing futuristic technology, has been one of the main attractions at Asia’s largest five-day air show and the 15th edition of the country’s premier aerospace exhibition ‘Aero India 2025’ in Bengaluru. Focusing on cutting-edge technology, the spacious stall features state-of-the-art weaponry. The highlight of the display is the

Mumbai:  The Reserve Bank of India (RBI) was all set to inject Rs 2,50,000 crore through its Variable Rate Repo (VRR) auction on Wednesday to enhance liquidity in the banking system. The Central Bank has stated that the amount has been decided based on an assessment of the liquidity conditions. The Reserve Bank also said

Mumbai:  The Indian benchmark indices opened lower on Wednesday amid ongoing concerns over the US President Donald Trump’s tariff threats. The Nifty 50 and Sensex opened 0.1 per cent lower. The Nifty started at 23,050 and Sensex at 76,188 at the opening bell. At around 9.31 am, Sensex was trading 364.21 points or 0.48 per

Paris:  Addressing the 14th India-France CEO Forum in Paris on Tuesday, Prime Minister Narendra Modi highlighted India as the preferred global investment destination thanks to the “eco-system of stable and predictable policy” built under his leadership in the last decade. He said that it was the “right time to come to India” for investment. “This

Paris: Google CEO Sundar Pichai has highlighted the “incredible opportunities” that artificial intelligence (AI) will bring to India, following his meeting with Prime Minister Narendra Modi on the sidelines of the AI Action Summit in Paris. The Alphabet CEO also noted the potential for close collaboration between “we” (Google) and India to advance the country’s

Paris: After successfully co-chairing the AI Action Summit in Paris, Prime Minister Narendra Modi and French President Emmanuel Macron arrived in Marseille on Tuesday (local time) ahead of their engagements in the city. PM Modi also thanked the people of Marseille for the role they played in Veer Savarkar’s escape during colonial rule. He posted