An annual mutual fund ritual
Previously, in this column, we discussed the cost of switching from a regular plan to a direct plan for your mutual fund (MF) investments. To complete the discussion, we look at the growth and income distribution cum capital withdrawal (IDCW) options offered by fund houses. Reinvesting cashflows The IDCW option
Trump says EU ‘in for tariffs’, warns of 10% rate on China
U.S. President Donald Trump pledged Tuesday to hit the European Union with tariffs, adding that a 10% duty on Chinese imports could also come as soon as February 1. Mr. Trump, who was speaking to reporters at the White House a day after being sworn in, cited the need to
As Trump takes aim at EVs, how far will rollback go?
As part of his flurry of first-day actions, U.S. President Donald Trump took aim at electric vehicles, a cornerstone of the Biden administration’s climate change agenda. Mr. Trump’s executive order on “Unleashing American Energy” on Monday included steps to ensure a “level” playing field for gasoline-powered motors and halt federal
Reliance Consumer Products firm acquires SIL Foods
Bengaluru-based Reliance Consumer Products Limited (RCPL) has announced the acquisition of Mumbai-based SIL Foods for an undisclosed sum. This acquisition marked a significant milestone for RCPL in its pursuit of building a futuristic business with a solid foundation, the company said in a statement on Wednesday. “Reliance Consumer Products is
Windfall for Telangana at Davos as Sun Petrochemicals to invest ₹45,500 crore
Telangana Chief Minister A. Revanth Reddy with AP Chief Minister N. Chandrababu Naidu and Maharashtra Chief Minister Devendra Fadnavis at the World Economic Conference in Davos, Switzerland on Wednesday. The third day of the World Economic Forum saw a windfall for Telangana as the government signed MoUs worth thousands of
Rupee declines 5 paise to 86.40 against US dollar in early trade
The rupee declined 5 paise to 86.40 against the US dollar in early trade on Thursday (January 23, 2025) amid a strengthening greenback. While a drop in crude oil rates and an upward trend in the domestic equity markets prevented further decline in the local currency, forex traders expected it
Sensex, Nifty extend gains for 2nd day on buying in IT, consumer stocks
A view of the BSE building in Mumbai | Photo Credit: Paul Noronha Equity benchmark indices Sensex and Nifty extended gains for the second session on Thursday (January 23, 2025) due to intense buying in IT, consumer durables and commodity stocks amid a largely positive trend in global markets. In
UltraTech Cement Q3 PAT down 17% to ₹1,474 crore, sales volume up 10% YoY
UltraTech Cement Ltd, an Aditya Birla Group company, for the third quarter ended December 31 reported a 17% decline in consolidated net profit to ₹1,474 crore as compared with ₹1,775 crore a year earlier. Revenue from operations grew marginally by 2.7% to Rs 17,193 crore from Rs 16,740 crore in the same period last year. During the quarter,
Putin growing concerned by Russia’s economy, as Trump mulls more sanctions
President Vladimir Putin has grown increasingly concerned about distortions in Russia’s wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict, five sources with knowledge of the situation told Reuters. Russia’s economy, driven by exports of oil, gas and minerals, grew robustly over the past two
Rupee rises 18 paise to 86.26 against U.S. dollar in early trade
On January 23, 2025, Rupee declined nine paise to settle at 86.44 against the U.S. dollar. File | Photo Credit: The Hindu Rupee appreciated 18 paise to 86.26 against the U.S. dollar in morning trade on Friday (January 24, 2025), supported by positive domestic equities and soft American currency index.