Cash holdings of actively managed equity-oriented mutual fund schemes declined to a seven-month low of 5.5 per cent in June, signalling a shift from the cautious stance seen earlier in the year. Cash levels, which were at 4.6 per cent in June 2024, had steadily risen to a peak of 6.8 per cent in April … Read more
The Federation of Automobile Dealers Associations (FADA) has sought the Reserve Bank of India’s intervention against alleged delays by private banks in transmission of the interest rate cuts to automobile buyers. In a letter to RBI Governor Sanjay Malhotra, FADA also called for a review of private banks’ repo-rate pass-through lags in the auto-loan portfolio … Read more
India’s economy grew by 7.4 per cent in the January-March quarter (Q4) of FY25, beating expectations and marking the strongest quarterly growth of the fiscal year. India is projected to maintain a steady 6-6.5 per cent year-on-year (y-o-y) real GDP growth in FY26, supported by resilient domestic demand and potential relief from softer global crude … Read more
Li Qiang, China’s premier, during the World Artificial Intelligence Conference (WAIC) in Shanghai, China, on Saturday, July 26, 2025. | Photo Credit: QILAI SHEN Chinese Premier Li Qiang on Saturday proposed establishing an organisation to foster global cooperation on artificial intelligence, calling on countries to coordinate on the development and security of the fast-evolving technology. … Read more
The MPV segment isn’t as utilitarian as it once was, especially with well-rounded cars like the Innova/Hycross, Ertiga/XL6 and Kia Carens proving that one doesn’t have to compromise on style, features or even desirability if he wants a car that seats more people than the conventional SUV. Having said that, if there was one thing … Read more
Canada Pension Plan Investment Board (CPP Investments) has agreed to sell its 49 per cent interest in Island Star Mall Developers Private Limited (ISMDPL), a strategic investment platform established with The Phoenix Mills. The stake will be sold to Phoenix Mills and affiliates. Net proceeds to CPP Investments from the sale will be approximately ₹5450 … Read more
H Shankar, Managing Director, CPCL, at an interaction with media persons in Chennai | Photo Credit: BIJOY GHOSH Chennai Petroleum Corporation Ltd, a standalone refinery company and part of Indian Oil Corporation, reported a net loss of ₹40 crore during the first quarter ended June 30, 2025 as against a net profit of ₹484 crore … Read more
India is flexible for collaboration of domestic companies with Chinese, especially electronics, a government source said on Friday. Around 60 per cent of electronics manufacturing happens in China, and hence, it is not easy to ignore it, the source added. “Things are easing (between India and China). There are signals. Tourist visas have been opened. … Read more
Bengaluru-based quantum technology solutions company QpiAI will partner with the Andhra Pradesh government, which is building a Quantum Valley at Amaravati. It will set up an advanced 8-qubit quantum computer in the valley. Nagendra Nagaraja, founder of QpiAI, met Andhra Pradesh Chief Minister N Chandrababu to discuss his company’s plans, an official statement said here … Read more
Exporters are hopeful that CETA will help reduce landed cost of Indian products in the UK market, boosting export volume and enhance income of farmers. The Comprehensive Economic and Trade Agreement (CETA) between the UK and India is a win for Indian farmers as 95 per cent of agri items will have zero duty when … Read more