Fixed-income mutual funds experienced a substantial Rs 1.02 lakh crore net outflow in September, primarily due to large institutional withdrawals from liquid and money market funds. This significant redemption activity pulled down the assets under management for debt funds by…
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Finance Minister Nirmala Sitharaman on Wednesday highlighted the surge in Diwali sales this year which touched a record Rs 6.05 lakh crore, driven by GST rate cuts and strong demand for ‘swadeshi’ products.
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India is shifting its renewable energy focus from rapid capacity additions to building a resilient, dispatchable, and integrated system. The nation is prioritizing grid integration, energy storage, and market reforms to support its goal of 500 GW non-fossil capacity by…
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India’s steel sector faced significant headwinds in 2023-24 and 2024-25 due to cheap imports and dumping from global producers, impacting domestic production and capacity utilization. The RBI Bulletin highlighted the need for policy support, including safeguard duties, to boost competitiveness…
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AI leaders are entering India to tap into its strong tech talent. Their first local hires will come from startups and global capability centres, focusing on roles in engineering, research, sales, and product.
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The Indian government is exploring new funding mechanisms for its regional air connectivity scheme, UDAN, including direct budgetary support to airlines. This comes as the scheme aims to connect 120 new destinations over the next decade, with existing funding models…
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