Sebi has introduced a streamlined process for transferring Portfolio Management Services (PMS) businesses between managers to enhance ease of doing business. The new framework mandates prior Sebi approval for all transfers, with specific rules for group and non-group transfers, including…
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India’s forex reserves surged by USD 4.496 billion to USD 702.28 billion in the week ending October 17, primarily driven by a significant rise in gold reserves. While foreign currency assets saw a decrease, the overall reserves benefited from the…
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SBI Life Insurance’s second-quarter profit fell 7% due to increased commissions and lower investment income. Despite strong demand, higher agent payouts impacted expenses. The insurer is shifting its product mix towards higher-margin, non-participating products, leading to improved value of new…
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Indian benchmarks secured their fourth consecutive weekly gain, driven by stable corporate earnings and robust festival sales. However, the indices saw a dip on Friday as investors booked profits and expressed caution over India-U.S. trade talks, following the Trade Minister’s…
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India will not hurry into trade deals. Commerce Minister Piyush Goyal stated the nation seeks fair and equitable agreements. This approach applies to ongoing talks with the US and the EU. India prioritizes long-term vision over immediate targets. The minister…
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Mutual fund assets from beyond India’s top 30 cities reached 19% in September 2025, a significant rise. These B30 locations show a strong preference for equity schemes. Individual investor assets from these areas also saw an increase, highlighting growing participation…
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