Mutual funds increased holdings in 10 leading Indian companies during the June quarter, with ICICI Bank and HDFC Bank seeing the largest value additions. All 10 stocks gained, led by Adani Enterprises, InterGlobe Aviation and Bajaj Finance during the quarter.
Introduction: In this article, I’ll delve into the intricacies of Flexi Loans, shedding light on how they operate and the advantages they offer to borrowers. Flexi Loans, often provided by financial institutions, are a dynamic borrowing option that allows individuals to manage their finances with unprecedented flexibility. Unlike traditional loans, which come with fixed…
Dubai’s big-ticket property market cools, but offices tell a different story Geopolitical tensions have slowed large commercial property deals in Dubai, with transaction value falling 21% in the June quarter. However, office demand remains strong amid limited supply, with office transaction value nearly tripling as investors favour smaller deals.
Investors holding Sovereign Gold Bond (SGB) 2019-20 Series VIII can opt for premature redemption from July 21, with the Reserve Bank of India (RBI) fixing the redemption price at ₹14,170 per unit. The tranche, issued on January 21, 2020, has completed five years, making it eligible for early redemption under the scheme’s rules. While the…
Wall Street extended its decline on Friday as a pullback on stocks associated with the AI boom, which has driven many of the gains so far this year, morphed into a larger risk-off sentiment. Semiconductor shares, which have led the broader market’s move in recent sessions, initially led the selloff, which broadened as the session…
Stocks in Asia fell after a technology-led selloff on Wall Street as investors questioned whether the billions being poured into the artificial intelligence buildout will generate sufficient returns. Oil held its gains. The MSCI Asia Pacific Index declined 0.8% after gauges in Japan, South Korea and Australia slipped. That came after the S&P 500 fell…
Oil prices climbed more than 4% to their highest in more than a month on Friday after the U.S. and Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on top of the restricted traffic through the Strait of Hormuz. Brent crude futures settled $3.87, or 4.59%, higher…