India-focused offshore funds and ETFs delivered returns of up to 32.7% over three months, outperforming the MSCI India USD Index, which fell 12%. Taishin India led gains, followed by Aditya BSL, SBI Resurgent India Opportunities, AsahiLife Neuberger and Wasatch.
Birkenstock raised its annual sales growth forecast and beat quarterly revenue estimates on Thursday, banking on resilient full-price demand for its premium sandals from affluent shoppers, sending its shares up about 18%. Strong pricing power and brand loyalty have helped companies such as Birkenstock that cater to wealthier consumers remain largely insulated from a wider…
The Ministry of Electronics and Information Technology (MeitY) announced on Saturday that the Aadhaar App has crossed 40 million (4 crore) downloads, reflecting the growing adoption of the new platform that allows residents to access and manage Aadhaar-related services directly from their smartphones. According to the government, nearly 49 lakh mobile numbers, 11.65 lakh addresses…
IndiaFirst Life Insurance’s chief operating officer, Atri Chakraborty, cited three reasons: temporary liquidity requirements arising from medical emergencies; job losses, education expenses or changing financial priorities, and life-stage events such as retirement, debt repayment or major family milestones.
More than one lakh Employees’ Provident Fund Organisation (EPFO) subscribers are a step closer to receiving long-unclaimed provident fund balances automatically, with the Labour Ministry identifying and verifying 1.18 lakh dormant accounts under a pilot refund programme, according to a report by The Hindu BusinessLine. The pilot covers 7.11 lakh inoperative EPFO accounts holding balances…
Mid-cap mutual funds have emerged as the best-performing equity fund category across the last one, three and five years, reinforcing their reputation as a sweet spot for investors seeking higher growth without venturing into narrowly focused themes. An analysis of equity mutual fund categories (excluding sectoral and thematic funds) shows that mid-cap funds generated average…
PERTH: Oil rose on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran launched retaliatory strikes on U.S. infrastructure in the region. For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest since June 15 and rose further on…