There is a common misunderstanding that debt mutual funds become riskier when rates rise because their daily unit prices, or net asset values (NAVs), fall. When interest rates rise, existing bond prices fall, lowering the NAV. However, the overall portfolio yield continuously rises as new, higher-yielding bonds are added.
Shares of Tech Mahindra jumped over 3% on Friday after the IT services company released its results for the April-June quarter of FY27, beating estimates and prompting brokerages to raise their target prices for the stock. Shares of the company rose to Rs 1,560 apiece after the company on Thursday reported a consolidated net profit…
Here’s a science story that sounds straight out of Greek mythology, except it’s real, and it’s about us. A new study by researchers at Lund University and the University of Sussex suggests that humans, along with every other creature with a backbone, may descend from a tiny worm-like animal that had just one eye, sitting…
The Japanese yen came under renewed pressure on Friday after soaring in the previous session as Tokyo intervened in the currency markets before the Bank of Japan’s policy decision. The dollar gained by as much as 0.45% to 160.175 in early trades, after diving 2.4% in its biggest single-day drop since January 2023 in the…
The Supreme Court has directed Indian Railways to extend insurance coverage to passengers buying train tickets at station counters from October 27, 2026. At present, passengers can get this facility when making train travel reservations online by paying a nominal additional amount. A bench of Justices Ahsanuddin Amanullah and R Mahadevan pronounced the order on…
For long-term investors looking at large-, mid-, and small-cap indices, the gap between current index levels and their previous peaks offers a snapshot of how much each segment needs to gain to recover its highs and potentially add value to investments. The Nifty 50 index, which represents large-cap stocks, would need to gain 8% to…
Shares of Meesho rallied as much as 5% to hit the day’s high of Rs 244 on the BSE on Monday after the company said its Meesho Mega Blockbuster Sale 2026 opened to strong demand across India, with Day 1 orders rising 75% year-on-year (YoY). “As India’s largest e-commerce platform by Placed Orders, Meesho saw…