Rupee’s gains kept in check by external and domestic pressures The Indian currency managed only modest movement as Forex traders pointed to a firm US dollar, continued outflows of foreign funds and subdued domestic equity markets as the main reasons limiting a sharper rise. What held the rupee back? Firm dollar: A strong dollar typically … Read more
What a 20% annual return really means An annual growth rate of 20% compounds quickly. If you had invested ₹1,00,000 in a fund that delivered 20% per year for five years, your investment would have grown to roughly ₹2.48 lakh. That’s the power of compounding: returns earn returns, and growth accelerates over time. How the … Read more
Caveat pauses approval and opens path for Mistry to be heard A caveat has been filed on behalf of Mistry, preventing the Charity Commissioner from immediately approving the Trust’s decision to remove him. The move forces the regulator to hear his objections before taking any final action. What a caveat does A caveat is a … Read more
Markets open lower in early trade Indian benchmarks slipped modestly in early trade, with the 30-share BSE Sensex down 55 points to 83,923.48 and the 50-share NSE Nifty easing 40.95 points to 25,722.40. Market snapshot Sensex: 83,923.48 (down ~0.07%) Nifty: 25,722.40 (down ~0.16%) What the move indicates The declines are modest and reflect a cautious … Read more
The Indian rupee snapped a brief slide on Tuesday, strengthening after several sessions near a record low. Traders said the central bank likely stepped in to support the currency, lifting it away from pressure points. Quick market move After trading close to a record low of 88.80 for three straight sessions, the rupee rose to … Read more
Rupee slips to near record closing low On Monday, November 3, the rupee fell for the third consecutive session, ending 7 paise weaker at 88.77 against the US dollar. That closing level left the currency close to its all‑time closing low. Market snapshot Date: Monday, November 3 Move: Down 7 paise Closing rate: 88.77 per … Read more
What is Mitra? Mitra stands for Mutual Fund Investment Tracing and Retrieval Assistant. It is a service platform designed to help investors locate and recover inactive or unclaimed mutual fund folios. In short, Mitra helps reconnect people with investments they may have forgotten or lost track of. Why tracing inactive folios matters Unclaimed folios may … Read more
Rupee Strengthens Early in Interbank Trade The rupee opened at 88.55 and was quoting 88.56 against the US dollar in early interbank deals, moving sharply higher by 21 paise from the previous close. Quick snapshot Opening rate: 88.55 per US dollar Early trade: 88.56 per US dollar Change: +21 paise (about 0.24% stronger) Previous close: … Read more
Company leans on strong balance sheet to absorb new investment Management says a healthy balance sheet and ample surplus funds give it room to back a new investment without materially weakening performance metrics. The expectation is that, while the outlay will affect cash positions, it should not become a significant drag on key return ratios … Read more
Zero handling fees give one player an edge in quick commerce One leading quick commerce platform has moved to zero handling and platform fees, setting it apart from rivals that still charge customers for order handling. This change makes the platform the only mainstream player to remove these charges entirely, reshaping the immediate pricing landscape … Read more