Companies that rank highest on diversity are delivering a clear financial edge, with a new study showing that inclusive firms recorded nearly 50% more profit after tax (PAT) than their less diverse peers.According to the ‘Marching Sheep Inclusion Index 2025’, a study conducted by HR advisory firm Marching Sheep, around 8 out of 10 sectors…
Quick commerce is witnessing a massive growth in the country, as Indians spent Rs 64,000 crore on platforms like Blinkit and Instamart in FY25. This figure is more than double the Rs 30,000 crore recorded in the previous year, according to a new report released Thursday by CareEdge Advisory.The agency, a unit of domestic ratings…
Investor appetite for gold-backed mutual funds surged in June, with Gold Exchange Traded Funds (ETFs) attracting net inflows of Rs 2,081 crore, the highest in five months, amid resilient gold prices, market volatility, and geopolitical tensions.According to data from the Association of Mutual Funds in India (Amfi), the June inflows mark a sharp jump from…
TCS Q1 FY205-26 results: Tata Consultancy Services, India’s largest IT services provider, reported a Profit After Tax (PAT) of Rs 12,760 crore for the first quarter of the ongoing financial year 2025-26. The net profit increased 6%, up from Rs 12,040 crore in the corresponding period last year.The profit after tax exceeded market expectations, which…
NEW DELHI: The Department of Financial Services (DFS) under the Ministry of Finance has refuted media reports claiming it instructed banks to shut dormant Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts. In an official statement issued on July 8, the ministry clarified that no such directive has been given and that the reports are “factually incorrect.”“In…
India’s GDP is estimated at $4.2 trillion, according to the IMF, with projections indicating growth to $4.27 trillion soon. Nvidia Corporation’s market capitalization has crossed the $4 trillion mark! Nvidia Corporation, the US chipmaker giant, became the first company in the world to cross the $4 trillion market valuation figure. Nvidia achieved this significant milestone…
Image used for representative purposes NEW DELHI: Manipal Hospitals announced on Wednesday that it signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’), a global investor. The acquisition will bring Ranjan-Pai backed Manipal’s total bed count to about 12,000, making it one of India’s largest hospital networks, says a company…
MUMBAI: After a few months of flat growth in inflows by retail investors through SIPs in mutual fund schemes, the northward movement is back. In June, gross inflows through SIPs in MFs – an investment segment within the MF industry that is dominated almost entirely by retail investors – touched a new all-time peak at…
Monthly investments through systematic investment plans (SIPs) surged to a new peak of Rs 27,269 crore in June 2025, up 2% from Rs 26,688 crore in May, crossing the Rs 27,000 crore mark for the first time, according to fresh data from AMFI.The SIP assets under management (AUM) rose to Rs 15.30 lakh crore in…
Gold price today: Gold prices declined by Rs 700 to Rs 98,420 per 10 grams in the national capital on Wednesday, tracking weak global cues amid reduced expectations of a near-term rate cut by the US Federal Reserve. According to the All India Sarafa Association, gold of 99.9% purity had settled at Rs 99,120 in…
