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Mutual funds’ share in household savings jumps 6x in decade on inclusion, low rates & confidence boost

[ad_1] MUMBAI: The share of mutual funds in the household sector’s gross financial savings increased from 0.9% in 2011-12 to 6% in 2022-23. Assets under management have grown at a compounded annual growth rate (CAGR) of 17.1%. This has made mutual funds a stabilising force in equities and helped cushion the equity market against volatility triggered by FPI outflows according

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Which sectors are worst hit by U.S. tariffs? | Explained

[ad_1] The story so far: The 50% tariffs imposed by the U.S. on imports from India came into effect on August 27, sending ripples through the Indian economy and the government. Several sectors, many of them labour-intensive, have the U.S. as a major export destination, and many are already seeing a significant dip in demand. The government is cognisant of

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Corporate India’s PAT up 11% in Q1 FY2026

[ad_1] Corporate India’s profit after tax increased at a pace of 11% to ₹19,62,314 crore in the first quarter of fiscal 2026, according to a report by Bank of Baroda Research. PAT grew at a slightly faster pace of 11.3% in the year ago period . Net sales increased 4.9% to ₹28,33,645 crore in the reporting quarter. This growth rate is

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Heavy rains leave 41 dead in J&K; rivers recede as weather improves

[ad_1] Commuters wade through a waterlogged road following heavy rainfall, in Srinagar, on August 28, 2025. Incessant rains over the past three days left a trail of destruction in Jammu and Kashmir, killing at least 41 people and causing widespread damage to infrastructure, officials said, even as water levels in major rivers began receding from Wednesday afternoon. The dead include

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US tariffs: FM Sitharaman holds inter-ministerial meet; explores measures to shield exporters

[ad_1] Finance Minister Nirmala Sitharaman on Thursday chaired an inter-ministerial meeting to explore possible support measures for exporters hit by steep US tariffs, PTI reported cited sources.The meeting was attended by senior officials from the ministries of finance, commerce, textiles, MSMEs, chemicals and fisheries.The discussions came in the wake of Trump administration’s decision to impose a 50% tariff on Indian

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AHPI and Bajaj Allianz take steps to resolve cashless health insurance impasse 

[ad_1] AHPI noted that Bajaj Allianz had not revised tariffs for many years, despite consistent medical inflation and rising operational costs.   | Photo Credit: Getty Images The Association of Healthcare Providers of India (AHPI) and Bajaj Allianz General Insurance company have taken a step towards resolving the differences between them. Tensions escalated between the two, after the AHPI had advised

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Global urea prices spike on sudden Indian demand, low stocks

[ad_1] The Middle East FOB price of urea was quoted at $506.25/tonne on Thursday | Photo Credit: PTI The price of urea in the global market is reported to have spiked in the Middle East from India’s last contracted rate of $530/tonne (CFR). This has been attributed to the sudden demand from India amid declining stocks. On the other hand,

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Dick’s Sporting Goods (DKS) Q2 2025 earnings

[ad_1] A Dick’s Sporting Goods store is shown in Oceanside, California, U.S., May 15, 2025. Mike Blake | Reuters Dick’s Sporting Goods raised its full-year sales and earnings guidance after delivering fiscal second-quarter results that beat expectations. The company is now expecting comparable sales to grow between 2% and 3.5%, up from a previous range of 1% and 3% and

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Pending home sales tick lower in July as canceled contracts spike

[ad_1] Signed contracts to buy existing homes, known as pending sales, were weaker in July compared with June, and were canceled at the highest rate since at least 2017. The monthly pending home sales index from the National Association of Realtors dropped 0.4% in July from June, but was still 0.7% higher from July of last year. Mortgage rates in

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Karnataka HC to hear pleas against online money gaming law on August 30

[ad_1] The Karnataka High Court will hear petitions challenging the recently enacted ban on online money gaming on August 30. Major gaming company A23 has challenged the law, with senior advocates C Aryama Sundaram and Dhyan Chinnappa requesting an urgent hearing. The Promotion and Regulation of Online Gaming Act, 2025, which received President Droupadi Murmu’s approval on August 22, outlaws

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US economy: Q2 GDP growth revised upward to 3.3%; driven by low imports and strong consumer spending

[ad_1] The United States economy showed stronger growth than previously estimated in the second quarter of the year, government figures showed on Thursday.According to the second estimates released by the US commerce department, the gross domestic product (GDP) rose at an annual rate of 3.3% between April and June, an upward revision from the 3.0% figure released in July. The

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Infinitas Capital, Christian Angermayer’s Apeiron partner on Swedish IPOs

[ad_1] Key Points Investors are increasingly drawn to Europe amid tariff uncertainty, but startups face still obstacles going public on European exchanges. Swiss real estate heir Robin Lauber and German billionaire Christian Angermayer are joining forces to get startups to go public in Sweden. Lauber told CNBC about their startup pipeline and why Sweden is a bright spot for ambitious

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Aviation sector faces steeper losses in FY26; passenger growth slows amid headwinds: ICRA

[ad_1] The Indian aviation sector is expected to encounter greater turbulence in FY2026, with projected net losses that can climb to Rs 95,000 to Rs 1,05,000 crore compared to Rs 55,000 crore in FY2025. The escalation in losses is driven by slowing passenger traffic growth alongside increasing aircraft deliveries, as cited by ICRA. “During FY2025, the Indian aviation industry benefited

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Amtrak is debuting its NextGen Acela. Here’s what you need to know

[ad_1] Amtrak’s NextGen Acela. Courtesy: Amtrak Amtrak rolled out its NextGen Acela trains on Thursday, marking the next phase for the U.S.’s attempt at high-speed rail. Dubbing itself as “America’s only high-speed rail service,” the new trains will run between Washington, D.C., and Boston, with a top speed of 160 mph. It’s an extension of Amtrak’s existing Acela trains, which

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Solapur’s terry towel industry braces for Trump tariff, plans global push

[ad_1] Home to a vibrant handloom and powerloom industry, Solapur sustains nearly 50,000 workers through 12,000 powerlooms, 200 rapier looms, and 200 air jet looms. The city produces chaddars, towels, and napkins with an annual turnover of over ₹1,600 crore, and its terry towels hold a strong presence in the global market. “Our terry towel designs are unique to Solapur

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Bank of Baroda cuts car, mortgage loan interest rates 

[ad_1] Image for representation only | Photo Credit: Reuters Bank of Baroda on Thursday (August 28, 2025) has announced a reduction in its car loan interest rates. Its floating car loan interest rates now start from 8.15% p.a. (earlier 8.40% p.a.), with immediate effect. “The rate cut is over and above the rate reduction by the bank post the 100

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Textile, leather, gems and jewellery stocks decline in morning trade

[ad_1] Bombay Stock Exchange (BSE) in Mumbai. | Photo Credit: REUTERS Textile, leather, gems and jewellery stocks declined on Thursday morning trade as the steep 50% tariff on Indian goods entering the United States came into effect. Shares of Alok Industries tanked 4.13%, Raymond Lifestyle fell by 3.66%, Siyaram Silk Mills dropped 2.92%, Welspun Living declined 2.53%, Gokaldas Exports went

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Rajasthan Rains: Heavy rain wreaks havoc; schools, colleges closed in Jodhpur

[ad_1] The district administration has announced a holiday for students in all educational institutions, including schools and colleges, on Thursday, August 28 due to Jodhpur’s waterlogging and severe rainfall. In accordance with Sections 30 and 34 of the Disaster Management Act of 2005, District Collector Gaurav Agarwal issued the order on Wednesday evening. The decision comes after serious waterlogging in

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Gold & silver price prediction today: Gold rate exhibiting bullish trend – what’s the outlook and should you buy or sell?

[ad_1] Gold price prediction: The bullish sentiment in gold is supported by both technical and fundamental factors. (AI image) Gold and silver price prediction today: Gold prices are likely to continue their bullish trend in the near term, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. The analyst also believes that the upward momentum in silver

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Stock market today: Nifty50 below 24,700; BSE Sensex recovers from lows, down over 200 points as Donald Trump’s 50% tariffs hit India

[ad_1] Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Thursday a day after 50% US tariffs came into effect on India, but recovered in mid-day trade. While Nifty50 was below 24,700, BSE Sensex was over 200 points down. At 11:05 Am, Nifty50 was trading at 24,656.30,

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Top stocks to buy today: Stock recommendations for August 28, 2025 – check list

[ad_1] Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Nykaa, Kaynes, and Dr Reddy’s Laboratories are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 28, 2025:Index View: NiftyAfter an inside

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Rug pulled from under carpet industry

[ad_1] Varanasi: With the American market accounting for almost 60% of India’s carpet exports of Rs 16,000 crore, amounting to nearly Rs 9,600 crore, the tariff hike is making the industry sweat, reports Rajeev Dikshit. Already, 85% of orders from US buyers have been put on hold.The sector is now looking towards govt for relief as Turkey and Pakistan are

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CDC director Susan Monarez, four other leaders leave agency

[ad_1] Susan Monarez, President Donald Trump’s nominee to be the Director of the Centers for Disease Control and Prevention (CDC), testifies during her confirmation hearing before the Senate Committee on Health, Education, Labor, and Pensions in the Dirksen Senate Office Building on June 25, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Centers for Disease Control and Prevention Director

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