Latest business news
Top News 1.India’s GST collection soars 20.1% in May 2025, reaches ₹1.74 lakh crore India’s Goods and Services Tax (GST) collections witnessed a robust 20.1% year-on-year growth in May 2025, reaching ₹1.74 lakh crore, signaling strong economic momentum and improved tax compliance. This impressive rise reflects increased consumption, higher business activity, and effective policy implementation…
Top News India’s Gross Domestic Product (GDP) registered a robust growth of 7.4% in the January–March quarter of the financial year 2024–25, surpassing market expectations and marking the highest quarterly growth in the past year. This strong performance reflects the continued momentum in economic activity, driven by resilient domestic demand, increased government spending, and a…
Top News Debt mutual funds experienced a robust 20.5% surge in their assets under management (AUM) during the financial year 2024–25 (FY25), signaling renewed investor confidence in fixed-income instruments amid evolving macroeconomic conditions. According to data released by the Association of Mutual Funds in India (AMFI), the AUM of debt-oriented schemes expanded significantly, rising from…
Top News SEBI and AMFI have revised the cut-off timing for redemption of units in Overnight Mutual Fund Schemes, effective June 1, 2025. The current cut-off time of 3:00 PM for redemptions, STP, SWP, and switch-outs will be extended to 7:00 PM for same-day NAV applicability. Redemption orders received after 7:00 PM will be processed…
Top News 1/ SEBI’s circular dated December 12, 2023, requires Stock Brokers (SBs) and Clearing Members (CMs) to upstream clients’ funds to Clearing Corporations (CCs) at the end of each business day. This can be done in the form of cash, lien on Fixed Deposit Receipts, or by pledging units of Mutual Fund Overnight Schemes…
Top News 1) The Reserve Bank of India’s ₹40,000 crore open market operation (OMO) auction on Thursday witnessed robust participation, with total bids reaching ₹81,015 crore. Banks and primary dealers actively sought longer-tenure bonds, which were offered at favorable prices. The 7.23% GS 2039 bond, auctioned at 105.7 compared to its market price of 103.8,…
Top News 1. The Securities and Exchange Board of India (SEBI) has issued a comprehensive framework for Specialised Investment Funds (SIFs) through a recent circular, aiming to strengthen the alternative investment ecosystem in India. This initiative is part of SEBI’s broader strategy to facilitate innovation and attract diverse investor participation in the Indian capital markets….
