BUSINESS
Indian Mutual Fund Industry midway to the target of Rs 100 lakh crore AUM
According to ICRA, the AUM of the Indian mutual fund industry grew by nearly 19 per cent to touch Rs 46.63 lakh crore as on August 31, up from Rs. 39.33 lakh crore as on August 31, 2022.
Concern on valuations, higher oil prices to keep markets in consolidation phase
Concern over valuations and inflation trajectory due to increasing oil prices may navigate the market into a consolidation phase in the near-term, he added
Global non-cash transactions to hit 1.3 trillion, UPI usage at record high in India
By 2027, non-cash transaction volumes are expected to reach about 2.3 trillion, doubling since 2022, according to the ‘2023 World Payments Report’ by Capgemini Research Institute.
China has no laws that ban purchase or use of Apple iPhones: Ministry
The Chinese Foreign Ministry said that there are “no laws, regulations or policy documents in China that prohibit the purchase or use of mobile phones of overseas brands, such as Apple”, according to state-run Global Times.
Bankrupt crypto exchange FTX allowed to sell crypto holdings worth $3.4 bn
Judge John Dorsey in the US Bankruptcy Court for the District of Delaware approved the motion and overruled objections opposing the plan, reports Coindesk.
SpaceX's Starlink made $1.4 bn last year as it eyes India market
This is up from $222 million in 2021 but $11 billion short of its original projections, according to the documents viewed by The Wall Street Journal.
Cash-starved Pakistan forced to 'temporarily' ground some of PIA planes
As a result, the national flag carrier had no choice but to ground five out of its 13 leased aircraft, with the potential of four more facing a similar fate, according to the ministry.
G20 outcome: Korean company REMEDI introduces affordable, handheld x-ray solution to India
The company, known for its expertise in radiology solutions, has unveiled REMEX KA-6, a game-changing addition to the medical field.
India is best performing market in Sep
This move to record highs breaching the psychological 20000 mark on the Nifty has been achieved with an impressive 4.3 per cent rise in Bank Nifty, he said.
Setback for Torrent as NCLT rejects its plea in the Reliance Capital resolution matter
The NCLT will now hear the Reliance Capital resolution plan approval application of the administrator on September 26. In its plea, Torrent Investment had sought NCLT's directions to keep the Reliance Capital resolution plan approval in abeyance till the final orders are passed by the Supreme Court.
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