The shift to service-based economies, coupled with slowing population growth, has created a challenging economic landscape. Addressing this requires strategies like deficit spending on public investment and income redistribution to foster more equitable societies and stimulate demand.
Continuum Green Energy has secured Sebi approval for its 3,650 crore IPO, comprising a 1,250 crore fresh issue and 2,400 crore OFS. The proceeds will help repay subsidiary loans and fund corporate purposes.
Gold prices soared to unprecedented levels on Monday, reaching Rs 1 lakh per 10 grams in the physical market after accounting for GST. The MCX June gold contracts also hit a record high of Rs 97,288 per 10 grams, marking a significant surge of over 2% in a single day.
President Trump's second term has been marked by a shift towards isolationism and disregard for established international norms. Budget cuts are decimating the State Department, shrinking America's global presence, and undermining alliances like NATO. Trump's policies signal a retreat from global leadership, potentially leading to a more unstable and dystopian world order.
Markets ended higher for the fifth straight session Monday, with Sensex surging 800+ points and Nifty closing above 24,100. Gains were led by energy, auto, IT, and realty sectors.
Elara Securities' Karan Taurani views Eternals' move to cap FII ownership positively, paving the way for inventory-led quick commerce growth. This shift allows better control over quality, pricing, and private labels, especially in sensitive sectors like medicine. Data localization norms also benefit Eternals as a domestic entity.
Around 78% of smallcap mutual funds in India outperformed their benchmarks in the past year, with 21 out of 27 funds exceeding expectations. Top performers included Bank of India Small Cap Fund and Invesco India Smallcap Fund. However, six funds, including Baroda BNP Paribas Small Cap Fund and Quant Small Cap Fund, failed to beat their benchmarks.
