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2 mins read
Sectoral funds continue lapping up investor money, debt funds see massive outflows in September 2024, shows AMFI data
Multi-cap and large and mid-cap funds saw inflows of about Rs 3,500 crore last month, followed…
2 mins read
Mutual funds in spotlight: Industry grew at 23.65% CAGR since March 2021
India's mutual fund industry is experiencing remarkable growth, with assets under management reachi…
7 mins read
Simply Put: Secured Loans 2.0 — why more and more Indians are turning to gold, shares and mutual funds to get loans
Gold loans are surging in India, driven by rising gold prices and a desire for quick cash. Loans a…
2 mins read
Investors pour in Rs 30,350 crore in mid and small cap funds in the first half of 2024
Between April and June this year, small-caps saw inflows worth Rs 7,196.8 crore. At the same time, …
7 mins read
Secured Loans 2.0 — why more and more Indians are turning to gold, shares and mutual funds to get loans
Indians are increasingly turning to secured loans like gold loans and loans against securities (LAS…
2 mins read
Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade
The Indian Rupee hit a new all-time low against the US dollar, reaching 84.40 due to foreign fund o…
PTI
3 mins read
The newest fad in mutual fund multiverse: Sectoral Funds. Here's why you should not over-invest in them
Between April and June 2024, equity mutual funds saw a total inflow of Rs 94,222.27 crore, out of w…
1 min read
Cathie Wood's Ark is doubling down on OpenAI with at least $250 million in its new funding round
Cathie Wood's Ark Venture Fund invests $250 million in OpenAI's $6.6 billion funding round, Thrive …
Melia Russell,Ben Bergman
2 mins read
VCs are rushing to meet with former OpenAI CTO Mira Murati in hopes of funding a new company
Venture capitalists pursue Mira Murati after her departure from OpenAI, as the company closes in on…
Sri Muppidi
1 min read
AI sales startup Clay is raising a new funding round at a $1.3 billion valuation, sources say
Clay helps sales teams by automating outreach to potential customers. The company last raised $46 m…
Sri Muppidi
1 min read
Cloud API startup Kong valued at around $2 billion in a new funding round led by Tiger Global
Kong, which offers cloud-based APIs, is valued at around $2 billion in a new funding round led by T…
Ben Bergman,Sri Muppidi
2 mins read
Credit growth in banks continues to exceed deposits, says new SBI report
The State Bank of India reported that credit growth in Indian banks has been consistently outpacing…
ANI
3 mins read
Sectoral funds rake in Rs 18,117.18 crore during the month, debt schemes see more inflows than equities, notes AMFI data for August
This takes the total tally of existing sectoral fund schemes to 179. The next category with most sc…
1 min read
ChatGPT competitor Perplexity AI seeking to raise $500 million, eyes valuation of over $8 billion
Perplexity AI is reportedly seeking around $500 million in funding to boost its valuation to over $…
1 min read
New York City will sell bonds backed by taxes on mansions to fund the subway
New York will sell bonds backed by a "mansion tax," a one-time tax on properties over $2 million, t…