Savings Effect

The US military has begun another round of strikes against Iran after Trump warned that Tehran would "pay the price" for stalled negotiations. The escalating attacks threaten to derail efforts to end the war

Fidelity Investments sells Rs 988 crore worth shares in Meesho, Goldman Sachs buys nearly 1% stake in CMR Green

As global urea prices surge, India’s fertiliser subsidy bill is projected to hit a fresh high in FY27. The pressure on public finances has revived the debate over nutrient-based subsidies and direct benefit transfers to farmers.

Debt #mutualfunds see a sharp reversal in May with ₹96,949 crore outflow after strong April inflows, driven largely by institutional liquidity adjustments.

GoldETFs turn negative in May with ₹725 crore outflow after a strong rally-driven inflow streak.

Equity #mutualfund inflows fell over 40% in May, the lowest in 12 months, according to #AMFI data. Despite the decline, #equity schemes extended their positive inflow streak to 63 consecutive months.

Axis MF and Aditya Birla Sun Life MF have joined a growing list of fund houses restricting subscriptions in gold-linked schemes.

The #rupee opened lower at 95.54 against dollar. Foreign equity outflows, rising #crude oil prices, and a cautious global risk environment kept pressure on the Indian currency.

Wipro's ₹15,000 crore share buyback opens on June 11 and closes on June 17, allowing the repurchase of 60 crore shares. The company faces challenges from AI disruption, leading to stock declines, but offers a premium of approximately 25% for participants.