An 83-year-old Mumbai man lost Rs 1.19 crore in an online stock scam after joining a fake WhatsApp group posing as ICICI advisors. Lured by false profit promises and fake documents, he transferred funds before realising the fraud. A cybercrime FIR has been filed; investigation is ongoing.
President Trump's decision to strike Iranian nuclear sites has exposed divisions within his "MAGA" base, with prominent supporters like Bannon, Greene, and Carlson initially voicing concerns about U.S. involvement in the Israel-Iran conflict. While some, such as Kirk, quickly shifted to support Trump's actions, others maintained their anti-interventionist stance, raising questions about the long-term impact on Trump's movement and priorities.
The Price-to-Free Cash Flow (P/FCF) ratio measures how much investors pay for each rupee of free cash flow, offering deeper insights into a companys valuation, efficiency, and sustainability.
Bitcoins growing role in Indias economic landscape is drawing attention as a hedge against inflation and a DeFi enabler. With rising adoption and regulatory interest, it may complement Indias strategic push toward becoming a developed economy by 2047.
After the recent US strikes on Iran, UN Secretary General Antonio Guterres issued an urgent appeal for calm. He cautioned against the potential for devastating fallout from continued aggression, firmly stating that military action is not the answer. Guterres reiterated the necessity of diplomatic engagement, calling on all nations to respect international law.
Indian stock market rebounded, gaining 1.6% weekly despite escalating Israel-Iran tensions, as the US joined strikes on Iranian nuclear facilities. Investors are cautious, monitoring the conflict's impact alongside US market cues. Thirteen IPOs are anticipated, while Sensex undergoes a reshuffle. Corporate actions and FII/DII activity will also influence market movement.
Sectoral and thematic mutual funds have lost up to 3% last week. There were 564 funds in the said period, of which 413 gave negative returns. Here are the top losers (Source: ACE MF)
Specialised Investment Funds (SIFs) bridge the gap between mutual funds and high-ticket options like PMS and AIFs. With moderate liquidity, lower entry barriers, and SEBI oversight, they offer tailored strategies suited for informed investors seeking flexibility, focus, and control.
The combined market valuation of six of the top-10 most-valued firms jumped Rs 1,62,288.06 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers, in-line with an optimistic trend in equities.
