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IndusInd Bank gets RBI nod to set up mutual fund asset management business
IndusInd Bank has received the Reserve Bank of India’s (RBI’s) nod to set up a mutual fund asset management business. It will be a wholly-owned subsidiary, the bank said in its filing to the exchanges on Monday. The RBI has also allowed the private sector lender to infuse equity capital in the asset management subsidiary,…
Market Volatility and Sector Performance Amidst New Tariffs
Over the past two weeks, U.S. stock markets have experienced significant volatility following the implementation of new tariffs on imports from China, Canada, and Mexico. Investors have reacted strongly to these trade measures, causing sharp fluctuations across various sectors. While most industries faced downward pressure, a few showed resilience, managing to register gains amidst the…
India May Import More US Energy as Trade Talks Continue
June 4, 2025June 4, 2025 On 4th June, an official said Indian imports could boost, as India could increase imports of US shale gas, LNG, and crude oil to diversify supply. This would allow India to take advantage of lower US prices. This comes as…
