At over Rs 26,000 crore, equity mutual funds see record SIP flows in December

MUMBAI: Despite volatile stock market conditions last month, retail investors put their money in equities through the mutual fund route, with total inflows at Rs 41,156 crore. Dec also recorded the highest-ever gross monthly flows through the systematic investment plan route, at almost Rs 26,460 crore, data released by MF industry trade body Amfi showed. […]

Economy

Dwindling Russian crude oil supplies to India lifts Middle East’s share to 11-month high in December

The year 2024 ended on a positive note for the Middle East as lower crude oil imports from Russia, particularly its flagship Urals grade, during December 2024 aided India’s traditional suppliers to increase their share of in-bound shipments to an 11-month high. According to energy intelligence firm Vortexa, as shipments declined from Russia, the US […]

Wipro Limited to Announce Results for the Third Quarter Ended December 31, 2024, on January 17, 2025

  East Brunswick, N.J., United States & Bangalore, Karnataka, India:  Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) a leading technology services and consulting company, will announce results for the third quarter ended December 31, 2024, on Friday, January 17, 2025, after stock market trading hours in India. The results will […]

Economy

Truck rentals on major trunk routes remain flat in December 2024

Truck rentals on major trunk routes in India remained steady in December 2024, due to the winter chill and a slowdown in consumption, which dampened logistics activity. Some trunk routes like Kolkata-Guwahati-Kolkata and Mumbai-Chennai-Mumbai saw an increase of 1.5 per cent and 1.3 per cent respectively in December 2024 on a month-on-month basis, while the […]

Economy

Truck rentals on major trunk routes remain flat in December 2024

Truck rentals on major trunk routes in India remained steady in December 2024, due to the winter chill and a slowdown in consumption, which dampened logistics activity. Some trunk routes like Kolkata-Guwahati-Kolkata and Mumbai-Chennai-Mumbai saw an increase of 1.5 per cent and 1.3 per cent respectively in December 2024 on a month-on-month basis, while the […]

Economy

December auto sales disappoint dealers in both PV, 2W categories

Auto Dealer sentiment for January remains cautiously optimistic, with nearly half (48.09 per cent) of surveyed dealers anticipating growth, 41.22 per cent expecting stable demand and only 10.69 per cent foreseeing a decline, Federation of Automobile Dealers Associations (FADA) said on Tuesday. In two-wheeler (2W), improved MSP and rural fund inflows could bolster sales, although […]