Investments News

Franklin Templeton urges investors to vote for winding up of 6 schemes

Franklin Templeton urges investors to vote for winding up of 6 schemes

Delhi: As the Supreme Court has directed Franklin Templeton Mutual Fund to seek consent of the unit-holders for winding up the six schemes, the mutual fund house urged the investors to vote in favour of the closure, suggesting that it would result in the "best possible outcome" for them.In a letter ...

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Sensex hits 45,000 mark for first time ever

Sensex hits 45,000 mark for first time ever

Mumbai: The BSE Sensex crossed the 45,000 mark for the first time ever, after the RBI Governor Shaktikanta Das said that the accommodative stance would continue for the rest of FY21 and revised the growth prospects.Around 11.10 a.m., Sensex touched an all-time high of 45,033.19 points.The Nifty50, a...

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Gold in December: These 5 factors will lead to increase in Gold rates

Gold in December: These 5 factors will lead to increase in Gold rates

As we move into the final month of this eventful year, market sentiment is mixed as investors seem to be weighing the mounting virus case count against optimism of vaccine breakthroughs.  On the surface, risk and uncertainty seem to have ebbed as the progress made on the vaccine front has spurr...

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Bullion-Suprise: Gold up by Rs 1,000 in mere two days

Bullion-Suprise: Gold up by Rs 1,000 in mere two days

Mumbai: Bullion markets have rallied in the last two trading sessions causing gold rates in India to fluctuate upwards by a margin of Rs 1,000.  Although Gold rates slipped by a margin of 4 percent across India in the month of November, the recovery in December is reportedly much faster.  ...

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After Diwali: Gold misses fireworks, tumbles by 1000

After Diwali: Gold misses fireworks, tumbles by 1000

Mumbai: Gold rates across the country tumbled by a margin of Rs 1,000 as of Tuesday.  According to data from Sify.com that tracks rates across India and Gulf, major associations and jewellers quoted a lower opening rate for Tuesday.  On an average, gold rates for 24 Karat or bullion was re...

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Dhanteras Special: 5 reasons why you should invest in Gold despite Pfizer's Covid vaccine denting markets

Dhanteras Special: 5 reasons why you should invest in Gold despite Pfizer's Covid vaccine denting markets

When US pharmaceutical major Pfizer announced a Covid vaccine with 90 percent effectiveness, gold markets across the world crashed by nearly 4-5 percent.Finally, we are inching closer to the reality of a vaccine. And that may have some bearing on Gold, the yellow metal we all love so much.  Sho...

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Gold tumbles by record levels around Dhanteras eve

Gold tumbles by record levels around Dhanteras eve

Mumbai: The economic conditions around the Dhanteras and Diwali eve have made it easier for gold lovers to invest in a few grams of the yellow metal.  On Tuesday, price of Gold quoted by jewellers and associations across the country dipped by a margin of Rs 1,735 per ten grams for 24 Karat Gold...

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October trends: Higher outflows, Tepid SIPs but Gold shines says AMFI data

October trends: Higher outflows, Tepid SIPs but Gold shines says AMFI data

New Delhi: Latest data from the Association of Mutual Funds shows a contrasting picture of investment trends. AMFI data for the month of October showed equity mutual fund schemes draw an outflow of Rs 2,724.95 crore in October.  The net outflows for October were reported at Rs 2,724.95 crore co...

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Pfizer proposes, bullion market disposes, Gold on free-fall

Pfizer proposes, bullion market disposes,  Gold on free-fall

Gold markets are staring at the prospects of a record tumble after Pharmaceutical major Pfizer Inc reported of its latest finding - a Covid vaccine that is 90 percent effective.  While current US President Donald Trump and bourses across US and Europe showed optimism, news of an effective vacci...

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November 2020 SGB open for subscription until Dhanteras

November 2020 SGB open for subscription until Dhanteras

Mumbai: The Reserve Bank of India's administered Sovereign Gold Bond of 2020-21 Series VIII will be available this week for investors keen to invest in the yellow metal in India.  Gold rates have shot off in the last week owing to the US election uncertainty and then a Blue Wave which also caus...

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