Latest news with #BusinessLine
Mint
30-05-2025
- Business
- Mint
Investment of mutual funds in NSE firms touches a record high of 10 per cent: Report
The ownership of mutual funds (MFs) in listed companies scaled a record high of 10 per cent in fiscal 2025 and indicated the first double digit reading. In the March quarter, mutual funds infused ₹ 1.9 lakh crore into equities, contributing to a record annual net inflow of ₹ 6.1 lakh crore, reported Hindu Business Line. Passive funds within mutual funds also hit a peak share of 2 per cent. Individuals' holding, directly and through mutual funds, remained steady at a record high of 18 per cent of the market with a current holding of ₹ 74.5 lakh crore, a compounded annual growth rate of 17 per cent over five years, according to the NSE Market Pulse report released on Thursday. However, individual investors' direct ownership dipped to 9.5 per cent, suggesting growing popularity of MFs as a preferred vehicle for equity investment by retail investors. Akshat Garg, AVP, Choice Wealth, said individual investors are increasingly channelling incremental money into mutual funds and the shift has been structural, not cyclical, wrote Business Line. The surge in SIP flows, especially from tier-II and -III cities, reflects growing investor maturity, but at the same time, direct equity investing has become more volatile and time-consuming, prompting retail investors to delegate that complexity to fund managers, he added. Strong performance of Indian equities, coupled with rising participation, has resulted in a significant increase in household wealth over the last few years. 'Our estimates suggest that the household wealth in Indian equities increased by over ₹ 46 lakh crore in the last five fiscal years,' said the report. Since June 2021, with a strong SIP-led inflows, MF ownership in NSE-listed firms has climbed steadily, reaching all-time highs. Meanwhile, investors pumped money into debt mutual funds in April as they sought lower-risk options to ride out the market volatility and to rebalance their portfolios at the start of the financial year, taking net inflows into these funds to the highest in over two decades. Net inflows into debt-oriented open-ended mutual fund schemes were at ₹ 2.19 trillion in April—the highest since January 2005, from when this data is available. The net inflows marked a sharp reversal from March, when debt-oriented schemes witnessed outflows of ₹ 2.02 trillion. For all personal finance updates, visit here
Mint
22-04-2025
- Business
- Mint
India halts ₹5,000-crore cross-border rail projects amid Bangladesh unrest; new routes via Nepal, Bhutan eyed: Report
Citing political unrest in Bangladesh and safety concerns for workers, India has halted a series of cross-border railway projects aimed at linking the seven northeastern states with the mainland via the neighbouring nation, a media report said. Nearly ₹ 5,000 crore worth of project funding and construction activities have been suspended, halting at least three active projects and survey work on five others, reported The Hindu Business Line. The railway projects were crucial for linking northeastern states through Bangladesh's railway network and were aimed at easing dependence on the narrow Siliguri Corridor, which links the region to mainland India. The stalled railway projects are Akhaura-Agartala Cross-Border Rail Link and Khulabura-Sahabajpur rail line laying; Khulna-Mongla Port Rail Line; and the Dhaka–Tongi–Joydebpur rail expansion project. The Akhaura–Agartala Cross-Border Rail Link project was going on with India's assistance of nearly ₹ 400 crore extended to Bangladesh. It is 12.24 km long, with a 6.78 km dual-gauge rail line in Bangladesh and 5.46 km in Tripura. The Khulabura-Sahabajpur rail line, part of the Akhaura–Agartala project, was intended to improve connectivity to Assam. The Khulna-Mongla Port Rail Line project, being developed under the concessional Line of Credit with a total project cost of $388.92 million ( ₹ 3,300 crore), entails the construction of approximately 65 km of broad-gauge rail route between Bangladesh's Mongla Port and the existing rail network in Khulna. The Dhaka-Tongi-Joydebpur railway expansion project, due for completion in June 2027, has seen delayed execution of less than 50 per cent till last year, the Business Line report said. New Delhi is exploring alternative routes through Bhutan and Nepal to bolster rail infrastructure in North India. ' ₹ 3500 – 4000 crore connectivity plan through Bhutan and Nepal is being explored, but construction work on the Indian sides is going on as planned,' the report said, citing sources.
Mint
22-04-2025
- Business
- Mint
India halts ₹5,000-crore cross-border rail projects amid Bangladesh unrest; new routes via Nepal, Bhutan eyed: Report
Citing political unrest in Bangladesh and safety concerns for workers, India has halted a series of cross-border railway projects aimed at linking the seven northeastern states with the mainland via the neighbouring nation, a media report said. Nearly ₹ 5,000 crore worth of project funding and construction activities have been suspended, halting at least three active projects and survey work on five others, reported The Hindu Business Line. The railway projects were crucial for linking northeastern states through Bangladesh's railway network and were aimed at easing dependence on the narrow Siliguri Corridor, which links the region to mainland India. The stalled railway projects are Akhaura-Agartala Cross-Border Rail Link and Khulabura-Sahabajpur rail line laying; Khulna-Mongla Port Rail Line; and the Dhaka–Tongi–Joydebpur rail expansion project. The Akhaura–Agartala Cross-Border Rail Link project was going on with India's assistance of nearly ₹ 400 crore extended to Bangladesh. It is 12.24 km long, with a 6.78 km dual-gauge rail line in Bangladesh and 5.46 km in Tripura. The Khulabura-Sahabajpur rail line, part of the Akhaura–Agartala project, was intended to improve connectivity to Assam. The Khulna-Mongla Port Rail Line project, being developed under the concessional Line of Credit with a total project cost of $388.92 million ( ₹ 3,300 crore), entails the construction of approximately 65 km of broad-gauge rail route between Bangladesh's Mongla Port and the existing rail network in Khulna. The Dhaka-Tongi-Joydebpur railway expansion project, due for completion in June 2027, has seen delayed execution of less than 50 per cent till last year, the Business Line report said. New Delhi is exploring alternative routes through Bhutan and Nepal to bolster rail infrastructure in North India. ' ₹ 3500 – 4000 crore connectivity plan through Bhutan and Nepal is being explored, but construction work on the Indian sides is going on as planned,' the report said, citing sources. Simultaneously, New Delhi is exploring the possibility of rail line doubling and quadrupling in Uttar Pradesh and Bihar, key arteries feeding into the Siliguri Corridor. First Published: 22 Apr 2025, 04:33 PM IST
Russia Today
25-02-2025
- Business
- Russia Today
New Delhi chalks out oil tanker production plan
New Delhi is eyeing domestic manufacture of oil tankers in an effort to reduce the risk of running foul of Western sanctions against Russia's energy sector, BusinessLine reported on Tuesday. The outlet cited an official from India's Ministry of Ports, Shipping and Waterways who stated that the government will back manufacturers through SPVs (special purpose vehicles), that will be formed by the state-owned Shipping Corporation of India (SCI), oil marketing companies, dockyards, and financial institutions. An Indian oil ministry survey from one year ago identified the need for an extra 100 tankers varying from a few thousand metric tonnes of deadweight to ultra-large crude carriers, according to industry watchers. Domestic manufacturing will also help India reduce its oil import bill, which currently stands at $100 billion. India has emerged as Russia's second-largest oil buyer in the past two years. In 2024, India imported crude oil worth 49 billion euros from Russia, according to a recent report by the Energy and Clean Air Research Center. China has imported Russian oil worth 78 billion euros, and Turkey – 34 billion euros, the report stated. Western governments announced large-scale sanctions in January targeting Russian oil and gas exporters and a so-called 'shadow fleet' of oil tankers transporting crude – a move that affected India, which depends on sea transport for energy imports. New Delhi officials have stated that no disruption to Russian oil imports is expected at least until March, when the new restrictions will take effect. Head of the state-owned Indian Oil Corporation (IOC) Arvindar Singh Sahney told PTI agency earlier this month that the company is buying 'clean Russian crude oil' that does not risk running afoul of US sanctions. Moscow, meanwhile, vowed to continue supplying oil to global markets despite sanctions pressure. Speaking at India Energy Week in New Delhi earlier this month, First Deputy Energy Minister Pavel Sorokin insisted that while the impact of 'illegal' sanctions imposed by the outgoing Joe Biden administration remains to be assessed, Moscow will continue strengthening its energy ties with its major energy partners.
