‘Look at what the rankings were before’: PCB chief Naqvi hits back at critics

Pakistan Cricket Board Chairman Mohsin Naqvi defended sweeping Test squad and coaching changes after Pakistan’s heavy 2-0 series loss to England. Seven players were dropped and five uncapped players added, while Mike Hesson and Ashley Noffke took coaching roles. Despite criticism from former cricketers and fans, Naqvi called the decisions “essential” and defended his record,…

Rupee holds firm at 94.97 on RBI dollar sales

The Indian rupee remained above 95 against the dollar for a second day. Traders attribute this performance to aggressive dollar sales by the central bank. The rupee closed at 94.97, showing little movement during trading. This stability contrasted with a significant slump in equity markets. State-run banks likely sold dollars to prevent further depreciation past…

Multi-asset funds score big as gold, REITs and InvITs boost returns

Multi-asset funds have outperformed the Nifty over recent one and three-year periods. Strong returns from precious metals and REITs aided this category’s performance. These funds offer flexibility to shift allocations based on market conditions. Retail investor interest has surged, making them a fast-growing mutual fund category. Fund managers’ track record in rebalancing assets is crucial…

IPO Boom: 10 issues cross 100x subscription in August, highest monthly tally since 2006

August witnessed an impressive spike in IPO activity, as ten offerings saw oversubscriptions of more than a hundred times. Leading the charge was Hy-Tech Engineers, garnering bids amounting to over two hundred forty-four times its share allocation. This enthusiastic investor response not only shattered previous monthly records but also positioned 2026 as a standout year…