Only 2 of 23 mutual fund themes gained in August; IPO, defence stay green as auto, railways and tech slide : Report

Only two of 23 mutual fund themes, IPO and defence, gained in August as domestic equities faced broad-based pressure, according to Vallum Capital. Auto, railways and technology were among the biggest laggards, while equity fund inflows fell sharply. Commodities remained the strongest performer on a year-to-date basis despite a monthly decline.

Diwali travel could see new addition: Sleeper Vande Bharat Express may launch on Delhi-Varanasi route with Prayagraj & Kanpur stops; here’s what travellers need to know

Delhi-Varanasi Sleeper Vande Bharat Express: Indian Railways is planning a second Sleeper Vande Bharat Express service. This new overnight train will connect New Delhi and Varanasi via Prayagraj and Kanpur. The service is expected to be introduced around the Diwali festival. The proposed train will operate at speeds of up to 160 kmph. The service…

Bank credit growth hits 8-quarter high, widens funding gap as deposits lag: Report

Bank credit growth reached a sixteen-month high, while deposits grew at a slower pace. This widened the credit-deposit gap, increasing funding pressure on banks. Finance sector lending, especially to NBFCs, drove credit expansion significantly. Public sector banks saw higher credit growth but less headroom. Deposit mobilization remains crucial for banks facing persistent competition for savings.

India needs multi-route energy strategy as West Asia tensions threaten supplies: Experts

Growing West Asian tensions expose India’s energy supply vulnerabilities. Experts urge a multi-route strategy and diversified crude and gas suppliers. Expanding storage and port infrastructure is also crucial for national energy security. Alternative routes and logistical options are needed to maintain supplies during crises. India must build resilience through reserves and flexible refining capacity.

Indian & US armies deploy AI and cyber capabilities in Yudh Abhyas wargames

Indian and American troops are participating in Exercise Yudh Abhyas, focusing on modern warfare challenges. Discussions cover electronic warfare resilience and AI-enabled intelligence analysis. Expert exchanges address high-altitude and cold-weather operational tactics. This exercise is part of a broader ecosystem of joint military training. These combined efforts build interoperability between the two nations’ armed forces.