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Five midcap mutual funds delivered annualised returns of over 20% in the last three years, led by Invesco India Mid Cap Fund with a 24.7% return. Meanwhile, five other schemes posted comparatively modest returns, highlighting the wide performance gap within the category.
The Bombay High Court intervened to prevent a statewide doctors’ strike. The Indian Medical Association withdrew its strike after court intervention. The court directed the state to implement its government resolution promptly. Doctors are prohibited from striking work according to the court’s ruling. The court will decide on the legality of doctors’ strikes later.
SBI Mutual Fund has announced the launch of its Magnum Equity Ex-Top 100 Long Short Fund under the Specialized Investment Fund framework. Opening on August 7, the NFO targets long-term capital growth by investing outside the top 100 stocks with a long-short strategy using equity derivatives.
Retired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as tax notice was issued 26 days after the limitation period had expired. Know how he won case in ITAT Bangalore.
Exclusive: Bitget signs cooperation deal with Bhutan’s Gelephu Mindfulness City
Parliament proceedings faced disruptions as opposition parties demanded Union home minister Amit Shah’s statement. Rajya Sabha Chairman asked Kiren Rijiju to convey the opposition’s sentiments to the home minister. Mallikarjun Kharge reiterated the demand for a statement and discussion on the police action. Rijiju said Kharge had not cited any rule while making the request.
Gearing up for assembly “gherao” on August 10 in the backdrop of the ineffective redressal, a protester said: “We remain steadfast until the government accepts our demands. We now demand the chief minister’s resignation, as he is unfit for the office he holds. It has been so long since he returned from Bengaluru, yet he…
The Cockroach Janata Party is stepping in as a public pressure group, primarily targeting pressing issues such as unemployment and education reform across the country. Set to launch their ‘Kya Bolti Public’ campaign in September, they aim to engage the youth in dialogue for transparency and accountability. Moreover, the CJP is determined to tackle escalating…
Market Reaction: Sandisk’s AI momentum continues, but forecast leaves Street wanting more
European stock markets extended record gains as optimism over a potential U.S.-Iran peace agreement eased energy supply concerns and strong corporate earnings boosted investor confidence. Deutsche Telekom and Glanbia led sectoral advances, while resilient technology shares and improving earnings expectations supported broader market sentiment ahead of euro zone retail sales data.