New Delhi, Aug 9 (IANS) Arbitrage and multi-asset allocation funds saw the highest inflows in open-ended hybrid schemes during Q1 FY26, as investors moved to safer and diversified investment strategies, a report said on Saturday.Hybrid funds’ AUM saw a significant jump during the quarter, with arbitrage funds rising 22.2 per cent and multi-asset allocation funds up 15.4 per cent, according to a report by stockbroking platform Ventura Securities.Balanced hybrid or aggressive hybrid funds experien…

New Delhi, Aug 9 (IANS) To avoid rush by ensuring hassle-free ticket booking experience during the upcoming peak festive seasons, the Ministry of Railways on Saturday said that it has decided to formulate a ‘Round Trip Package’ on discounted fare and rebates benefit.The move will facilitate passengers and redistribute the peak traffic for a larger range during peak festival seasons and ensure both sides utilisation of trains, including special trains.”It has been decided to formulate an experime…

New Delhi, Aug 9 (IANS) Former G20 Sherpa Amitabh Kant on Saturday urged the need to strengthen the country’s tourism sector to earn big on exports, as well as tackle tariffs, imposed by US President Donald Trump.His remarks came amid concerns over the Trump’s escalation of tariff to 50 per cent on Indian goods.”India’s biggest export earnings can come from Tourism which is totally free from Trumps tariffs,” Kant said, in a post on social media platform X.”We must attract global tourists. Th…

New Delhi, Aug 9 (IANS) India’s second largest lender ICICI Bank has raised the monthly minimum average balance requirement for all customer segments, effective August 1.Customers at metro and urban locations who opened their savings accounts on or after August 1 have to maintain Rs 50,000 monthly average balance to avoid penalties, according to the latest notification on the bank’s website.The minimum average balance for older customers remains Rs 10,000.New customers in semi-urban locations …

New Delhi, Aug 9 (IANS) India is committed to enhancing global regulatory cooperation in the herbal medicines sector, said Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush.He was speaking at the three-day workshop at the WHO-International Regulatory Cooperation for Herbal Medicines (IRCH) organised by Ministry of Ayush.In his inaugural address, Kotecha highlighted India’s leadership as the lead country for WHO-IRCH Working Group 1 on Safety and Regulation and Working Group 3 on Efficacy and…

New Delhi, Aug 9 (IANS) Elon Musk-run electric car maker Tesla is all set to inaugurate its second showroom in India — in Delhi on August 11 — after it opened the Mumbai showroom last month.In a post on social media platform X, Tesla posted, “Arriving in Delhi – stay tuned,” along with a graphic showcasing its upcoming arrival in the national capital.The new Tesla Experience Centre will open at Aerocity’s upscale Worldmark 3 complex in the national capital, catering to customers in the nat…

New Delhi, Aug 9 (IANS) US tech major Intel’s CEO Lip-Bu Tan has said he would not resign despite US President Donald Trump’s public call for his resignation for alleged “deeply conflicted” links to China.In a letter to Intel’s employees, Tan affirmed his commitment to the company and US national security, adding that he has the full support of Intel’s board.The controversy stemmed from Tan’s previous role as CEO of another US company Cadence Design Systems. This firm pleaded guilty in a…

New Delhi, Aug 9 (IANS) UK scientists have discovered how some children develop natural immunity to Strep A, a common bacterial infection — a vital breakthrough which could help develop vaccines to save up to half a million lives globally each year.While Strep A often causes a mild sore throat or skin infections, it sometimes be life-threatening.In low and middle-income countries hundreds of thousands of people die each year after contracting the infection. This increased risk is often linked t…

Mumbai, Aug 9 (IANS) The Indian benchmark index Sensex fell 0.9 per cent this week, while the Nifty slipped almost the same, falling below the critical 24,400 level and closing at 24,363.The Indian equity market remained in consolidation for another week, a trend that has persisted since early July. Market sentiment was weighed down by concerns over elevated global interest rates, weak global market cues, and consistent profit-booking in heavyweight sectors, analysts said on Saturday.In its meet…

New Delhi, Aug 9 (IANS) There has not been a single case of engine failure or breakdown reported since ethanol 20 (E20) became a base fuel over the last 10 months, Hardeep Singh Puri, Minister of Petroleum and Natural Gas, has said.Citing Brazil’s example, he said the country has run on E27 for years without any issues.Some lobbies with vested interests are actively attempting to create confusion and derail India’s ethanol revolution. However, such efforts will not succeed, he added.The E20 …