Tue, Feb 20, 2024 8:56 PM
US stocks open lower as early rate cut hopes fade; Walmart perks up
A Flip by Shubhangi Gupta
Mutual Fund folios hit at all-time high of 22,50,03,545 in December 2024, revealed the latest data released on Thursday by the Association of Mutual Funds in India (AMFI). Retail mutual fund folios (which include equity, hybrid, and solution-oriented Schemes) were at an all-time high of 17,89,93,911 for the month of December 2024, compared to 17,54,84,468 for the month of November 2024.
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Even though there has been talk for long that household savings are moving from bank deposits to other financial products, especially to the capital market, data published by the ICICI Bank Global Market report for financial year 2023-24 seems to suggest that the share of total household deposits in GDP has increased sharply to 4.7 percent in FY24, from 4.1 percent in the year ago period.
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Microsoft India and South Asia president Puneet Chandok said that the company has already trained 2,400,000 Indians since 2024. American tech giant Microsoft plans to invest $3 billion to expand its cloud computing and artificial intelligence capabilities in India, calling it “the single largest expansion we have ever done in India.” The announcement was made at the Microsoft AI Tour in Bengaluru.
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