Samir Arora, founder of Helios Capital, disclosed that India’s mutual fund SIP numbers are overstated, with actual net flows at Rs 10,000 crore monthly. He advised balancing market enthusiasm with vigilance on valuations and potential risks. Arora also warned about tax hikes impacting FII investments and recommended a careful approach to choosing stocks.
Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh
The Justice Department has concluded its investigation into Federal Reserve chair Jerome Powell. This decision removes a significant obstacle to the confirmation of Kevin Warsh,