Equity mutual funds saw a strong October, with nearly 9% returns driven by sectoral and thematic funds. Benchmark indices Nifty50 and BSE Sensex also rallied significantly. This performance follows a muted September, with positive earnings season and supportive macro factors bolstering market sentiment.
Union Bank of India approves plan to raise up to Rs 20,000 crore via long-term bonds
Union Bank of India will raise funds through bond issuances. The bank’s committee approved long-term bonds worth twenty thousand crore rupees for infrastructure and affordable