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Shapoorji Mistry quits as chairman of Afcons
Tata Motors launches Winger Plus at Rs 20.6L
Indian automaker Tata Motors launched a new commercial vehicle, 9-seater Tata Winger Plus at Rs 20.60 lakh ex-showroom price (New Delhi) on Friday.Along with personal USB charging points, individual AC vents and ample leg space, Winger Plus allows real-time vehicle tracking through Tata Motors’ Fleet Edge.Built on a monocoque chassis, the vehicle offers robust safety and stability, while its car-like ride and handling ensure ease of driving and reduce fatigue for drivers, the company said in a release.“The Winger Plus has been thoughtfully engineered to deliver a premium experience for passengers and a compelling value proposition for fleet operators," Anand S, Vice President and Head – Commercial Passenger Vehicle Business, Tata Motors, said."With its superior ride comfort, best-in-class comfort features, and segment-leading efficiency, it is designed to drive profitability while offering the lowest cost of ownership," he added.Winger Plus features and amenitiesreclining captain seats with adjustable armrestspersonal USB charging pointsindividual AC ventsample leg spacewide cabinlarge luggage compartmentfuel-efficient 2.2L Dicor diesel engine with 100hp of power and 200Nm of torqueequipped with Tata Motors’ Fleet Edge connected vehicle platformTata Motors has a diverse commercial passenger vehicle portfolio ranging from 9-seater to 55-seater vehicles in various configurations across multiple powertrains. The company has a strong network of over 4,500 sales and service touchpoints across India.Tata Motors share price: Shares of Tata Motors were trading at Rs 674.30 per scrip as on 13:13 on BSE on Friday.
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Equity mutual fund inflows surge 81% to Rs 42,673 crore in July: ICRA Analytics
Inflows into equity mutual funds rose 81.06% month-on-month, climbing from Rs 23,568 crore in June to Rs 42,673 crore in July. On a year-on-year basis, inflows were up 15.08% from Rs 37,082 crore in July 2024. Notably, they have surged from an outflow of Rs 3,845 crore in July 2020 to an inflow of Rs 42,673 crore in July 2025.Also Read | Trump Tariff Turbulence: Should mutual fund investors rework their investment strategy?Market volatility notwithstanding, equity mutual funds continue to maintain their sheen, with retail investors steadily allocating money into these schemes to build long-term wealth. The net AUM (assets under management) of equity mutual funds surged 335.31% to Rs 33.32 lakh crore in July 2025, up from Rs 7.65 lakh crore in July 2020.“Inflows into equity mutual funds have witnessed a sharp rise in recent years as investors increasingly adopt a long-term perspective, recognizing that short-term market fluctuations are part of the journey toward wealth creation. Historical data shows that markets tend to recover and reward patient investors over time,” said Ashwini Kumar, Senior Vice President and Head–Market Data, ICRA Analytics.Sectoral/thematic funds drew the highest inflows at Rs 9,426.03 crore, as retail investors sought new growth opportunities and avenues to generate alpha. Flexi-cap funds and small-cap funds followed with inflows of Rs 7,654.33 crore and Rs 6,484.43 crore, respectively, reflecting a preference for diversified allocation and higher-return potential.“Despite global uncertainties, domestic investors remain optimistic about India’s economic trajectory. This confidence has translated into sustained inflows into equity MFs, even during periods of high volatility,” Kumar added.Equity mutual funds have consistently outperformed traditional savings avenues like fixed deposits, particularly in the medium to long term. Even during volatile phases, three-year returns have stayed positive, making them attractive to young investors.Systematic Investment Plans (SIPs) have emerged as a popular tool to navigate volatility, enabling investors to put in a fixed amount regularly and benefit from rupee cost averaging-- buying more units when prices are low and fewer when they are high. This disciplined approach helps reduce the emotional impact of market swings.“Interestingly, while market returns influence MF inflows, the entry and exit of investors also contribute to volatility. Large-scale redemptions or inflows can amplify price movements, especially in mid- and small-cap segments,” Kumar noted.Also Read | Over 100 equity mutual funds offer market beating returns in 1 year. Should you chase them for investing?“During periods of heightened volatility, retail investors often react emotionally, leading to panic selling or abrupt withdrawals. This behaviour can temporarily depress inflows, but SIPs and long-term investors tend to stay invested, cushioning the impact. The growing popularity of SIPs and improved financial literacy have helped investors navigate volatility more rationally, maintaining steady inflows even during downturns,” Kumar pointed out.123579305Source: MFI360ExplorerMoreover, mutual funds offer a wide range of schemes suited to different risk appetites—from large-cap and balanced funds to sectoral and thematic funds. This flexibility enables investors to diversify their portfolios and manage risk more effectively.
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Gold prices rally to 3-week high; silver hits new peak above Rs 1.17 lakh/kg. Should you buy?
Gold and silver extended their gains as investors sought safe havens amid weakness in the dollar index. Gold October futures prices at MCX touched an intraday high of Rs 1,02,226/10 grams, while the silver September contracts were resilient, hitting their new all-time high in the domestic market today.Silver prices on MCX hit a peak of Rs 1,17,117/kg on Friday.Gold climbed to a 3-week high and silver to a 5-week high in global markets. In India, silver hit a lifetime peak, closing above Rs 1,17,000 for the first time.On Thursday, the precious metals settled on a positive note in the domestic market and on a slightly weaker note globally. Gold October futures contract ended at Rs 1,02,100 per 10 grams with a gain of 0.55% whereas the silver September futures contract settled at Rs 1,17,174 per kilogram, a gain of 0.93%.“The U.S. trade tariff uncertainty and geopolitical tensions are supporting safe-haven buying for precious metals. The U.S. GDP data released on Thursday was better than expected and came up at 3.3% against the expected reading of 3.1%. Jobless claims also dropped to 2,29,000 but market digested the upbeat U.S. data,” said Manoj Kumar Jain of Prithvifinmart Commodity Research.Jain added that gold prices crossed $3,454 and silver prices also crossed $39.10 per troy ounce levels and could show further strength in the upcoming sessions.On Friday, the US Dollar Index, DXY, was hovering near the 97.99 mark, gaining 0.17 or 0.18%.“We expect gold and silver prices to remain volatile in today’s session amid volatility in the dollar index, volatility in the rupee and updates on the Russia-Ukraine peace deal. The yellow metal is expected to trade in the range of $3,434-3,510 per troy ounce and silver is expected to trade in the range of $38.50-39.80 per troy ounce in today’s session,” he added.Echoing the same sentiment, Rahul Kalantri, VP Commodities at Mehta Equities, noted, “Bullion prices continued their upward momentum, with gold and silver advancing in international markets amid safe-haven buying and dollar index profit-taking. Gold touched its highest level in three weeks, while silver reached a five-week peak. Domestically, silver prices posted a historic high, closing above Rs 117,000 for the first time, signalling strong local demand.”How to trade gold?Manoj Kumar Jain suggested the following ranges for gold and silver on MCX:Gold has support at Rs 1,01,750-1,01,400 and resistance at Rs 1,02,550-1,02,800Silver has support at Rs 1,16,500-1,15,800 and resistance at Rs 1,18,000-1,18,850Jain suggests buying silver on dips around Rs 1,16,500-1,16,000 with a stop loss of Rs 1,15,100 for a target of Rs 1,18,000-1,18,800.Further, Rahul Kalantri noted that gold has support at Rs 1,01,740-1,01,540 while resistance is at Rs 1,02,450-1,02,650. Silver has support at Rs 1,16,150-1,15,350 while resistance is at Rs 1,17,750, 1,18,250.Gold rates in physical marketsGold Price today in DelhiStandard gold (22 carat) prices in Delhi stand at Rs 57,976/8 grams while pure gold (24 carat) prices stand at Rs 61,816/8 grams.Gold Price today in MumbaiStandard gold (22 carat) prices in Mumbai stand at Rs 57,336/8 grams while pure gold (24 carat) prices stand at Rs 61,152/8 grams.Gold Price today in ChennaiStandard gold (22 carat) prices in Chennai stand at Rs 56,696/8 grams while pure gold (24 carat) prices stand at Rs 60,480/8 grams.Gold Price today in HyderabadStandard gold (22 carat) prices in Hyderabad stand at Rs 56,984/8 grams while pure gold (24 carat) prices stand at Rs 60,744/8 grams.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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