Indian mutual fund industry's AUM rises 12 pc to Rs 73.73 lakh crore in FY26

IANS | April 13, 2026 11:22 AM

Mumbai, April 13 (IANS) The domestic mutual fund industry closed FY26 with assets under management (AUM) rising 12.2 per cent to Rs 73.73 lakh crore, adding Rs 8 lakh crore to its asset base over the year as sustained equity market volatility weighed on overall growth, according to latest data released by the Association of Mutual Funds in India (AMFI).

Pakistan hikes electricity tariff in double whammy after fuel price rise

IANS | April 12, 2026 1:46 PM

New Delhi, April 12 (IANS) Pakistan’s National Electric Power Regulatory Authority (NEPRA) has delivered a major shock to the country’s consumers with an increase in electricity tariffs by Rs 1.42 per unit under the monthly fuel cost adjustment, citing a variation in fuel charges for February 2026.

IMF, World Bank meets to take stock of global economic shocks amid Middle East crisis

IANS | April 12, 2026 1:33 PM

New Delhi, April 12 (IANS) Finance ministers and central bankers from the 191 member countries will attend the International Monetary Fund (IMF) and World Bank’s spring meetings, to be held from April 13-18 in Washington, DC, to take stock of the global economic uncertainties amid the fragile ceasefire between the US and Iran and continuing uncertainties over the outcome of the peace talks.