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Mumbai: The recent sell-off in Indian government bonds seems to be easing and demand is expected to rise from October, according to bond dealers. The impact on government revenue from GST rate revisions is seen less severe than feared, and the market is factoring in a possible central bank action to fix the bond market dislocation."Benign inflation and potential headwinds to GDP should help the RBI maintain a supportive monetary policy. In addition, the government's still resilient fiscal footing and its commitment to fiscal consolidation should together help to revive the demand for India government bonds in the near term," analysts at Barclays said in a report on Tuesday.Barclays expects the yield on 10-year benchmark government bonds to ease to 6.25% by December-end. It closed at 6.48% Wednesday. Bond yields and prices move in opposite directions.Economists at Union Bank of India see the possibility of a token 25- to 50-basis point rate cuts as part of coordinated government and RBI policy efforts to support growth. Policy steps by the central bank to address the dislocated bond market are also likely to be a key driver for the market. "We believe that the current levels are attractive to enter a tactical trade in long-duration bonds (especially G-secs)," they wrote in a report last week.Bank of Baroda said the bond market is getting back to normal. "The tariff impact would be there for sure, but the GST cuts could provide some compensation. We are still talking of growth in the region of 6.5%," said chief economist Madan Sabnavis.123819387That said, a growing mismatch between demand and supply at the long end of the yield curve remains a key concern for the market. Recent auctions saw states borrowing less than their notified limits because of the absence of long-term investors like insurance companies and pension funds in the market, bond traders said. Experts said if the RBI reduces the supply of long-term bonds in second-half borrowing, as suggested by banks in a meeting last week, it could compress spreads across the yield curve and soften yields on long bonds.In near term, release of the H2 borrowing calendar by September-end, developments related to an India-US trade deal and outcome of the Monetary Policy Committee's meeting on October 1 are key events for market.
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Mumbai: Flows into equity mutual funds fell 21% in August from the previous month on a weaker retail investor appetite. A decline in scheme launches also weighed on collections. Investors poured ₹33,430 crore into equity mutual funds in August compared with ₹42,702 crore in July. Inflows through SIPs were marginally lower at ₹28,265 crore against ₹28,464 crore a month earlier."The lower impact of new flows compared with the previous month of about ₹9,000 crore is to the extent of new fund offers (NFOs) which were higher in July than August," says Akhil Chaturvedi, ED, Motilal Oswal Asset Management Company.Debt mutual funds recorded outflows of ₹7,980 crore, driven largely by withdrawals from liquid schemes.The decline in equity markets also weighed on overall assets. The mutual fund industry's net AUM slipped 0.3% to ₹74.93 lakh crore from ₹75.18 lakh crore in July, according to data from the Association of Mutual Funds in India (AMFI).Among equity categories, sectoral or thematic funds saw the sharpest drop, with inflows slipping to ₹3,893 crore in August from ₹9,426 crore in July.123819275Within the diversified equity space, flexicap funds attracted the highest flows at ₹7,679 crore in August, marginally higher than ₹7,654 crore a month earlier. Small-cap funds saw a 23% fall in inflows to ₹4,993 crore from ₹6,484 crore in July, as investors turned cautious amid high valuations in the segment.Mid-cap funds, however, recorded a modest rise in flows to ₹5,331 crore compared with ₹5,182 crore earlier, while large-cap funds saw inflows climb to ₹2,640 crore from ₹2,125 crore.In the fixed income space, liquid funds recorded the largest outflows at ₹13,350 crore in August, while overnight funds saw inflows of ₹4,950 crore. As bond yields rose, investors pulled out ₹928 crore from gilt funds.In the hybrid category, which invests across two or more asset classes, net inflows eased to ₹15,294 crore from ₹20,879 crore in July. Arbitrage funds, known for their safety and tax efficiency, witnessed inflows drop to ₹6,667 crore from ₹7,296 crore, while multi-asset allocation funds saw collections fall to ₹3,528 crore from ₹6,197 crore in the previous month.A sharp rise of 50% in the price of domestic gold led to investors adding ETFs worth ₹2,190 crore in August from ₹1,256 crore in the previous month. "For domestic investors, gold continues to act as a shield against currency fluctuations and inflationary pressures, while also offering tactical positioning ahead of pivotal global monetary policy decisions," says Nehal Meshram, senior analyst - manager research, Morningstar Investment Research India.
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Charlie Kirk, the conservative commentator and founder of Turning Point USA, was shot on September 10, 2025, while speaking at his "American Comeback" tour at Utah Valley University.The incident sent shockwaves through U.S. political circles including President Trump and Vice President JD Vance. U.S. President Donald Trump called for prayers on Truth Social, saying, "We must all pray for Charlie Kirk, who has been shot. A great guy from top to bottom. GOD BLESS HIM!"Who is Charlie Kirk? Kirk, 31, co-founded Turning Point USA (TPUSA) in 2012 at the age of 18 with Bill Montgomery. The organization promotes conservative values on college campuses and has grown into a network that includes Turning Point Action, Turning Point Academy, and Turning Point Faith.Also Read: Charlie Kirk shot- Trump calls for prayers as right-wing activist attacked at Utah University event He also serves as president of Turning Point Endowment and is a member of the Council for National Policy, a conservative activist network, according to The New York Times. Born on October 14, 1993, in Arlington Heights, Illinois, Kirk was active in politics from a young age, volunteering for Republican campaigns and engaging in student activism. He briefly attended Harper College before leaving to pursue political activism full-time, influenced by Tea Party member Bill Montgomery. Kirk is also a media personality. He hosts The Charlie Kirk Show, a daily radio program, and has authored several books, including Campus Battlefield (2018) and The MAGA Doctrine (2020). NBC News reported that his podcast is downloaded between 500,000 and 750,000 times daily.The activist is married to Erika Frantzve, a former Miss Arizona USA. The couple has two children.Charlie Kirk Controversies Kirk is a prominent supporter of President Donald Trump and has promoted pro-Trump causes, including challenging the 2020 presidential election results. He has also been criticized for spreading COVID-19 misinformation, rejecting mainstream climate science, and opposing critical race theory in schools, according to Forbes.Kirk shooting under investigation Following the shooting, FBI Director Kash Patel said on X, "We are closely monitoring reports of the tragic shooting involving Charlie Kirk at Utah Valley University. Our thoughts are with Charlie, his loved ones, and everyone affected." He added that FBI agents were on the scene quickly.
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Deloitte LLP has told its staff in India to show up in office at least two days a week or risk negative performance reviews, as the Big-Four accounting giant starts tightening its pandemic-era flexible work policy.The new rule becomes effective starting Oct. 1 for employees at the firm’s seven offices that help clients or provide back-office support across the South Asian country, according to an internal memo seen by Bloomberg News. The missive also said that staff may have to attend office on schedule because of space considerations, and failure to comply with the mandate will be tracked and taken into account during performance reviews.A spokesperson for Deloitte said in a statement that the firm’s hybrid working model is “not one-size-fits-all.” Without commenting on the RTO plan, the statement added that the approach is “designed for clients, businesses, team leaders and professionals to co-locate when it matters most to the performance of our work and the development and well-being of our professionals.”The move by Deloitte US comes about a year after rival PricewaterhouseCoopers LLP clamped down on remote working in the UK by telling its staff and partners there to spend at least three days a week in office or with clients. Similarly, some of the global financial giants including JPMorgan Chase & Co. have ordered their employees to return to the office five days a week, while HSBC Holdings Plc told its UK retail banking staff to expect smaller bonuses if they don’t attend office frequently enough. Deloitte’s US tax practice earlier this year introduced rules that require staff to spend two to three days a week in the office, or face a potential bonus hit, the Financial Times has reported.
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