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Debt MF outflows hit record Rs 2.9 lakh crore in March

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Debt MF outflows hit record Rs 2.9 lakh crore in March
ET Intelligence Group: The outflow from debt mutual fund schemes surged nearly 50% year-on-year to a record ₹2.95 lakh crore in March. While debt schemes typically show heavy redemptions in March as corporates withdraw funds to meet year-end obligations, the latest reading was the highest on record amid the need to build extra liquidity triggered by the West Asian crisis.

In addition, industry observers also cited a shift of funds to equity to take advantage of current weakness in the stock market. Liquid funds accounted for the largest share of outflows among debt schemes, with redemptions of ₹1.35 lakh crore in March, according to the data from the Association of Mutual Funds in India (AMFI).

Screenshot 2026-04-15 071234ET Bureau


“March has seasonal withdrawals from liquid funds. This time, banks, NBFCs and corporates are holding on to additional liquidity as a precaution amid geopolitical uncertainty due to the West Asia conflict,” Ravi Kumar Jha, MD & CEO, LIC Mutual Fund Asset Management told ET . He added that these institutions are waiting for greater clarity before redeploying this liquidity.

Among debt fund schemes, overnight funds recorded redemptions of ₹40,227 crore followed by money market funds with an outflow of ₹29,207 crore, and low-duration funds, which recorded an outflow of ₹25,227 crore.

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Every year, institutional treasuries pull money out of liquid and overnight mutual funds in March to manage liquidity requirements during the fiscal year ending to meet financial obligations such as advance tax and Goods and Services Tax (GST) payments.
To be sure, the outflow from debt funds in March have historically be-en of temporary nature as a sharp inflow is noticed in April since institutions tend to restore the proportion of their exposure to fixed assets. For instance, debt fund inflows surged to ₹2.19 lakh crore in April 2025 after an outflow of ₹2.03 lakh crore in the pre-vious month. Similarly, in April 2024, the inflow was ₹1.9 lakh crore following an outflow of ₹1.98 lakh crore in the prior month.For the full year FY26, debt mutual fund schemes recorded an inflow of ₹22,161 crore. Equity schemes attracted an inflow of ₹3.46 lakh crore during the year, while hybrid schemes reported an inflow of ₹1.55 lakh crore. Index funds garnered a net inflow of ₹25,932 crore over the fiscal year.

“Some investors may have shifted funds toward equities to take advantage of the sharp market correction in March, which made valuations more attractive,” said Himanshu Srivastava, principal-research at Morningstar Investment Research India. The BSE Sensex declined 11.5%, shedding 9,340 points in March amid the impact of the West Asia war.

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Trump reiterates Pope Leo criticism, says it is ’unacceptable’ for Iran to have a nuclear bomb

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Trump reiterates Pope Leo criticism, says it is ’unacceptable’ for Iran to have a nuclear bomb


Trump reiterates Pope Leo criticism, says it is ’unacceptable’ for Iran to have a nuclear bomb

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State govt confident fan bases will still travel

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State govt confident fan bases will still travel

The state government says it expects “dedicated fan bases” travelling from interstate and overseas will be unperturbed in attending major sporting tourism events in Perth amid the global fuel crisis.

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Oil Price Today (April 15): Crude oil below $95, falls for second consecutive day. What’s behind the decline?

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Oil Price Today (April 15): Crude oil below $95, falls for second consecutive day. What’s behind the decline?
Oil prices declined for a second straight day on Wednesday, as expectations grew that the U.S. and Iran could return to negotiations, potentially easing supply constraints from the Middle East following the closure of the Strait of Hormuz.

U.S. President Donald Trump said on Tuesday that talks to end the conflict involving the U.S., Israel, and Iran could resume in Pakistan within the next two days. This follows a breakdown in negotiations over the weekend that led Washington to impose a blockade on Iranian ports. The prospect of renewed dialogue has raised hopes of a resolution that could restore crude and fuel flows.

Crude oil price on April 15

Brent crude futures slipped 52 cents, or 0.55%, to $94.27 a barrel at 0054 GMT, extending a 4.6% drop in the previous session. U.S. West Texas Intermediate crude fell $1.04, or 1.1%, to $90.24, after losing 7.9% a day earlier.The conflict has effectively shut the Strait of Hormuz, a critical route for transporting crude and refined products from the Gulf to global markets, especially in Asia and Europe.

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Despite signs of possible diplomatic progress and talk of easing transit curbs, on-ground supply conditions remain disrupted.

What’s next for prices?

Brokerage firm Macquarie noted that even if tensions ease, oil prices are likely to stay supported in the $85 to $90 range, with a gradual move toward $110 as flows through the Strait of Hormuz normalise. It added that if disruptions extend through April, Brent could still rise to $150 per barrel.Looking ahead, crude prices could move higher from current levels. According to Kayanat Chainwala of Kotak Securities, oil may rise to $120 per barrel in the near term and potentially touch $150 if the conflict continues.

Nuvama Institutional Equities echoes the same view. The continued closure of the Strait of Hormuz, which handles around 20 million barrels per day, could push crude prices to the $110–150 per barrel range.

Market experts believe crude may be entering a structurally higher price phase. Ajit Mishra, Senior Vice President at Religare Broking, said the current ceasefire is temporary and a return to pre-war levels of $70 to $75 could take several months. In the near term, he expects crude to remain within a range of $80 to $85 on the downside and $95 to $100 on the upside.

Analysts also point out that as long as tensions persist, the outlook for crude remains volatile with an upward bias. Continued disruptions in the Middle East, particularly around the Strait of Hormuz, are likely to keep supply tight, supporting both Brent and WTI prices and maintaining inflationary pressures globally.

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(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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Oasis, Phil Collins, Iron Maiden Lead Explosive 2026 Rock & Roll Hall of Fame Class

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Phil Collins

CLEVELAND — The Rock & Roll Hall of Fame unveiled its 2026 inductees on Monday night, honoring a star-studded class that spans pop anthems, heavy metal riffs, smooth R&B grooves and hip-hop innovation during a live reveal on “American Idol.”

Eight performers earned induction: Phil Collins, Billy Idol, Iron Maiden, Joy Division/New Order, Oasis, Sade, Luther Vandross and Wu-Tang Clan. The announcement, broadcast to millions, celebrated music’s broadest influences while sparking debates about what defines rock ‘n’ roll in 2026.

Phil Collins
Phil Collins

The class reflects the Hall’s evolving mandate to recognize “the music that connects us all,” as officials put it. From Manchester’s Britpop kings Oasis to New York’s Wu-Tang Clan, the inductees highlight how rock has absorbed and transformed global sounds over decades.

Phil Collins, making his solo debut after Genesis’ 2010 induction, expressed surprise and gratitude in early reactions. The Genesis drummer-turned-solo superstar dominated charts in the 1980s with hits like “In the Air Tonight” and “Against All Odds.” His induction caps a career that bridged progressive rock and accessible pop.

British new wave icon Billy Idol, known for sneering anthems like “Rebel Yell” and “White Wedding,” also joins the ranks after multiple nominations. His punk-to-pop evolution influenced generations of rockers and MTV-era stars.

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Heavy metal titans Iron Maiden bring arena-shaking energy with their intricate compositions and mascot Eddie. The band’s decades-long influence on metal and beyond made their induction a fan favorite, though some purists questioned the wait.

Joy Division/New Order represent post-punk’s dark heart and dancefloor rebirth. Ian Curtis’ haunting legacy with Joy Division and the electronic shift under New Order helped shape alternative music from the late 1970s onward.

Oasis, the Gallagher brothers’ volatile Britpop force, finally enters after years of eligibility and drama. Hits like “Wonderwall” and “Don’t Look Back in Anger” defined 1990s rock, turning stadiums into singalongs and fueling a reunion tour buzz that amplified their cultural staying power.

Smooth operator Sade brings rare female representation among the performers with her sophisticated soul-jazz sound. The band’s elegant grooves on “Smooth Operator” and “No Ordinary Love” influenced R&B and beyond, earning acclaim for Adu’s sultry vocals and timeless style.

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Soul legend Luther Vandross, a first-time nominee, receives posthumous recognition for his velvet voice and romantic ballads that defined ’80s and ’90s R&B. His emotional depth on tracks like “Never Too Much” left an indelible mark.

Wu-Tang Clan injects hip-hop’s raw street poetry into the Hall. The Staten Island collective’s 1993 debut “Enter the Wu-Tang (36 Chambers)” revolutionized the genre with gritty production, martial arts references and group chemistry, influencing countless MCs and producers.

Additional honors expanded the class to 18:

Early Influence Award: Celia Cruz, the Queen of Salsa whose vibrant rhythms brought Latin music to global stages; Afrobeat pioneer Fela Kuti; hip-hop trailblazers Queen Latifah and MC Lyte; and country-rock visionary Gram Parsons.

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Musical Excellence Award: Songwriter Linda Creed (“Greatest Love of All”); producer Arif Mardin; legendary producer Jimmy Miller (Rolling Stones classics); and modern production icon Rick Rubin.

Ahmet Ertegun Award: Television pioneer Ed Sullivan, whose variety show introduced rock legends like Elvis Presley and the Beatles to American audiences.

The 2026 class drew from a pool of 17 nominees announced in February, which included Mariah Carey, P!nk, Shakira, Lauryn Hill, INXS, Melissa Etheridge, Jeff Buckley, The Black Crowes and New Edition, the latter winning the fan vote but falling short of induction. Voting involved more than 1,200 artists, historians and industry professionals alongside public input.

Critics and fans quickly weighed in online. Some praised the diversity, noting nods to global influences like Fela Kuti and Celia Cruz. Others debated rock’s boundaries, asking whether smooth operators like Sade or hip-hop collectives like Wu-Tang fit the “rock” label. Hall officials have long argued that the genre’s DNA includes rhythm and blues, soul, country and more — a philosophy that has broadened the institution since its 1983 founding in Cleveland.

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The induction ceremony is scheduled for Saturday, Nov. 14, at the Peacock Theater in Los Angeles. It will tape for a December broadcast on ABC and Disney+, with exact air date details pending. Tickets for members and select packages are expected to go fast, as past ceremonies have drawn massive audiences and emotional performances.

This year’s class arrives amid renewed interest in rock’s legacy. Oasis’ reunion tour has packed stadiums, Iron Maiden continues epic world tours, and younger artists sample or cite these acts as foundational. Wu-Tang’s influence echoes in modern hip-hop, while Sade’s catalog enjoys streaming revivals.

Cleveland’s Rock & Roll Hall of Fame museum plans special exhibits featuring artifacts from the new inductees, allowing visitors to explore guitars, stage costumes, handwritten lyrics and more. The institution, designed by I.M. Pei, has become a pilgrimage site for music lovers since opening in 1995.

Induction often sparks career boosts or reunions, though some artists have declined or expressed mixed feelings over the years. For living honorees like Collins, Idol and members of Iron Maiden, Oasis and Wu-Tang, the honor cements their place in music history.

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The announcement on “American Idol,” hosted with input from Ryan Seacrest and Lionel Richie, blended pop television with rock heritage, reaching a broad audience. Clips of performances and tributes circulated rapidly on social media, driving viral conversations about overlooked artists and genre evolution.

Music historians note the class bridges eras: from Gram Parsons’ cosmic American music in the 1960s-70s to Wu-Tang’s 1990s breakthrough and Sade’s consistent elegance. It also highlights behind-the-scenes contributors like producers Mardin, Miller and Rubin, whose work shaped countless hits.

As the music industry grapples with streaming, AI and shifting consumption, the Rock Hall continues to affirm timeless artistry. Chairman John Sykes has emphasized the Hall’s role in preserving culture while adapting to new voices.

Fans can expect powerful moments at the November ceremony, with potential all-star jams, emotional speeches and surprise collaborations. Past events have featured reunions and tributes that became instant classics.

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The 2026 inductees embody rock ‘n’ roll’s rebellious spirit and expansive reach — from stadium anthems to intimate soul, metal thunder to hip-hop innovation. Their music continues to soundtrack lives, challenge norms and inspire new generations.

Whether debating the merits of each choice or celebrating long-overdue recognition, one thing is clear: the Class of 2026 adds fresh chapters to the ongoing story of music’s highest honor.

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HAL Trust: Still Trading At A Discount

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HAL Trust: Still Trading At A Discount

HAL Trust: Still Trading At A Discount

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Earnings call transcript: Scott Technology’s H1 2026 shows steady growth

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Earnings call transcript: Scott Technology’s H1 2026 shows steady growth

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Google Says No to Back Button Hijacking on Browsers, Details Punishments for the Practice

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OpenAI Sam Altman

Google is putting its foot down on “back button hijacking,” an infamous deceptive practice where users are kept on a long loop of pressing the back button but are either not brought anywhere or redirected to other pages instead of the previous one.

While some may deduce that ads are preventing them from going back, the website itself that hosts the ads is the one locking them on that specific page and not allowing them to return.

Google Says No to Back Button Hijacking on Browsers

Google has explained in their latest blog post on the Google Search Central that they are now introducing a new spam policy on back button hijacking, which is now considered by the platform as a deceptive practice.

According to Google, back button hijacking is a practice where users click the “back” button, but instead of being brought to the previous page, they are directed to other pages, made to stay on the current one, or bombarded with unwanted ads.

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Google expects that websites should make the back button work as intended, and when users click on it, they should be taken back to the previous page they saw.

With this, Google is now categorizing it as part of malicious practices under the spam policies of the platform, saying that websites that continue these practices in the future will violate its guidelines.

Google Will Punish Back-Button Hijackers, Websites

According to Google, pages that practice back button hijacking “may be subject to manual spam actions or automated demotions,” which will impact the site’s performance in Google Search results.

The company said that it is now giving site owners time to make the necessary changes as the new policy will take effect in two months, specifically on June 15, 2026.

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Google said that sites that practice this should ensure that they are not “doing anything to interfere with a user’s ability to navigate their browser history” or else face the punishments that the company has laid out.

Should back button hijacking stem from the site’s included libraries or ad platform, Google still wants them to remove or disable any code to prevent the malicious practice.

The latest policy change came after Google allowed AI-generated headlines from Discover to Search.

Originally published on Tech Times

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Ukraine war use gives rise to US Defence deal for Orthocell

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Ukraine war use gives rise to US Defence deal for Orthocell

The Perth developer of a collagen nerve repair surgical wrap has inked a deal for access to over 200 US Department of Defence medical sites after validating its effectiveness on the battlefield of Ukraine.

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Bitcoin climbs to 4-week high of $74,945

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Bitcoin climbs to 4-week high of $74,945
Bitcoin rose to its highest level in four weeks as risk assets rallied on hopes that the US can strike a deal with Iran to end their conflict.
The largest cryptocurrency climbed as much as 2.4% to $74,945, its highest since March 17, before paring gains to trade around $74,400. Smaller tokens also advanced, with Ether up 5.5% to over $2,370.

The moves followed President Donald Trump’s claim that Iran had reached out to his administration for potential peace talks, even as the US began a naval blockade of the Strait of Hormuz.

Asian stocks also climbed on optimism that a deal would help ease oil prices and boost economic growth.


Since its crash from an all-time high of $126,000 in October, Bitcoin has been trading in a tight range for the past two months.

However, the token has fared better than many traditional assets since the US war with Iran started at the end of February. It is up more than 10% since Feb. 27, while gold has fallen nearly 10%. The S&P 500 index is roughly flat for the same period.

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Donald Trump Claims US-Iran Talks Could Resume in the Next Two Days

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Trump Threatens China With More Tariffs Over Continued Russian Oil
Trump Threatens China With More Tariffs Over Continued Russian Oil

US President Donald Trump has claimed that talks between his country and Iran may resume in the coming days.

The revelation was made by a New York Post reporter, who said Trump had called her with the news.

US-Iran Talks May Resume

According to a report by The Guardian, the New York Post reporter said that Trump called to say that he had an update on the situation.

“You should stay there, really, because something could be happening over the next two days, and we’re more inclined to go there,” Trump said.

Trump also sang praises for Pakistan’s army chief, Field Marshal Asim Munir, who is arranging the talks, saying that Munir is doing a “great job.”

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“He’s fantastic, and therefore it’s more likely that we go back there,” said the US President.

According to The Guardian, a Pakistani official said that talks may resume soon, but it may take longer than Trump expected.

US Continues Strait of Hormuz Blockade

The update comes as the United States continues its blockade of the Strait of Hormuz. According to the BBC, more than a dozen US warships are now implementing the blockade.

The blockade is believed to be targeting Iran’s oil revenue as well as the significant amount the Middle Eastern country is making from charging tolls.

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However, the BBC notes in its report that at least four Iran-linked shipping vessels were able to cross despite the blockade.

China has spoken out against the blockade, calling it “dangerous and irresponsible.”

The country went on to say that the move would only “exacerbate tensions and undermine the already fragile ceasefire agreement.”

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