Wealth Management

Reliance Mutual Fund customers can now carry out voice-based transactions

Indian News       Mar 31, 2019

  Mumbai: Customers of Reliance Mutual Fund can now carry out voice-based financial transactions, with Reliance Nippon Life Asset Management (RNAM) partnering with internet major Google.   For the first time in India, Reliance Mutual Fund for its customers is introducing a conversational interface that would help...

Sebi modifies commissions, disclosure norms for MF industry

Indian News       Mar 25, 2019

  Mumbai: Markets regulator Sebi on Monday reviewed and modified the commission as well as disclosure norms for the mutual fund industry. The move comes after the regulator in October 2018 asked the asset management companies (AMC) to adopt full trail model of commission in all...

Gold imports dip 5.5 pc during April-Feb to $29.5 bn

Data       Mar 24, 2019

New DelhI: The country’s gold imports dipped about 5.5 per cent in value terms to USD 29.5 billion during April-February 2018-19, which is expected to keep a lid on the current account deficit.   Total imports of the precious metal in the corresponding period of 2017-18...

Hinduja family richest Asians in Britain, worth 25 billion pounds: Report

International News       Mar 24, 2019

London: Leading London-based NRI industrial tycoons, the Hinduja family top the Asian Rich List 2019 for the sixth successive year with an estimated net worth of 25.2 billion pounds, an increase of over 3 billion pounds over the previous year.   According to the Asian Rich...

Microsoft Corp. co-founder Bill Gates

Bill Gates joins Jeff Bezos in $100 bn club

International News       Mar 20, 2019

Bloomberg tracks the fortunes of some 2,800 billionaires. Of those, 145 are worth at least $10 billion, making them decabillionaires. Now, the world contains two centibillionaires simultaneously.   Microsoft Corp. co-founder Bill Gates, once the world’s richest person, has again eclipsed the $100 billion threshold, joining...

Berkshire Hathaway’s vice chairmen Jain, Abel each made $18 mn in 2018

International News       Mar 18, 2019

  Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate’s...

Wipro Chairman Premji pledges 34 percent of company shares for philanthropy

Facts       Mar 13, 2019

  Wipro Ltd Chairman Azim Premji has pledged about 34 percent of the company’s shares,worth 527.50 billion rupees ($7.5 billion) controlled by him toward philanthropy, the Azim Premji Foundation said on Wednesday.   The commitment, would take the total value of the endowment corpus contributed by Premji...

Women's Day 2019: Women with children under six make up about 10.2% of managers in India

International News       Mar 08, 2019

  Women are still under-represented at the top positions and face "motherhood wage penalty" globally, according to a UN report which said in India only about 10 percent of managers with children under six years of age are women as compared to nearly 90 percent of...

Bugatti unveils most expensive new car at $12.5 mn; there's a buyer already

International News       Mar 05, 2019

  For its 110th anniversary, Bugatti has created a jet black rocket it hails as the most expensive car of all time. It wouldn’t look out of place as Star Wars villain Darth Vader’s preferred mode of transport.   “La Voiture Noire” is priced at 11 million...

Mukesh Ambani 13th richest in world, Jeff Bezos tops the chart: Forbes

Indian News       Mar 05, 2019

  Richest Indian Mukesh Ambani jumped six positions to rank 13th on Forbes World's Billionaire list released Tuesday that was again topped by Jeff Bezos.   E-commerce colossus Amazon founder Bezos, 55, remains the world's richest person, ahead of Bill Gates and Warren Buffett, as his riches...

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