Wealth Management
163 ultra rich Delhiites have cumulative wealth of Rs 6,78,400 cr: Barclays Hurun
As many as 163 Delhiites featured in the Barclays Hurun India Rich List 2018 and their cumulative wealth stood at a whopping Rs 6,78,400 crore, a report said on Tuesday. The Barclays Hurun India Rich List, which is a compilation of the richest individuals in...
India's personal wealth may grow at a CAGR of 13% to $5 tn by 2022: BCG
The country's personal wealth is expected to grow at a CAGR of 13 per cent to $ 5 trillion by 2022, according to a report by the Boston Consulting Group (BCG). Its personal wealth was estimated to be $ 3 trillion in 2017.The country is...
World Bank endorses financial support framework for India's transition to high-middle income nation
New Delhi: The World Bank has endorsed an ambitious five-year framework for India under which it is expected to receive $25-30 billion in financial support for its transition from a low-middle income to a high-middle income country, a senior official from the global lender said. ...
Government hikes interest rate on PPF, other small savings by up to 0.4%
NEW DELHI: The government has raised interest rates on small savings schemes, including NSC and PPF, by up to 0.4 per cent for the October-December quarter, in line with rising deposit rates in the banks. Interest rates for small savings schemes are notified on a...
AIF investments zoom 90% to Rs 75,000 crore till Q1
Mumbai: The capital put in by alternative investment funds (AIFs) has risen to nearly Rs 75,000 crore at the end of April-June quarter of the current fiscal, a surge of 90 per cent from the year-ago period. AIFs are a class of pooled-in vehicles for...
Indian demi-billionaires is set to grow by 70% by 2022, says survey
Mumbai: As the list of wealthy Indians with over USD 500 million or more in assets grows, the number of demi-billionaires is poised to grow by 70 per cent by 2022, a recent survey said. According to a report by Knight Frank, India, which had...
Jeff Bezos, Foudner,Amazon
Jeff Bezos rockets to richest person on the planet
As Amazon became the second US firm to hit a trillion-dollar value on the stock market, founder Jeff Bezos regained the crown as the richest person on the planet. Amazon's share price has climbed during the year, lifting the personal wealth of the company's 54-year-old...
RBI buys 8.46 tonne of gold in FY18 for the first time since 2009
Mumbai: The Reserve Bank of India (RBI) has bought 8.46 tonne of gold in financial year 2017-18, the first purchase of yellow metal by the apex bank in almost nine years, a report said. RBI held 566.23 tonne of gold as on June 30, 2018,...
India:Demonetisation failed to push household savings
The Indian central bank’s final tally of Prime Minister Narendra Modi’s 2016 demonetisation drive, intended to take money derived from tax evasion out of circulation, showed that 99.3 per cent of outlawed high-value banknotes had been returned. That’s a severe loss of face for officials,...
India:SIPs' contribution to mutual funds up 53% in July at Rs 75.54 billion
Retail investors are increasingly opting for systematic investment plans (SIPs) in mutual funds as the industry garnered Rs 75.54 billion (Rs 7,554 crore) through this route in July, a surge of 53 per cent from the year-ago period. This followed investments of over Rs 670...
