Wealth Management
Hong Kong tycoons start moving assets offshore as fears rise over new extradition law
Hong Kong : Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such...
ITC CMD Sanjiv Puri's remuneration up by over 51% to Rs 6.16 cr in 2018-19
Total Remuneration of diversified group ITC Chairman & MD Sanjiv Puri has gone up by over 51 per cent to Rs 6.16 crore in 2018-19. Puri (56), who has been recently elevated as Chairman of the Kolkata-headquartered company after Y C Deveshwar passed away, took...
Kohli only Indian among Forbes highest paid athletes, Messi tops the list
New Delhi: Star cricketer Virat Kohli remains the sole Indian in the Forbes list of world's highest-paid athletes with estimated annual earnings of $25 million. However, the Indian captain has dropped 17 spots to be 100th in the rankings. The list is headed by Barcelona...
India's May gold imports jump 49% on festive demand: Government source
New Delhi: India's gold imports in May jumped 49% from a year earlier to 116 tonnes as a correction in local prices during a key festival boosted retail demand, a government source said on June 4. Higher gold imports by India, the world's second-biggest consumer...
Investor wealth rises by Rs 1.76 lakh cr as indices reach record highs
Mumbai: Driven by a robust show by benchmark indices, investor wealth June 3 rose by Rs 1.76 lakh crore as the BSE Sensex rallied 553 points to close at an all-time high level. The BSE 30-share index zoomed 553.42 points or 1.39 per cent to...
India's wealth managers buck the Asia trend with 18% asset growth
India’s wealth managers saw a rise in assets under management (AUM) in 2018, bucking a slowing trend in most of Asia, according to a survey by Asian Private Banker. The top 20 wealth firms in India expanded their AUM by 18 per cent over the...
India's per-capita income rises 10% to Rs 10,534 a month in FY19
New Delhi: The country's per-capita income is estimated to have risen by 10 per cent to Rs 10,534 a month during the financial year ended March 2019, government data on national income showed May 31. In 2017-18, the monthly per-capita income had stood at Rs...
Investor wealth soars Rs 5.33 trillion as exit polls predict return of NDA
Mumbai: Investor wealth soared by more than Rs 5.33 trillion as the benchmark BSE Sensex sprinted more than 1,422 points Monday after exit polls predicted a return of the NDA government led by the BJP. Tracking the sharp uptrend in equities, the market capitalisation of...
Hinduja brothers top UK rich list, Reuben brothers second
London: Srichand and Gopichand Hinduja have returned as the United Kingdom’s wealthiest in the 2019 Sunday Times Rich List, with steel magnate Lakshmi Mittal and family and mining major Anil Agarwal making it to the top 20 richest. The Hinduja brothers replace British businessman Jim...
Millionaires fleeing India in larger numbers: Report
New Delhi: All the chest thumping over a big leap forward in the ease of doing business index and the tag of the world's fastest growing economy in the world may not be of much worth, as a new report suggests that Indians who have...
