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Monsoon disasters claims 386 lives, cause losses of Rs 4,465 crore
The cumulative monetary loss is pegged at ₹4,46,574.93 Lakh...
Equity mutual fund inflow stands at Rs 33,430 crore in Aug, gold ETFs jump: AMFI
"From Rs 42,702 crore of net flow on July 25 to Rs 33,430 crore on...
India stems wealth exodus amid robust economic development: Report
India increased the number of millionaires in the country by 85 per cent in the last decade. With 326,400 HNWIs, India ranks 10th in the world regarding the number of millionaires. New Delhi: Buoyed by overall economic development, India has stemmed its wealth exodus,...
Allianz Partners India receives patent for 2-Wheeler mobile charger
This state-of-the-art device reflects the company's dedication to meeting the emergent demands of customers and adapting to the technological advances shaping the market. The 2.5 kw AC mobile charging system, including a battery pack and inverter, delivers 230V AC...
Centre takes action against electricity KYC update scam, blocks 392 mobile phones
The Department of Telecommunications (DoT) utilised the ‘Chakshu’ portal for reporting and analysing fraudulent activities, initially identifying five suspect numbers.The portal’s AI-driven analysis revealed that 392 handsets linked to 31,740 mobile numbers were...
Sensex & Nifty may scale new high in coming weeks, FIIs invest Rs 2,030 crore in capital markets last week
"With government continuity now in place, we believe the market can look forward to further structural reforms, giving us more confidence in the earnings cycle. Macro stability with rising GDP growth relative to real rates should extend India's outperformance over...
Mutual funds industry adds 8.1 mn new investor accounts in Apr-May FY25
"As India's per capita income grows, investors will look to save money in asset classes, which have the potential to beat inflation and create wealth. As the penetration of mutual funds increases, this will translate into a higher folio base at the industry level,"...
Hyundai Motor India files for landmark IPO expected to surpass LIC’s record
The planned IPO is structured entirely as an offer for sale (OFS) involving 142,194,700 equity shares by Hyundai Motor Company, as detailed in the draft red herring prospectus (DRHP). Notably, there is no fresh issue component in this offering Mumbai: Hyundai Motor...
Mcap of five of top-10 most valued firms jumps Rs 85,582 cr; LIC biggest gainer
The valuation of LIC jumped Rs 46,425.48 crore to Rs 6,74,877.25 crore, the most among the top-10 firms. Mumbai: Five of the top-10 most valued firms together added Rs 85,582.21 crore in market valuation last week, with Life Insurance Corporation of India (LIC)...
Only 29% elderly people have access to social security schemes like Pensions, PF: Study
Health insurance coverage is limited to 31 per cent of the elderly New Delhi: Only 29 per cent elderly people reported to have access to social security schemes, such as old-age pensions or provident funds, according to a study by the NGO HelpAge. A similar proportion...
Extreme heat causes income loss for 50% of Delhi street vendors: Study
"Data from over 700 respondents highlight the devastating impact on their health, productivity, and livelihoods. We demand immediate government intervention, including the establishment of heat shelters in markets with essential facilities, safety kits, and...
Household consumption expenditure jumps in India as incomes rise
In absolute terms, the monthly per capita consumption expenditure in the country’s rural areas shot up to Rs 2,008 in 2022-23 from Rs 1,430 in 2011-12 Urban India also recorded a robust gain of 33 per cent with per capita household consumption expenditure rising to Rs...