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Equity investors’ wealth erode by Rs 18 lakh cr in 6 days of market fall
During the day, the benchmark tanked 905.21 points or 1.18 per cent...
Stock market crashes over 1 pc as investors jittery over US tariff moves, investors poorer by Rs 16.97 trillion in 5 days
On Tuesday alone, investors' wealth got wiped out by Rs 9,29,651.16...
Equity-oriented funds drive MF assets to record high in 2021 at Rs 37.7 lakh cr : Report
2021 saw investors put a larger amount of their money in equity-oriented funds, drawn by the strong gains in the underlying equity markets. While equity funds got net inflows of Rs 91,000 crore, passive funds saw Rs 1.14 lakh crore coming in and hybrid funds Rs 1.02...
LIC’s mega IPO to hit markets by March
Officials are working on the valuation of the company which manages more than $450 billion of assets, and once that is done they will issue a draft IPO prospectus for investors, a government and two banking sources with direct knowledge of the matter said. New Delhi:...
ANALYSIS-India’s new COVID-19 rules aim to free up resources but carry risks
"This new strategy will affect data from rural India or certain states in a disproportionate way," said Bhramar Mukherjee, an epidemiology professor at the University of Michigan. "It will be harder to predict upcoming hotspots and epicenters," she added, which would...
India reports over 2.47 lakh fresh COVID-19 cases, 27 pc higher than y’day
380 COVID-19 infected patients lost lives in India in the last 24 hours, taking the death toll to 4,85,035, the Union Health Ministry said. Of the 69.73 crore total tests conducted so far, a daily positivity rate of 13.11 per cent was reported in the country. Further,...
Maharashtra likely to see rise in COVID-19 hospitalisations by Jan-end or early Feb: Health dept
Maharashtra on Wednesday recorded 46,723 fresh coronavirus cases, a jump of 12,299 infections from a day ago, and 32 fresh fatalities. The new cases included 86 Omicron infections Mumbai:Maharashtra is expected to see a spike in hospitalisation of COVID-19 patients in...
Life insurance is witnessing shift from ‘savings ’ to ‘protection’:IRDAI member
K. Ganesh, Member (Life), IRDAI said fintech will redefine distribution and customer services Pune: K. Ganesh, Member (Life), IRDAI has said the Covid-19 pandemic has changed the peoples’ perspective of life insurance from ‘savings oriented’ to ‘protection oriented’....
Once in a lifetime COVID pandemic has reaffirmed importance of health sector: PM
Prime Minister Narendra Modi "The problem of shortage of doctors in India was well-known. But there were not enough efforts to address this problem. Perhaps vested interests also did not let previous governments take the right decisions. And, access to medical...
COVID-19: 115 deaths reported globally due to Omicron, one in India, says Health Ministry
"Emerging states of concerns reporting high positive rates- Maharashtra with a rate positivity rate of 22.39 per cent, West Bengal 32.18 per cent, Delhi 23.1 per cent and Uttar Pradesh 4.47 per cent," he added. Agarwal also stated that there are eight countries in...
India reports 1,94,720 fresh COVID-19 infections, 442 fatalities
``Plateauing of hospital admissions is an indication that the wave may have peaked. We may see a decline in cases in two to three days.Cases have started declining in Mumbai and Delhi is likely to follow the same trend,'' Delhi Health Minister Satyendra Jain said New...
Government may seek Rs 15 trillion valuation for LIC, aims to file prospectus for IPO by Jan end
The government is still awaiting the completed valuation report, the people said, and projected valuations may change based on that. They added that LIC could be valued at as high as five times the so-called embedded value — higher than 3-4 times for most insurers...