While FPIs may adopt a cautious stance until the election results...
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Gold ETFs witness first outflow since March 2023 amid profit-taking
''In INR terms, gold has done fairly well over the last year but...
India poised to become world’s third largest consumer market by 2026 outpacing Germany, Japan
Euromonitor data reveals that in 2023, around 40 million...
ICICI Bank raises stake in ICICI Lombard General Insurance
Sunil Bharti Mittal-promoted Bharti Enterprises on Thursday offloaded shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions at an average price of Rs 1,722.5 apiece. Bharti Enterprises Ltd sold 38.50 lakh shares, amounting...
Sensex slips over 1,000 points as broad sell-off continues in Indian stocks
Analysts asserted that a strong US dollar, uncertainty in Lok Sabha elections outcome after a decreasing voter turnout trend seen so far in the three phases that went to vote, and a profit booking after the recent rally hurt the markets Stock market investors lost Rs...
Go Digit to open its IPO on May 15,price band in range of Rs 258-272, to raise Rs 2,615 crore
The insurer will raise Rs 2,615 crore via its IPO which includes a fresh share sale of Rs 1,250 crore and an offer-for-sale (OFS) of up to 5.47 crore equity shares amounting to Rs 1,489.65 crore. by its promoters and existing shareholders of the company Valuation of...
ICICI Prudential Life launches ULIP, links distributor remuneration to fund value performance
ICICI Prudential Life Insurance on Monday said it has come out with its first unit-linked product which aligns distributor payouts to their customers' fund value. Customers can choose from an array of 21 funds under this product, comprising 13 equity and four each in...
Wipro, Microsoft to launch GenAI-powered assistants for financial services
“This new solution set, powered by Microsoft, will help provide better and faster market and product intelligence to financial advisors and banking professionals, enabling them to deliver more personalised and timely service to clients,” Suzanne Dann, CEO of Americas...
Mutual funds at all-time high, FII holding down at 11-year low
The share of Foreign Institutional Investors (FIIs) declined to an 11-year low of 17.68 per cent as of March 31, 2024, down by 51 bps from 18.19 per cent as of December 31, 2023, resulting in the gap between FII and DII holding narrowing further to an all-time low in...
FM refutes report on possible tweaking of tax laws
Nirmala Sitharaman, union finance minister Finance Minister Nirmala Sitharaman reacted to a post on X by a TV news channel claiming that in a sweeping change, the Income Tax Department is planning to impose uniform treatment for all asset classes New Delhi: Finance...
Binance founder Changpeng Zhao sentenced to 4 months in prison for allowing cybercriminals and terrorist grps to trade on cryptocurrency exchange
Changpeng Zhao, founder & former CEO, Binance It is the first time a chief executive officer has ever gone to jail for a bank secrecy act violation, a charge that has been used repeatedly in crypto prosecutions in recent years Binance founder Changpeng Zhao was...
Foreign portfolio investors turn net sellers in Indian stocks this April
The entire year saw an inflow of about Rs 171,107 crore, and notably, over one-third of it came in December. The strong inflow of funds from foreign portfolio investors (FPIs) had then supported the benchmark stock indices to march towards all-time highs. New Delhi:...
ED tightens grip on crypto assets, freezes Rs 90 crore in Binance, ZebPay, and WazirX
The investigation pertains to an online gaming scam app ''scam'' called 'E-Nugget' that masqueraded as a gaming platform and ''promised'' users high returns on their investments. New Delhi: The Enforcement Directorate on Tuesday said it has taken possession of funds...