The new framework gives pension funds the freedom to create their...
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India added more than 1 billionaire every week in 2025: Hurun Report
Remarkably, the top 10 alone hold wealth equal to 28 per cent of...
Gross financial assets of Indian households rose by 14.5% in 2024: Allianz report
Over the past two decades, India’s real per capita financial assets...
Institutional investors put in bids worth Rs 2,300 cr for GIC Re OFS
Based on indicative price of Rs 395.03 for the bids, institutional investors put Rs 2,284 crore bids for GIC Re shares as of 3:20 pm on Wednesday. Retail investors will get to bid in the OFS on Thursday New Delhi: Institutional investors on Wednesday placed bids...
Govt to sell 7% stake in GIC Re tom, to mop up Rs 4,701 cr
“Retail investors and GIC employees can bid on Thursday. The government will divest 3.39 per cent equity with an additional 3.39 per cent as green shoe option,” Secretary, Department of Investment and Public Asset Management, posted on social media platform X ...
India needs to avoid financialization as it marches towards Viksit Bharat goal, says Nageswaran
V Anantha Nageswaran, Chief Economic Advisor "Unprecedented levels of public and private sector debt, some visible to regulators and some not, economic growth dependent on continued increase in asset prices to offset the leverage that have built up and hence a massive...
FPIs inflow in equities drops to Rs 7,320 cr in August on higher valuations
In August, FPIs invested Rs 7,320 crore in equity compared to Rs 32,365 crore in July. They infused more than 11,366 crore in the Indian debt market, pushing the net inflow tally in the debt segment to more than the Rs 1 lakh crore mark in 2024 to date, according to...
With Rs 11.6 lakh cr wealth, Adani replaces Ambani as India’s richest
Gautam Adani Reliance Industries chairman and managing director Ambani's overall networth increased by 25 per cent to Rs 10.14 lakh crore, as per the 2024 Hurun India Rich List New Delhi: Recouping the dent caused by the Hindenburg Research report, Gautam Adani's...
Govt targets to open more than 3 crore PMJDY accounts during current financial year: Sitharaman
"Our target is to open more than 3 crore PMJDY accounts during the current financial year. The average bank balance per account in March 2015 was Rs 1,065, which has now increased to Rs 4,352. Around 80 per cent of the accounts are active, As many as 66.6 per cent of...
60-65 % of India’s household gold loans market still untapped, goes to unorganized market: Jefferies
Banks have traditionally dominated the organized gold loan market, holding over 75 percent of the market share. Nearly 80 percent of these are given for agricultural gold loans. In contrast, NBFCs have focused on retail gold loans against jewelry, with their share...
Unified Pension Scheme provides benefit of both old and new pension schemes: Govt
Government says the Unified pension scheme has the advantages of the previous old pension scheme and features of the new pension scheme. The UPS has provisions for a fixed pension amount, a guaranteed and predetermined sum of money that a retiree will receive...
Household real income continued to decline in recent months: Report
The report added that for now, however, the decline in real HH income, which accounts for 78 percent of GDP, suggests that any recovery will be gradual at best. This will likely continue to weigh on real GDP growth and present challenges for the banking sector New...
FIIs continue to be net seller, sold equity worth Rs 28,671 cr
In the first fortnight of August, FIIs were big sellers in financials in the country. Selling was witnessed in many other sectors, including metals on fears that economic slowdown in US and China will keep metal prices soft Mumbai: According to the National Securities...