Mukesh Ambani,Reliance Industries Chairman and Managing Director...
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India’s household savings to generate inflows of $ 9.5 trillion into financial assets in next 10 years: Goldman Sachs
Out of the total inflows, Goldman Sachs expects a large portion,...
Over 75% NRIs stay invested beyond 5 yrs, outpace resident Indians in long-term commitment: Report
The average monthly SIP amount for NRI clients at FinEdge stands at...
BNP Paribas in talks to buy AXA Investment Managers for 5.1 bln euros
This represents a major strategic move for AXA, Europe’s second-biggest insurer, as it aims to focus on its core businesses: life insurance, savings, property and casualty policies as well as health insurance Paris: BNP Paribas is in exclusive talks with French...
VC investment in India surge in April-June as China faces huge decline
The IPO market in India continued to be robust. The capital markets saw all-time highs during Q2’24, feeding the appetite of venture companies looking to raise funds in the public markets New Delhi: Venture capital (VC) investment in India surged considerably to $4...
Fed leaves rates unchanged, nods to possible September cut
Fed Chair Jerome Powell While Fed officials are wary of any actions that could mar their data-not-politics approach to setting monetary policy, the steady drop in inflation in recent months prompted a broad consensus that the inflation battle was near an end...
Niti Aayog meet: Goa’s per capita income has increased manifold, says CM Sawant
“The per capita income of Goa has increased manifold from Rs 2,41,893 in the year 2013-14 to Rs 5,96,260 in 2022-23 (Q),” the chief minister told the 9th governing council meeting of the think tank, chaired by Prime Minister Narendra Modi Panaji: Goa’s per capita...
Union Budget offers income tax sops for 4 crore salaried individuals
The standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000. The deduction on family pension for pensioners is proposed to be enhanced from Rs 15,000 to Rs 25,000/-. This will provide relief to about four crore salaried...
FPIs invest Rs 30,772 cr in equities in July so far on sustained growth
The anticipation of a reform-oriented budget has also lifted investor sentiment, Himanshu Srivastava, Associate Director - Manager Research at Morningstar Investment Research India, said New Delhi: Foreign investors injected Rs 30,772 crore into Indian equities so far...
Household savings are choosing mutual funds, insurance and pension funds over banks to invest savings: RBI Governor
``While bank deposits continue to remain dominant as a percentage of the financial assets owned by the households, their share has been declining, with households increasingly allocating their savings to Mutual Funds, Insurance Funds, and Pension Funds" New Delhi:...
Sharp selloff hits Indian stock market, investors lose Rs 8 lakh crore
Due to the fall in the market, the market cap of the Bombay Stock Exchange (BSE) declined to Rs 446.3 lakh crore at the end of trading, against Rs 454.3 lakh crore at the end of the previous trading session Mumbai: The Indian equity market witnessed a sharp selloff on...
The fund managers Cat modeling keep winning bets
Karen Clark, co-founder and chief executive officer of the Boston-based firm that carries her name, says the cumulative effect of past climate change is an 11% jump in insured losses related to hurricanes. Her firm’s projections to 2050 suggest that climate change...
Mutual funds raise Rs 14,370 crore via new fund offers in June
Investment in the mutual fund industry is continuously increasing. In June, inflow figures stood at Rs 40,608 crore. There was an inflow of Rs 34,697 crore in May with NFOs investment of Rs 9,563 crore Mumbai: Mutual fund industry witnessed strong inflow via new fund...