Sanjay Malhotra,Governor, Reserve Bank of India The Reserve Bank on...
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LIC’s equity investment stands at Rs16.76 trillion till June 30, sees marginal decline in equity holding in Q1FY26
India’s largest institutional investor, Life Insurance Corporation...
Finance Act 2025 provides substantial relief under new tax regime: Minister
The Finance Act, 2025, has increased the income threshold for...
Investors’ wealth eroded by Rs 5.12 lakh crore in four straight days before Lok Sabha outcome
''Nifty dropped by 183 points, marking the fourth consecutive decline as election jitters triggered intense selling. The Sensex fell by nearly 668 points to 74,503,'' said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Mumbai: Investors' wealth eroded by...
Life insurance set to boom as interest rates surge, says Swiss Re
Jérôme Jean Haegeli, Group Chief Economist, Swiss Re Swiss Re Institute forecasts an additional USD 1.5 trillion in global insurance savings premiums over the next decade, as consumers are moving to buy life-savings products that secure higher retirement incomes. As a...
Go Digit shares settle with over 12 pc premium in debut trade
The stock began the trade at Rs 281.10, up 3.34 per cent from the issue price on the BSE. During the day, it climbed 15.44 per cent to Rs 314. Shares of the company ended at Rs 305.75 apiece, up 12.40 per cent New Delhi: Shares of Go Digit General Insurance Ltd,...
Mutual Funds invest Rs 1.3 lakh crore in equities in 2024 on strong mkt performance
"Additionally, the steady increase in SIP contributions, which reached a new peak of Rs 20,371 crore in April 2024, indicates that investors are becoming more disciplined and confident in the market," Feroze Azeez, Deputy CEO, Anand Rathi Wealth Ltd, said Mutual funds...
Digit’s Rs 2,614.65 crore IPO oversubscribed 9.6 times, to list on BSE on NSE on 23rd May
As per the combined bid details put out by the BSE at the close of Day-3, Go Digit General Insurance Ltd was subscribed 9.60X overall, with best demand coming from the QIB Segment, followed by the HNI / NII segment and the Retail segment in that order. The QIB portion...
Promoters divest 1.8 % stake in PB Fintech for Rs 1,109 cr
The shares were picked up by a clutch of domestic mutual funds (MFs), insurance companies, and foreign investors. The entities that purchased stake are HDFC Mutual Fund (MF), Axis MF, HDFC Standard Life Insurance, ICICI Prudential Life Insurance, Abu Dhabi Investment...
FPIs withdraw Rs 28,200 cr from Indian equities on poll jitters
There are two main reasons why FPIs have been selling in FY2025. First, there's uncertainty about the general elections. FPIs generally don't like uncertainty; they prefer to play it safe and lock in the profit they made last year. Second, the market valuations are...
Buffett ends suspense, reveals Berkshire’s $6.7 billion stake in insurer Chubb
Warren Buffett, chairman, Berkshire Hathaway Buffett’s Berkshire is deeply familiar with the insurance industry, owning a range of companies including Geico and National Indemnity. The billionaire investor has called Berkshire’s property-casualty insurance operation...
World’s super-rich club now has 15 members with fortunes over $100 billion
The combined net worth for these people is up 13 per cent this year to $2.2 trillion, according to the Bloomberg Billionaires Index, beating the pace of inflation and the broader stock market. Between them, they hold nearly a quarter of the wealth of the world’s 500...
Norway sovereign wealth fund excludes Adani Ports from over ethical concerns
Norges said it decided to exclude Adani Ports due to "unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict" Norway's central bank said on Wednesday that its executive board has decided to exclude...