"Investors (in India) are concerned about the cost of living and...
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DIFC’s re/insurance gross premium rises 35% to $3.5bn in 2024
The insurance and reinsurance sector also experienced robust...
Transparency, investor protection boost confidence in MF as retirement vehicle: ICRA Analytics
“Equity mutual funds have captured significant inflows due to...
SEBI open to oversight of crypto trade, in contrast to Reserve Bank
Sebi said it could monitor cryptocurrencies that take the form of securities as well as new offerings called Initial Coin Offerings (ICO). It could also issue licenses for equity market-related products, said the person aware of the panel's discussions Mumbai: India's...
Digit raises Rs. 1,176.59 crore from anchor investors
Out of the total allocation of 4,32,57,009 equity shares to the anchor investors, 1,44,96,570 equity shares were allocated to 11 domestic mutual funds through a total of 23 schemes amounting to almost Rs 394.31 crore which is 33.51 per cent of the total anchor book...
FPIs pull out a massive Rs 17,000 cr from Indian equities
While FPIs may adopt a cautious stance until the election results are clear, favourable outcomes and established political stability could see their return in significant numbers, Trivesh D, COO at Tradejini, said Mumbai: Foreign investors pulled out a massive Rs...
Gold ETFs witness first outflow since March 2023 amid profit-taking
''In INR terms, gold has done fairly well over the last year but dwarfs in comparison to how equities have fared. Given this backdrop, flows in the Gold ETF category have been somewhat patchy relative to the equity asset class. That said, investors could have opted to...
India poised to become world’s third largest consumer market by 2026 outpacing Germany, Japan
Euromonitor data reveals that in 2023, around 40 million individuals, constituting 4 per cent of the population aged 15 years and above, belonged to the affluent category, with an annual income exceeding USD10,000 India is set to solidify its position as a global...
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...