Overall, global gold ETF inflows reached $8.2 billion in October,...
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SEBI flags over 1 lakh misleading investment messages under ‘Sebi versus Scam’ initiative
Sebi Chairman Tuhin Kanta Pandey warned that unregulated financial...
Generali Central Life Insurance launches Term ULIP
Generali Central Life Insurance (erstwhile Future Generali India...
Sensex crosses 80,000 in record opening, banking stocks lead rally
"Higher global markets are setting up a positive open for Indian markets today. Fed Chairperson Powell's comments gave a boost to US markets with a rate cut in September and December being factored in, even though Powell did not allude to any imminent rate cut. US...
Insurers achieve positive mid-year renewal outcomes, Global reinsurance capital reaches a new record of $695 billion by Q1 2024, says Aon
Aon Securities estimates that overall ILS capital increased to an all-time high of $110 billion through the second quarter, increasing from $108 billion at year-end 2023, with a record $46 billion of catastrophe bond limit on-risk. For the first time, more than $8...
Niva Bupa Health Insurance files draft prospectus with Sebi for a Rs 3,000 crore IPO
The IPO with a face value of Rs 10 each is a mix of fresh issuance of Rs 800 crore and an offer for sale of up to Rs 2,200 crore by promoter and investor selling shareholders.The offer for sale consists of up to Rs 320 crore by Bupa Singapore Holdings Pte. Ltd., and...
Indian equity markets surge nearly 14% in June quarter, leads in world top 10
Currently, the Indian equity market is the fifth largest stock market in the world with a market capitalisation of $5 trillion Mumbai: Indian stock indices gave a stellar performance in the June quarter of FY 2024-25. During the April- June period, Indian stock market...
Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery
Annually, India witnesses 80 lakh to 1 crore weddings, outstripping countries like China and the US, where wedding numbers rank much lower. In comparison, the US wedding industry is valued at USD 70 billion, and China's at USD 170 billion, while India's stands...
Nifty surpasses 24,000 for 1st time, Sensex goes past 79,000 after sharp bull run
The market capitalization of BSE-listed firms hit a lifetime high of Rs 4,38,41,960.73 crore (USD 5.25 trillion), with investors' wealth increasing by Rs 3.93 lakh crore in just four sessions. Noteworthy, it took the BSE benchmark merely two sessions to move from the...
Mutual funds gave over 17 per cent average returns in first half of 2024
In terms of returns, top mutual funds schemes were from the Midcap and smallcap categories Mumbai: Indian equity markets gave stellar returns in the first six months of 2024. The Sensex was up nearly 8 per cent and Nifty was up nearly 9 per cent so far this year. The...
Sensex, Nifty close at record high, media and energy stocks shine
Among the sectoral indices, media, energy, PSU bank, fin services and pharma were major gainers Mumbai: Indian equity indices closed at a record high on Wednesday following a rally in media and energy stocks. During the market hours, the Sensex and Nifty registered a...
Issuance of cat bonds set to hit a record this year
Catastrophe bonds are generally issued by insurers looking to pass a chunk of their risk over to capital markets. Issuance has picked up lately, with factors including climate change, population density and inflation adding to the potential losses that insurers face....
ULIPs should not be advertised as ‘investment products’, says IRDAI
Insurers will have to specifically state that market-linked insurance plans are different from traditional endowment policies and carry risks New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular barring the...