The industry’s total assets under management also grew, touching Rs...
Category:
Wealth Management/ Philanthropy
Latest
Loans against gold jewellery recorded triple-digit growth rates since February 2025: RBI Bulletin
A sharp rise in gold-backed lending in recent months points to a...
India emerges as best-performing capital market globally in last decade: BCG Report
"India's capital markets are no longer just riding macro momentum....
Shriram Life Insurance launches affordable annuity plan
Shriram Life Insurance has launched an affordable annuity plan that balances long-term savings growth along with insurance protection. Individuals aged 40 and up until the age of 75 can purchase Shriram Life Deferred Annuity Plan, which offers tax benefits as well as...
Stock market has risen 4 times in last 10 yrs : Piyush Goyal
Piyush Goyal, Union Minister of Commerce Goyal said that technological progress in the drone industry will help combat erratic weather patterns and assist farmers in getting higher quality and higher quantity yields. New Delhi: Stock market has risen four times in the...
India now has over 300 Family Offices from 45 in 2018 with smaller cities in focus: Report
Family Offices have also evolved into holistic service providers, championing ESG and technology for sustainable wealth New Delhi: Driven by robust economic growth in India, the country now has over 300 Family Offices as against 45 in 2018 who are catalysing the...
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...