Provisional NSE data indicates that mutual funds, banks, insurers,...
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Stock market decline wipes out Rs 11.21 lakh cr from investors’ wealth in 3 days
"The Sensex ended Friday's trade on a subdued note, slipping 270.92...
Reliance Jio to launch IPO in first half of 2026, expand business overseas: Mukesh Ambani
Mukesh Ambani,Reliance Industries Chairman and Managing Director...
Small-cap mutual funds’ assets soar 83 pc to Rs 2.43 lakh crore in FY24 on retail investor boom
The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.9 crore in March 2024 from 1.09 crore a year ago, adding an investor base of 81 lakh. This shows investors' inclination for small-cap funds New Delhi:...
Aditya Birla Capital to scale up life and health insurance business: Kumar Mangalam Birla
Kumar Mangalam Birla, chairman,Aditya Birla Group ``Our Health Insurance business is one of the fastest growing Standalone Health Insurance players driven by a unique ‘Health-first’ model. It also raised capital in FY23 from a marquee sovereign wealth fund, ADIA. This...
Hong Kong approves first bitcoin, ethereum spot ETFs
The step comes just three months after the U.S. launched the first U.S.-listed ETFs to track spot bitcoin. The U.S. launch set an example for other regions as it has already drawn roughly $12 billion in net inflows Hong Kong: Hong Kong's securities regulator approved...
Liquidity from global equity markets fuelling fresh investment in gold
“Concerns over the length and breadth of the equity rallies worldwide have led some investors, including large institutional investors, to hedge their bets by safeguarding equity portfolios with some gold,'' global bank HSBC said in its research note New Delhi: The...
Sensex tanks over 900 points on concerns over Middle East conflict weak global trends
"There are many headwinds that will weigh on markets today: the renewed conflict in the Middle East, proposed changes in the India-Mauritius tax treaty and the hotter-than-expected US inflation are negatives," said V K Vijayakumar, Chief Investment Strategist, Geojit...
LIC sees 59 pc jump in value of investments in Adani stocks
The value of LIC’s investment in seven Adani group companies has soared from ₹38,471 crore as on March 31, 2023 to ₹61,210 crore on March 31, 2024, registering an increase of ₹22,378 crore, according to stock exchange data LIC, the State-owned insurance behemoth, has...
Nippon Life’s Singapore-based arm gets regulatory nod to operate in India
Hiroshi Shimizu, president, Nippon Life Insurance ``India is an important market for Nippon Life due to its status of as the world's most populous country and promising growth prospects. We will continue to contribute to the development of the life insurance and asset...
Equity mutual funds attract Rs 22,633 cr in March; SIP hit fresh high at Rs 19,187 cr
Systematic Investment Plan (SIP) monthly inflow rose to a fresh high of Rs 19,270 crore during the month under review from Rs 19,187 crore in February. Total SIP contribution stood at Rs 2 lakh crore, an uptick of 28 per cent over the previous year NEW DELHI: Equity...
Mcap of BSE-listed firms hit Rs 400 trn milestone after rally in equities
"Indian markets are benefiting from domestic flows, a strong macro and expectation of policy continuity with a focus on infrastructure buildout, import substitution and export promotion. Foreign flows are expected to turn positive and accelerate in the second half of...
Sebi cracks down on finfluencer, orders to impound Rs 12 cr ‘unlawful gain’
In its interim order issued on Friday, the regulator noted Ravindra Bharti Education Institute was involved in imparting advice relating to investing in, purchasing, selling or otherwise dealing with insecurities or investment products in lieu of consideration....