The insurance and reinsurance sector also experienced robust...
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Transparency, investor protection boost confidence in MF as retirement vehicle: ICRA Analytics
“Equity mutual funds have captured significant inflows due to...
Leading wealth managers can grow +20 % in core assets under management over the next 3yrs: Jefferies report
The report stated that healthy growth in the core wealth management...
Rising interest rates prompting more people to go in for term deposits:RBI Data
''Rising return on term deposits has been driving the compositional shift in bank deposits: the share of term deposits in total deposits increased to 60.3 per cent in December 2023 from 57.2 per cent in March 2023,'' it said New Delhi: Rising interest rates seem to be...
Sebi clears Fairfax-backed Digit’s IPO after delay
Prem Watsa, CEO, Fairfax Financial Digit now plans to market its IPO to prospective investors over the next month and targets a listing by May, said a person with direct knowledge of the matter It plans to raise Rs 12.5 billion rupees ($151 million) through its...
Foreign investors become net buyers in Indian stocks in February
"The resilience of the market is preventing the FPIs from selling aggressively despite attractive bond yields in the US," said V K Vijayakumar, Chief Investment Strategist, at Geojit Financial Services, recently New Delhi: Foreign portfolio investors who had...
India’s rural-urban income gap declines sharply amid fall in poverty level: SBI Report
The states once considered laggards are showing the maximum improvement in rural and urban gap. States like Bihar, Uttar Pradesh, Madhya Pradesh are showing increasingly the impact of these factors, the report adds New Delhi: Along with the sharp decline in poverty in...
Number of ultra-rich in India increases 6 pc last year to 13,263: Knight Frank
Knight Frank India Chairman and Managing Director Shishir Baijal said ''In a transformative era of wealth creation, India stands as a testament to thriving prosperity and burgeoning opportunities in the global economic spectrum. A remarkable surge in its UHNWI...
Hinduja Group to delist Reliance Capital from bourses, shares to be extinguished
“The liquidation value of the equity shareholder of RCL (Reliance Capital) is nil and hence, equity shareholders will not be entitled to receive any payment and no offer will be made to any shareholder of RCL,” according to an exchange filing by RCL Mumbai: Hinduja...
Allianz takes a larger wealth bet with stake in $68 billion manager AlTi
Allianz, one of the world’s largest financial services companies with €2.16 trillion ($2.33 trillion) in assets under management, joins a growing number of global firms building their focus on the wealth sector Allianz SE is making a strategic investment in money...
Number of stocks with over $1 bn M-cap nearly doubled to 500 since 2019
"The Indian equity markets are the only ones across the major emerging market (EM) economies which have consistently given more than 10 per cent annualised returns over the last 5-year/10-year/15-year/20-year periods. New Delhi: The market depth in India has increased...
Mcap of BSE-listed firms hits new peak at Rs 3.91 lakh cr; investors add Rs 2.20 lakh cr
''The fact that the crucial Buffet Ratio (market cap to GDP) is signalling very high valuation at above 120 per cent is a matter of concern. But this is unlikely to halt the bull run in the near-term since flows into the market from domestic individual investors and...
LIC launches specialised product for child education
Siddharth Mohanty(L), Chairman, LIC, Vivek Joshi(R), Secretary, Department of Financial Services, at the launching ceremony of LIC's Amritbaal The plan is specifically designed to have an adequate corpus to meet the higher education and other needs of a child Mumbai:...