This growth, according to the Goldman Sachs report, will translate...
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DII buying in India surpasses Rs 5 lakh crore mark for 2nd consecutive year
Provisional NSE data indicates that mutual funds, banks, insurers,...
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...
FPIs injects over Rs 40,000 cr in Indian equities on strong economic growth
The inflows came following a modest investment of Rs 1,539 crore in February and an outflow of Rs 25,743 crore in January, data with the depositories snowed New Delhi: FPIs came back strongly to invest in the Indian equity markets, buying shares worth Rs 40,710 crore...
Equity MFs inflow nears 2-yr high at Rs 26,866 cr in Feb on strong NFO push
''As we delve into the Feb 2024 data, we observe that there is a surge in SIP accounts, totalling 8.20 crore with 49.79 lakh new SIP registrations. This underscores investors' unwavering commitment to disciplined wealth accumulation,'' Venkat Chalasani, Chief...
India to grow at 6.8 pc in FY’25, to become upper middle-income country by 2031
"A projected average expansion of 6.7 per cent in this period will make India the third-largest economy in the world and lift per capita income to the upper-middle income category by 2031," Crisil said.India, with a GDP size of USD 3.6 trillion, is currently the fifth...
Jeff Bezos overtakes Elon Musk as world’s richest person
Jeff Bezos, executive chairman, Amazon Elon Musk’s net worth is down $31.3 billion in the last year while Bezos net worth is up $23.4 billion New Delhi: Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per...
Bajaj Allianz Life Small Cap Quality Index Fund launched
Bajaj Allianz Life, one of the leading private life insurers has launched the Bajaj Allianz Life Small Cap Quality Index Fund NFO which aims to leverage the growth opportunities in Small Cap Equities. The fund objective is to provide investors capital appreciation by...
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...