The RBI data showed a clear trend of increasing preference for term...
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True North, Krishnan Ramachandran sell 10 pc stake in Niva Bupa Health for Rs 1,507 cr
DSP Mutual Fund acquired more than 4.96 crore shares in four...
Despite interest surge in gold, institutional investors remain hesitant: Report
Investment-related demand for gold that increased by 170 per cent...
US SEC approves bitcoin ETFs in watershed for crypto market
Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone. Other analysts have said inflows will be closer to $55 billion over five years WASHINGTON/NEW YORK: The U.S. securities regulator on Wednesday approved the...
‘What is good for another market need not be good for us’, says RBI Guv Das on crypto regulations
Shaktikanta Das,Governor,Reserve Bank of India His remarks come against the backdrop of the US Securities and Exchange Commission approving changes to allow the creation of bitcoin exchange-traded funds in the US Mumbai: Reserve Bank Governor Shaktikanta Das on...
Medi Assist sets Rs 397-418 price band for its Rs 1,172 crore IPO, to open on Jan 15
Those selling shares in the offer for sale include Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II Ltd, Bessemer Health Capital LLC, and Investcorp Private Equity Fund Mumbai: Medi Assist Healthcare Services, the Bessemer...
MFs’ AUM at Rs 50 lakh cr, add Rs 10 lakh cr in 2023
The industry saw net inflows of Rs 2.7 trillion in 2023 as compared to an inflow of over Rs 71,000 crore in the preceding year. The huge inflow could be on the back of sustained investor interest in equity funds, arbitrage funds, and index funds & ETFs Mumbai: The...
Indian tax payers migrating to higher range of total gross income: SBI Research report
The number of ITRs filed by people earning between Rs 10 lakh and Rs 25 lakh has increased by 291 per cent, the report said. Total number of persons filing Income tax increased to 74 million in the assessment year 2022-23 from 70 million in 2021-22 Mumbai: The income...
Delhi’s per capita income rises over 14 pc to Rs 4,44,768
Delhi has the highest minimum wages in the country -- Rs 17,494 for unskilled, Rs 19,279 for semi-skilled, and Rs 21,215 for skilled workers -- and the government increases these wages every six months, the statement said. Delhi's per capita income increased from Rs...
FPIs infuse Rs 4,800 crore in equities In 1st week of Jan on strong economic confidence
This came following a massive investment of Rs 66,134 crore in December and Rs 9,000 crore in November. Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven...
World Bank raises GBP 1.5 billion in 5-year sustainable development bond
According to the World Bank, this Sustainable Development Bond aims to generate GBP 1.5 billion from investors, contributing to the financing of the World Bank's initiatives for sustainable development solutions in its member countries London: The World Bank,...
GIFT City grants its first approval to Azim Premji’s family office to invest its capital overseas
Azim Premji, non-executive member of the board and founder chairman of Wipro Dozens of applications for family investment fund that allow families to make investments across various asset classes and instruments offshore, are still pending with GIFT City authorties,...
Gold expected to move much higher in 2024
"We expect an eventual rise to USD 2,400 in 2024, and if the rupee is to be stable, gold is likely to reach around Rs 70,000 levels. As India faces elections, the rupee could weaken as Foreign Institutional Investors (FIIs) are expected to lighten up their portfolios,...