"FIIs continued to pare holdings due to the narrowing yield spread...
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India witnesses surge in millionaires, outpacing Asia Pacific; eyes 55% rise by 2029
``India's wealth management market is undergoing a seismic shift,...
Indian stock market opens higher as geopolitical tensions ease
"The sharp reactions in the crude oil and stock markets suggest the...
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,...
FPIs inject Rs 1.7 trn into Indian equities in 2023, uptick in flows in Dec
The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in inflows of Rs 66,134 crore in December. Going forward, FPI flows are expected to be robust. However, their allocation is likely to be selective, said Kislay Upadhyay - smallcase...
2024: Equity market set for eventful journey on LS polls, interest rate trajectory
In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent Mumbai: With tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with...
IPO ahoy! 54 of 59 issues return 45% in 2023; just 4 trading below issue price
Analysts say strong macroeconomic fundamentals, political stability, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the...
Once synonymous with poverty, Odisha eyes high-income status by 2036
The latest Multidimensional Poverty Index report released by NITI Aayog reveals that Odisha along with Uttar Pradesh, Bihar, Madhya Pradesh and Rajasthan has recorded the steepest decline in poverty in terms of health, education and standard of living conditions...
All in a year: Equity market investors turn richer by Rs 80.62 lakh crore in 2023
Experts said India's strong macroeconomic fundamentals, political stability owing to the BJP's success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next...