"This strategic initiative aims to enhance the depth, quality, and...
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Gold shows structural shift as volatility falls, rate sensitivity weakens: Llama Research
New Delhi: Volatility in gold prices has declined and its response...
Florida focused insurtech Slide plans to $340 million US IPO
Slide and some of its existing stakeholders are looking to raise up...
Wealth Management: Record year for India’s $585 billion Mutual Fund industry
As the unforeseen gift of a pandemic-led boom in retail investing keeps on giving, and India’s $4.1 trillion equity market continues to grow — benchmark indexes are poised to cap a record eighth year of gains — industry veterans see mutual funds attracting a bigger...
Mutual funds roar back in 2023: Rs 9 lakh cr surge in asset base on strong mkts, eco growth
Investors have shown confidence in SIPs, with inflows surging to an impressive Rs 1.66 lakh crore in the year. This has surpassed the entire amounts for 2022 (Rs 1.5 lakh crore), 2021 (Rs 1.14 lakh crore), and 2020 (Rs 97,000 crore) Monthly inflows through SIP, which...
FPIs pour 57,300-cr in equities in Dec on political stability, robust economic growth
The robust inflow from FPIs into the Indian stock markets can be attributed to various factors. Primary among these are political stability and positive sentiments prevailing in the Indian markets,said Himanshu Srivastava, Associate Director- Manager Research,...
Govt grants one-time exemption to LIC to achieve 25 pc MPS in 10 yrs
LIC stock jumped over 7 per cent to reach its 52-week high in morning trade on Friday after getting a one-time exemption to achieve 25 per cent Minimum Public Shareholding (MPS) within 10 years. The stock climbed 7.25 per cent to reach its 52-week high of Rs 820.05 on...
Reliance biggest wealth creator, Adani Ent top all-round creator: Study
The study, based on stock market performance of companies, said for the fifth time in succession, Reliance emerged as the largest wealth creator, adding Rs 9,63,800 crore wealth over 2018-23 It was followed by Tata Consultancy Services (Rs 6,77,400 crore wealth...
FPIs flood Indian equity markets, infuse Rs 1.5 lakh crore in 2023 despite global uncertainty
Going forward, as the general elections approach next year, political stability and economic growth will become focal points for foreign investors. Besides, global cues on the inflation and interest rate scenario would dictate the flow of foreign money into Indian...
Small cities to play key role in achieving resolve of developed India by 2047: PM Modi
The government is committed to saving money for urban families, be it exemption in income tax or low-cost treatment. The inclusion of crores of urban poor in the Ayushman Bharat initiative has helped them save Rs 1 lakh crore on medical expenses. Medicines were made...
By 2047, India to remain a lower middle country if growth remains 6%: Rajan
"We will start the process of aging at some point around that time, which leads to the alarming question if we don't grow faster, we will grow old before we grow rich, which means we all have all the burdens of an aging population to deal with also at that point,"...
Investors richer by Rs 2 lakh cr as Sensex scales 71,000-peak
Optimistic trends in global markets after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year along with continuous foreign fund inflows have been fuelling the rally in stocks Foreign Institutional Investors (FIIs) bought...
Modi seeks to revive hinterland finance hub with new sweeteners
New rules that will likely take effect in April next year will allow direct equity listing of Indian firms at GIFT City – those that aren’t already listed at exchanges in India – K Rajaraman, chairperson, International Financial Services Regulatory Authority (IFSCA),...