Over the past two decades, India’s real per capita financial assets...
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Nearly 73 pc rural households expect income growth by next year: Report
“While the consumption-led buoyancy in the rural economy continues,...
Maharashtra tops India’s wealth map with 1.78 lakh millionaire households: Report
Delhi stands second on the list with 79,800 millionaire households...
Equity mutual fund inflow hits almost 2-yr high of Rs 21,780-cr in Jan
The flow in January was the highest since March 2022, when equity-oriented mutual funds witnessed an inflow of Rs 28,463 crore. Also, the latest flow marks the 35th consecutive month of net inflows in equity funds New Delhi: Equity mutual funds experienced a net...
TCS expands 15-yr strategic partnership with UK’s Aviva, to service over 5.5 million policies
Doug Brown, CEO Insurance, Wealth & Retirement, Aviva said,“Extending this strategic partnership will improve how we serve our customers, further simplify our operations and support our growth ambitions. It will allow us to rationalize our systems and improve...
Number of people earning over ₹1 crore rises to 2.16 lakh in 2023-24
Minister of State for Finance Pankaj Chaudhary further said the total number of individuals who reported income from ’Profession’ in AY 2023-24 stood at 12,218, up from 10,528 reported in AY 2022-23 New Delhi: The number of people earning above ₹1 crore annually has...
LIC shares cross Rs 1,000 mark, GIC re touches issue price of Rs 433 for the first time
The shares of New India Assurance(NIA) also rose almost 10 per cent and closed at Rs 265.10 in BSE New Delhi: The upward share prices of Life Insurance Corporation of India (LIC) and GIC Re, state-owned multinational reinsurer, on Monday brought cheers to the retail...
Investors dig into India’s stock market as China flounders, discount risks
Global investors' desire to own a piece of the brightest market in the emerging world has been the catalyst, says Remi Olu-Pitan, head of multi-asset growth and income at asset manager Schroders, but that has meant an under-appreciation of the vulnerability and risks...
Thousands of accounts at Paytm Payments Bank set up improperly – sources
The Reserve Bank of India (RBI) is concerned that some of the accounts could have been used for money laundering, Multiple accounts at Paytm Payments Bank were linked to the same identification proof and that transactions in those accounts ran into millions of rupees....
Constant taunts over financial limitations grounds for divorce: Delhi HC
The court observed: "Pressurising a spouse to fulfill distant and whimsical dreams clearly not within his financial reach may create a sense of persistent dissatisfaction, which would be sufficient mental strain to drain the contentment and tranquillity out of any...
Foreigners turn cautious on India stocks as selling crosses $3 bn
In 2023, global investors bought $21.4 billion of Indian shares on a net basis, the largest total in three years, with over 40 per cent of foreign inflows coming during the last two months of the year Mumbai: Foreign investors’ January sale of Indian stocks reached...
LIC’s $30 billion market rally gives IPO investors chance at redemption
Gains in India’s broader equity market have been a boon to LIC, also the country’s largest investor with funds of more than $100 billion. An improved outlook for its premium business and prospects of a higher dividend payout has also spurred interest in the shares,...
Mutual funds’ collects Rs 63,854 cr through NFOs in 2023
''The trend towards the financialisation of assets in India is unmistakable. Aligned with changing consumption behaviours and a need for a higher standard of living, investors recognise the importance of long-term investing,'' Asset management companies launched 212...