DIIs have been a strong buyer absorbing the selling and mitigating...
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Niva Bupa eyes Rs 2,200-crore via IPO; Sets price band at Rs 70-74/share
Krishnan Ramachandran, managing director (MD) and chief executive...
Muhurat trading signifies positive investor sentiment for Indian markets
Despite the recent fall in the markets, the optimism during the...
Sensex surges to record high, investors gain Rs 6.24 trillion
"Markets were on a roll on the back of across-the-board buying as the US interest rate cut has triggered a downward spiral in both Indian and US bond yields, making India's financial assets more attractive," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd,...
U.S. Fed slashed interest rates by half a point in its first cut since 2020, more expected
Fed Chair Jerome Powell Policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, another full percentage point in 2025, and by a final half of a percentage point in 2026 to end in a 2.75%-3.00% range Washington:...
Rate cut to be based on long-term inflation trajectory: RBI Governor
Shaktikanta Das, Governor, Reserve Bank of India I would like to sort of step back and look more carefully at what is the future trajectory of inflation and growth, and based on that, we will take a decision," Reserve Bank of India (RBI) Governor Shaktikanta Das...
Indians earning over Rs 10 crore per annum up 63 %, Rs 5 crore per annum up 49 %: Centrum
"The wealth of rich Indians is growing at a rapid pace; between FY19 and FY24, the number of Indians earning over Rs50 mn grew by 49 percent to 58,200, while those earning over Rs100 mn increased by 63 percent to around 31,800," said the report New Delhi: The number...
India’s household debts surge on back of housing loans, rising trend of unsecured lending
As per the report, as of FY23, India's household debt has reached 38 per cent of GDP, reflecting a growing trend in household leverage. The report noted that the household debt is linked to real estate, such as homes and properties and it is driven by investment...
Sebi introduces centralized fee collection mechanism for investment advisers, research analysts
Under this mechanism, clients will pay fees to Investment Advisers (IAs) and Research Analysts (RAs) , through a designated platform or portal administered by a recognised Administration and Supervisory Body (ASB), the regulator said in a circular Mumbai: Market...
FPIs inject Rs 27,856 cr in equities in Sep so far on US rate cut expectations
Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they pulled out Rs 34,252 crore in April-May New Delhi: Foreign investors have infused Rs 27,856 crore in domestic equities in the first fortnight this month, owing to...
Institutional investors put in bids worth Rs 2,300 cr for GIC Re OFS
Based on indicative price of Rs 395.03 for the bids, institutional investors put Rs 2,284 crore bids for GIC Re shares as of 3:20 pm on Wednesday. Retail investors will get to bid in the OFS on Thursday New Delhi: Institutional investors on Wednesday placed bids...
Govt to sell 7% stake in GIC Re tom, to mop up Rs 4,701 cr
“Retail investors and GIC employees can bid on Thursday. The government will divest 3.39 per cent equity with an additional 3.39 per cent as green shoe option,” Secretary, Department of Investment and Public Asset Management, posted on social media platform X ...
India needs to avoid financialization as it marches towards Viksit Bharat goal, says Nageswaran
V Anantha Nageswaran, Chief Economic Advisor "Unprecedented levels of public and private sector debt, some visible to regulators and some not, economic growth dependent on continued increase in asset prices to offset the leverage that have built up and hence a massive...