The report stated that healthy growth in the core wealth management...
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SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
The overall net assets under management (AUM) of the mutual fund...
91pc of individual traders lose money in equity derivatives in FY25 Sebi study
The study indicated that the net losses of individual traders...
Sensex hits all-time high; Nifty scales 21,000 mark post RBI policy decision
"Monetary policy was on expected lines. The Monetary Policy Committee (MPC) kept its stance the same as withdrawal from accommodation to ensure taming inflation under target. However, at the same time, the RBI highlighted the risk of over-tightening in the backdrop of...
RBI holds rates, raises GDP growth forecast to 7 pc, no plan to loosen interest rates
"The Indian economy presents a picture of resilience and momentum. Growth remains resilient and robust, surprising everyone. There is no plan to loosen interest rates as inflation continues to be the top priority for the central bank," ," Reserve Bank of India (RBI)...
LIC reclaims Rs 5 lakh cr market cap; stock hits 52-week high
''We believe that LIC has a strong marketing agency force, while most focus has been on par policies, the agency team is capable of selling non-par policies as well,'' the analyst said Mumbai: The Life Insurance Corporation of India on Thursday reclaimed market...
Equity benchmarks’ record run continues; Nifty nears 21,000 points
"During the medium-term, in the run up to the general elections, the market is likely to move up aided by three factors -- expectations of political stability after the elections; favourable domestic macros like strong GDP growth, declining inflation, stable interest...
Sensex surges beyond 69k mark as nifty rockets with 400-point rally: Investors’ wealth rises by Rs 2.4 lakh crore
Foreign portfolio investors acquired stocks worth Rs 2,073.2 crore, while domestic institutional investors remained net buyers in the last two sessions, purchasing stocks totalling Rs 4,797.1 crore, according to NSE data. Gold prices reached new highs in Monday's...
Equity benchmark indices jump more than 1 pc to hit life-time peaks
The market capitalisation of all listed companies on BSE surged by Rs 4.09 lakh crore to Rs 341.76 lakh crore BJP's clear majority in Madhya Pradesh, Rajasthan and Chhattisgarh state elections further fuelled the positive sentiment built up last week on the back of...
“We are likely to come out with a set of pension regulations soon”
Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for its next phase of growth. The first phase followed the creation in 2020 of a new regulator, the International Financial...
UBS sees shift in new billionaires away from entrepreneurs to inherited wealth
"This is a theme we expect to see more of over the next 20 years, as more than 1,000 billionaires pass an estimated $5.2 trillion to their children," said Benjamin Cavalli, head of strategic clients at UBS Global Wealth Management Number of billionaires rose by 7% to...
After Munger’s death, Berkshire succession comes into focus
Ajit Jain,Vice Chairman, Insurance Operations, Berkshire Hathaway Charlie Munger's death, on Tuesday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Warren Buffett's top...
Mcap of BSE-listed firms hits record high of USD 4-trn club
While the BSE benchmark Sensex has rallied 5,333.46 points, or 8.76 per cent, so far this year, the market capitalisation (mcap) of all listed firms at its platform has jumped Rs 48.67 lakh crore Mumbai: For the first time, the combined market capitalisation of...