Tuhin Kanta Pandey, Chairman, SEBI “As a regulator, SEBI has laid...
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Markets surge for 4th day; Sensex reclaims 78k-level amid US-Japan tariff talks, FII inflows
Foreign Institutional Investors (FIIs) bought equities worth Rs...
Equity MF inflow drops 14 pc to Rs 25 082 cr in Mar
According to data released by Association of Mutual Funds in India...
India Retirement Index: Urban India sees a significant upward movement
Prashant Tripathy, managing director & CEO, Max Life said, “This edition shows progress in India’s retirement preparedness, which also signals the country’s stronger economic resilience. Today's working population will be tomorrow's large, retired population. And...
Cryptoassets increase risk in developing economies: BIS study
“Cryptoassets hold out the illusory appeal of being a simple and quick solution for financial challenges” especially in emerging markets, but “have so far not reduced but rather amplified the financial risks in less developed economies,” the BIS report showed...
12% of sitting MPs of RS billionaires, highest percentage from AP, Telangana: ADR
The total assets of seven Members of Parliament (MPs) analysed from Telangana is Rs 5,596 crore, that of 11 MPs from Andhra Pradesh is Rs 3,823 crore, and 30 MPs analysed from Uttar Pradesh have total assets worth Rs 1,941 crore New Delhi: About 12 per cent of sitting...
Reliance’s financial unit to list on bourses on Aug 21
The company will primarily operates in the NBFC market and credit market segment and has strategic plans to expand its operations into insurance, digital payment, and asset management verticals Mumbai: Jio Financial Services, the demerged financial services unit of...
ESG funds continue to see outflow; Rs 520 crore pulled out in June quarter
Continuing the trend of outflow, the year-to-date 2023 withdrawal was at Rs 1,060 crore as compared to Rs 1,020 crore in the preceding year. This is in contrast to the infusion of Rs 1.83 lakh crore for the year to date in the overall fund market New Delhi:...
Life insurance: New CBDT rules on calculating income for policies with premium exceeding Rs 5 lakh
According to the change, for policies issued on or after April 1, 2023, the tax exemption on maturity benefits under Section 10(10D) will only be applicable if the aggregate premium paid by an individual is up to Rs 5 lakh a year New Delhi: The Income Tax department...
After short breather; FPIs invest in equities on global uncertainty, concerns over China
''Since the markets have rallied smartly during the last three months, some profit booking by FPIs would be rational and can be expected, ''VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said New Delhi: Foreign Portfolio Investors (FPIs)...
Inflow in mutual fund SIPs at record high of Rs 15,245 cr in July
''The surge in retail investors' interest in mutual funds has translated into impressive inflow across scheme categories. The star performer this month has been SIP, with an impressive over 33 lakh new SIP accounts registered and a record Rs 15,215 crore of monthly...
R Thyagarajan: Tycoon who gave away $750 million sees poor bankable
R Thyagarajan R Thyagarajan is arguably one of the world’s most idiosyncratic financiers — in no small part because his multibillion-dollar business, the Shriram Group, has thrived in an industry that tripped up countless others around the globe A pioneer in extending...
US insurers invested in fossil fuels as climate risks to underwriting mount -report
A data sample comprising 77% of U.S. insurers showed they held fossil fuel-related assets worth $536 billion in 2019, and patterns are unlikely to have changed dramatically since then, according to sustainability consultancy ERM, investor advocacy group Ceres and...