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Investors’ wealth surges by Rs 12.26 lakh cr in 4 days of market rally
In the past four days, the benchmark has jumped 2,162.11 points or...
Make GIFT IFSC more competitive to attract foreign investments: FM Sitharaman
Sitharaman visited IFSC at GIFT City in Gandhinagar on Thursday and...
Market sentiment remains cautious amid West Asia crisis
Of the total FPI AUM of around $ 652 billion financial services account for $213 billion and IT accounts for $ 64 billion. It is important to note that stock prices in these segments are weak due to FPI selling and not due to any fundamental factors New Delhi: In the...
Sensex plunges more than 800 points to fall below 64k mark
In the whole of October, the Sensex has plunged over 2,600 points so far leaving investors poorer by Rs 9.8 lakh crore in the month.. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services said there is risk-off in global equity markets triggered...
Cat bond market is defying the global selloff with record returns
Big reinsurers like Swiss Re and Munich Re, as well as some real-economy companies, have increasingly looked to cat bonds as they try to protect themselves from once-in-a-lifetime disasters. In July, Blackstone Inc. turned to cat bonds to shield property assets from...
FPIs take out Rs 9,800 crore in October on rise in US bond yields, geopolitical uncertainties
Going ahead, the trajectory of FPIs' investments in India will be influenced not only by global inflation and interest rate dynamics but also by the developments and intensity of the Israel-Hamas conflict, Himanshu Srivastava, Associate Director - Manager Research,...
Wealth Management: Digitally empowering relationship managers key to growth of business, Accenture
“With growing investable wealth in India, banks and wealth management firms have a huge opportunity for growth. It is imperative that they digitally empower their relationship managers using generative AI and intelligent automation so they can significantly step up...
Insurtech InsuranceDekho raises $60 million at $650mn valuation
“We will use this money for M&A opportunities, to build a strong tech product team, for branding and we’re going to use it to open new business lines like getting into reinsurance,” Ankit Agrawal, the founder and chief executive officer of InsuranceDekho, said in...
Equity mutual funds record significant net inflows in Sep
While the overall net flows experienced a dip in various categories, it is noteworthy that thematic/sectoral funds extended their positive trend into the current month, attracting the highest net inflows New Delhi: Inflow into equity mutual funds slumped by over 30...
Ambani pips Adani to become richest Indian on Hurun list
Mukesh Ambani, Chairman, Reliance Industries Pune-based Cyrus Poonawalla of vaccine maker Serum Institute of India has retained the position as the third wealthiest Indian, with a 36 per cent jump in the fortune at Rs 2.78 lakh crore, while Shiv Nadar of HCL...
Stock market faces drastic dip amid global concerns
Varun Aggarwal, founder and managing director, Profit Idea, said, "Israel War, Global tensions, Rising Interest Rates, Crude Oil Prices making markets weak. Indian markets closed on a weaker note due to a lot of concerns and uncertainty. It is important for Nifty to...
FTX used Python code to fake its insurance fund figure: Co-founder
FTX's insurance fund was designed to protect user losses in case of huge, sudden market movements Washington: The collapsed crypto exchange FTX used hidden Python code to misrepresent the value of its insurance fund, according to court testimony by FTX co-founder,...