The initiative will reduce unclaimed assets in the Indian...
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Investors’ wealth erodes by Rs 3.44 lakh cr as mkts crash
"Indian equities faced sharp declines on the first trading session...
Japan to give crypto assets legal status as financial products, Nikkei says
As part of the move, crypto assets will be put under insider...
ESG Ideas: Embedding Sustainable Returns
Although, the critics of ESG investing are of the view that higher compliance and disclosure burden put such businesses at a disadvantage to their peers, data suggests otherwise Mohit Ralhan, Chief Executive Officer TIW Capital ESG points to three impact factors...
HDFC Bank to focus on bundled products for its customers: CEO
''Savings accounts, personal loans, insurance cover, SIPs can all be bundled along with a home loan to create a compelling value proposition to the customer, that probably does not exist in the market at the scale at which this is envisaged,'' said HDFC Bank managing...
Equity benchmark indices hit fresh peaks; Sensex breaches 67,000-mark in intra-day trade
"The bulls continued to lift the market to new heights, but volatility emerged in the second half due to concerns over valuation. Rapid fall in the dollar index and a slide in the US 10-year yield are supporting liquidity in emerging markets. While disappointing...
India needs average annual growth of 7.6 pc to become developed nation by 2047: RBI article
It also said that to become a developed country by 2047, India’s per capita GDP needs to rise by 8.8 times from the current level. In other words, the current per capita GDP of USD 2,500 needs to rise to to USD 22,000 Mumbai: India could become a developed country by...
Global rules leave Crypto firms with no place to hide: G20 Watchdog
The European Union has already approved the world’s first comprehensive set of rules for cryptoasset markets, but the FSB’s ‘global baseline’ minimum standards are designed to accommodate jurisdictions that want to go further Globally agreed rules leave crypto firms...
FPIs infuse Rs 30,600 cr in Indian equities in the first fortnight of July
The incessant buying by FPIs could be attributed to a variety of factors such as the country's robust economic growth, strong corporate earnings, and relatively competitive valuations of Indian equities compared to other markets, Sonam Srivastava, Founder of Wright...
Investors prefer small-cap mutual funds over large-cap; invest Rs 11,000 cr in June quarter
The small-cap category in the mutual fund space has given impressive returns with a compound annual growth rate (CAGR) of 30-37 per cent for one year, 40-44 per cent for three years, and 18-21 per cent for five years Mumbai: Mutual funds focused on small-caps have...
Signs ‘crypto winter’ ending as regulatory fog begins to lift
"The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. "And by what we have seen in the last 24 hours, it could be for the better." Cryptocurrencies were testing year highs on Friday as a run of...
Sensex closes above 66,000-mark for 1st time, Nifty settles at new record high on FII inflows
''The controlled inflation in the US has instilled optimism among investors that a 25-bps rate hike would be adequate to stabilise the US economy. This improved prospect has contributed to the strong buying of Indian IT stocks despite muted Q1 earnings. Furthermore,...
India registers remarkable reduction in poverty with 415 million people coming out of it in 15 years: UN
According to the 2023 release, 1.1 billion out of 6.1 billion people (just over 18 per cent) live in acute multidimensional poverty across 110 countries. Sub-Saharan Africa (534 million) and South Asia (389 million) are home to approximately five out of every six poor...