Lto R--Ajay Seth, Finance secretary, Sanjay Malhotra, Governor,...
Category:
Wealth Management/ Philanthropy
Latest
Crypto crime spills over from behind the screen to real-life violence
While crypto thefts are not new, the use of physical violence is a...
Bank deposits grew by 10% in FY25, growth decline from 13% recorded in FY24: RBI Data
The RBI data showed a clear trend of increasing preference for term...
Equity investors lose Rs 2.89 lakh crore in two days of market fall
''The domestic markets remained under pressure due to rising US bond yields and a stronger greenback. Concerns reigned over upcoming Fed policy, interest rate trajectory and rising oil prices. Bank Nifty underperformed today due to rising cost of funds and reduction...
Chinese police detain staff of Evergrande wealth unit
The detentions come as China started a campaign against illegal fundraising to protect consumers. Li Yunze, head of China’s National Administration of Financial Regulation, vowed in a Friday speech to deal with a number of major cases to protect the rights and...
FPIs continue to be net sellers in September
Since the market is at record highs and valuations are high FIIs are likely to press sales in the coming days New Delhi: FPIs continue to be net sellers in September. As per NSDL data, in September through 15th, FPIs sold equity for Rs 4,768 crores. This figure...
Unmarried, widowed daughter entitled to deceased father’s estate not divorced daughter: HC
"An unmarried or widowed daughter is recognized to have a claim in the estate of the deceased, but a 'divorced daughter' does not feature in the category of dependents entitled to maintenance," a bench of Justices Suresh Kumar Kait and Neena Bansal Krishna said New...
Mutual fund SIPs touch record high in Aug, RBI’s CRR move impacts debt AUMs: AMFI
The overall AUM for retail investors' bets on equity and hybrid schemes was at Rs 24.38 lakh crore across 12.30 crore portfolios as at end-August Mutual fund SIPs touch record high in Aug, RBI's CRR move impacts debt AUMs: AMFIInvestors poured in a record Rs 15,813...
IMF-FSB paper pitches for coordinated action to deal with cryptocurrencies
The policy roadmap suggested by the paper to mitigate cryptocurrency risks includes building institutional capacities beyond G20; enhancing global coordination, cooperation and information sharing; and addressing data gaps necessary to understand the rapidly changing...
Global crypto regulations focus at G20 summit
Regulations are expected to help investors harness the potential benefits of crypto-assets while mitigating associated risks by addressing security, consumer protection, financial stability and international cooperation issues Kualalumpur: Ongoing crypto market...
Sebi working on AI tool to curb misselling by mutual funds: Buch
''We are working on the question of misselling that may happen by a mutual fund distributor or an agent or by someone who is the responsibility of the mutual fund,'' Madhabi Puri Buch said while speaking at the fourth Global Fintech Fest Sebi has proposed a...
India, Singapore defy declining global wealth trend, why?
India was one of few countries which experienced a wealth increase and along with Russia, Mexico and Brazil saw the largest wealth expansion. In terms of wealth per adult, Switzerland continues to top the list followed by the USA, Hong Kong, Australia and Denmark...
Gujarat witnesses 49% surge in crorepati taxpayers
Comparatively, the count of individuals with taxable income exceeding Rs 1 crore surged by 4,500, reaching a record-breaking figure of 14,000, as indicated by official statistics, in contrast to the 9,300 individuals in the same bracket in the preceding year of 2021....