Despite this overall dip, Mumbai and Delhi saw a growth of 0.11 per...
Category:
Wealth Management/ Philanthropy
Latest
Insurance companies plan $41 bn trade switch to bond forwards
Insurance companies are in talks with the authorities to convert...
Canara HSBC Life Insurance files for an IPO, PNB to exit JV
Canara HSBC Life Insurance Company is a joint venture promoted by...
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...
Domestic investors holding declined in June quarter
According to Pranav Haldea, Managing Director, Prime Database Group, this was on account of profit booking by LIC, mutual funds as also retail and HNI investors with markets reaching all-time highs. Net inflows from DIIs stood at just Rs 3,368 crore during the quarter...
MFs go slow on NFOs; file draft papers for 59 schemes in Apr-Jul
Retail investors' mutual fund holdings surged by 20.5 per cent year-on-year to nearly Rs 25 lakh crore at present. This growth was fuelled by investments in equity schemes, exchange-traded funds (ETFs) and Funds of Funds (FoFs) amid positive market sentiment In terms...
FPIs take a breather; withdraw Rs 2,000 cr in first week of Aug
'A sharp spike in the US 10-year bond yield above 4 per cent is a near-term negative for capital flows to emerging markets,'' Geojit Financial Services Chief Investment Strategist VK Vijayakumar said. If the US bond yields remain high, FPIs are likely to continue...
Big central banks hike again with end of tightening in sight
Upcoming decisions are on a knife-edge. Pausing too early could cause financial conditions to loosen too fast, re-igniting inflationary pressures. Stopping too late could trigger a credit crunch and a recession. So far, nine developed economies have raised rates by a...
Mahila Samman Savings Certificate: 14.8 lakh accounts opened just in few months
MSSC account may be opened by women of any age group including the girl child with a minimum deposit of Rs 1000 and a maximum deposit of Rs 2 lakhs for a period of two years New Delhi: Around 14.8 lakh accounts under Mahila Samman Savings Certificate Scheme have been...