"FIIs continued to pare holdings due to the narrowing yield spread...
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Wealth Management/ Philanthropy
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India witnesses surge in millionaires, outpacing Asia Pacific; eyes 55% rise by 2029
``India's wealth management market is undergoing a seismic shift,...
Indian stock market opens higher as geopolitical tensions ease
"The sharp reactions in the crude oil and stock markets suggest the...
28 IPOs worth Rs 38,000 crore to hit the street in second half of FY24
According to marketmen, the pack is led by OYO which is said to be looking to mop up over Rs 8,300 crore and Go Digit Insurance Mumbai: After a record 31 initial share sales in the first half of this fiscal, the IPO pipeline looks strong with 28 firms eyeing to raise...
Equity investors become poorer by Rs 2.95 lakh cr as markets fall
''If the US dollar and bond yields maintain their ascend, the downward trend may continue for some more time,'' Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd, said New Delhi: Investors' wealth eroded by Rs 2.95 lakh crore on Thursday as markets...
FPIs outflow in equities crosses Rs 10,000 cr mark in Sep on rising rates
"Since valuations remain high even after the recent pullback and US bond yields are attractive (the US 10-year bond yield is around 4.49 per cent) FPIs are likely to press sales so long as this trend persists," V K Vijayakumar, Chief Investment Strategist at Geojit...
Fed leaves rates unchanged at 5.25-5.50%, sees tighter policy through 2024
"Inflation remains elevated," the rate-setting Federal Open Market Committee (FOMC) said in a policy statement that included projections incorporating stronger economic and job growth than prior forecasts, and keeping prospects for a "soft landing" squarely in view...
Mutual funds attract 6% of household savings in FY23, shows RBI data
Net inflows into life insurance funds and small savings increased by 15 per cent and 7.5 per cent, respectively. Household investments in mutual funds (MFs) reached a record Rs 1.8 trillion during financial year 2023 (FY23), largely driven by strong inflows through...
Bitcoin logs over 700K transactions in single day after almost 2 years: Data
According to the data from Bitinforcharts, the number of daily active addresses reached a multi-month high on September 15, rising from 754,000 two years ago to a whopping 1.08 million San Francisco: Bitcoin has witnessed an extraordinary surge in transaction volume...
Household net financial savings at 47-year low in FY23
According to the Reserve Bank of India (RBI), household net financial savings (HHNFS) collapsed to just 5.1 per cent of GDP in FY23, marking the lowest level in 47 years since FY77, the report said New Delhi: Household financial borrowings in FY23 surged to 5.8 per...
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...