Mumbai: Crypto exchange platform CoinDCX on Thursday said it has...
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Equity mutual funds see record inflows at Rs 42,702 crore in July: AMFI data
Retail participation saw growth, with total mutual fund folios...
FPIs withdraw nearly Rs 18K cr from equities in August on trade tension
With this, the total outflow by Foreign Portfolio Investors (FPIs)...
Market investors become richer by Rs 7.95 lakh crore as stocks rally for 3rd day
''Nifty remained in positive territory throughout the session. Sentiments were lifted after credit agency Fitch, raised India's medium-term potential GDP growth estimates by 70 basis points. Majority of the sectors including the broader market ended in the green,''...
India among top countries with high income, wealth inequality: new UNDP report
In India, between 2000 and 2022, per capita income soared from USD 442 to USD 2,389. Whereas, between 2004 and 2019, poverty rates (based on the international poverty measure of USD 2.15 per day) plummeted from 40 to 10 per cent New Delhi: India has emerged among top...
India debut 50-year bond fully sold on increasing insurer demand
The nation’s burgeoning life insurance and pension fund industries, driven by an expanding middle class, are changing the landscape for India’s $1 trillion sovereign debt market. India’s yield curve has been nearly flat even amid record borrowing by the government as...
Crypto market shows signs of revival after FTX’s disastrous collapse
After peaking at $3 trillion in November 2021, the value of the overall crypto market plummeted through 2022, hitting a two-year low of $796 billion as FTX imploded. It has since clawed back some ground, hovering above $1 trillion most of this year. As of Thursday,...
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...