The survey of 150 ultra high networth individuals said that the US,...
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New Income Tax Bill to be introduced in monsoon session: FM Sitharaman
The simplification exercise was guided by three core principles...
Underinsurance Survey 2025: Shifting life insurance trends
Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance The survey...
Mutual funds invest more than Rs 2,400 crore in equities in May
According to the data available from the Securities and Exchange Board of India (Sebi), mutual funds infused a net sum of Rs 2,446 crore in equities as compared to a net withdrawal of Rs 4,533 crore in April New Delhi: After withdrawing capital from equities in April,...
Inflow in equity mutual funds hit 6-month low of Rs 3,240 cr in May on profit booking
''Profit booking in rising market along with probable expenses towards vacation, education could have led to lower investments in mutual funds in May,'' Manish Mehta, National Head and Sales, Marketing and Digital Business at Kotak Mahindra Asset Management Company,...
US tightens crackdown on crypto with lawsuits against Coinbase, Binance
If successful, the lawsuits could transform the crypto market by successfully asserting the SEC's jurisdiction over the industry which for years has argued that tokens do not constitute securities and should not be regulated by the SEC. The top U.S. securities...
FPIs investment hit 9-month high at Rs 43,838 cr in May on strong domestic macro-outlook, reasonable valuation
Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said the latest net inflows are largely driven by the strong domestic macro-outlook, reasonable valuation of the Indian equities, and a good earning season signifying better growth...
Wall Street cashing in on the ultra-wealthy
In the past 10 weeks, JPMorgan Global Wealth Management opened 40,000 new accounts New York: Concerns of a possible global recession are deepening as heightened inflation and interest rates act as a brake on spending, while geopolitical strife adds to a sense of...
Canadian pension fund CDPQ puts brakes on China investment – FT
The Financial Times in February reported that Singapore's sovereign wealth fund GIC has reduced private investments in China Canada's second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its...
Census unlikely before Lok Sabha polls; citizens to be asked about smartphones, Internet, cereals
The questions in the Census include whether a family has a telephone line, Internet connection, mobile or smartphone, bicycle, scooter or motorcycle or moped, whether it owns a car, jeep or a van The citizens will also be asked what cereal they consume in the...
Foreign investors continue to remain net buyer in Indian stocks for third month
In 2022, foreign portfolio investors sold Rs 121,439 crore worth of stocks in India on a cumulative basis, the historical data available on the NSDL website showed Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the third...
LIC shares settle nearly 2 pc higher after Q4 earnings
The surge in annual profit in FY23 was helped by a jump in the second quarter bottomline to Rs 15,952 crore. It was due to a transfer of Rs 15.03 lakh crore to shareholders' accounts at the end of September Mumbai: Shares of LIC on Thursday ended nearly 2 per cent...
FPIs bring in Rs 30,945 cr in May on strong economic fundamentals
With this, net inflows by Foreign Portfolio Investors (FPIs) reached Rs 16,365 crore in 2023 so far, data available with the depositories showed Foreign investors have put in Rs 30,945 crore in the Indian equities in May so far, driven by strong macroeconomic...