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Why can’t Centre formulate ‘clear cut’ policy to regulate cryptocurrency? asks SC
“Why does Centre not come out with a clear cut policy on regulating...
Mutual fund assets surge 23% to hit record Rs 65.74 trillion in FY25
The systematic investment plans (SIPs) were popular among investors...
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...
India sees 7 pc drop in gold demand in Apr-Jun qtr due to record high prices: WGC
"We remain cautious about gold demand as it faces uncertainties due to elevated local prices and slowdown in discretionary spending," said Somasundaram PR, regional chief executive officer of WGC's Indian operations Gold demand in 2023 could fall 10% from a year ago...
Foreign portfolio investments stay bullish on India; put in Rs 153,539 cr in 2023-24
In 2020-21, 2021-22, and 2022-23, the net FPI investments were Rs 267,100 crore, Rs (-) 122,241, and Rs (-) 40,936 crore, respectively New Delhi: Foreign Portfolio Investors (FPIs) have pumped Rs 153,539 crore in India so far in 2023-24 as Indian equity markets...
FPIs stay invested in Indian equities; put in Rs 43,800 cr this month
India is the largest recipient of FPI flows year-to-date among emerging markets, Geojit's Vijayakumar said Apart from equities, overseas investors injected Rs 2,623 crore into the Indian debt market during the period under review Indian equity markets continue to draw...