The 30-share BSE benchmark tumbled 3,939.68 points or 5.22 per cent...
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Investors’ wealth erodes by Rs 10 lakh cr as market benchmark indices sink over 1 pc
"The likelihood of retaliatory measures against the US has further...
Equity market volatility may persist long-term outlook remains constructive: Experts
"India seems better positioned relative to most Asian equities...
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...
Re-thinking well-being : How outlooks on life are changing in Asia
Prudential commissioned Economist Impact to write a report exploring how people in Asia, at a time of heightened uncertainty, assess different aspects of their well-being, including their physical and mental health, personal finances, social lives, and interaction...
LIC shares fall nearly 40 pc in first year of listing; investors’ wealth erode by Rs 1.93 lakh crore
“LIC’s IPO listed at a discount and has never seen the IPO price since then. It has massively underperformed the Nifty as well as its peers over the past year,” Deepak Jasani, Head of Retail Research at HDFC Securities, said New Delhi: Shares of the country’s largest...
Number of UHNWIs in India dip to 12,069 in 2022, to rise to 19,119 in 5 yrs: Knight Frank
In 2022, the global population of UHNWIs declined by 3.8 per cent, after a record climb of 9.3 per cent in 2021, as the wealth and the investment portfolio of the ultra-wealthy were impacted by economic slowdowns, frequent rate hikes and rising geopolitical...
Inflow in equity mutual funds drop 68% in April to Rs 6,480-cr
Overall, the 42-player mutual fund industry witnessed a sharp turnaround in April as it attracted Rs 1.21 lakh crore, on huge contributions from debt-oriented schemes, after seeing an outflow of Rs 19,263 crore seen in the previous month Mumbai: Inflow in equity...
EU plans tough ‘value for money’ rules for investment products – draft document
The draft law calls on EU securities watchdog ESMA and its counterpart for the insurance sector, EIOPA, to come up with benchmarks industry would have to use to show that the cost of a product is justified and proportionate Banks, insurers and asset managers in the...