The bench said section 23 of the Maintenance and Welfare of Parents...
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FPIs withdraw Rs 30,000 crore from equities in first fortnight in March
With these, the total outflow by FPIs has reached Rs 1.42 lakh...
Gold vaults $3,000 in rush for safety from market, political worry
"There will likely be increased flows into safe-haven assets like...
HDFC Life Insurance shares end over 6 pc higher
In a regulatory filing on Friday, HDFC Life Insurance Company has said that Reserve Bank of India (RBI) has permitted HDFC Bank or HDFC to increase their shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to...
Indian regulator plans to allow mutual funds with performance-based fees
According to the plan, the base fees currently charged for mutual funds would be reduced and additional charges would be based on performance Mumbai: India's market regulator is planning to permit a new category of mutual fund schemes where asset managers' charges...
Ultra-high net worth individuals put 6 pc of investable wealth in gold last year: Knight Frank
Gold has delivered a stellar returns of over 69 per cent in the past 5 years (From FY2019 to FY2023). The pandemic has resulted in a low interest rate, and easy liquidity strategy adopted by the global central banks gave a massive push to the prices, the consultant...
Demographic Dividend: India races to get rich before it gets old as population surpasses China’s
Health care is just one illustrative pressure point. Today, India has about five hospital beds per 10,000 people. The ratio in China is about eight times that, and analysts say India will take decades just to reach the level where China currently stands A fleeting...
Mutual Funds’ SIP collection rises 25 pc to Rs 1.56 lakh crore in FY23
''SIP inflows for FY23 stood at Rs 1.56 lakh crore, a growth of 25.2 per cent on a year-on-year basis, with the highest-ever inflow in March at Rs 14,276 crore. With benchmark indices remaining volatile and flat for the year, investors choose mutual funds as the...
U.S. SEC sees decentralized crypto platforms as exchanges, seeks public input
The SEC voted 3-2 to take additional comments from the public after crypto firms criticized the plan as vague and aimed at roping in decentralized finance platforms, also known as DeFi platforms that would otherwise not be subject to the regulator’s oversight...
Mutual funds invest Rs 1.82 lakh cr in equities in FY23 on strong push from retail investors
The Indian retail investors have warmed up to equity mutual funds and in fact, these have become their preferred investment option in volatile times. SIPs (Systematic Investment Plans) continue to be a popular investment method among retail investors Mumbai: Mutual...
Post office savings schemes compete with bank FDs after 3 hikes in rates by govt
The return on post office term deposits of two years under the small savings schemes is 6.9 per cent, the same as offered by most banks on deposits of similar maturity New Delhi: Post office term deposits, which were fetching lesser returns than bank FDs in the recent...
RBI to set up portal to search across multiple banks for unclaimed deposits
About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to RBI by public sector banks (PSBs) in respect of deposits which were not operated for 10 years or more Mumbai: The Reserve Bank on Thursday announced to set up a centralised portal to...
Mukesh Ambani ranks 9th in Forbes World’s Billionaires List 2023, highest in Asia
While Forbes' global count of billionaires slipped from 2,668 last year to 2,640 in 2023, the tally in India improved from 166 in 2022 to 169 this year. Forbes noted that falling stocks, wounded unicorns and rising interest rates translated into a down year for the...