Insurance companies are in talks with the authorities to convert...
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Canara HSBC Life Insurance files for an IPO, PNB to exit JV
Canara HSBC Life Insurance Company is a joint venture promoted by...
Hybrid mutual fund schemes’ inflow moderates in FY25 amid market turbulence
The NAVs (net asset valued) of hybrid funds typically experience...
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...
Hacks, exploits cause over $100 mn in crypto losses in April: Report
According to the blockchain and smart contract security company CertiK, the total funds hackers managed to drain in April from crypto projects was $103.7 million, bringing the total year-to-date loss to $429.7 million New Delhi: More than $100 million worth of...
Retail investors’ avg ticket size declines to Rs 68,321 in FY23
Going by the data, the contribution of small towns or B30 cities to mutual fund industry's assets under management of over Rs 40 lakh crore stood at 17 per cent as of March-end. Moreover, B30 (beyond top 30 cities) tend towards equity assets with 79 per cent of the...
Jio Financial Services plans IPO in Oct
Jio Financial Services along with host of various financial services companies will also float one life insurance and one general insurance company Mumbai: Reliance Industries Ltd. is planning to list its digital financial services unit,Jio Financial Services, as soon...