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...
Rural households prefer savings instruments over term insurance plans: Max Life Survey
Saving for children’s education and marriage emerged as top savings objectives, multiple anxieties around savings and expenditures for the future abound The low uptake of life insurance products in rural Indian can be primarily attributed to inadequate funds to buy...
Credit Suisse crisis likely to make rich Indians nervous to deal with international wealth managers
This year, Citigroup Inc. exited its retail operations in India through a sale to Axis Bank, transferring all its wealth management business to the country’s third-largest private sector lender In addition, in the past decade, Credit Suisse’s new buyer — UBS AG,...
UBS to buy Credit Suisse for nearly USD 3.25B to calm turmoil in global financial markets
Credit Suisse is among the 30 financial institutions known as globally systemically important banks, and authorities worried about the fallout if it were to fail Authorities sought an agreement before markets opened again in Asia Geneva:Banking giant UBS is buying...
Bank turmoil poses a $600 billion question for battered investors
Bank investors have largely been selling first and leaving that question for later. Around $600 billion dollars of market value has evaporated from the 70 biggest US and European banks since March 6, a period that’s seen the collapse of Silicon Valley Bank, Credit...
Bitcoin jumps to highest since June as rally gathers pace
Major cryptocurrencies have been buoyed in recent days by U.S. authorities announcing plans to limit the fallout from the collapse of Silicon Valley Bank (SVB). U.S. authorities' action helped stabilise the major USDC stablecoin, whose issuer Circle had deposits of...
Scientists agree that money can buy happiness
"In the simplest terms, this suggests that for most people larger incomes are associated with greater happiness," said lead author Matthew Killingsworth from from the University of Pennsylvania "The exception is people who are financially well-off but unhappy. For...
Market turmoil leaves investors poorer by more than Rs 4.4 lakh crore
The failure of the Silicon Valley Bank in the US has triggered concerns about the financial system even though the regulatory authorities concerned are working on ways to manage the situation. The crisis has also come at a time when the central banks are embracing a...
Outflows in debt mutual funds continue, Rs 13,815-cr withdrawn in Feb
''With the central bank's focus on moderating inflation, the monetary policy has been tailored to ensure a disinflation process. Despite expectations around the February rate hike of 25 basis points likely being amongst the last, largely owing to a moderation around...
Billions worth of crypto trades at risk as shutdown of 3 banks takes toll
Liquidity, or ease of trade, for Bitcoin-to-dollar and Bitcoin-to-Tether transactions on some US exchanges has dipped between 35% and 45% from the beginning of March to Saturday, according to research firm Kaiko. Meanwhile, crypto companies have been scouring for...
PhonePe receives payment aggregator licence, reaches $1 trillion annualised payment value run rate
PhonePe is making significant investments in new businesses like insurance and wealth management, while also enabling the next wave of growth for UPI payments in the country, the statement said New Delhi: Digital payments platform PhonePe has achieved an annualised...