A major reason for this decline mentioned by the report is the drop...
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Crypto trading booms in India’s interiors as job growth, incomes disappoint
Overall, India's crypto market is expected to grow to more than $15...
Govt seeks merchant bankers for selling equity in public sector banks financial institutions
As per the RFP (request for proposal) floated by DIPAM, the...
LIC recoups losses as Adani Group shares rise
The value of LIC's shareholding in the Adani Group stocks has risen by about Rs 9,000 crore since and at Friday's closing price, it stands at Rs 39,068.34 crore, according to information available on the stock exchanges Mumbai: State-owned Life Insurance Corporation...
Social sector spending by rich drops despite increase in wealth: Report
Going forward, the private philanthropic giving in India is estimated to grow at 11 per cent per annum and reach 1.86 lakh crore in FY27, the report said In the last five years, total social sector expenditure in India has seen an annual growth of 15 per cent per...
53 pc Indians likely to buy art, watches, luxury handbags in 2023; art tops in passion investment: Report
Among the ten passion investments, Knight Frank said art was the top performer with a return of 29 per cent in a 12-month period ending December 2022. More than half of ultra-high net worth individuals (UHNWIs) in India are likely to purchase art along with watches...
Bajaj Finserv gets SEBI license to commence mutual fund business
Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv, said, the approval from SEBI is strategically important for the company as it enables the firm to complete its suite of financial solutions for retail customers Mumbai: Financial services firm Bajaj...
First time in many years, fixed deposit rates turn positive at 8%
The rates are better even from other angles, too, as one-year post office deposit fetches a low 6.6 per cent and 6.8 per cent for two years, while the 10-year government securities yield just 7.35 per cent Mumbai: As banks' chase for customers to collect cheap...
Investors’ wealth plunges Rs 10.42 lakh crore in 7 trading sessions
Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities Ltd, said weak Asian markets cues and worsening global macro economic indicators like higher inflation level, rising interest rates and volatile commodity prices are forcing investors to slash...
National Pension System: Investing for Retirement
An impending challenge employees or workers may face in India, is the risk of inadequate pension arrangements after retirement from work. As a fallout, individuals may either be required to put severe curbs on their post-retiral expenses or continue working beyond the...
India asks IMF, FSB to prepare technical paper on regulating crypto
Despite the rapid evolution of the crypto universe, there is no comprehensive global policy framework for crypto assets. Given the concerns over greater interconnectedness between crypto assets and the traditional financial sector as well as the complexity and...
Investors’ wealth plunges Rs 8.30 lakh crore in 6 trading sessions
Foreign Institutional Investors (FIIs) offloaded shares worth Rs 1,417.24 crore on Thursday, according to exchange data "The domestic market is broadly demonstrating a lack of confidence, registering its sixth consecutive day of losses despite global markets turning...
Sebi proposes to introduce 5 new categories under ESG funds
''AMCs should endeavour to have a higher proportion of the assets under the ESG theme and make suitable disclosures,'' the Securities and Exchange Board of India (Sebi) said in its consultation paper issued on Monday. Mumbai: Capital markets regulator Sebi has...