"In order to address those concerns, the board has decided that if...
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Wealth Management/ Philanthropy
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Investors’ wealth swells by Rs 27.10 lakh cr as mkts surge for 6th day
FIIs also increased their long positions in index futures, with the...
FPI outflows ebb amid easing global concerns, optimism over Ukraine war
Last week, FPIs turned net buyers on two occasions, with a...
NPS, APY subscribers rise 23 pc in FY23; over 1 cr customers added under Atal Pension Yojana
Of the total 6.24 crore subscribers currently, 23.86 lakh and 60.72 lakh are central and state government employees, respectively. Corporate subscribers stood at 16.63 lakh New Delhi: The number of subscribers under the National Pension Scheme (NPS) and Atal Pension...
Equity mutual funds inflows hit 9-month high at Rs 15,685 crore in Feb
Backed by healthy inflow into equity funds, the mutual fund industry saw an inflow of Rs 9,575 crore in February 'With interest rates expected to rise from the current levels, debt funds continued to witness outflows as investors churn their allocation between short...
Investors wealth tumbles Rs 2.67 lakh cr in early trade
Heavy selling in financials, banking, IT and capital goods shares triggered by weak Asian markets and overnight losses in the US market dragged down the benchmark indices, analysts said Mumbai: Stock investors wealth eroded by more than Rs 2.67 lakh crore in early...
India’s per capita income doubles since 2014-15
As per the National Statistical Office (NSO), the annual per capita (net national income) at current prices is estimated at Rs 1,72,000 in 2022-23, up from Rs 86,647 in 2014-15, suggesting an increase of about 99 per cent In real terms (constant prices), the per...
Investors’ wealth climbs Rs 3.43 lakh crore on market rally
''The sentiment was further lightened as FIIs turned in strong buyers,'' Vinod Nair, Head of Research at Geojit Financial Services,'' said Vinod Nair, Head of Research at Geojit Financial Services Foreign Portfolio Investors (FPIs) bought shares worth Rs 12,770.81...
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...