In the past four days, the benchmark has jumped 2,162.11 points or...
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Make GIFT IFSC more competitive to attract foreign investments: FM Sitharaman
Sitharaman visited IFSC at GIFT City in Gandhinagar on Thursday and...
Three days of sharp market rally makes investors richer by Rs 9.70 lakh cr
"FIIs continued to pare holdings due to the narrowing yield spread...
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...
Bajaj Allianz Life declares bonus of Rs 1,201 cr to policyholders in FY23
As many as 11.43 lakh participating policyholders out of its total of 3.5 million policyholders will benefit from the announcement, it added. Mumbai: Bajaj Allianz Life on Wednesday said it has declared a bonus of Rs 1,201 crore to participating policyholders for the...
India calls for global coordination to effectively regulate cryptocurrency
Nirmala Sitharaman,Union Finance Minister "The underlying principle is because the digital currencies are completely digitalised and technology-driven, the technology, which is very distributed, and sometimes identity is very difficult to be established, but which has...
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...