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...
Tata AIA Life Insurance expands new fund Offering Suite
Tata AIA Life Insurance (Tata AIA) has announced range of new funds including Emerging Opportunity Fund, that will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth. The applications for ULIP plans with...
Financialisation of savings to jump to 74pc of GDP by FY27: Crisil Report
Directed efforts at financial inclusion, digitalisation, a longer-term trend of rising middle-class disposable incomes, and government incentives on these instruments have better channelled these savings to the industry have also helped, the report said....
Fed lifts rates by half percentage point, sees economy nearing stall speed
The U.S. central bank's projection of the target federal funds rate rising to 5.1% in 2023 is slightly higher than investors expected heading into this week's two-day policy meeting and appeared biased if anything to move higher WASHINGTON: The Federal Reserve raised...
MF industry seeks management of pension, provident, insurance funds
''We want the government to allow the mutual fund industry to manage funds of pension, provident and insurance firms. This will help the MF industry ensure greater efficiency in managing the resources in a cost-effective manner. The industry can achieve the target of...
Inflows via mutual funds SIP hit fresh high at Rs 13,306 cr in Nov
The Assets Under Management (AUM) of the 43-player industry rose to a record high of Rs 40.37 lakh crore at the end of November from Rs 39.5 lakh crore at the end of October. Mutual fund folios, which have been touching all-time highs since the last three months,...
Cryptoverse: Forget crypto winter, this is a bitcoin ‘bloodbath’
It's been a brutal year for investors. Bitcoin's price has dropped 63%, while the overall cryptocurrency market capitalization has lost $1.63 trillion in value. The collapse of Sam Bankman-Fried's FTX exchange hammered a long nail into the market. "I'm nearly...
Global regulators to target crypto platforms after FTX crash
“The sense of urgency was not the same even two or three years ago. There are some dissenting opinions about whether crypto is a real issue at the international level because some people think that it’s still not a material issue and risk.Things are changing and due...
LIC expects a profit of $4.9 bn from equity sales in 2022-23: Chairman
"The change in product mix is clear indicator of our efforts in maintaining our market leadership position. We hope that sooner or later the markets will value our efforts that are making the results that are visible," said MR Kumar,chairman,LIC Mumbai: Life Insurance...
FTX collapse ensnares creditors big and small all over the world
Creditors entangled in the meltdown of FTX, which was once one of the biggest crypto exchanges in the world, include a Frankfurt-based financial institution. It remains unclear just how much money will be generated from the wind-down of FTX, and it’s possible that...
Ongoing turmoil in cryptos a reminder of huge risks attached: Singapore central bank
The Singaporean central bank, in the statement, added, the most important lesson from the FTX debacle is that dealing in any cryptocurrency, on any platform, is "hazardous". Singapore: The ongoing turmoil in the crypto industry serves as a reminder of the huge risks...