"The availability of diverse investment products, such as mutual...
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High crypto investors seek bodyguards to deter kidnappers
People with crypto wealth face unique physical risks because public...
Why can’t Centre formulate ‘clear cut’ policy to regulate cryptocurrency? asks SC
“Why does Centre not come out with a clear cut policy on regulating...
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Outflows in debt mutual funds continue, Rs 13,815-cr withdrawn in Feb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...
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...