This came following a net outflow of Rs 78,027 crore in January....
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Buffett’s Berkshire posts record profit on insurance, investments
Warren Buffett, chairman, Berkshire Hathaway "You really saw the...
Amfi launches 3 initiatives to boost MF accessibility, financial literacy, investment recovery
Venkat Chalasani, Chief Executive, Amfi The MITRA (Mutual Fund...
‘Piglets’ investments turn sour for scores of investors
According to one of the FIRs lodged with the Economic Offences Wing (EOW) of the Delhi Police, Mangat Ram Maini, a resident of Firozpur in Punjab, as well as his relatives and associates allegedly defrauded investors to the tune of hundreds of crores. New Delhi:...
Demat accounts up 41 pc to 10.4 cr in Oct; incremental additions slowing down
Lesser number of new initial public offerings (IPOs) hitting markets this year compared to 2021 has also contributed to the lower number of demat accounts being opened in the last few months, he added. The number of demat accounts rose to 10.4 crore in October, 41 per...
FTX’s Bankman-Fried, celebrity promoters sued in US by crypto investors
The proposed class action filed late Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the U.S When the crypto exchange faltered on liquidity concerns, U.S. investors sustained $11 billion in...
Need high regulatory standard globally to deal with crypto risks: Yellen
Janet Yellen,US Treasury Secretary "We need a high regulatory standard globally, we need to take steps to reduce the cost of cross-border payments and we are very actively working in the context of financial stability with Financial Action Task Force and multilateral...
China’s super-rich see fortunes plunge as economy slows
The Hurun Rich list, which ranks China's wealthiest people with a minimum net worth of 5 billion yuan ($692 million), said only 1,305 people made the mark this year, down 11% from last year. Their total wealth was $3.5 trillion, down 18% Meanwhile, the number of...
India has the largest gender wealth gap in APAC:WTW Report
In APAC, the gender wealth gap is the largest in India at 64%. The study found that one of the contributing factors for this can be the significant gender pay gaps in the country, which exceed the global average, particularly for professional and technical roles....
US Fed eaises rate by 75 bps to over a decade high at 3.75-4.0% in fight against inflation
Russia's war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic activity The statement added that the assessments would take into...
India’s gold demand dips as inflation hits rural buyers
The drop could bring down India's total gold consumption in 2022 to around 750 tonnes, down 6% from last year's 797.3 tonnes, he said India's demand for gold rose 14% from a year ago to 191.7 tonnes in the quarter through September as festivals drove jewellery sales,...
Foreign investors turn net sellers in India for second month
In September, foreign investors sold Rs 7,624 crore worth of equities in India, data from National Securities Depository Limited showed. So far in 2022, they sold Rs 170,375 crore worth of stocks on a cumulative basis New Delhi: Foreign portfolio investors have...
LIC plans to create a $22bn fund to pay bonus and dividend boosting its battered stock: Report
The transfer, if concluded, would boost LIC's net worth by about 18 times from its current value of about 105 billion rupees and top the net worth chart among insurers, including SBI Life and HDFC Life, both the officials said. New Delhi: State owned Life Insurance...