There are talks around about tariff on gold which also has sparked...
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Wealth Management/ Philanthropy
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Equity investors’ wealth erode by Rs 18 lakh cr in 6 days of market fall
During the day, the benchmark tanked 905.21 points or 1.18 per cent...
Mutual fund SIP inflows cross Rs 26,000 crore mark for 2nd month in a row
Equity mutual fund inflows declined by nearly 4 per cent monthly to...
Singapore says crypto ban not feasible, proposes risk mitigation measures
While putting out the regulatory measures in the public domain, the Singaporean central bank said though trading in cryptocurrencies is "highly risky" and not suitable for the general public such digital assets play a supporting role in the broader digital asset...
Govt nudges LIC to tweak product strategy for better investor return
The finance ministry in its performance review has been sensitising the LIC management about the steps that could be taken to better investor wealth and focus on non-participating products or term plans to improve profitability New Delhi: The government is nudging LIC...
IndiaFirst Life Insurance files draft papers to raise funds via IPO, size could be between Rs 2,000 crore and Rs 2,500 crore
BOB, India's third largest PSU bank, holds 65 per cent stake in the company, followed by Warburg Pincus affiliate Carmel Point Investments India that owns 26 per cent stake and Union Bank of India that has 9 per cent shareholding Mumbai: Bank of Baroda-promoted...
Combined wealth of India’s 100 richest on Forbes list rises to USD 800 billion: Report
Mukesh Ambani, who controls Reliance Industries, the energy to telecom giant, is at number two with USD88 billion, down 5per cent from last year. Between them, Adani and Ambani now account for 30per cent of the total wealth of India's 100 richest Mumbai: The...
Rise and fall of ‘Covid Billionaires’, 26 from Asia
Out of the 58 Covid billionaires, 26 have citizenships in Asia, 18 hail from the US and Canada, and 10 from Europe. Just two are female: Falguni Nayar — founder of India’s first woman-led unicorn to go public, beauty retailer Nykaa — and Denise Coates, the co-CEO and...
NHAI InVIT subscribed by 6.69 times
InvITs are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that provides cash flows over a period of time New Delhi; National Highways Infra Trust's investment instrument NHAI InvIT, sponsored by the state-owned...
India’s festival gold sales to shine less brightly this year, says WGC
Indians bought a record 344 tons of gold over the period, and sales are unlikely to match that this year, PR Somasundaram, regional chief executive officer at the London-based organization, told Bloomberg Television in an interview on Tuesday India’s gold sales during...
Crypto hackers set for record year after looting over $3 billion: Report
At least $718 million has been stolen so far in October alone, taking the gross tally for the year past $3 billion and putting 2022 on course to be a record for the total value hacked, according to blockchain specialist Chainalysis Inc. Most of the targets are...
Mental, physical & financial resilience improving, says New HSBC Life 2022 +Factor Study
Greg Hingston, CEO, Global Insurance and Partnerships, HSBC Life, commented: "The interconnection between mental, financial and physical dimensions is clear. When one dimension improves, the others follow. When physical, mental and financial health are all addressed,...
Mutual funds assets rise to Rs 39.88 lakh cr in Sep on higher inflows into SIPs: Amfi
According to the latest monthly data from the Association of Mutual Funds in India (Amfi) released on Monday, the industry wide net AUM stood at Rs 38.42 lakh crore in September. Amfi said the month also saw the highest-ever folio addition to 13.81 crore. The retail...