FIIs also increased their long positions in index futures, with the...
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FPI outflows ebb amid easing global concerns, optimism over Ukraine war
Last week, FPIs turned net buyers on two occasions, with a...
Senior citizens can cancel gift deed if their children fail to take care of them: HC
The bench said section 23 of the Maintenance and Welfare of Parents...
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...
‘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...