With these, the total outflow by FPIs has reached Rs 1.42 lakh...
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Gold vaults $3,000 in rush for safety from market, political worry
"There will likely be increased flows into safe-haven assets like...
Equity MFs inflow drops 26 pc to Rs 29 303 cr in Feb SIP hit 3-month low
Inflows into systematic investment plans (SIP) came at Rs 25,999...
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...
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...