The survey of 150 ultra high networth individuals said that the US,...
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New Income Tax Bill to be introduced in monsoon session: FM Sitharaman
The simplification exercise was guided by three core principles...
Underinsurance Survey 2025: Shifting life insurance trends
Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance The survey...
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...
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....