On Tuesday alone, investors' wealth got wiped out by Rs 9,29,651.16...
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China allows insurers to invest in gold for first time
The shift in policy in China could be a signal that authorities...
New Income Tax Bill set to be tabled in Parliament next week
Before the Income Tax Bill was cleared by the Cabinet, people in...
Sebi cautions investors against funds raising by entities claiming to give portfolio management services
Further, Sebi-registered intermediaries, including portfolio managers (who manage portfolio management schemes) cannot offer products with assured or fixed return on investment. Many such unauthorised schemes are run like ponzi schemes without any real investment made...
Sebi to restart review of $440 million Digit Insurance IPO
The Sebi was concerned that privately-held Digit issued shares to more than 200 individuals in the past financial year, which is not allowed under Indian laws and regulations MUMBAI: India's markets regulator will restart a review of a $440 million initial public...
Sebi tightens disclosure norms for IPOs; to relax rules for open offers
For IPOs, the regulator cleared the proposal mandating the issuers to disclose the offer price based on past transactions and fund raising activities The watchdog's board gave its nod to bring buying and selling of mutual fund units under the ambit of insidr trading...
RBI raises key policy rate by 50 bps to rein in inflation, slashes growth target to 7.2% from 7%
RBI retained the inflation projection at 6.7 percent for the current fiscal while slashing the real GDP growth estimate to 7 percent from the earlier forecast of 7.2 percent for FY'23. India's annual retail inflation rate accelerated to 7% in August, driven by a surge...
Govt hikes interest rates on some small savings schemes by up to 30 bps in Q3
Senior Citizen Savings scheme will earn 20 basis points more to 7.6 per cent from the existing rate of 7.4 per cent during the October-December period, a finance ministry notification said New Delhi: The government on Thursday raised rates on some small savings...
Better internet penetration driving online jewellery sales in India: World Gold Council
Most online sales, it said, are driven by consumers aged between 18 and 45 and while online jewellery purchases have risen, the average ticket size has, however, remained between 5 and 10 grams Online jewellery sales in India have seen rapid growth over the past few...
LIC buys over 2 pc stake in BPCL for nearly Rs 1,598 crore
As per Sebi's regulatory norm, listed companies have to disclose shareholding in excess of 2 per cent Mumbai: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year....
Nearly half of asset managers don’t base any sell orders on ESG-survey
Some fund managers have become more willing to invest in fossil fuels this year, he added, as a European energy crisis has pushed up the value of those assets,, Nick Samuels, head of manager research at Redington . Forty-three percent of asset managers were unable to...
Investors lose Rs 13.30 lakh cr in four days of market crash
''However, the overall narrative of the market remains weak, especially following the cautiousness ahead of the RBI MPC due later this week,'' said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd Mumbai: Equity investors' wealth has...
Majority of millennials planning to take family holiday this year : Report
The survey revealed that 42 per cent of millennials are open to spending Rs 2-5 lakhs for their holidays while 33 per cent would spend between Rs 5-10 lakhs. Around 31 per cent of millennials would like to book luxury properties while 27 per cent would go for budget...