"In order to address those concerns, the board has decided that if...
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Investors’ wealth swells by Rs 27.10 lakh cr as mkts surge for 6th day
FIIs also increased their long positions in index futures, with the...
FPI outflows ebb amid easing global concerns, optimism over Ukraine war
Last week, FPIs turned net buyers on two occasions, with a...
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...
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...