Wealth of billionaires in Asia increased by $ 299 billion in 2024,...
Category:
Wealth Management/ Philanthropy
Latest
Wish to bring as many Indians into market ecosystem to help in wealth creation: Buch
"'… a system that is efficient but is exclusive does not serve the...
Fund raising from capital markets to jump 21% to Rs 14.27 trn in FY25: Buch
Buch said in the past nine months of the current fiscal, entities...
FPIs invest Rs 22k cr in Indian markets in Aug as inflation concerns soften
Between October 2021 till June 2022, FPIs sold Rs 2.46 lakh crore in the India equity markets. "As long as energy prices remain low and there are no surprises from the war zone, foreign flow is likely to continue," Vijay Singhania, chairman at TradeSmart, said New...
LIC sells 2% of its shareholding in M&M
After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said. Mumbai: Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its shareholding in automaker Mahindra...
EPFO’s Rs 1.59 lakh crore investment in ETFs rises to Rs 2.26 lakh crore
The EPFO invests 85 per cent of the funds in debt instruments and 15 per cent of the investment is made in ETFs, as per the investment pattern notified by the government New Delhi: Retirement fund body EPFO has invested Rs 1,59,299.46 crore in Exchange Traded Funds...
Equity mutual funds’ inflow drops 43% to Rs 8,898 crore in July
The net inflows in July were lower compared to the net inflow of Rs 15,495 crore seen in June, Rs 18,529 crore seen in May and Rs 15,890 crore in April, according to data released by Association of Mutual Funds in India (Amfi)on Monday Overall, the mutual fund...
RBI raises key lending rate by 50bps to 5.40 %, inflation forcast at 6.7%, growth projection at 7.2%
Shaktikanta Das,Governor,Reserve Bank of india This is the third consecutive rate hike after a 40 basis points in May and 50 basis points increase in June. In all, the RBI has raised benchmark rate by 1.40 per cent since May this year "With growth momentum expected to...
Equity investors richer by over Rs 12.74 trn in four-day rally
Foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 2,320.61 crore on Monday, as per exchange data Mumbai: The four-day rally in equities made investors richer by over Rs 12.74 lakh crore with the benchmark Sensex...
After 9 months, FPIs return to Indian equities with Rs 5,000 crore investment
This is in sharp contrast to a net withdrawal of Rs 50,145 crore from the stock market seen in June. This was the highest net outflow since March 2020, when foreign portfolio investors (FPIs) had pulled out Rs 61,973 crore from equities, data with depositories showed...
Investors richer by over Rs 9 trn in three days of market rally
Softening commodity prices, reduced intensity of Foreign Institutional Investors (FIIs) selling and better-than-expected earnings season have led to the recovery in the markets, analysts said Mumbai: Investors' wealth grew by over Rs 9 trillion in three days of sharp...
PM Modi to launch India’s first international bullion exchange in Gift City
This exchange will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India, a statement by the IFSC Authority said. Ahmedabad: Prime Minister Narendra Modi will...
As credit demand grows, banks scramble for deposits
"In the next few months if the trend continues then we will have no other option but to raise deposit rates because the market conditions are also not very favourable for us to go to the market to raise growth capital," said a senior executive at a state-owned bank...