Tata AIA Life Insurance has launched Shubh Muhurat, a life...
Category:
Wealth Management/ Philanthropy
Latest
World’s richest people lose $108 bn after tech startup DeepSeek selloff
DeepSeek’s dark-horse entry into the AI race, which it says cost...
Investors lose Rs 9.28 trillion as stock markets fall for 2nd day
"Volatility geared up during the day, driven by a mix of factors...
India Inc expected to give 10 pc hike in 2023; highest in APAC: Report
“Last year saw actual salary increments being higher than budgets and this was largely due to better-than-expected business performance and the need to retain talent. Despite the economic headwinds, higher projections for 2023 reflect cautious business optimism and a...
Fairfax-backed 5-yr old Go Digit General Insurance files DRHP with Sebi for IPO
Prem Watsa, CEO, Fairfax The proceeds from its fresh issuance are worth Rs 1250 crore and will be utilised for the augmentation of the company’s capital base and maintenance of solvency levels and general corporate purposes Fairfax owned by Indian born Canadian...
Modi says India aims to become developed nation in 25 years
"We must turn India into a developed country in the next 25 years, in our lifetime," said the 71-year-old Modi, wearing a turban in the colours of the Indian flag, in his 75-minute-speech in Hindi The World Bank currently categorises India as a lower-middle income...
Govt plans a new tax regime, reviews current exemption system for individuals
Eventually, sources said, the government aims to establish a system where there are no exemptions and the complex old tax regime with exemptions and deductions is terminated The intention behind the move was to provide significant relief to the individual taxpayers...
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...