Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance The survey...
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Sebi board allows investment advisers, research analysts to charge advance fees for up to a year
"In order to address those concerns, the board has decided that if...
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...
Mutual funds assets rise to Rs 39.88 lakh cr in Sep on higher inflows into SIPs: Amfi
According to the latest monthly data from the Association of Mutual Funds in India (Amfi) released on Monday, the industry wide net AUM stood at Rs 38.42 lakh crore in September. Amfi said the month also saw the highest-ever folio addition to 13.81 crore. The retail...
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...